What to do in such a difficult but entirely common position will be discussed later. Very fortunately the vast majority of credits do not turn out like this, and an FHA or VA insured mortgage probably is a mortgage of a pretty sound credit risk. It may be, however, desirable to have the mortgage, banking or realty firm that sold you the mortgage do the collecting for you, even though the service may cost you up to one-half of 1%. They are the ones, not you, who will have to face up to the possibility of death or loss of job on the part of the debtor. If the investor undertakes to receive mortgage payments directly instead of having them serviced by a mortgage or realty company or some other organization, he is bound to run up against this situation sooner or later over the life of the mortgage he holds, when he does not receive his check on the first or second of the month or whenever it is supposed to arrive. The investor at this point must find out what is wrong, either by writing a letter or by telephoning.

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