The party who writes or creates a promissory note is called the: ...

[james9437]

The party who writes or creates a promissory note is called the:
 A) payee.
 B)drawee.
 C)drawer.
 D)maker.

Question 2

First Lincoln holds a deed of trust on Ellen Tracy's home (amount secured = 175,000). Ellen has defaulted on her payments. Describe the steps First Lincoln must take to sell the property.

[SamMuagrove]

Answer to Question 1

D

Answer to Question 2

First Lincoln's trustee must notice a trustee's sale; wait for the statutory period (typical is 90 days) and then hold a sale. Highest bidder gets title.

[james9437]

Thanks for the timely response, appreciate it

[kjohnson]

Great answer, keep it coming