ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168 
Likes: 4,859
|
Post by ozboy on Jul 16, 2018 22:39:51 GMT
Today 16/7/18 - I kid you not, No Comment :-
"Valuation did not take place due to road accident by the valuer. An alternative valuer is being sought. Purchaser has reconfirmed his commitment to the transaction."
|
|
rogerthat
Member of DD Central
Posts: 2,048
Likes: 1,994
|
Post by rogerthat on Jul 17, 2018 10:34:38 GMT
Today 16/7/18 - I kid you not, No Comment :- "Valuation did not take place due to road accident by the valuer. An alternative valuer is being sought. Purchaser has reconfirmed his commitment to the transaction."Unnn..believable Geoff 
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Jul 17, 2018 11:03:07 GMT
What the valuer caused an accident and is now under arrest? Maybe this is very poor English and should be "the valuer has suffered a road accident?". Life is clearly very dangerous at FS with people dying all over the place causing delays and now valuers are going down as well...and I thought building was a dangerous profession! Amazing how many legal and surveying companies are one-man bands with no backup...
|
|
kielbasa
Member of DD Central
Posts: 246
Likes: 411
|
Post by kielbasa on Jul 28, 2018 17:43:10 GMT
Hard** ***ck were supposed to carry out the valuation for the sale of the property on the 26th.
It's probably a good thing for current lenders that they were appointed as a high valuation would be beneficial and if one looks at the Westbury Castle loans, Hard** ***ck carried out those valuations which turned out to be double the actual realised net sale proceeds. So fingers crossed for a helpfully high valuation.
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Jul 28, 2018 20:57:34 GMT
I am not saying it is right but I have read the valuation was for £4.9m and it sold for £1.5m (seems cheap to me) so the valuation was over 3 times realised.
Just noticed the valuers have at least 2 partners who do (probably the right word) valuations so why didn't the non-injured one do it! This is about the worst valuation I have ever read - no dimensions, no building survery no title inspection - I give up.
Wonder if this one will make the FA League...
|
|
kielbasa
Member of DD Central
Posts: 246
Likes: 411
|
Post by kielbasa on Jul 28, 2018 21:11:40 GMT
I was referring to the FS loans on the Lodge and the Riding School which had net proceeds of half the valuation figures.
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Jul 28, 2018 21:13:34 GMT
sorry my mistake - overvalued loans all over the place and yes I am worried about the Liverpool Busines Centre...
|
|
TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
|
Post by TheDriver on Aug 19, 2018 10:13:23 GMT
This one is over a year late, and I noticed the recent update expects completion in the next 2/3 weeks.
The same "expectation" was expressed in March and June, so let's hope it's third time lucky for this option!
|
|
james21
Member of DD Central
Posts: 651
Likes: 669
|
Post by james21 on Sept 9, 2018 16:51:34 GMT
Think there is a problem with the transaction would have happened by now if it was OK
|
|
btc
Member of DD Central
Posts: 193
Likes: 132
|
Post by btc on Nov 29, 2018 22:54:05 GMT
This year or a different year?
|
|
james21
Member of DD Central
Posts: 651
Likes: 669
|
Post by james21 on Jan 12, 2019 7:48:31 GMT
2 years old now and finally going to default it, if the borrower had any hope of selling or refinancing it would have happened a year ago. Another example of FS at it best; incompetence. What happened to the £124k per annum the borrower is receiving from the tenants?
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Jan 14, 2019 13:08:27 GMT
Loan Reference: 3078439367 - Business Centre in Liverpool - Renewal
Now changed status to "Unredeemed".
|
|
adrian77
Member of DD Central
Posts: 3,920
Likes: 4,145
|
Post by adrian77 on Jan 14, 2019 13:32:36 GMT
yet another disaster ?
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Jan 17, 2019 22:41:16 GMT
2 years old now and finally going to default it, if the borrower had any hope of selling or refinancing it would have happened a year ago. Another example of FS at it best; incompetence. What happened to the £124k per annum the borrower is receiving from the tenants? Only just noticed this james21, have you found anything out, have you asked FS about this?
|
|
ozboy
Member of DD Central
Mine's a Large One! (Snigger, snigger .......)
Posts: 3,168
Likes: 4,859
|
Post by ozboy on Jan 29, 2019 21:15:20 GMT
2 years old now and finally going to default it, if the borrower had any hope of selling or refinancing it would have happened a year ago. Another example of FS at it best; incompetence. What happened to the £124k per annum the borrower is receiving from the tenants? This is a very important and serious issue james21, have you asked FS where the money's gone?
|
|
