Easily Hide Text Fields to the Affidavit Of Lost Promissory Note

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How to Hide Text Fields to the Affidavit Of Lost Promissory Note

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all right so were recording in were going to begin this video today by saying that this is a recording and theres no wise advice or legal counsel and what we have done is we have made a promissory note okay and what we did was we mailed this to our creditor which was a world acceptance corporation and what happened was they decided they were going to mark it as refused and you can see over here lets see weve copied everything so that we have it for our records you know you can see where we have Senate certified mail and this is the refusal person who refused the note that we sent and theres a copy of the beginning letter to them or the hanging letter whatever you want to call it anyway this is our promissory note that we sent to them we had it certified it is in the copied color here as in black and white but we have the certified copy which is the original which is noted in blue arm certified mail again alright so what happened is they refused it so we were ok thats thats fine

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How do you know if a promissory note is secured?

There are two major types of promissory notes, secured and unsecured. Secured promissory notes have collateral behind them to secure the loan. Unsecured notes might have a personal guarantee but no valuable collateral, which carries a higher degree of risk of financial loss.

What can be used to secure a promissory note?

The property that secures a note is called collateral, which can be either real estate or personal property. A promissory note secured by collateral will need a second document. If the collateral is real property, there will be either a mortgage or a deed of trust.

How do I get rid of promissory notes?

Circumstances for release of a promissory note The debt owed on a promissory note either can be paid off, or the noteholder can forgive the debt even if it has not been fully paid. In either case, a release of promissory note needs to be signed by the noteholder.

What happens if a promissory note is lost?

Even if a promissory note is lost, the legal obliga on to repay the loan remains. The lender has a right to re-establish the note legally as long as it has not sold or transferred the note to another party.

How do I secure my promissory note?

A promissory note can be secured with a pledge of collateral, which is something of value that can be seized if a borrower defaults.

How do you secure a promissory note to a personal property?

Generally, a Secured Promissory Note will be secured using an additional document. If the property being used as collateral is personal property, the Note will be secured using a Security Agreement. If the property being used as collateral is real property, the Note will be secured using a Deed of Trust.

What voids a promissory note?

Even if you have the original note, it may be void if it was not written correctly. If the person youre trying to collect from didnt sign it and yes, this happens the note is void. It may also become void if it failed some other law, for example, if it was charging an illegally high rate of interest.

Who keeps the original promissory note?

The lender keeps the original promissory note until you have fulfilled all obligations, i.e., paid off, your mortgage. A promissory note will generally contain the following information: The total amount of money borrowed; Your interest rate (either fixed or adjustable);

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