Speaking of making no sense. Maybe you can prov
Post# of 43064
Maybe you can provide some clarity on what you mean here.
I have held several promissory note, have had a couple of mortgages, taken out business loans, etc.
But I have never seen or heard the term 'reset' associated with any of them.
Quote:
RH's notes .. as if they wouldn't be *reset* with P2O's first sale
fully executed ($ changing accts from seller to buyer)
Are you implying the notes will be rolled over by using a term that has zero financial meaning as 'reset' ?
And what does ' $ changing accts from seller to buyer' mean ?
In a purchasing situation $ ( I assume you mean dollars) would change accounts from buyer to seller.
All together based on the way it is presently worded it is impossible to understand anything about what this quoted statement could mean.