Promissory Note
Registered mortgage notes are generally used to secure a receivable. The debt certificate establishes a personal claim that is secured by a real estate lien. It forms the basis for the potential realization of a property to repay the securitized debt. The debtor can invoke the personal rights of defense resulting from the underlying contract. At Crowd4Cash, registered promissory notes are regularly used to secure receivables, especially for businesses or when the customer does not meet the minimum requirements for a loan to be granted.
It is important to emphasize that registered mortgage notes are a legal instrument that protects both creditors and debtors. They create a clear legal basis for the settlement of financial transactions and provide security for all parties involved.
