|
Post by polonius on Jul 23, 2016 18:33:27 GMT
I see that the latest update to the Persian carpets saga is 'Frustratingly - funds still awaited.'
What frustrates me is that although they were sold (offer and acceptance) more than a month ago, FS has given us no indication of what price was agreed. They are still tagged as Unredeemed. Surely they should be tagged either as Defaulted (asset sold for less then full amount owed) or Recovered (asset sold for full amount owed)?
|
|
mikes1531
Member of DD Central
Posts: 6,453
Likes: 2,320
|
Post by mikes1531 on Jul 23, 2016 20:04:29 GMT
We're all frustrated.
The good news is that on 6/May FS said they were negotiating ... ... and there'd be nothing for the borrower if there wasn't enough to pay all FS fees and accrued interest.
Then again, we've had nearly three months of accrued interest to add since then, so the borrower's share of the proceeds must be getting thinner and thinner.
|
|
spyrogyra
Member of DD Central
Posts: 386
Likes: 148
|
Post by spyrogyra on Jul 25, 2016 12:06:12 GMT
Forget the borrower, the main point is that lenders should be even more frustrated than FS because of flimsy updates.
|
|