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

Don Konipol
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Posted Mar 13 2024, 12:34

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

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Chris Seveney
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Chris Seveney
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Replied Mar 14 2024, 05:44
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.

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Chad U.
  • Investor
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Chad U.
  • Investor
  • Boca Raton, FL
Replied Mar 14 2024, 06:45
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)

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Chris Seveney
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Chris Seveney
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Replied Mar 14 2024, 06:54
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...

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Dan Deppen
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Dan Deppen
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  • Erie, CO
Replied Mar 14 2024, 07:21
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.

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Karl B.
  • Rental Property Investor
  • Erie, PA
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Karl B.
  • Rental Property Investor
  • Erie, PA
Replied Mar 14 2024, 07:24

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'

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Kelly Sennholz
  • Denver, CO
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Kelly Sennholz
  • Denver, CO
Replied Mar 14 2024, 09:17

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

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Don Konipol
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Don Konipol
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Replied Mar 14 2024, 14:09
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? 

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Jay Hinrichs#4 All Forums Contributor
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Jay Hinrichs#4 All Forums Contributor
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Replied Mar 15 2024, 05:06

tenant

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

borrower

project ran over budget. 

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Eric James
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Eric James
  • Malakoff, TX
Replied Mar 15 2024, 09:02

Sounds like you might want to change your lending criteria.

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John Sayers
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John Sayers
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Replied Mar 20 2024, 14:50

@Don Konipol

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

Outstanding! Prize worthy really.