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Can an unsecured promissory note be used for a deposit on purchasing a home?
Wiki User
∙ 10y ago
No. An unsigned promissory note has no legal value whatsoever.
Wiki User
∙ 10y ago
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Is a promissory note binding if there is no consideration in return?
In order to have a promissory note there must be consideration. If a bank gives you a mortgage, then the home is consideration for your payments.
What does 10 percent towards deposit paid by vendor mean when buying a house?
When purchasing a new home, a deposit on the sale price is normally required. When buying a house,10 percent towards deposit paid by vendor means that if, for example, the house cost 200,000 US dollars, a deposit of 20,000 US dollars was paid by the person selling the house.
What can you do if you gave the pink slip up and then went through a bankruptcy and the company never repossessed the car?
Call a local towing company to tow it away from your home. I gave the pink slip but the holder of my promissory note never recorded a lien against my automobile. So at time of bankruptcy I can only think that it was an unsecured debt right? If so then I do not have to give the auto up since it should fall legally into the category of unsecured debt. Am I right or wrong here to think this?
Is a home safe as secure as a bank safe deposit box?
No. Definitely not. A Banks safe deposit box is much much safer than a safety deposit box in a home.
If your home is in foreclosure status can a lien be placed for a unsecured debt?
YES. Condo Fees
What is a unsecured home improvement loan?
Loan given by bank without security (meaning: Home equity is not used by bank)
What core differences are there between a secured and unsecured loan?
Secured and unsecured are the two main types of loans. Secured loans require the borrower to give some form of security to the lender, like a home or car. Unsecured loans do not require any kind of collateral.
Who offers no deposit home loans in Australia?
The name of the company is Home Loans, but its not really true that they are giving no deposit home its just they do allow to borrow 95% of the purchase price.
What are the release dates for Home Purchasing Club - 2006?
Home Purchasing Club - 2006 was released on: USA: 15 November 2006
Where can you get promissory notes in India?
Where a promissory note is made payable in a different place from that in which it is made or endorsed, the law of the place, where it is made payable determines what constitutes dishonour and what notice of dishonour is sufficient. http://www.dreamhomedecors.com/home-garden-decor/
You have high unsecured debt can creditors get lien against your home or the equity of your home which is partially paid off?
If the creditors sue you for unpaid balance they can put a lien on your home if it is in your name.
Can you deposit to your checking account without going to home branch?
no,
