am
Posts: 1,495 
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Post by am on Feb 3, 2017 4:34:17 GMT
Just tuned into the net and seen that 90 days has been added to this one this morning. It's gone from -34 days to +56 days. I think we've just witnessed something unprecedented -- a loan event that has turned out to be better than expected! Last update for this loan: 23/Dec/16 "Expecting funds for a 1-month extension to give the borrower time to refinance with another lender." I don't know whether it counts as better than expected. For reasons that I don't understand SS want to exit this loan, and have asked the borrower to refinance. The borrower has failed to refinance, which is potentially a bad sign.
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mikes1531
Member of DD Central
Posts: 6,453
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Post by mikes1531 on Feb 8, 2017 4:05:53 GMT
I think we've just witnessed something unprecedented -- a loan event that has turned out to be better than expected! Last update for this loan: 23/Dec/16 "Expecting funds for a 1-month extension to give the borrower time to refinance with another lender." I don't know whether it counts as better than expected. For reasons that I don't understand SS want to exit this loan, and have asked the borrower to refinance. The borrower has failed to refinance, which is potentially a bad sign. If the borrower is providing the funds to cover the extension then it is curious that SS want the borrower to refinance away. Perhaps they're concerned about the value of the property and the ability to achieve a good result if they have to send in receivers. If that's what's stopping other lenders from refinancing, maybe SS have the right idea in keeping the pressure up on the borrower
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cooling_dude
Bye Bye's for the PPI
Posts: 2,853
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Post by cooling_dude on Mar 31, 2017 14:13:41 GMT
Update...
That will dry up the SM
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twoheads
Member of DD Central
Programming
Posts: 1,089
Likes: 1,192
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Post by twoheads on Apr 1, 2017 13:21:35 GMT
Just repaid - 14:19.
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