The part you're dreading, handled on a schedule.
Nobody gets into owner financing because they want to send default notices. But the deals that go sideways are the ones where the paperwork has to be right, and they're also the ones where you're least likely to keep up with it by hand. So Lendiom does the parts that should be automatic and keeps a record of all of it.
What runs without you
Late fees that apply themselves
As many tiers as you need, each with its own grace period, flat or percentage, with a floor and a cap. They're charged the night they come due and de-duplicated, so the same payment can't get hit twice.
Escalation you set once
Days to in-default, days to defaulted. Lendiom applies them on your schedule and writes the date of every step onto the loan, the tract, and the buyer's file.
Your notice, mailed for you
Set the rule and your own letter prints and goes out when a status changes or a specific late-fee tier fires. Certified with return receipt if that's what the situation calls for, address verified before it ships.
Proof it went
Tracking events land on the buyer's file through to delivered, returned, or awaiting pickup. A copy of exactly what was mailed is archived, so a year later you can show what you sent and when.
Grace without breaking the ledger
Move a due date and the late fees that no longer apply clear themselves. Waive a fee even after later payments have already consumed it and the whole thing re-runs correctly.
Recast or refinance instead
Sometimes the right answer is rolling the arrears into principal. You can see the new payment before you commit to it, and the change is recorded rather than quietly overwritten.
Why the record matters more than the letter
If a deal ends up in front of an attorney, the question is almost never whether you meant to send notice. It's whether you can show what went out, to what address, and on what date.
That's the part people lose when they're doing this out of a spreadsheet and a trip to the post office. The letter gets sent and the proof doesn't get filed anywhere you can find two years later.
Certified mail through Lendiom is $8.95, or $11.86 with an electronic return receipt. Document automation needs the Document Builder add-on at $10/month. Full pricing is on the pricing page.
What this isn't
Lendiom is not legal advice and it doesn't track what notice your state requires. Cure periods, notice wording, and what you're allowed to do after default vary a lot, and they're between you and your attorney.
What Lendiom does is make sure the notice you decided to send actually goes out on time, and that you can prove it did.