|
|
Post by jevans4949 on Jun 23, 2015 23:21:38 GMT
The idea of a proxy vote is a good one, although may need some refining. Maybe (a) proxy vote on all my investments, (b) proxy vote unless I vote specifically, (c) proxy vote on this case, i.e., I can't decide, (d) no proxy votes. I would probably select option (b).
|
|
bigfoot12
Member of DD Central
Posts: 1,817
Likes: 816
|
Post by bigfoot12 on Jun 24, 2015 9:33:09 GMT
The idea of a proxy vote is a good one, I like the proxy idea too. But what I would really like is the vote to take account of what happens next. So if the borrower needs an extra 30 days we can vote on that, but then the vote should be such that after 30 days (+14 extra ...) the borrower hasn't fulfilled his promise AC then appoint an administrator or whatever they need without needing a further vote. If in the meantime AC has sight of exchange documents, and thinks that it is worth waiting longer they can put that to a vote. So extra votes are for situations in which AC think waiting is likely to be better, no (second) vote needed to get on and repossess. Edit: AC do emphasise their expertise in this area I think that giving guidance on which way to vote would be useful.
|
|
niceguy37
Member of DD Central
Posts: 504 
Likes: 254
|
Post by niceguy37 on Jun 24, 2015 10:37:35 GMT
AC have the expertise, and I wish they would say what they would do if it was their money. Then we could benefit from their expertise, experience and much fuller knowledge of the loan and borrower's position.
|
|
|
|
Post by maxeys on Jul 8, 2015 11:34:42 GMT
Let me know your thoughts. Lender voting should 100% be in place. I do not trust anyone else to make decisions for me especially when decisions are being based on exaggerated valuations. It is unfair not to provide lenders with clear transparency in updates especially when so much of lenders money is at stake. I find it appalling that questions are being deleted from the website Q&A especially when one of the same nature is posted and answered to. Why is it that I feel Assetz capital are trying to manipulate lenders at such critical times?
|
|
|
|
Post by Ton ⓉⓞⓃ on Jul 8, 2015 17:48:55 GMT
AC have the expertise, and I wish they would say what they would do if it was their money. Then we could benefit from their expertise, experience and much fuller knowledge of the loan and borrower's position. Or that AC would highlight some of the possible benefits or flaws of certain routes, there is a risk that it could be seen as advise which is later regarded as at fault. So perhaps AC could give some specimen cases of how in the past things were best negotiated & problems sorted so as to out to help the many newbies (like me) out there. Then again I could just go and read up about it...
|
|
