A promissory note is a promise to pay a certain sum of money in a specific manner in a defined period of time. The note can stand on its own but is more often than not secured by a mortgage against real property called a deed of trust. It is crucial that the note be specific in the amount of the debt, interest rate, and terms of repayment. The note will be evidence in any foreclosure proceedings. Whether you are the party seeking to secure monies loaned or you are the party receiving the funds, you need good advice and representation to make sure that all terms of the contract are legally defined and enforceable. Brinkley Walser handles these types of real estate documents on a regular basis.