webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Aug 13, 2015 15:06:28 GMT
Any thoughts on this one? I imagine that if the loan defaults disposing of a half finished boat could be slow and difficult. It would be helpful if we had some information about the borrower, eg is this his only asset?
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ilmoro
Member of DD Central
'Wondering which of the bu***rs to blame, and watching for pigs on the wing.' - Pink Floyd
Posts: 10,906 
Likes: 11,128
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Post by ilmoro on Aug 13, 2015 15:30:55 GMT
Any thoughts on this one? I imagine that if the loan defaults disposing of a half finished boat could be slow and difficult. It would be helpful if we had some information about the borrower, eg is this his only asset? True. Not entirely clear what the cash is for, funding the refurb? Seems a lot of uncertainty in the valuation. Ive already got a potential default on a yacht refurb so only put in a small punt. {NPI} Meanwhile, in the absence of Grumps, our resident nautical cove, here's another boat lover prepare to repel webwiz
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webwiz
Posts: 1,133
Likes: 210
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Post by webwiz on Aug 13, 2015 16:28:12 GMT
You will be pleased to know that I have dried out now.  |
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