An update on how things have gone w. 21st Mortgage.
Their abandoned home in our community was in such bad shape, we literally could not get any of our repair crews to bid on it. Finally the 21st Mortgage re-marketing person said he had a crew that could get us a bid. Upon seeing the home, even that guy refused to bid. So that left us with an eyesore in the middle of our community.
The 21st Mortgage guy strung us along for months saying they would pay the back rent. They never did. Then, 21st Mortgage conveniently ‘lost’ the initial notice we sent them to start the clock ticking about owing rent, and they refused to pay anything. Then they came back with “I can pay you $1,000, or else things get real ugly.” (This was not a personal threat, this was a reference to their filing a writ to just take the home out of our community without paying any back rent at all.)
At that point, we told the re-markeing person we’d need advice from our attorney, and that they were not to move the home. The re-marketing guy agreed to not move the home while we waited to hear back from our attorney. The very next morning they tried to move the home without paying…! We had our manager block the home with a truck to prevent it’s being moved.
This was the final straw with 21st Mortgage and their lies. That afternoon we had our attorney file a possessory lien for the full amount of back rent - $1,750. Two days later, 21st Mortgage called and wanted to know where to mail the check for payment in full…!
We played hardball and won. Our biggest mistake was not doing so sooner.
Your mileage may vary, but we’d encourage you to stand up to 21st Mortgage; file liens on their homes in your communities, get yourself paid in full every penny they owe you.
As a Berkshire Hathaway shareholder, it saddens me to see a company like this in the portfolio that engages in deceptive business practices.
My 2 cents worth,