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NEW LOANS:   | 870.eth 2.500 Ξ | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | ALL

Started by Peter, November 23, 2012, 11:00:00 PM

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yojoakak

If you're not comfortable giving specifics, maybe just describe it in general. Round the numbers off, etc.

I'll start off:

I once sold a 50 cent note for $17. It happened last year, so I don't think it's going to get reversed.

rawraw

I buy distressed notes for pennies and so far have made absurd profits (3000% or something).  Those sellers probably thought I was foolish to buy their notes.  But it's only a handful of notes, I'm finding its extremely hard to scale due to FolioFN not being very user friendly

J2E

I made a stupid sale and sold a note that showed 31+ days late because they'd only made a partial payment.  I had a few others that are 60+ days late with $22-23 remaining and I marked them all at $7 including the partial payment one.  So a $15 or so loss for a loan that probably could have sold for par.  Just have to be more observant in the future.

NEW LOANS:   | 870.eth 2.500 Ξ | 804.eth 2.500 Ξ | remoraid.eth 0.299 Ξ | ALL