Top Ten Excuses(I’ve Gotten) For Not Making Mortgage Payment

Tax Liens & Mortgage Notes
2yFollow

Top Ten Excuses(I’ve Gotten) For Not Making Mortgage Payment

Don KonipolBusiness Member
Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes

TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

10. I thought my ex wife made the payment

9. I already made 12 payments last year

8. I’m thinking of selling the property

7. My dog needed his teeth cleaned

6. My tenant stopped paying the rent

5. I was out of town and didn’t have access to my finances

4. The bank froze my funds because I’m a vegetarian

3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

mortgage

2. The electric bill came in kinda sudden last month

1. I need to rebalance my checking account before I can consider paying any bills

Private Mortgage Financing Partners, LLC
WebsiteView Page
7Reply
28 views

Most Popular Reply

Chris SeveneyBusiness Member
Moderator
Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
2y
Quote from @Don Konipol:

TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

10. I thought my ex wife made the payment

9. I already made 12 payments last year

8. I’m thinking of selling the property

7. My dog needed his teeth cleaned

6. My tenant stopped paying the rent

5. I was out of town and didn’t have access to my finances

4. The bank froze my funds because I’m a vegetarian

3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

mortgage

2. The electric bill came in kinda sudden last month

1. I need to rebalance my checking account before I can consider paying any bills


 11. I got covid 27 times

12. I was a victim of identity theft

13. My old mortgage company went out of business so I no longer owe this money

14. I sent in a money order already. Not my problem you did not get it.

15. My friend told me I should not pay anymore to negotiate better loan terms. 

16. I was in prison.

7e investments53 Reviews
WebsiteView Page
3Reply
See this reply in the discussion

11 Replies

Jump to latestLatest
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Don Konipol:

    TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

    10. I thought my ex wife made the payment

    9. I already made 12 payments last year

    8. I’m thinking of selling the property

    7. My dog needed his teeth cleaned

    6. My tenant stopped paying the rent

    5. I was out of town and didn’t have access to my finances

    4. The bank froze my funds because I’m a vegetarian

    3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

    mortgage

    2. The electric bill came in kinda sudden last month

    1. I need to rebalance my checking account before I can consider paying any bills


     11. I got covid 27 times

    12. I was a victim of identity theft

    13. My old mortgage company went out of business so I no longer owe this money

    14. I sent in a money order already. Not my problem you did not get it.

    15. My friend told me I should not pay anymore to negotiate better loan terms. 

    16. I was in prison.

    7e investments53 Reviews
    WebsiteView Page
    3Reply
  • Chad U.
    Investor · Boca Raton, FL · Member since 2012 · 1k+ posts · 1k+ votes
    2y
    Quote from @Chris Seveney:
    Quote from @Don Konipol:

    TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

    10. I thought my ex wife made the payment

    9. I already made 12 payments last year

    8. I’m thinking of selling the property

    7. My dog needed his teeth cleaned

    6. My tenant stopped paying the rent

    5. I was out of town and didn’t have access to my finances

    4. The bank froze my funds because I’m a vegetarian

    3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

    mortgage

    2. The electric bill came in kinda sudden last month

    1. I need to rebalance my checking account before I can consider paying any bills


     11. I got covid 27 times

    12. I was a victim of identity theft

    13. My old mortgage company went out of business so I no longer owe this money

    14. I sent in a money order already. Not my problem you did not get it.

    15. My friend told me I should not pay anymore to negotiate better loan terms. 

    16. I was in prison.

    17. My mother died (again)
    18. My father died (again)
    19.  I had to pay the property taxes
    20.  I owe the IRS money and didn't want them to know I had any excess cash.
    21.  I paid this mortgage off years ago.
    22.  The bank charged this loan off so I no longer owe it.  

    23.  I was in the hospital (again)

    1Reply
  • Chris SeveneyBusiness Member
    Moderator
    Investor · VA · Member since 2015 · 21k+ posts · 19k+ votes
    2y
    Quote from @Chad U.:
    Quote from @Chris Seveney:
    Quote from @Don Konipol:

    TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

    10. I thought my ex wife made the payment

    9. I already made 12 payments last year

    8. I’m thinking of selling the property

    7. My dog needed his teeth cleaned

    6. My tenant stopped paying the rent

    5. I was out of town and didn’t have access to my finances

    4. The bank froze my funds because I’m a vegetarian

    3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

    mortgage

    2. The electric bill came in kinda sudden last month

    1. I need to rebalance my checking account before I can consider paying any bills


     11. I got covid 27 times

    12. I was a victim of identity theft

    13. My old mortgage company went out of business so I no longer owe this money

    14. I sent in a money order already. Not my problem you did not get it.

    15. My friend told me I should not pay anymore to negotiate better loan terms. 

    16. I was in prison.

    17. My mother died (again)
    18. My father died (again)
    19.  I had to pay the property taxes
    20.  I owe the IRS money and didn't want them to know I had any excess cash.
    21.  I paid this mortgage off years ago.
    22.  The bank charged this loan off so I no longer owe it.  

