A mortgage note, also known as a promissory note, is a legal agreement to repay your mortgage. It outlines the terms agreed upon between you and your lender, including the amount you owe, your ...

What is a mortgage note? Mortgage notes are legal agreements between borrowers and lenders signed at closing on a home. Find out how this affects you here.

A promissory note is a document showing a borrower’s promise to repay a loan. Learn the differences between a mortgage and this type of document.

In the event of default in payment of the note, the lender can foreclose on the home and sell it. The mortgage or deed of trust must be signed by all those in title to the property.

One of those documents is called the “note” (actually a promissory note). It says you agree to pay the lender a fixed or variable amount of money to pay off the house over 15 or 30 years.

It’s fine to get rid of monthly mortgage statements, but you should keep all your mortgage documents, including proof of title insurance and the promissory note, until your loan is paid off ...

But for BoNY to have that right, the trust had to have the note and mortgage, which is why Countrywide's hanging on to the notes was a problem. One effort BofA made was to file an assignment of ...

Stephen Cochran, the Guerreros' lawyer, acknowledged that the couple never made their mortgage payments after a 2001 refinancing, blaming that on the then-lender apparently losing the note and the ...

A major U.S. bank is being fined over sloppy mortgage documentation practices and no, it’s not Wells Fargo. The Federal Reserve announced Friday that it fined CitiGroup $8.6 million over the ...

State and federal judges in New Jersey are putting mortgage foreclosures under greater scrutiny, not letting them go forward without timely possession of the note in a pair of recent decisions. On ...

You are just rearranging and extending the mortgage note you took out while marking up the interest rate. For example, let’s say you sell your home for $750,000 to Mr. and Mrs. Buyer.