Debts and Credit » Promissory Notes Legal Questions and Answers
What is the Difference Between a Loan and a Mortgage?
I am doing a promissory note with my parents. They want to make sure it is recorded, so I am trying to find the correct form. $325,000 at 4.5% interest for 3 years. Should I use a promissory note then put a lien on the property in case something would happen to me or should i do a mortgage with them instead and register the mortgage by a lien against the property. the mortg...
11/24/2009 | Category: Debts and Cr... » Promissory N... | State: Florida | #19769How Do I Let My Wife Make Payments and Insure a Car I Own?
Separated...can I do promissory note/power of attorney so wife can get insurance on her vehicle that is in my name? She makes payments on it.
09/28/2009 | Category: Debts and Cr... » Promissory N... | State: Kentucky | #18828Is an Unsigned Promissory Note Valid?
Is a Promissory Note legally binding in Florida with only the signature of the payee and is a photo copy of the note valid ?
08/14/2009 | Category: Debts and Cr... » Promissory N... | State: Louisiana | #18089Do promissory notes have to be witnessed and notarized in New Mexico?
Do promissory notes have to be witnessed and notarized in New Mexico?
08/07/2009 | Category: Debts and Cr... » Promissory N... | State: Texas | #17991How Should I Give A Loan to My Son to Avoid Tax Problems?
We are about to loan our son $5000 for a down payment on a property in Kingston, OH (Ross county) We want to use a promissory note for the loan. We don't want to charge him interest. We simply want him to pay us back in monthly payments of $100 until paid. I have read that this may present a problem with the IRS. Is there a way around this?
06/30/2009 | Category: Debts and Cr... » Promissory N... | State: Ohio | #17258What is the best means to payoff my mother's home and still protect my assets?
I need to know which form(s) are appropriate for the following situation: My aging mother owes $19,000 on a home loan at 9%. Home value $125,000. I can reduce her monthly expenses by refinancing her loan (which likely requires me to co-sign) to a lower rate or I pay off her loan and execute a secured loan agreement with her for bank loan balance, which would involve an amorti...
06/02/2009 | Category: Debts and Cr... » Promissory N... | State: Arizona | #16848What legal forms are needed to consolidate my two home loans into one?
I have 2 separate home loans with my parents and I would like to consolidate both loans into one loan at a new fixed annual rate of 4.5%. I currently have a Mortgage (Wisconsin Form 6-S) and Fixed Rate Mortgage Note (Wisconsin Form 6-N) in place for the 2 loans noted. What legal documents or forms do I need to initiate to consolidate the 2 loans into one loan?
05/31/2009 | Category: Debts and Cr... » Promissory N... | State: Wisconsin | #16832Is a promissory note for rent owed enforceable?
My tenants are moving out June 8 and are a few months behind on rent and are requesting to use their security deposit for a month and a half rent. They requested to remodel the bathroom because the husband was in that line of work in lieu of paying 100.00 extra a month for their dog. Both are on disability. Wife is having a risky pregnancy and husband has disk problems from a...
05/19/2009 | Category: Debts and Cr... » Promissory N... | State: New Jersey | #16709If I send a promissory note and payment of legal tender can my credit still be ruined?
After sending a promissory note and payment of legal tender, can our credit still be ruined by this?
05/05/2009 | Category: Debts and Cr... » Promissory N... | State: ALL | #16582Where can I find a form stating the issuance of non-voting shares and terms of pay back for a loan?
My sister's business in CA invested $10,000 US in my husband's business. I need a contract stating the issuance of non-voting shares and terms of pay back.
04/29/2009 | Category: Debts and Cr... » Promissory N... | State: Arizona | #16474