Austin Texas Mortgage Note - Buyer to Seller

State:
Multi-State
City:
Austin
Control #:
US-RE-MOR-03108-2
Format:
Word; 
Rich Text
Instant download

Description

A mortgage note is a promissory note promising to repay a specified sum of money plus interest at a specified rate and length of time to fulfill the promise. The collateral for the Note is a Mortgage. While the mortgage itself pledges the title to real property as security for a loan, the mortgage note states the amount of debt and the rate of interest, and obligates the borrower, who signs the note, personally to be responsible for repayment. In foreclosure proceedings in certain jurisdictions, borrowers may require the foreclosing party to produce the note as evidence that they are the true owners of the debt.
Free preview
  • Form preview
  • Form preview
  • Form preview

Trusted and secure by over 3 million people of the world’s leading companies

Austin Texas Mortgage Note - Buyer to Seller