How to Create A Promissory Note

How to Create A Promissory Note


63 thoughts on “How to Create A Promissory Note”

  1. hello Seth, how you doing? listen I don't own any property and I'm middle-aged I got a very little nest-egg. I've never done this before but I'd like to get started on it. do you have any suggestions, any books I could read? classes I could take? what would you suggest? I'd like to get started making a little passive income this way. I've seen a couple of your videos and it piqued my interest a lot. just so you know I'm serious about not having any experience buying and selling real estate at all I'm a nurse by profession. I've rented most of my life but I want to get a little something to keep me comfortable when I retire. would you have any suggestions?

  2. Can I pay off my Reverse Mortgage with a promissory note . Also if taken to court what do I say to the court to support my case

  3. Seth Williams – Some of the commenters here are people who have a misunderstanding of the nature of a promissory note. There are many YouTube videos in which people are told that they can create a promissory note and use it the same as cash. They think the note itself is required by law to be accepted and they can create one and use it like money even if they have no collateral of any type, no credit record or even if they don't have any money.

    You are explaining what a promissory note actually is and since they have been told something else, they think you are wrong.

    Good luck. Just a heads up to let you know who you're dealing with – in case you haven't already figured that out.

  4. Mr. Williams. I like the video. My question is and this is important, Would I have to become a "private banker" in order to issue the promissory note(s)?

  5. Generally when purchasing a house through a bank, the bank would produce a promissory note for the borrower. What are the advantages of making one for yourself in this situation?

  6. What a load of bollox, it's one thing to create a Promissory Note, it is a total different ball game trying to get your creditors to accept it as payment. What you should be doing is showing us how you successfully used it.

  7. Promissory note is a legal document once signed by the borrower. Once the signature is created on the promissory note, that promissory note has created the monies and the signature created the money backed by the Birth certificate legal name. WE ARE THE MONEY, so it's a deception.

  8. How dumb, when you come to use it, they treat you illegal, they need to get rid of promissory notes, that's illegal to treat somebody so disgusting before he could get his payments situated as seen in ex. clip from Wells Fargo promissory notes, & if you noticed the banker there didn't even know what it was and treated Carlos with no decency or respect, after helping him and I noticed before he gave him the money tender never did discuss with him the interest rate or when to start the payments , and to acknowledge, to understand if the money was to be paid back to the car dealership or to the bank, I mean it was just totally misunderstood and no communication as to the details of that P.N. that it's ridiculously stupid!!!! So how come this man tells you details but that banker couldn't tell him any details????!!!!! And how many people they killed because they didn't even discuss details to them at the bank!!!!!??? How blanking Disgusting!!!!!!and how could that banker try to gain custody of his vehicle right after buying it!!!! Isn't that illegal, and that seems so outrageously disrespectfull because he did not once in the recording, discuss with that banking customer the instructions and ins and outs and interest rates and whom is the obligations to whom in the process!!!; I mean they should in my opinion, they should get rid of promissory notes because they sound too uninformitive, misleading, bankers don't even know how it's used, what it is, or how to treat you behind one, and highly disrespectfull how you treated after you get it if you do!!!! They need to get get rid of promissory notes, they sound TOTALLY stupid and first and foremost, soooooo disrespectfull after you get one!!!!; and how dare a dang banker, after finding out he purchased the vehicle to act like that, like he committed a crime!!!! I mean it's worse than an Indian giver, which means to give something and want it back!!!! It's outright disrespectfull and totally disgusting, even more because he has no right to treat a person like that, how deadly F-O-U-L, SHAME ON YOU BANKER, AND THE NERVE BEFORE EVEN HELPING HIM, YOU DIDNT EVEN KNOW ENOUGH TO HELP HIM OUT, THEREFORE YOU SHOULDN'T OF EVEN BOTHERED TO HELP HIM BECAUSE YOU DIDN'T,!!!! GET RID OF PROMISSORY NOTES, THEIR TOO MISLEADING, RUDE AND DISRESPECTFULL, DISGUSTING TO DO THAT TO SOMEBODY, AND THE NERVE FOR WELLS FAGO TO TREAT SOMEONE LIKE THAT!!!! OUTRIGHT DISGUSTING AND DISRESPECTFULL, SHAME ON YOU WELLS FAGO!!!!! HOW GROSS TO TREAT A HUMAN BEING IN THIS MANNER!!!!!!!! DAM FKNG FAGO WELLS, THATS MORE LIKE HOW HE WAS TREATED!!!; EVERYONE AGREES O.K. FAGO WELLS!!!! HOW DISGUSTING!!!!!!!!

  9. Hello Seth, I bought your house today. The promissory note is in the mail. I will give you one week to vacate my house.

  10. What this comes down to is something for nothing! There is never any intention to follow they with the "promise". That makes all of this fraudulent! Who do you think will pay for what YOU promise to fulfill? The cash fairy?

