Mortgage late payment question. sm
Posted By: anon on 2006-02-18
In Reply to:
I have 18 months left on my 30 year mortgage, roughly 4K left. If I don't pay my February 1st payment until March 2nd, is it likely they will demand the whole 4K immediately? Just broke right now. 
Complete Discussion Below:  marks the location of current message within thread
The messages you are viewing
are archived/old.
To view latest messages and participate in discussions, select
the boards given in left menu
Other related messages found in our database
That is my mortgage payment alone - sm
Our expenses for the month are about 5-6K per month.
My mortgage payment is nearly that much. Ten year loan.
Non or late payment
Just giving all MTs out there that a company called med-tech is not paying or paying their employees late. I have done some research on them and have found severla employees complaining of this.
Non or late payment
Gosh! We work hard enough for peanuts as it is!
Beg, borrow, or steal not to have that payment be late!!!
It does not matter how little you have left on it. Late is late in my opinion.
How I solved the late payment issue -
- with most clients I started subtracting a certain amount (or free of charge) for each report that I turned around late (far and few between) even for circumstances out of my control, while at the same time charging them late payment fees. I also started accepting credit cards.
i specifically refinanced my mortgage because my lender transferred my mortgage to a company
that offshores. Ironically, my NEW mortgage co. just transferred me back to the same company that offshores. I can't win.
You don't need a mortgage if you can't eat.
x
If only, if only...Our mortgage alone is 2650.
s
Knowing what my mortgage is....sm
truly keeps me motivated....the mortgage is HUGE....*bites nails*
*lol*
mortgage shopping
Hi, this board is so helpful regarding so many different things, I thought I'd ask about my current dilema. Just sold my home in SE New Mexico, moving to Albuquerque. Obviously a site built home is the easiest one to get a mortgage for at low interest rates (I have excellent credit), but because of the cost I'm also looking at manufactured/mobile homes on their own land and in a park. This is just for me and my dog, so I don't need anything large anyway. Does anyone have any advice regarding buying a modular/mobile home as I have never owned one before? Thank you for any thoughts you might have regarding this.
Put your name on the deed, just not the mortgage
talk to a good loan officer at a bank about the difference.
Info from 2 different mortgage officers.sm
I wasn't implying that you COULDN'T get approved, I was saying that your score would be higher with fewer open accounts, whether or not they were being used.
For most the mortgage/rent is the most expensive.
nm
About 50K in debt not counting mortgage. nm
x
Website address is for mortgage co?nm
x
The Mortgage-Lifter Tomato
A few years ago, I heard the story behind this great garden vegetable and did order some mortgage-lifter seeds from a catalog.
In the 1960s, a gentleman developed/raised mortgage-lifter tomatoes, selling them off for $1.00 each and sold enough to pay off his $6,000 mortgage. Thus, he named them mortgage-lifters.
Granted, it's too late in the year to start this enterprise now, but selling seedlings to gardeners is one way to earn some extra money.
I live in a rural area and do plant a small vegetable garden every year. I start tomatoes from seeds, and usually end up with more plants than I need. Most people I know do purchase seedlings; they don't start out with seeds. My son and I have decided that we will sell seedlings (more than just tomatoes) next spring at a weekly yard sale in our front yard.
Mortgage-Lifter story is here:
http://www.loe.org/shows/segments.htm?programID=05-P13-00038&segmentID=8
ask the mortgage company to produce the note
Just heard about this tactic this week. Most mortgages have been sold and resold and if you ask them to produce the original note you signed on the mortgage most of the time they can't and it will buy you some time. Do a search on it.
Can deduct portion of mortgage, utilities.Equip
x
% of mortgage, water, electric, gas, trash pick-
x
My personal goal is when my mortgage is paid off by half - just 125K to go!
Then I will cut back to part time and let hubby carry me. :-) He makes lots more than I do now anyway.
No payment
Would her name be Nina? If so, I can help with contact information. Please e-mail me at ellen1@mindspring.com with MT no payment in the subject line
One payment
Look at your 1040 and you will see that your taxes owed include SS and Federal. So when you make your estimates it is only one check.
non payment
infovision software, Kolkata, is not paying my dues (salary + others), resigned during Feb, now it April, Can any good fellow suggest anything? Not only me there are at least 50 MTs i know , who are also not paid after working with them.
payment for VR
So the account I work on has just purchased a voice recognition software. I see that a lot of the VR is paying about 4.5 to 5 ( and higher ) cents per line. Does this include the whole line or just the editing corrections you actually do for them? Please tell me that it is all the lines on the page. How could it be calculated any other way? I actually don't know yet if I will even be getting the installation as there are a lot of MTs working on this account & don't see how there could possibly be enough room for all of us. I might just have to work in another part-time job. Thanks.
