ablender
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Post by ablender on Jan 23, 2016 15:50:52 GMT
Hi, Can someone please clarify this to me.
If I try to sell a loan part, there is a note saying "The interest earnings will pass to the buyer."
Does this refer to all the monthly interest accrued since last payment or does it refer to the interest accrued from the day I put the loan part on sale?
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kaya
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Post by kaya on Jan 23, 2016 16:07:35 GMT
It refers to all interest earned on the loan part since the last repayment. So if you sell near the next repayment date, you lose all that month's interest. So better it is to buy just before the next repayment is due, and sell just after a repayment. Personally I think this is a fairer set-up than FC (also FE), where the seller has all the advantage, and the buyer has all the risk.
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ablender
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Post by ablender on Jan 23, 2016 16:20:07 GMT
If I put a loan part on sale, can I stop the sale or edit it, if it does not sell within, say, a week?
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kaya
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Post by kaya on Jan 23, 2016 16:22:32 GMT
For sure! Delete and re-list anytime.
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SteveT
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Post by SteveT on Jan 23, 2016 16:26:21 GMT
For sure! Delete and re-list anytime. On ReBS, "anytime" is a fluid concept, being the lengthy and uncertain period between clicking on the button and the website responding some hours / days / weeks later 
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kaya
Member of DD Central
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Post by kaya on Jan 23, 2016 16:47:53 GMT
I have not experienced such problems exactly, but it sounds similar to the concept applied to the due date of loan repayments, employed by several borrowers.
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