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How could a note with pending payment be listed on FolioFn?

Started by Peter, October 03, 2018, 11:00:00 PM

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Joe6Luck

I find the following note on FolioFn today (10/4). See the snapshot below for details. It has a pending payment (due on 10/2), and I think it is prohibited to list such a note on foliofn. Does anybody know how this could happen? And, what will happen if I buy this note today and the payment becomes late in a few days?

https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=76415184&order_id=109645784&note_id=125132885" class="bbc_link" target="_blank">https://www.lendingclub.com/foliofn/browseNotesLoanPerf.action?showfoliofn=true&loan_id=76415184&order_id=109645784&note_id=125132885


mark78

This is the same issue as https://forum.lendacademy.com/index.php/topic,4789.0.html" class="bbc_link" target="_blank">https://forum.lendacademy.com/index.php/topic,4789.0.html, except that thread was about buying programatically and this one is about buying manually. I expect the same result though- it will tell you you've bought the note, but a few days later it will be in your "Canceled Buy Orders", with the reason that a payment was pending.




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