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What is Note Buying

A note is a written promise or more accurately, an agreed on obligation to pay a certain amount in a per determined amount of time. A mortgage note which can also be refereed to as a security instrument, promises collateral in the form of the property should the original agreement not be met. This gives the person who holds the note the freedom to regain moneys on there investment if the person paying is not able to fulfill his or her obligation. People who buy these note from other are known as note buyers. Note buyers are essentially promises buyers.