sell my promissory note from Carma Galstian's blog

Note investors expect to receive a return on their investment. However, note holders should always keep the arrangement with their payor and ensure they receive the last payment. The letter of intent should include conditions that protect investors. In this way, note holders are less likely to take an unethical request. You should also ask if the note is secured. If so, you should ask if the note is secured by an insurance policy.

Before selling your note, you should first find a note buyer. You can find one online or in the local yellow pages. You can also ask your banker or real estate agent for a referral. Different note buyers will offer different prices, so you should shop around and see which one offers you the best price. If you are offered a low offer, make sure to reject it.

You should act quickly if you suspect you are the victim of a scam. If you do get cheated, you have a limited window to pursue legal action. In the meantime, it is important to contact your state securities regulator or insurance commissioner. You can also contact the Financial Industry Regulatory Authority, or FINRA. You should also check the FINRA's alert for promissory notes to ensure your legal rights.

Promissory note scams target the elderly and vulnerable. Most investors do not realize that their investment dollars are at risk until it's too late. Genuine corporate promissory notes are only sold to sophisticated investors who perform thorough due diligence on the company. You should make sure all documentation is in order before trying to sell your promissory note.

You may be wondering, "What is a promissory note?" It's a contract between you and a third party, and isn't a negotiable instrument. However, it is possible to sell your promissory note to a third party. But you must make sure the person buying the note is able to repay you. This is a legal procedure, and you should always consult with a lawyer if necessary.

A promissory note contains a number of details. These include the terms of payment, the last payment, and the unpaid balance. In addition, it has a section explaining the different scenarios of payment default.