: The buyer signs the note at closing and usually takes immediate possession, though the seller may retain legal title in some "land contract" arrangements until the debt is paid. Review of Buying with a Promissory Note
: Both parties sign the note, typically in the presence of a notary to verify identities and ensure the agreement is entered into willingly. how to buy a house with a promissory note
“Having a clear exit strategy is crucial for note investors... whether this involves holding the note to maturity, selling it to another investor or foreclosing.” Holland & Knight · 1 year ago Key Components to Include : The buyer signs the note at closing
