lobster
Member of DD Central
Posts: 636
Likes: 467
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Post by lobster on Sept 3, 2018 6:56:04 GMT
"Although interest will be charged monthly on the entire loan from drawdown, the loan will be held in
an escrow account pending completion of the construction works and advanced to the Borrower in
stages as construction progresses. This will protect the lenders’ security"
I** N****** Credit Report. As construction works did not commence, the whole loan must still be in the escrow account. So Assetz will simply withdraw it from there and pay it back to us. I wonder what the hold up is? Am I wrong about this? Its there in black and white. If Assetz paid out from the escrow account then they made a mistake and should reimburse the lenders. Not sure how much I can say about this on a public forum, but I would refer you to the Activity tab update for #437 on 1st June 2017 .
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