Tommy DobczykOpportunity Zone Advisor, OZ Wizard · Director of Development | Certified Opportunity Zone Advisor

Enforcing Contracts: Don't Let Them Rewrite the Rules! #shorts

24 Apr 2026 · 1 min

Watch on YouTube

0:45

Tommy Dobczyk warns lenders that accepting a payment from a borrower 90 days past default resets the note's terms and waives the default. Refuse partial payments, demand full repayment immediately, and enforce the contract strictly, or you've changed the rules of the game.

Chapters

Today in The Deal Room. Oh, can't do that. Why can't we take payment on something now that it's been 90 days outside of default? Because if we do, we reset the terms of the conditions of the note stating that you are in default, you owe us $240,000. So if we accept these funds, we are basically saying, oh yeah, it's okay to take advantage of us. Yeah, you can go ahead and screw up and we are okay with it. And so we have to at every turn turn back to them and say, we're not okay with this. We're not accepting this. Give us all our money now. Your contract is only as good as the provisions let you enforce. Correct. If I, if I, if I bend in any way to that contract, that's the new rules to the contract, right? Just like in, in, in any game that you play, when you change the rules, that's what happens.