Likely selling the ranch...

[Brent S]

The one thing 50plus years on this earth has taught me is to not make major decisions during an emotional time. How your feeling, and the wife, right now will change in time. Anything major like relocating or selling off your homestead should be a long thought out decision.

 

[Gazrok]

Oh, I agree Brent. And good advice.

 

[TexasFreedom]

G,
Something to consider with the wife. If she wants to handle it, fine. But add a stipulation that if they miss more than 1 payment date, you take it over. And with the understanding that you'll take them to court with every fee you can think of. Make sure she tells them that stipulation to help motivate them to stick to the plan. Also, she needs to make sure she writes a contract update with the new payment plan and with these stipulations. Get them to sign it. Signed contracts & revisions are great in court, and when a judge sees that you were lenient and they still screwed you then you'll look even better.

 

[DrHenley]

In the contract, you specify how long they can be in arrears before you evict. Then you get a security deposit up front that covers that period of time plus a hefty penalty. You won't have to collect or go to court because you've already got the money from them to cover the missed payments plus penalty.

 

[Gazrok]

In the contract, you specify how long they can be in arrears before you evict. Then you get a security deposit up front that covers that period of time plus a hefty penalty. You won't have to collect or go to court because you've already got the money from them to cover the uote]missed payments plus penalty.

What we typically do, but they had a hardship, and we were lenient on her for longer than we should have been. Hence this mess.

 

[tmttactical]

@Gazrok Old saying --- No good deed goes unpunished. OR Good guys finish last.

 

[Gazrok]

Yeah, I know.