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  2. Promissory note - Wikipedia

    en.wikipedia.org/wiki/Promissory_note

    A 1926 promissory note from the Imperial Bank of India, Rangoon, Burma for 20,000 rupees plus interest. A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or ...

  3. Due-on-sale clause - Wikipedia

    en.wikipedia.org/wiki/Due-on-sale_clause

    A due-on-sale clause is a clause in a loan or promissory note that stipulates that the full balance of the loan may be called due (repaid in full) upon sale or transfer of ownership of the property used to secure the note. The lender has the right, but not the obligation, to call the note due in such a circumstance.

  4. Mortgage note: What is it and how does it work? - AOL

    www.aol.com/finance/mortgage-note-does-211132255...

    A mortgage note comes with a promissory note, which is the borrower's promise to repay the loan. ... For an example of a mortgage promissory note, refer to this template from the U.S. Department ...

  5. Land contract - Wikipedia

    en.wikipedia.org/wiki/Land_contract

    Easy financing and a simple sale transaction may be a good selling point for a seller to offer a buyer. A land contract is a unilateral contract and cannot be assigned to another buyer without the consent of the seller providing the financing.

  6. Owner financing: What it is and how it works - AOL

    www.aol.com/finance/owner-financing-works...

    Owner financing is an arrangement in which an owner or seller, rather than a bank or mortgage lender, extends financing to a buyer. This can be a viable option for buyers who don’t qualify for a ...

  7. Seller Financing Comes Back - AOL

    www.aol.com/news/2010-07-22-seller-financing...

    Owner financing (also known as "seller financing," "taking back the note," or "an. Sellers once again might want to consider "owner financing" as a method to get that house sold -- and reap some ...

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