    23.  I was in the hospital (again)


     Forgot the 

    When I spoke to you, you told me I did not have to pay...

    7e investments53 Reviews
    WebsiteView Page
    1Reply
  • Dan DeppenBusiness Member
    Erie, CO · Member since 2017 · 274 posts · 267 votes
    2y
    Quote from @Chris Seveney:
    Quote from @Don Konipol:

    TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

    10. I thought my ex wife made the payment

    9. I already made 12 payments last year

    8. I’m thinking of selling the property

    7. My dog needed his teeth cleaned

    6. My tenant stopped paying the rent

    5. I was out of town and didn’t have access to my finances

    4. The bank froze my funds because I’m a vegetarian

    3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

    mortgage

    2. The electric bill came in kinda sudden last month

    1. I need to rebalance my checking account before I can consider paying any bills


     11. I got covid 27 times

    12. I was a victim of identity theft

    13. My old mortgage company went out of business so I no longer owe this money

    14. I sent in a money order already. Not my problem you did not get it.

    15. My friend told me I should not pay anymore to negotiate better loan terms. 

    16. I was in prison.


     I got 12 recently, 14 I see a lot.

    1Reply
  • Karl B.
    Rental Property Investor · Erie, PA · Member since 2015 · 1k+ posts · 2k+ votes
    2y

    These fun answers make me want to be a lender now. This was epic:

    7. My dog needed his teeth cleaned

    That is great. 

    Here are the best reasons I've heard from tenants who were late on rent:

    -'My son used my debit card on some Christmas presents for himself and I just found out and am canceling the orders. Once the money is back in my account I'll send the rent money'

    -'My car ---- the bed and needs fixed'

    -'The storage facility I have some stuff in charged my credit card 10X what they should have'

    -We had an unexpected bill'

    -'My credit card/debit card/bank account got hacked' (this one has happened multiple times to different tenants)

    -'I got another job that pays better'

    1Reply
  • Kelly Sennholz
    Denver, CO · Member since 2012 · 292 posts · 164 votes
    2y

    Franklin D. Roosevelt: “The best customer of American industry is the well paid worker.”

    1Reply
  • Don KonipolBusiness Member
    OP
    Investor · The Woodlands TX / Avon, CT · Member since 2009 · 6k+ posts · 10k+ votes
    2y
    Quote from @Chris Seveney:
    Quote from @Chad U.:
    Quote from @Chris Seveney:
    Quote from @Don Konipol:

    TOP TEN EXCUSES (I’VE GOTTEN) FOR NOT MAKING MORTGAGE PAYMENT

    10. I thought my ex wife made the payment

    9. I already made 12 payments last year

    8. I’m thinking of selling the property

    7. My dog needed his teeth cleaned

    6. My tenant stopped paying the rent

    5. I was out of town and didn’t have access to my finances

    4. The bank froze my funds because I’m a vegetarian

    3. I kinda sold the property and the guy who kinda bought it was kinda supposed to pay the

    mortgage

    2. The electric bill came in kinda sudden last month

    1. I need to rebalance my checking account before I can consider paying any bills


     11. I got covid 27 times

    12. I was a victim of identity theft

    13. My old mortgage company went out of business so I no longer owe this money

    14. I sent in a money order already. Not my problem you did not get it.

    15. My friend told me I should not pay anymore to negotiate better loan terms. 

    16. I was in prison.

    17. My mother died (again)
    18. My father died (again)
    19.  I had to pay the property taxes
    20.  I owe the IRS money and didn't want them to know I had any excess cash.
    21.  I paid this mortgage off years ago.
    22.  The bank charged this loan off so I no longer owe it.  

    23.  I was in the hospital (again)


     Forgot the 

    When I spoke to you, you told me I did not have to pay...

    Here are some that I’ve gotten that did not make my top 10 list (honorable mention)

    1. I was going to pay but when you asked for the payment you pissed me off

    2. My wife pays all the bills and we got divorced

    3. My wife has a new boyfriend. Get it from him.

    4. My budgeting didn’t work out

    5. In the grand scheme of things is my mortgage payment really going to matter? 
    Private Mortgage Financing Partners, LLC
    WebsiteView Page
    2Reply
  • Jay HinrichsBusiness Member
    Real Estate Consultant · Summerlin, NV · Member since 2014 · 45k+ posts · 66k+ votes
    2y

    tenant

    1. Gave it to the guy in the Green truck he said he was the new owner .

    borrower

    project ran over budget. 

    Podcast Guest on Show #222
    JLH Capital Partners51 Review
    WebsiteView Page
    1Reply
  • Eric James
    Investor · Malakoff, TX · Member since 2017 · 2k+ posts · 2k+ votes
    2y

    Sounds like you might want to change your lending criteria.

    0Reply
  • John Sayers
    Specialist · Austin, TX · Member since 2017 · 137 posts · 109 votes
    2y

    @Don Konipol

    " 4. The bank froze my funds because I’m a vegetarian "

    Outstanding! Prize worthy really.

    1Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free