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How do realestate notes work?

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Anonymous

15y ago
Updated: 8/17/2019

A real estate note is a simple term to describe the many types of contracts used to secure real property as collateral to secure debt or a loan. Real estate notes are security agreements such as mortgages, trust deeds, land contracts, wraparound mortgages, etc. that are recorded as evidence of debt secured by real property. They are used to secure the property as collateral against the debt so that in case of a default on the loan the note holder has the right to foreclose on the property.

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Wiki User

15y ago

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