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What is a Note?

In real estate, notes are often used to finance the purchase of a property. This creates the personal obligation to repay the debt and goes as far as being the basis for the deficiency judgment if the foreclosure auction does not clear the amount owed.

Would you like to learn more about Real Estate? Have you ever wanted to become a New Jersey Real Estate Salesperson License holder? Want to know more about being a New Jersey Licensed Real Estate Agent? Click on the link for the schedule of our upcoming classes for Real Estate:

Two old trees with the sun peaking between them
Two old trees with the sun peaking between them

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