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PLP-098: 6 Warning Signs Your Borrower May Be In Trouble

6 Warning Signs Your Borrower May Be In Trouble Sudden lack or stoppage of regular communication Late payments/returned They ask you if you can lend them “just a little more” You have to chase them for an update They don’t want you visiting the property Talk about changing exit strategies that require you to “stay…

PLP-065 Late Penalties And Why You Need To Enforce Them

PLP 65 | Late Payment Penalties

  Many people get struck by the question from private lenders about utilizing their right to charge penalties for late payments and to which extent. Two of the facts to remember are there is a late payment after the grace period legally stated in a signed contract, and the promissory note backed by the deed…

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