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Post by pauliee on Apr 18, 2019 6:18:57 GMT
Is this Kuflink's first default? It certainly is mine on this platform.
How this is communicated and dealt with will be all important for the platform.
For info I am yet to receive my email notification.
C****** R*** - GU47
This loan is now in default as we have been unable to secure repayment from the borrowers. We have already begun proceedings to take control of this security, should the borrower not repay in full before that point. An email has been sent to affected investors.
Created At: 2019-04-17 11:58:40 Updated At: 2019-04-17 11:58:40
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Post by kuflink on Apr 18, 2019 8:23:11 GMT
Hi Pauliee,
Sorry to hear you haven't had an email notification, we did send this out to everyone invested in the deal yesterday afternoon.
I'd be more than happy to send this over again if it still hasn't reached you? Please get in touch with your name so I know where to direct the email.
Thank you,
Annie
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sussexlender
Member of DD Central
Cheat seeking missile
Posts: 550 
Likes: 916
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Post by sussexlender on Apr 18, 2019 17:49:39 GMT
I did get the e mail with the information.
Rapid notification and action being taken. Thank you Kuflink for keeping me informed.
This compares very well against the shocking inability of Lendy to tell investors the truth about so many of their highly suspect loans.
I
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Post by pauliee on Apr 22, 2019 15:02:06 GMT
Hi Pauliee, Sorry to hear you haven't had an email notification, we did send this out to everyone invested in the deal yesterday afternoon. I'd be more than happy to send this over again if it still hasn't reached you? Please get in touch with your name so I know where to direct the email. Thank you, Annie Hi Annie, mail found in link items for some reason. Though I understand there is not much to say other than we are on the case, thanks for the update. Paul
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Post by spareapennyor2 on Jul 3, 2019 7:18:27 GMT
will be interesting one to watch 18 july
lot 32
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jcb208
Member of DD Central
Posts: 820
Likes: 606
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Post by jcb208 on Jul 4, 2019 6:22:26 GMT
At least kuflink have been quick to take control and auction the property.I live near to the area and I'm sure this will sell for over £300.000 . My guess £360.000 even though it looks like it has be cramped in between 2 other properties
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Post by spareapennyor2 on Jul 18, 2019 10:22:20 GMT
withdrawn last moment
Refer to Auctioneer
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Post by spareapennyor2 on Jul 19, 2019 11:02:55 GMT
kuflinkas this was withdrawn from the auction can we expect to see the update today as shown on loan updates
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Post by spareapennyor2 on Jul 19, 2019 15:13:52 GMT
Update email sent
disappointed
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jcb208
Member of DD Central
Posts: 820
Likes: 606
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Post by jcb208 on Jul 19, 2019 17:35:10 GMT
Very surprised about that,Can they not put a reserve on it so if it fails to achieve that then market it through an agent
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Post by spareapennyor2 on Jul 19, 2019 18:12:27 GMT
Would have been well short of 90 day value even a reserve?
No pre auction interest
Questionable value to start with?
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Post by pauliee on Aug 4, 2019 8:05:01 GMT
quick browse of everyone's favourite property site "leftstay"
parameters
gu47, 3 bed exactly, 350k exactly produces the results required.
very light on information with no internal photos and very limited viewing opportunities though open to all.
anyone in the area fancy popping round?
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Post by pauliee on Oct 6, 2019 7:15:30 GMT
Thanks Kuflink, repaid in full with interest.
Great job.
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