
Episode #161
Ep 161 Most Seller Finance Notes Are Legally Worthless | Sohail Badruddin
We opened up 4 real seller-financed notes and found problems in almost every single one. Here's what to fix before you buy or sell.️ In this episode of The Real Estate Notes Show, host Dave Putz and Nathan Turner sit down with 30-year servicing veteran Sohail Badruddin (Provident Loan Servicing) to review four LIVE note deals — line by line, clause by clause. What you'll learn:✅ Why a 1-page promissory note is an automatic red flag✅ How a missing notary stamp can make an entire note unenforceable✅ Why vague prepayment penalties (like an undefined 5%) confuse judges and defense attorneys✅ The Texas wrap note clause that illegally makes the buyer responsible for the SELLER'S underlying lien✅ Why "immediate foreclosure" language for missed insurance is a legal landmine✅ Why pre-signed deed-in-lieu clauses don't hold up in court✅ The 3.3% interest rate trap that could turn your loan into a taxable "gift"✅ Why balloons, interest-only terms, and prepayment penalties are theTo obtain this week's Real Estate Notes Show guest Sohail Badruddin's information, use this link https://bit.ly/3T1deku

