Note Extention - Posted by Dan

Real Estate Investing Notes
1

Posted by Michael Morrongiello on September 23, 2011 at 24:14:29:

Dee;
If the Deed of Trust does not state a specific maturity date in it then a simple written Amendment to the Promossory Note signed by all parties to the original Note should suffice. However if the Deed of Trust has a maturity date stated then a formal modification of both the Note and the DOT - deed of trust, again signed by ALL parties would be better to use.

In today’s TIGHT current credit market- many balloon payments are simply NOT being taken out when due.

Best to you success;
Author of the home study courses avaiable on this site; The Unity of Real Estate & “Paper” and Paper Into Cash - the definitive guide on how to create marketable Notes.
Michael Morrongiello
Sunvest
www.sunvestinc.com
Since 1983 - Creative People with Creative Solutions

2

Note Extention - Posted by Dan

Posted by Dan on September 19, 2011 at 11:02:32:

Hi,

I hold a note and deed of trust in CA. The note is going beyond the one year term and the payor’s want to continue for another few months. I’m willing to extend the note for a fee but would like to know what paperwork to use, can anybody help?

thanks,
Dan