  11. Try to retrieve "Modern Money Mechanic" and "Two Faces Of Debt". These two Publication are from The Federal Reserve.

    Both explain the Creation of Money which the Promissory Note actually Is.

    Beware of those who tell you anything deference. In the above Video, he is telling you half truth which then become a lie.

    This Why I always say, "Always go to the source" from there you can never go wrong.

  12. we know exactly what it is its also been used to steal real property by the gov.. ..like houses farms real ad nausea

  13. I promise to give my land lord every cent owed!
    BY THE WAY GOVERNMENT – YOU OWE HER ALSO!
    the justice system!
    BRING IT ON!
    I HAVE A LONG STORY THAT NEEDS TELLING!
    ($_$)

  14. I just got back from Wells Fargo and they told me they don't honor Promisary notes and that I would have to go through their lending process. What should I do next?

  15. People don’t understand that the type of promissory note you are talking about is usually executed by two private people. Say you lend a friend or relative some money. Or you sell a car to a friend or relative. It becomes a contract between the two individuals of” I will lend you this money, and you will pay me back under these terms!” You can not use a promissory to pay off a debit, that already has a signed promissary note, or in case of credit cards, where a contract exists that the borrower agreed to when they applied for the credit card.

  16. What about a zero interest bearing note? You mentioned two types of loans but would a zero interest bearing loan work, if the parties agree to the final amount to be paid in the end of the contract term?

  17. Thanks for this helpful info this is awesome however to say that the bank can legally take your house means you don't understand how the fraud works.

  18. That's all well and good but if I don't put my name in capital letters they can't hold me or my representative to anything, admiral. Bwaahahaaa!! You will be assimilated. Resistance is futile. Tinfoil. Right to travel, etc.

  19. this is not a real promissory note that for example that banks use between each other, real promissory notes are a legal instrument that has value and can be purchased like shares on the stock exchange a bit like bonds. They are generally used for banks and government bodies only as it is like a perpetual deferment of the loan banks hide this from individuals to make money from the scam that banks work with, they are more complicated than a loan contract
    This type of document is really just a loan contract not to confused with a real promissory note or instrument.
    Seth has a vested interest in selling this type of loan contract, he admits this

  20. A promissory note? Promise to pay? But what are you gonna pay with? More promises to pay since the fiat currency we use has no real value and is all debt anyways. The biggest scam in history.

  21. To better understand what a promissory note is and how used… (why it is accepted)

    My simple thinking is a promissory note is just that, a promise to pay a debt. Not a way to eliminate the debt. If you already have a mortgage loan, it was done via a previous promissory note you signed at the time of closing; as such why would the holder of the existing note accept trading one promissory note for another? Which basically constitutes a refinance where both parties agree upon the new payment terms outlined in the new promissory note. If you are purchasing a home (or auto, etc.) negotiate the payments of the first loan with the lender and let them write the note which is less likely to start trouble. The terms of payment is the real concern here.

    The best idea not being mentioned in this video in using your own created promissory note (document) is that you create the terms of payment within the note. An interesting actual use example.. https://www.youtube.com/watch?v=dbku5XULgIA

    Now truthfully, if for a new home mortgage, the bank will use the note (regardless who created it) to turn it into a security which gets them 10x credit from the Fed (fractional reserve banking) and then sell the note to investors. So the bank is happy, makes money and is quickly paid in full+ without having any risk. They don't really care about the payment terms as long as they can trade the note and get paid in short order. This is what they are good at. Since these notes are thrown into large pools and bundled together with other bonds and investments into large complex instruments the terms of payments are easily hidden by large banks as few (even the rating agencies) do not actually go in and verify the risk/reward of each (which was the cause of the 2008 crash as the AAA rated investments actually contained hidden junk mortgages). When investors found out how pervasive this was being done caused a sell panic, no one was buying or lending and money transactions froze up (liquidity freeze). Banks wouldn't even lend money to other banks.

    Now selling the note to investors separates the note from the mortgage (deed) and the note is legally no longer collateralized (not backed by the mortgage deed). The investors not owning the deed (mortgage document) can not legally foreclose for lack of payment (still they try) but no mater as the investors in turn insure the note 30x so they do better if the loan actually defaults (after 90 days). Now you know why everyone wants you to wait 90 days before they will talk refinance. They get paid 30x and then talk you into another loan even though they were paid off. The real loser is the insurance (AIG) paying 30x the loan amount making the investors very happy. AIG can not come after the home because they insured uncollateralized loan (the promissory note with no collateral/deed). Since the deed (mortgage) and promissary note were seperated the actual loan (promissory note) is legally null and void when the bank sold the note soon after you bought the house.

