r1200gs
Member of DD Central
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Post by r1200gs on Dec 10, 2018 15:24:44 GMT
Still waiting, and still no encouraging reassurances regarding sale prices achieved. Well, only a 50 percent LTV so what could possibly go wrong?
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jonno
Member of DD Central
nil satis nisi optimum
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Post by jonno on Dec 10, 2018 15:43:34 GMT
Still waiting, and still no encouraging reassurances regarding sale prices achieved. Well, only a 50 percent LTV so what could possibly go wrong? LTV= Locomotives' Toxic Valuations?
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Post by df on Dec 10, 2018 15:59:36 GMT
Very happy that the "toys" of my "child's play" are sold 10 days ago (re last update). I wonder why allocating the sale proceeds is taking so long? Normally distribution of received funds is done on the same day or near. Could it be that the items have been sold, but not paid for yet?
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coop
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Post by coop on Dec 10, 2018 16:33:06 GMT
Surely this one is going to be a big capital loss?
A lot of stuff before has sold for well below estimate so there must be a hefty shortfall to make up from this most recent sale. If valuations are in tune with those previously getting a 60-70% return would be about par?
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Post by beepbeepimajeep on Dec 10, 2018 17:05:04 GMT
Can you get away with just not paying Funding Secure for what you buy from them? Asking for a friend.
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rs
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Post by rs on Dec 10, 2018 17:18:56 GMT
FS sold the items to a dealer. Could it be possible the dealer sells the items to the FS borrower who got our money with a little profit made from FS lenders?
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ashtondav
Member of DD Central
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Post by ashtondav on Dec 10, 2018 18:48:18 GMT
FS sold the items to a dealer. Could it be possible the dealer sells the items to the FS borrower who got our money with a little profit made from FS lenders?
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Godanubis
Member of DD Central
Anubis is known as the god of death and is the oldest and most popular of ancient Egyptian deities.
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Post by Godanubis on Dec 10, 2018 22:25:13 GMT
FS sold the items to a dealer. Could it be possible the dealer sells the items to the FS borrower who got our money with a little profit made from FS lenders?
Still waiting.... All previous sales were at the amounts required to repay without loss. No reason to expect anything different. They have refused previous “chancer” offers and just held on to assets only selling when time and offer were acceptable.
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ric
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Post by ric on Dec 11, 2018 8:50:06 GMT
FS sold the items to a dealer. Could it be possible the dealer sells the items to the FS borrower who got our money with a little profit made from FS lenders?
Still waiting.... All previous sales were at the amounts required to repay without loss. No reason to expect anything different. They have refused previous “chancer” offers and just held on to assets only selling when time and offer were acceptable. Not sure that is the case. I am in 9899194706 and it currently has a 115% LTV, so some trains must have sold below Valuation*LTV
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archie
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Post by archie on Dec 11, 2018 9:01:28 GMT
1355651457 lost money.
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coop
Member of DD Central
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Post by coop on Dec 11, 2018 9:46:12 GMT
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adrian77
Member of DD Central
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Post by adrian77 on Dec 11, 2018 12:11:18 GMT
I think I see what you mean - i.e. what is to stop somebody getting a FS loan , taking the money, having a laugh, having the assets repossessed and sold to a friend and then possibly paying the friend what you paid for them ? Very good point!
This one was one of my mega loss predictions which I am updating at the moment - am I the only person who finds it incredibly confusing to work out what is going on here e.g.
9899194706
was entered as 11,030.01 whilst the total of 9899194706
a/b/c/d is nearly £13K?
I make the original total lent as £48,700 but need to check it although seems a lot to me for some toy trains!
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coop
Member of DD Central
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Post by coop on Dec 11, 2018 12:45:42 GMT
I think I see what you mean - i.e. what is to stop somebody getting a FS loan , taking the money, having a laugh, having the assets repossessed and sold to a friend and then possibly paying the friend what you paid for them ? Very good point! This one was one of my mega loss predictions which I am updating at the moment - am I the only person who finds it incredibly confusing to work out what is going on here e.g. 9899194706 was entered as 11,030.01 whilst the total of 9899194706 a/b/c/d is nearly £13K? I make the original total lent as £48,700 but need to check it although seems a lot to me for some toy trains! Come on man, show some respect, they're miniature reproduction locomotives NOT toys! 
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r1200gs
Member of DD Central
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Post by r1200gs on Dec 11, 2018 15:04:33 GMT
What on earth could take this long?
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SteveT
Member of DD Central
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Post by SteveT on Dec 11, 2018 15:13:40 GMT
Signalling problems near High Wycombe 😉
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