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Yes, you can typically place a lien on someone's property if they have defaulted on a promissory note for a cash loan, provided that you have followed the legal procedures required in your jurisdiction. This usually involves obtaining a court judgment against the borrower, which then allows you to file a lien against their property. However, the specific process and requirements can vary by state or country, so it's important to consult with a legal professional for guidance.

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1mo ago

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Can promissory note be used as escrow deposit?

You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.


How do you account for an interest free promissory note?

Similar to A/R. Set up a Note Receiveable, and credit the note (debit cash) as payments are received.


Can someone else cash my paycheck for me?

No, someone else cannot cash your paycheck for you. You must personally endorse the check and present identification to cash it.


Can you get a cash advance if you have defaulted on one in the past?

Since cash advance lenders typically don't require credit checks, they operate a database of names associated with defaulted loans. When a person who has defaulted in the past attempts to apply for a second payday loan, the database is triggered and the new, potential lender has the option to deny the loan. A large percentage of lenders will provide a second payday loan to a previous default because they can require that persons checking account be auto debited as payment as soon as a paycheck is deposited. Thus, lessening the likely hood of defaulting.


Is it possible for me to cash a check that is made out to someone else?

No, it is not possible to cash a check that is made out to someone else.

Related Questions

what is a cash flow note?

In the language of the private cash flow business the word "note" is shorthand for promissory note. While it is easy to get tripped up in the various types of notes, this term refers to an official IOU; the right to collect payments based on terms outlined in the promissory note itself. http://ezinearticles.com/?What-is-a-Cash-Flow-Note?&id=1443655 what is cash flow note A cash flow note is a written document where someone promises to pay. The amount, the interest rate and the length of time will be printed on the note. It is a promissory note or a debt. To use them you would be a debt collector.


Can you Pay traffic fines with promissory notes?

No, traffic fines typically require payment in the form of cash, credit/debit card, check, or online payments. Promissory notes are not accepted as a form of payment for traffic fines.


Can promissory note be used as escrow deposit?

You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.You need to check the practices in your area. In some areas promissory notes are accepted but must be paid the same day the offer is accepted. Most people want a cash deposit.


How long has lil Wayne been with cash money?

when lil Wayne was only NINE YEARS OLD he joined the record label cash money. best decision theyve ever made :P


Does destroying a promissory note establish that the debt has been satisfied or is a release of promissory note required?

It would be best to keep the promissory note, ask for a release, or receipt of payment in full and, if there is any question in your mind regarding future issues, copies of the checks you used to pay the debt. If you paid cash, definitely get the release.


Who sings the song you have been everywhere in BT advert?

Its Jonny cash Ive been everywhere but theyve changed it to naming places in N Ireland for the fun of it. v good


How do you account for an interest free promissory note?

Similar to A/R. Set up a Note Receiveable, and credit the note (debit cash) as payments are received.


Can someone else cash my paycheck for me?

No, someone else cannot cash your paycheck for you. You must personally endorse the check and present identification to cash it.


Can you get a cash advance if you have defaulted on one in the past?

Since cash advance lenders typically don't require credit checks, they operate a database of names associated with defaulted loans. When a person who has defaulted in the past attempts to apply for a second payday loan, the database is triggered and the new, potential lender has the option to deny the loan. A large percentage of lenders will provide a second payday loan to a previous default because they can require that persons checking account be auto debited as payment as soon as a paycheck is deposited. Thus, lessening the likely hood of defaulting.


Is it possible for me to cash a check that is made out to someone else?

No, it is not possible to cash a check that is made out to someone else.


Is it possible for you to cash a check that is made out to someone else?

No, it is not possible to cash a check that is made out to someone else.


Is it possible for you to cash in someone else's check?

No, it is not legal to cash someone else's check without their permission.