arby
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Post by arby on Jun 25, 2019 15:48:44 GMT
I think this is one of the few loans most of us would be happy to have drag on for a while longer. Even the supplemental loan... However, the number of loan repayments I've had in the last month is certainly a welcome reminder that FS can be a decent source of return (in some cases) Do you still think that way ? I wish they'd get on with it and foreclose. Yes, but my previous post prior to that in this thread explains why I don't believe any loan is risk free.
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adrian77
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Post by adrian77 on Jun 25, 2019 15:50:20 GMT
what - not another one who has done a Chuka?
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iRobot
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Post by iRobot on Jun 25, 2019 16:40:07 GMT
Rightmove now shows "Sold STC". Lets hope the STC doesn't change in a months time after valuation/negotiation completed. Still showing as STC on RM. Maybe the EA knows where the AB is. (AB = Absent Borrower  )
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rs
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Post by rs on Jul 26, 2019 12:22:11 GMT
Positive Update from FS just now.
We have been advised by the Borrowers Solicitor that completion of this loan is due to take place 12th August 2019.
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arby
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Post by arby on Jul 26, 2019 14:16:22 GMT
Positive Update from FS just now.
We have been advised by the Borrowers Solicitor that completion of this loan is due to take place 12th August 2019.
I wouldn't bet my life on the word of a borrower's solicitor based on other FS updates, but I'm more than happy to bet my stake in this loan on it...
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arby
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Post by arby on Aug 12, 2019 15:28:26 GMT
At least one of the apparent 'safe bet' ones has successfully closed!  |
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susan
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Post by susan on Aug 12, 2019 15:35:18 GMT
Fab news !! My biggest investment with FS has just paid up.
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michaelc
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Post by michaelc on Aug 12, 2019 15:59:36 GMT
Yes very good result. Had four figures (just) invested so pleased to see that.
Also good to see the last update was a genuine one.
26 July:
We have been advised by the Borrowers Solicitor that completion of this loan is due to take place 12th August 2019.
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james21
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Post by james21 on Aug 12, 2019 16:41:29 GMT
Importantly it gives FS some revenue towards paying the bills which they have very little of at the moment
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