OK ??? I got screwed by the company that managed my properties for me big time. to make a long long story very short, I got rid of them and now have to eat their SH1T. well..... my wife was Ill, I am moving, lotsa studd going on... My former manager got all the rent checks... and is withholding them from me.. I DID NOT MANAGE TO PAY THEM ALL BY THE PAYOFF TIME TODAY. am I screwed for life?? will they all report 30 days late, which will not allow me to refi and get all my CC limits lowered? is there anything I can do?? will paying them all now (tonight before midnight) if they wont "post" until tomorrow, help?? help!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
I DID NOT MANAGE TO PAY THEM ALL BY THE PAYOFF TIME TODAY. ???? Pay who??? THE PAYMENTS FOR THE PROPERTIES??? "IF" you have NO rent checks...how can you pay??? (unless you have reserves) Do you expect to get any RENT CHECKS???
I DID NOT MANAGE TO PAY SOME OF THE BANKS THE MORTGAGES! TOMORROW THEY ARE 30 PAST DUE!!! THE RENTAL CHECKS FOR THE UNITS ARE BEING HELD "HOSTAGE" BY THE FORMER MANAGER.... I WILL BE GETTING REPLACEMENT CHECKS, BUT THOSE HAVEN'T ARRIVED YET! IN THE MEANTIME, I GOT MONEY TODAY TO PAY THEM FOR THE MONTH.... BUT I DID NOT GET IN BY THE "CUTOFF (4 P.M.?? OF SOME BANKS DEADLINES.) MY SCORES WILL FALL.... MY CC LIMITS WILL GO DOWN... I WONT BE ABLE TO RE-FI MY LOANS... OR BUY MORE PROPERTY IN THE FUTURE... UNLESS I FIX THIS SOMEHOW.
CALL AND TELL THE MORTGAGE HOLDERS THE STORY... Tell them about the "THEFT" of the rent payments (THAT IS WHAT IT IS...THEFT)
MY SCORES WILL FALL.... MY CC LIMITS WILL GO DOWN... I WONT BE ABLE TO RE-FI MY LOANS... OR BUY MORE PROPERTY IN THE FUTURE... UNLESS I FIX THIS SOMEHOW. You are ASSUMING!!! With RNG...who knows????
I HIGHLY suggest calling the mortgage companies tomorrow. I have several properties (and hence, mortgages) and I have generally found that they can be very accomodating as long as they know in advance of a problem. Most of the time, the CSR can help you out. If not, ask to speak to their Manager. I have NEVER had a problem that a Manager didn't fix. Make sure that they electronically note on your account the outcome of your conversation (One time I sent two checks for two separate mortgages and one did not get credited. I called and it was resolved, but several months later showed up on my credit. Because they had documented my conversation in my electronic file, when I called to resolve the issue it only took about five minutes.) Don't freak out, this should be a pretty easy resolve.