Payment
Just wondering what alternatives there are when you don't get paid for work that was done and it's been months!!!! Two people (individual MTs) owe me money from back in February and I can't get them to respond, etc. HELP!!
Just ask for payment - with interests
1 .If you have no contracts - you have been doped.
2. If you have a contract -
Use it legally.
3. Stop all transcriptions at once until they have paid.
4. Report to the AAMT the incident with the contract, work loads, time and date.
MTSO payment
I am a very small MTSO as most are aware and I always pay my gals prior to mortgage,electric or anything. But I also want you guys to know that all of these fringes that you guys want, 800 numbers, direct deposit, etc. cost us money and the more money we have to put out the less money we can pay you. I do not feel that you should be so upset about direct deposit, if you get you checked maile don time and it takes the mail 2-3 days you have to allow for that in your budget. I do not make that much off my IC's 2 to 3 cents per line and I put in a lot of work to make that 2 to 3 cents per line. We have expenses to cover also. If we charge our accounts more, they will look elsewhere or over to India they go. So we have to charge fairly to the accounts and pay you guys fairly also. Remember the saying -- until you walk a mile in my shoes, don't critize. I am seriously thinking about cutting back to working only for myself, making enough to cover my bills and retirement fund and let go of a couple of accounts and gals as it gets quite hectic balancing the amount of work -- either too much or not enough -- payments, QA, decent help and just keeping my sanity. So that is where I am probably headed after the first of the year. I think I simply want to be responsible for just me in this coming year. Hope all have a Merry Christmas.
It is a scam. I got one that says I never sent payment and they
are going to report me, but it doesn't say what the item is. I've also gotten one where someone says they are trying to Paypal me money but it won't go through and I don't have any items pending. If ever in doubt never click on a link in an e-mail but go directly to the website and enter/view any information there.
Billing/payment
On my larger accounts I close out on the 25th to 28th, since I keep daily line counts in an Excel program, I print that out, do my bill in Quick Books, get the bill to clients by 28th to 29th, I give a 1% discount on my larger accounts if they pay within 48 hours and they do so I have my checks always by the 1st. I have two smaller accounts that I bill on the 15th so I have cash flow throughout the month. I have never been stiffed, they have never been late, they never question my line counts and always write thank you on the invoice. This works for me. I know everyone says don't give away 1% as a discount but it works for me so I do it.
with what you are getting in terms of payment...
Then outsources like us are getting ripped off...
I barely make $5 for 8 hours.. you think that's fair. .. cause I sure *&%# don't.
Thank you!! I did request a stop payment and a nm
wire transfer or overnight but have had no response yet but it hasn't been that long either. Waiting for a response. I did email someone else who also works for them but no response from that yet either. My point is exactly as you said, being a week late, i am in deep trouble and it has costed me a lot as i go from check to check so like me and my kiddos are starving waiting on this check, lol. on the other hand, i make good money with this acct and don't want to tick them off as i love this acct but i am in a bind needing my money.
Payment to Santa's House
Here is the transaction number that Paypal gave me ...
December 2, 2005, $10.00 to MT Stars for Santa's House
# 1AF41998N6331691A.
Thank you
pagett4584@comcast.net
I agree but ask for full payment
good luck
...maybe incentive pay like OT or payment for bonus
s
Should I make the car payment, pay the electricity, or
buy a few small Christmas presents for the kids? Of course, the electric company won't wait one more week to get their money.
The Jan. 15 payment is for last quarter in 2007.
x
I ask for partial payment upfront if they were
Make a tax payment every pay period online.
I use the Electronic Federal Tax Payment System because I also am incapable of saving money. When I deposit my paycheck, I immediately go online and transfer a percentage of my check to the IRS. You can do it weekly, biweekly, quarterly--anytime you choose. It requires setting up an account with your SS# or tax ID#. Then you designate a bank account to be debited. They snail mail you a password and PIN about a week later. As soon as you receive your PIN, you're set to go. When you make a payment, you're given a confirmation number. The system records each payment and the date it was processed so you have a record of all your payments and the date the payment was made when you organize your tax info at the end of the year.
You have no obligation to assist in college payment.
