Promissory Notes stories:
Ex-SEC Lawyer Pleads Guilty to Fraud in Dreier Case
Nov 9th, 2009 - Wall Street Journal
NEW YORK -- A former lawyer in the Securities & Exchange Commission's Division of Enforcement admitted Monday to helping disgraced lawyer Marc Dreier carry out a scheme to attempt to sell $44.
For GM and Chrysler Retirees, An Anxious Future of UAW Healthcare
May 31st, 2009 - TIME
The health care of thousands of retired auto workers is about to change: On Friday the membership of the United Auto Workers overwhelmingly approved a restructuring plan with GM, according to UAW president Ron Gettelfinger...
Law Firm Founder Dreier Pleads Guilty, Faces Life in Prison
May 11th, 2009 - Bloomberg
May 12 (Bloomberg) -- Marc Dreier, the New York law firmfounder accused of defrauding hedge funds by selling$700 million in phony promissory notes, might face life inprison after pleading guilty to fraud charges. Dreier...
Disgraced Lawyer Dreier Pleads Guilty To Fraud Charges
May 11th, 2009 - Wall Street Journal
(Adds details of bail) NEW YORK (Dow Jones)--Disgraced lawyer Marc Dreier pleaded guilty Monday to fraud and other charges in an alleged scheme to sell $700 million in fictitious promissory notes and misuse client funds. Dreier...
Once-prominent NY lawyer pleads guilty to fraud
May 11th, 2009 - Reuters
NEW YORK (Reuters) - High-profile New York lawyer Marc Dreier pleaded guilty on Monday to criminal charges of running an investment fraud in the hundreds of millions of dollars involving fake promissory notes. The Harvard-educated Dreier...
Promissory Notes videos from YouTube:
1:18Legal Self-Help : How to Write a Promissory Note
When writing a promissory note, be sure that the date the money is borrowed is prominently indicated. Write a promissory note, identifying the borrower and terms of the loan, withadvice from a certified family mediator in this free video on legal self-help ...
7:552 Main Factors Why Lenders Pursue Promissory Notes
This weeks Preforeclosure "Tip of the Week" is about the 2 main factors that drive today's short sale lenders into pursuing promissory notes,what foreclosing lender is still pursuing promissory notes in non-recourse states and much more..Bob Lachance
9:29Sign a Promissory Note or Let A Property Go to Foreclosure?
Letting a property go into foreclosure versus having a client sign a promissory note has always been a hot topic. Listen in as I go over why you have to be careful listening to the advice of some real estate so-called professionals who have it all wrong!
1:34Short Sale Promissory Notes, The New Deficiency Judgment?
www.kobyluedtke.com - Alright, I know they're far from the same thing. It's just that I'm getting this more and more with my short sales; the lender agreeing to my offer, but requesting that the homeowner pay back an unsecured loan (promissory note) as part of the approval ...
Promissory Notes from WikiPedia:
A promissory note, referred to as a note payable in accounting, is a contract where one party (the maker or issuer) makes an unconditional promise in writing to pay a sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms. They differ from IOUs in that they contain a specific promise to pay, rather than simply acknowledging that a debt exists.
The terms of a note typically include the principal amount, the interest rate if any, and the maturity date. Sometimes, provisions are included concerning the payee's rights in the event of a default, which may include foreclosure of the maker's assets. Demand promissory notes are notes that do not carry a specific maturity date, but are due on demand of the lender. Usually the lender will only give the borrower a few days notice before the payment is due.
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