    So knowing all this, instead of writing your own promissory note for a new mortgage, negotiate the terms of payment with the bank who really doesn't care as long as it's good enough to sell to investors.

    Now if you're hit with a different judgement or lean from a bank or government (a bill to pay, no existing promissory notes exist) then writing your own may be a valid option (see example link above). The idea is these institutions know how to trade these notes. Stores and friends do not.

    All in all, a promissory note is an IOU. To offer to pay anyone with an IOU is not illegal as long as there is intent to pay. They may counter with a different payment method (negotiating terms of payment). So as long as there was an intent to pay I do not see any legal issues except for lack of needed notary, stamped it was received, which is not a criminal offense. Forging someone else's name is.

  22. Some of you idiots and morons should look up the BILLS OF EXCHANGE ACT every country has one.

  23. For all those that would like a better reference as how to use these, in what circumstances you should use it and see how it has actually been used please watch this video… https://www.youtube.com/watch?v=dbku5XULgIA

  24. This kind of shit is only use by people that live in trees and shit , no one would except that kind of payment now a days

  25. The "value" of a promissary note is dependent entirely on the financial standing of the issuer. In the case of someone like you it is quite literally not worth the paper it's written on.

  26. well if your buying a car these sovereign citizens believe they can get a brand car cuz it not a car its personal possession that moves like horse and buggy lol….just wow

  27. Hi, Seth. I have a question regarding promissory notes. Would I need to do one in conjunction with a "Contract for Deed (owner-financing)?" I've watched your video regarding how to do a "Contract for Deed," using Rocket Lawyer, and was wondering if I would need this along with the "Contract for Deed." Please let me know your thoughts on this. Thank you, in advance, for your response.

  28. This is concerning the us only.

    I was about to move forward when I dcided to call a Constitutional Lawyer.

    I ask him about the Promissory Note.

    His reply was: "That is a good way to get into a lot of trouble.'

    Caution do your homework first.

    william schuck security fraud with promissory note

    WILLIAM Z. (“BILLY”) MCFARLAND, GRANT MARGOLIN and DANIEL SIMON

    https://www.sec.gov/litigation/complaints/2018/comp24213.pdf

    https://www.calcorporatelaw.com/2017/02/court-finds-promissory-note-is-not-a-security

    Jamison and William Schuck

    https://www.morelaw.com/verdicts/case.asp?s=AZ&d=7051

    https://www.casemine.com/judgement/us/5914bb3badd7b04934795742

    Nathan Wyvil Pappas, 43, Fort Walton Beach, larceny less than $5,000, uttering a false instrument, counterfeiting of bank bill or promissory note.

    Nicholas Bronson Pierce, 31, Pensacola, larceny less than $5,000.

    https://www.waltonsun.com/article/20160519/NEWS/160518796

    David Young

    https://www.ripoffreport.com/reports/david-young/crestview-florida-32536/david-young-theft-by-deception-crestview-florida-1225552

    https://www.ripoffreport.com/reports/cancel1mortgageinfo/crestview-florida-32536-5570/cancel1mortgageinfo-fraudulent-international-promissory-note-scam-crestview-florida-1085918

    Tupper Saussy, Roger Elvick, Sean and Melissa Morton, Chiropractor and sovereign citizen Donald Gibson,

    https://www.adl.org/blog/sovereign-citizen-funny-money-not-so-humorous-for-victims

  29. video MUST WATCH_ "THE MONEY MATRIX" on YouTube.com (green/black video icon)

    ✓Public Law 73-10- There is NO LAWFUL money in existence.
    ✓HJR – 192
    ✓Title 31 USC 5118
    ✓Title 31 USC 3123
    ✓ Article 1 section 10 _it is unconstitutional to use a debt instrument to pay a debt. A Federal Reserve Note is a DEBT instrument. An iou.
    ✓ Modern Money Mechanics.pdf is free to download.

    ✓The "United States" "UNITED STATES" means A Federal Corporation, not a government. Title 28USC 3002 15A.

    ✓UCC 9-307(h)-
    Location Of Debtor

    ✓Title 22 USC CHAPTER 11 – any person who takes an oath of office relinquishes their rights as a state citizen and is considered now a FOREIGN agent, agency, entity….

    If they are foreign to America the states Union, then that means they have NO JURISDICTION or a lawful right to abrogate our rights in our American REPUBLIC.

    Explain the FRAUD PLEASE. EXPLAIN USING OUR NAMES MONETIZING SECURITIZING AND COLLATERALIZING NEGOTIABLE THAT ARE PREPAID UPON OUR SIGNATURE.

  30. Does this apply to me even thou I'm buying a house and not borrowing money ?.
    First thing I read was " who is borrowing the money?"

  31. Seth, Awesome content. When you close ANY deal, do you put your personal name on the documents or your company name? Is it "Kosher" to use your "brand name" if its not a LLC, INC, etc?

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