Skip to content

Let's keep in touch

Subscribe to our newsletter for timely insights and actionable tips on your real estate journey.

By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions
Followed Discussions Followed Categories Followed People Followed Locations
Private Lending & Conventional Mortgage Advice
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated about 11 years ago on . Most recent reply

User Stats

9
Posts
2
Votes
Michael P. Derr
  • Real Estate Investor
  • Tulsa, OK
2
Votes |
9
Posts

Promissory Note

Michael P. Derr
  • Real Estate Investor
  • Tulsa, OK
Posted

Hello everyone, I am located in Tulsa Oklahoma. I was in the process of having a Promissory Note reviewed by Our local REIA attorney. I found out today (2 weeks Later) he won't do it because he has done business with the other party in the past. I understand that part, but why wait two weeks to let me know.

  They said they cannot recommend anyone else to do it because of the small amount. I was told to check with the Bar Association. For the record, the amount was $50,000 secured by a first lien position. I am acting as the lender in this transaction.

If their is anyone in Tulsa that would like to do business with me please let me know. Can this be done by a title company without having a lawyer involved? I appreciate any feedback, thanks. Mike

Loading replies...