Changes in Seven DDI's Flows
We're excited to share some important updates regarding the stages of certain debts in our portfolio. Seven Discounted Debts listed on Indemo have recently changed their Flow stages.
Debt Stage Updates:
R001 - Apartment in Palafrugell
- Previous Status: Claim Approved
- New Status: Cargo Certificate
- Description: The Spanish Association of Property Registration issues a certificate for the court confirming all registered legal liabilities on the property.
R008 - Apartment at Gran de Sant Andreu
- Previous Status: Trial
- New Status: Opposition
- Description: If either party is dissatisfied with the judge's ruling, they can file an appeal to a higher court and request a review of the decision. It is possible to appeal only once.
R010 - Detached house at Costabona
- Previous Status: Submission Confirm
- New Status: Cargo Certificate
- Description: The Spanish Association of Property Registration issues a certificate for the court confirming all registered legal liabilities on the property.
R013 - Apartment at Plaza Pi i Maragall
- Previous Status: Cargo Certificate
- New Status: Auction Initiated
- Description: The Lending Company requests the court to initiate an auction of the real estate collateral. The court sets the date and publishes information about the upcoming auction.
R016 - Apartment at C/ del Camp de Turia
- Previous Status: Opposition
- New Status: Auction Initiated
- Description: The Lending Company requests the court to initiate an auction of the real estate collateral. The court sets the date and publishes information about the upcoming auction.
R021 - House at Bidasoa
- Previous Status: Cargo Certificate
- New Status: Trial
- Description: Both the Lending Company and the debtor appear before the judge and present their respective views on the outstanding debt
R029 - Residential Single-Family house at Bidasoa
- Previous Status: First Notification
- New Status: Court Claim Applied
- Description: The Lending Company takes legal action by applying to the court of law to initiate debt recovery proceedings.
Where Can I Find Whether Flow Changes Impact My Portfolio?
To check whether these Flow updates impact you as an investor and your portfolio, as well as to understand your current exposure to these Discounted Debts, visit the Indemo platform and check the Notifications and Portfolio sections.
Thank you for your continued trust and support. We look forward to providing you with more exceptional investment opportunities.
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