I have a Promissory Note and believe my property is being sold to pay it off
Full Question:
I have a promissory note with an investment company in California and I opted for a 6 month payment penalty for early redemption. They replied that the segregated security regarding my
investment has been submitted for sale and the proceeds awaited. What does this mean please?
04/28/2009 |
Category: Debts and Cr... ยป Promissory N... |
State: California |
#16301
Answer:
I'm unable to provide a definite answer, but it appears that certain property was used to secure repayment of the loan and that they are attempting to sell the property to repay the loan with the proceeds of the sale.
