Tag Archives: Promissory

Lender’s $4.5 Million of Promissory Notes Were Unregistered Securities

A case involving real estate lending illustrates the perils of failing to comply with the securities laws.  Last fall the Securities and Exchange Commission filed a complaint against Paul Z. Singer, a Philadelphia-based lender, and his company, Singer Financial Corp. … Continue reading

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Ahmed Gheith Terminated by Paulson Investment Over Sale of Promissory Note

According to BrokerCheck records kept by The Financial Industry Regulatory Authority (FINRA) advisor Ahmed Gheith (Gheith), in August 2017, was terminated by his employer Paulson Investment Company, LLC (Paulson Investment) after the firm alleged that Gheith was terminated subsequent to … Continue reading

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The Trilogy: Explaining the Deed, Promissory Note and Mortgage at a Massachusetts Closing

Prospective real estate buyers tend to think of the "mortgage" as the contract they are signing with the bank. This is misleading. The promissory note is the actual contract to loan and borrow money between lender and borrower. The mortgage … Continue reading

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