rocky1
Member of DD Central
Posts: 1,139 
Likes: 1,963
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Post by rocky1 on Jun 9, 2019 11:11:44 GMT
Going back to the subject of mr SD. There has only been 1 offer on most of his failed projects and that is from the borrower himself.yes mr SD himself making very low offers what the f**k is all that about.where has he got funds to make offers and why haven't these funds been used to part pay back on all of these loans.i can't work this out at all.
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Post by billy169 on Jun 9, 2019 11:26:25 GMT
Excellent point.. possible long investigation needed..but will it happen.!?
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TheDriver
Member of DD Central
Slightly bonkers
Posts: 493
Likes: 190
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Post by TheDriver on Jun 10, 2019 3:02:43 GMT
Going back to the subject of mr SD. There has only been 1 offer on most of his failed projects and that is from the borrower himself.yes mr SD himself making very low offers what the f**k is all that about.where has he got funds to make offers and why haven't these funds been used to part pay back on all of these loans.i can't work this out at all. I would assume they are arranged thru limited liability mechanism, such as SPV, and as such are separate legal entities so there is no personal obligation to fund. Even if there is a PG maybe it's been made known that it has been arranged that it is worth less than the derisory offer (eg. property owned by spouse etc.)? Please note this is not a definitive comment on this particular borrower, but seems to be how many P2P property loans have been arranged.
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