Post by danielbird193 on Dec 5, 2018 15:46:13 GMT
Update on this loan just received, very unusually, via email. It seems the lender claims yet again to be at the final stages of a refinance but is not yet in funds to repay the AC loan. Quite why it is taking so long is beyond me, although the borrower does not seem to be the most straightforward to deal with.
My own view is that AC need to step in and enforce the security asap if this latest attempt at getting the loan refinanced is unsuccessful. This guy has been given way too many second chances and, assuming the valuation remains supportive, they need to show some teeth here and step in to protect lenders' interests.
Moderators, feel free to move this to the 'pink' if you feel that is necessary given the tone of today's email.
My own view is that AC need to step in and enforce the security asap if this latest attempt at getting the loan refinanced is unsuccessful. This guy has been given way too many second chances and, assuming the valuation remains supportive, they need to show some teeth here and step in to protect lenders' interests.
Moderators, feel free to move this to the 'pink' if you feel that is necessary given the tone of today's email.
