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Post by chris on Mar 5, 2014 22:05:36 GMT
In case it hasn't been noticed by all yet, there is the following update on the site for the chippy (auction 75):
LENDER UPDATE 5 MARCH
The loan auction closed this afternoon and underwriting has been arranged to fill the shortfall in the auction (albeit not yet shown on the system). However, we were advised by the borrower this afternoon that the vendor of the property is withdrawing from the sale as it has not completed in the timeframe they expected. We are clarifying the position, as funds are available with the underwriting in place, but there is a significant prospect that this loan may now be cancelled.
We expect to receive final confirmation within 24 hours as to whether the loan is proceeding or not and will update lenders further tomorrow (6 March).
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bugs4me
Member of DD Central
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Post by bugs4me on Mar 5, 2014 22:17:48 GMT
In case it hasn't been noticed by all yet, there is the following update on the site for the chippy (auction 75): LENDER UPDATE 5 MARCH The loan auction closed this afternoon and underwriting has been arranged to fill the shortfall in the auction (albeit not yet shown on the system). However, we were advised by the borrower this afternoon that the vendor of the property is withdrawing from the sale as it has not completed in the timeframe they expected. We are clarifying the position, as funds are available with the underwriting in place, but there is a significant prospect that this loan may now be cancelled. We expect to receive final confirmation within 24 hours as to whether the loan is proceeding or not and will update lenders further tomorrow (6 March). On the face of it that seems a bit dim on the part of the vendor Chris if the funds are now in place. Me thinks that maybe all the facts on this are not being made available to AC. Maybe a gazumping job perhaps??
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Post by chris on Mar 5, 2014 22:34:42 GMT
On the face of it that seems a bit dim on the part of the vendor Chris if the funds are now in place. Me thinks that maybe all the facts on this are not being made available to AC. Maybe a gazumping job perhaps?? No clues available from the tech team. Guess we'll find out tomorrow.
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j
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Penguins are very misunderstood!
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Post by j on Mar 5, 2014 22:47:38 GMT
On the face of it that seems a bit dim on the part of the vendor Chris if the funds are now in place. Me thinks that maybe all the facts on this are not being made available to AC. Maybe a gazumping job perhaps?? No clues available from the tech team. Guess we'll find out tomorrow. thanks for the update anyway! Are we expecting new loans to take over in the next few days as it's starting to run slightly thin in the ground at the moment? Cheers
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bugs4me
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Post by bugs4me on Mar 5, 2014 22:59:07 GMT
No clues available from the tech team. Guess we'll find out tomorrow. thanks for the update anyway! Are we expecting new loans to take over in the next few days as it's starting to run slightly thin in the ground at the moment? Cheers Plenty on the aftermarket if you're into that - no wait time before earning
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Post by bracknellboy on Mar 5, 2014 23:05:13 GMT
In case it hasn't been noticed by all yet, there is the following update on the site for the chippy (auction 75): LENDER UPDATE 5 MARCH The loan auction closed this afternoon and underwriting has been arranged to fill the shortfall in the auction (albeit not yet shown on the system). However, we were advised by the borrower this afternoon that the vendor of the property is withdrawing from the sale as it has not completed in the timeframe they expected. We are clarifying the position, as funds are available with the underwriting in place, but there is a significant prospect that this loan may now be cancelled. We expect to receive final confirmation within 24 hours as to whether the loan is proceeding or not and will update lenders further tomorrow (6 March). Looks like its soon to be known as the "Slippy Chippy" then.
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j
Member of DD Central
Penguins are very misunderstood!
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Post by j on Mar 6, 2014 7:46:14 GMT
In case it hasn't been noticed by all yet, there is the following update on the site for the chippy (auction 75): LENDER UPDATE 5 MARCH The loan auction closed this afternoon and underwriting has been arranged to fill the shortfall in the auction (albeit not yet shown on the system). However, we were advised by the borrower this afternoon that the vendor of the property is withdrawing from the sale as it has not completed in the timeframe they expected. We are clarifying the position, as funds are available with the underwriting in place, but there is a significant prospect that this loan may now be cancelled. We expect to receive final confirmation within 24 hours as to whether the loan is proceeding or not and will update lenders further tomorrow (6 March). Looks like its soon to be known as the "Slippy Chippy" then. Does that come with salt & vinegar?
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j
Member of DD Central
Penguins are very misunderstood!
Posts: 2,188
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Post by j on Mar 6, 2014 7:47:51 GMT
thanks for the update anyway! Are we expecting new loans to take over in the next few days as it's starting to run slightly thin in the ground at the moment? Cheers Plenty on the aftermarket if you're into that - no wait time before earning That's what I'm trying to do! But need to sell some acne (sorry 'Ackney) units first to release funds. Catch 22!
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mikes1531
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Post by mikes1531 on Mar 7, 2014 4:01:22 GMT
On the face of it that seems a bit dim on the part of the vendor Chris if the funds are now in place. Me thinks that maybe all the facts on this are not being made available to AC. Maybe a gazumping job perhaps?? No clues available from the tech team. Guess we'll find out tomorrow. Well, tomorrow came and went and there was no further update on the LoanInfo tab. Perhaps we'll have better luck on Friday?
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