Posted by Anne_ND on May 18, 2006 at 08:21:29:
I know the frustration of late payors from afar. You could sell the note, but you might want to at least have the guy served with a pay-or-quit just to see if you can roust him out of the woodwork so you can talk.
Maybe he’s figured out that you left town and is testing the waters to see just how far he can go.
I recently had a payor ask if he could skip a payment and add it on to the end of his note- death in the family, blah, blah, blah, he just thought I’d be the softest touch. I said “sure, but we’ll add TWO payment on to the end of the note”. He wasn’t thrilled but he agreed to it.