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Value of notes beyond 120 days late

Started by Peter, July 24, 2020, 11:00:00 PM

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latitude42

Looking for anecdotal values of notes beyond 120 days late. For example maybe 50% are worth $0, 25% sell for 5-10% of outstanding principal, etc.


macroman7799

I have not done a study but I have been listing these on the secondary portal for 10-20% of face value and am happy when they sell. I wouldn't go lower than that because these notes occasionally come back and will commonly sell for about 10% of face in a debt sale.

FYI- the folio portal is about to close with last trade 8/26 and final settlement 8/27. When the same thing happened at Prosper I picked up some nice bargains on the secondary market as a lot of people were willing to give a good discount to get their money out.

NEW LOANS:   | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | remoraid.eth 0.299 Ξ | ALL