I don't understand why so many parents these days insist on handing their kids an education while going into debt over it. My nephew had to work and find scholarships to go to college. My Dad worked the railroad to pay for his college. I'm still paying for my own college, and I've got a kid ready to start college in two years. I told him I'm not paying for it. He needs to get his grades up, find some scholarships, and work. You don't appreciate something you don't earn.
Your son will get a reality check when his bills are due.
Dud you send a demand payment letter? sm
You can find a sample one by Googling.
If you do win in small claims court, the judgement will give you legal ways to collect. For example, having the sheriff put liens on bank accounts, using a collection agency, etc.
Good luck to you. I have been in your shoes and, fortunately, the demand payment letter worked for me.
agree - haven't had a car payment in years
paid $6000 cash for a 93 Volvo wagon back in 2002. Too many people think they need a new (or pricey) vehicle and really have better things to do with their $400-600 per mo. Every time I look into getting something new or simply newer, I decide that I neither want to take that much money out of savings, nor do I want to have such an outrageous car payment. I would totally prefer a brand new car, but it seems like such a waste of money.
Try calling back about a payment agreement.
deal with compared to my state department of revenue! I owed taxes over $10,000 in taxes two years in a row to the IRS, so over $20,000, and they let me make payments on it and I got it paid off. I also got the INTENT TO LEVY notices, but when I called and set up a payment agreement they stopped with the threats.
Right now I owe the IRS about $5000 and when I called to set up payments I asked them if I could make payments of $150 a month and they accepted that without question. I was a little afraid to suggest such a small amount, but they took it.
Now my state department of revenue is much meaner than the IRS. They told me to pay what I owe them in six months or else. They put a lien on my house. They will only accept payments if I take the total and divide by 6 and pay that amount each month (impossible for me to pay that much) so I am just in a holding pattern seeing if they are bluffing or if they really are going to do something.
I'd say if you really have nothing of value the IRS can get, then it is to their advantage to work with you. I think you just got a bad agent. Call back and try to get another one that will work with you.
Thank you. As long as we accept payment like that, they will continue to do it.
If we do not accept jobs that pay without spaces, then they will realize that we are not going to continue to do something for nothing. How many of you do several things throughout the day at no charge? Now this...
Prepaid Visa Card for payment
Has anyone used a prepaid Visa card for receiving payment for work? Is this safe? Thanks
No you are not! I'm a single mom and I'm trying to make a house payment, pay utilities.... SM
buy groceries, and provide for my two kids all on one paycheck. I recently got a job doing QA and getting paid per hour and that has helped me tremendously, but I know how it is to scrape by on 8 cpl, low line counts due to a number of factors that work against us (high ESL accounts, technical difficulties, and interruptions). It isn't worth shelling out $300 for certification when you get very little in return not to mention the $300 could be better spent on clothes for the kids or to pay the electric bill or to buy groceries, etc.
We should be treated better than slave labor! It's ridiculous and very discouraging to say the least. Hang in there! I've been studying coding on my own and I'm about confident enough to take the CCS exam. After that, I may move on to RHIT, but that means back into the office. So we'll see.
Agree, checks not definitive proof of payment.
x
Send him a certified letter with bill demanding payment within
within five days from receipt (make it RRR). You have your proof that you notified him. If it is not picked up or signed for, you have your proof that occurred to. All these things go in your favor when trying to collect money. that's just a starter. I would never have let him get away with it this long. Once would have been it.
Dell will finance at a very reasonable rate, just bought one and my payment is $50 a month with no i
just start charging interest. I am using my IC job to pay it off. Medquist does furnish computer, Amphion furnishes but with a monthly fee that is refunded at the end of a year's employment, I think.
Send a letter of demand payment (check Nolo Law websites) - sm
to find any legalese you may want to include on it), and send it via Registered Mail, so that she must sign for it and you will get a receipt proving she received it. If she doesn't pay by your demand date, file a claim at Small Claims Court. Very inexpensive, and if she doesn't pay, and doesn't show up at court (in your state), you win by default. If still no payment, you can return to Small Claims and put a lien on her car, her house, anything you want, which can be forcibly confiscated by the Sheriff and then you can sell it to recoup the money owed to you.
Too late now, but what you should have done...
You probably should have deprived yourself of sleep last night and slept today, or better yet a couple nights in a row, just cleaning house or something to keep you "awake" so you can get a jump start on training your sleep cycle.
It is SO hard to do this job sleep deprived because it is so sedentary. I can easily stay up 24 to 35 hours as long as I'm doing something physician and nonbrain-taxing.
If you find yourself nodding off, take a 45-minute nap. I'm sure your employer will understand this is something hard to go into "cold turkey."
Good luck!
|
