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Post by defaultinator5000 on Feb 16, 2020 16:33:20 GMT
It does seem to be - as with all these fraudulent lendings/valuations - that the final returned to lenders is 50%. (If youre very lucky!!). In other words, theres too many properties that return 50% of what the 'valuations' were. I find that suspicious. And troubling. To say the least. I will refrain saying what I actually think it is. It's funny, innit. If a valuation is out by a large margin, then it is not a valuation at all. And a great part of the loan book seems to be plagued by this problem...
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adrian77
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Post by adrian77 on Feb 16, 2020 19:07:45 GMT
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damn right - I think most of us have our theories as to what was actually going on here - I am sure the truth will soon come out and it won't be pretty!
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ozboy
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Mine's a Large One! (Snigger, snigger .......)
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Post by ozboy on Feb 16, 2020 20:42:48 GMT
Jail Time will be VERY pretty.
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Godanubis
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Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Feb 16, 2020 22:06:41 GMT
. damn right - I think most of us have our theories as to what was actually going on here - I am sure the truth will soon come out and it won't be pretty! Dear Adrioz please enlighten us as to what number is "Too Many". I take it that is a very very small number < 3% -5%
I'm sure you can list them if that number is higher out of the Hundreds of loans that have paid back to Date.
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adrian77
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Post by adrian77 on Feb 16, 2020 22:26:31 GMT
watch this space ...
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shimself
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Post by shimself on Feb 25, 2020 16:53:24 GMT
If you look at the valuation, it seems that the premises looked to be full-ish, rental net 80Kpa, the valuation on that basis seems reasonable. Maybe the truth is that the rentals were a lot less than advertised?
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adrian77
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Post by adrian77 on Feb 25, 2020 17:17:48 GMT
surely not ! I think the final rental income was zero as this was sold empty...also what happened to the rental income!
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