shimself
Member of DD Central
Posts: 2,563 
Likes: 1,171
|
Post by shimself on Feb 12, 2019 22:35:15 GMT
If you wanted to understand how recovery is done then the place to go is Bridgecrowd, and read the monthly-ish Late Loan Reports. The boss is a lawyer, it's all property, I think that Recovery is BC's comfort zone, it's what they are good at Yes they do make people bankrupt sometimes. But even so it can take the best part of TWO YEARS from a default event to recovery. The legal shennanigans are mind bending (I'd hate to be a lawyer spending all my time on people who behave dishonestly and/or idiotically) and the law's inefficiency is really tiresome But the lesson is, recovery takes ages even when done by genuine experts/ .
|
|
|
|
Post by martin44 on Feb 12, 2019 22:46:50 GMT
If you wanted to understand how recovery is done then the place to go is Bridgecrowd, and read the monthly-ish Late Loan Reports. The boss is a lawyer, it's all property, I think that Recovery is BC's comfort zone, it's what they are good at Yes they do make people bankrupt sometimes. But even so it can take the best part of TWO YEARS from a default event to recovery. The legal shennanigans are mind bending (I'd hate to nbe a lawyer spending all my time on people who behave idiotically) and the law's inefficiency is really tiresome But the lesson is, recovery takes ages even when done by genuine experts/ .
Amen to that.... its really getting tiresome that so many valuations on all platforms are so far off the mark..... that making the return of our investments is almost impossible..............  
|
|
shimself
Member of DD Central
Posts: 2,563
Likes: 1,171
|
Post by shimself on Feb 12, 2019 23:11:40 GMT
If you wanted to understand how recovery is done then the place to go is Bridgecrowd, and read the monthly-ish Late Loan Reports. The boss is a lawyer, it's all property, I think that Recovery is BC's comfort zone, it's what they are good at Yes they do make people bankrupt sometimes. But even so it can take the best part of TWO YEARS from a default event to recovery. The legal shennanigans are mind bending (I'd hate to nbe a lawyer spending all my time on people who behave idiotically) and the law's inefficiency is really tiresome But the lesson is, recovery takes ages even when done by genuine experts/ .
Amen to that.... its really getting tiresome that so many valuations on all platforms are so far off the mark..... that making the return of our investments is almost impossible.............. I haven't noticed a BC recovery finishing with a loss (but please correct), LTVs being around 65% or better.
|
|
SteveT
Member of DD Central
Posts: 6,875
Likes: 7,924
|
Post by SteveT on Feb 13, 2019 16:55:14 GMT
Shhh, it’s tough enough to get invested as it is 😉
|
|
