hazellend
Member of DD Central
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Post by hazellend on Aug 25, 2017 9:47:32 GMT
How could the property have been sold if the mortgage company had been told not to allow it?
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Post by ablrate on Aug 25, 2017 13:20:25 GMT
We cannot comment further. Our legal advisors are fully aware of the house situation but we cannot comment any further as this would compromise us. We believe the person monitors thus forum.
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ptr120
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Post by ptr120 on Aug 25, 2017 13:23:42 GMT
We cannot comment further. Our legal advisors are fully aware of the house situation but we cannot comment any further as this would compromise us. We believe the person monitors thus forum. If you can't comment on this forum can you email investors with an update?
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Post by ablrate on Aug 25, 2017 13:55:45 GMT
I will send out an update later today but won't be making any comments here. Sorry we are at an advanced stage and any comments can affect where we go from here. We are by far the biggest creditors in this loan with fees in the tens of thousands.. public commentary is just fueling the person involved so we won't be making any further comments here in this loan.
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littleoldlady
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Running down all platforms due to age
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Post by littleoldlady on Aug 26, 2017 17:54:22 GMT
In view of Abl's comments above would it be possible to set up a pink sub forum a la Assetz?
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Post by GSV3MIaC on Aug 26, 2017 20:32:11 GMT
/Mod hat on, in solo mode though (i.e. I haven't done the full 'does the team think'..)
Technically it is possible, however:-
a) It's quite a bit of work, especially for the platform who have to OK all the membership, having checked that they are real lenders (or borrowers). So you'd have to 'ask ABLRATE', (as well as the admin team, who now know how much extra work it is for them too).
b) I doubt ABLRATE would like to discuss this particular instance openly, even 'behind closed doors', given that (while not accessible to Google) it is still fairly easily accessible to anyone who cares to sign up at the platform. If you look on the AC pink pages you will still see several 'don't talk about it' instances where the legal eagles are at work.
Which is a long-winded way of saying 'Yes, but probably no'. ABLRATE could, of course, provide their own 'protected discussion area' (as some platforms do).
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hazellend
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Post by hazellend on Aug 26, 2017 21:29:57 GMT
It is very clear to me that ABLrate are doing everything possible here.
Their efforts are frustrated by an inept court system and a borrower who has no moral boundaries.
I suggest we just stop talking about this now and let them get on with it. If we get nothing back it is not due to lack of effort.
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Post by cpaken on Aug 27, 2017 12:31:55 GMT
The villain is now operating without a lawyer so the odds are he's already short of cash. I expect his cousin will own the house (it's that we are relying on isn't it?), and has sold it to a friend in Tierra del Fuego. I just hope the law won't be made an ass of. I think he's saving the legal costs because he knows even if he loses the case there's not much can be taken from him.
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Post by cpaken on Aug 27, 2017 12:42:09 GMT
Can anyone tell me how is it possible that he managed to sell his house when there's a freezing order in place?? So he now has £1.2m in his bank, surely there must be a way to limit the access on his bank account?
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ptr120
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Post by ptr120 on Sept 13, 2017 13:37:03 GMT
Hi ablrate I notice that the company is still showing as disolved on the companies house website. Please can you provide, by email if necessary an update on this?
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Post by ablrate on Sept 13, 2017 14:07:37 GMT
Hi ablrate I notice that the company is still showing as disolved on the companies house website. Please can you provide, by email if necessary an update on this? Hi As per the last email, this is included in the next hearing. Regards Ablrate
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ptr120
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Post by ptr120 on Sept 13, 2017 15:25:52 GMT
ablrate thanks for the reply. Do we have a date for the next court date yet? It might also be helpful of details were added to loan comments?
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registerme
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Post by registerme on Oct 12, 2017 11:06:41 GMT
A good update just arrived by email.
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ptr120
Member of DD Central
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Post by ptr120 on Oct 12, 2017 11:12:31 GMT
An update, yes - but a good one? I think that we are a long way from seeing our funds back - if we ever see them again!
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mickj
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Post by mickj on Oct 12, 2017 11:21:51 GMT
A step in the right direction and positive, well done Ablrate.
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