Dealing with Delinquent Borrowers. Start out right.

What if you aren't paid?

It is VERY important that your borrowers understand that you expect to be paid on time. There is an old saying, "When you lend people money you're an angel. When you ask for it back you're the devil."

While you can sympathize with their problems. (Yes I really do understand how important it was that you have a new big screen TV). 
BUT...This is a business. Just try paying YOUR home mortgage late and see how much sympathy you get. And banks probably have more money than you have.

It's your money and you are entitled to get paid back ON TIME.

[Collecting mortgage payments. Your options] [Print payment coupons] [Collecting mortgage payments. Statements] [Collecting mortgage payments. The minimum.] [Collecting mortgage payments. When to do nothing.] [tax returns] [If not paid. Start out right.] [If not paid. This is not a charity.] [If not paid. What your attorney needs.] [If not paid. Foreclosure law] [Mortgage Foreclosure Law second mortgages] [If not paid. The legal steps.] [If not paid. Sample documents.] [Calculate foreclosure losses] [Non-Judicial Foreclosures] [Calculating a mortgage payoff]

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