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Post by doorway on Dec 29, 2016 14:59:35 GMT
Now marked as Unredeemed. I can't see this builing plot being clearly offered for sale, although this second hand listing seem likely www.vebra.com/details/property/26242660 ...... offers in excess of £425,000. It would be nice to see someone get a grip of trying to liquidate this loan. |
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mikes1531
Member of DD Central
Posts: 6,452
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Post by mikes1531 on Dec 29, 2016 19:01:27 GMT
What I'd like to know is how hard -- if at all -- the borrower tried to get the development finance that was going to allow them to exit the FS loan. If they decided not to develop the land themselves, did they make a serious attempt to find a developer to take the project on?
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r00lish67
Member of DD Central
Posts: 2,691 
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Post by r00lish67 on Feb 18, 2017 9:31:44 GMT
latest update: 17/02/2017
"Legal work for the sael (sic) of the building continues. Buyer has reconfirmed his intentions".
So don't get me wrong, I'm glad there's a buyer, and 6 weeks of legals isn't particularly long in the scheme of things, but I still can't help but find this update irritating in that since the 13th January completion has been scheduled for the end of January. We are now told that legals are meandering on for no stated reason, and not offered any revised date for completion.
Am I being unreasonable to expect a reason for the delay, an acknowledgement that their date is evidently going to slip by a month at least,or a revised completion date?
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