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Re: [tips_and_tricks] Promissory Note Payment

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  • advance pum
    Seller obviously sends a letter back stating what is going to be endorsed on the back, which was This payment is payment toward lien of $148,000.00leaving a
    Message 1 of 2 , May 5, 2007
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      Seller obviously sends a letter back stating what is going to be endorsed on the back, which was "This payment is payment toward lien of $148,000.00 leaving a remaining balance of $143,000.00.

      Whatever is added to an instermentprior tonegotiation by a second party is not valid.
       
      Your indorcement makes no differance.
      What you need to do is to file a paper, probably an affidavit with the facts in it thus canceling the previous paperwork.
      Paul



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