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The most fundamental document prepared by FamilyTreeLoans is the Promissory Note. A Promissory Note provides evidence of a debt. The Note will clearly state essential terms of the loan transaction, such as: The borrowing party, a d/b/a, entity or individual; The amount of money loaned; To whom it is to be repaid; The structure of repayment; The maturity date; Any collateral provided; Remedy language in the event of a default. And there are other critical items listed on the Note as well. Some transactions are sufficiently spelled out within this instrument. Other deals need more information and documentation. A paper evidencing that a borrower has provided collateral in order to protect the lender in the event of a default typically comes in the form of a Security Agreement, or a Mortgage. Such a document will protect the investment the lender made by providing access to collateral which may be liquidated if the borrower fails to pay the Promissory Note as agreed. If real estate collateral is involved, state laws govern title issues, mortgage language, recording information, typeface and margins, among other critical items. Such transactions require additional expense to cover the costs involved in working with correspondent counsel from the particular state in question. The third typical loan document is the Business Loan Agreement, which clearly encompasses the entire business relationship and transaction, for quick and easy recall of any provision. The team employed by FamilyTreeLoans.com exists to ensure the documentation of your loan exists, that it is correct, is legal and actionable and is affordable. PRICING FOR LOAN DOCUMENT PACKAGES: Note and Settlement Statement: $100.00. Please contact us to discuss your transaction prior to making any purchase.
Note, Settlement Statement and Security Agreement: $300.00. Note, Settlement Statement, Security Agreement and a Mortgage: $400.00. Add a Business Loan Agreement to any package for $150.00. Add a Personal Guarantee to any package for $150.00. Titlework and any lien search, credit pulls, recording fees and the like will be billed at the vendor rate. The price of the package you are in need of, along with any third party fees such as title work, will be required at the inception of the transaction, with any recurring service or administration costs to be paid monthly. Any changes required to be made to the loan document package to conform it to the transaction description will be free of charge. If the transaction structure has changed, however, there will be an amendment charge of $50.00 Do you need a LEASE, a LAND CONTRACT or a SALE LEASEBACK agreement drafted or reviewed? Our professionals can help! Contact us. You truly can Keep The Money in Your Family with the help of FamilyTreeLoans.com!
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