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Pursuing the Borrower
Where there is a likely shortfall, then pursuing the borrower should be considered. However, there is no economic merit when it is readily apparent that a borrower has no other assets. However Orion can assist with making investigations in order to determine a borrower’s assets even where these have not been disclosed, in order to get a clear picture of the borrower’s financial situation.
Where additional assets are discovered (and subject to there being appropriate equity) charges can be registered against them and ultimately sales effected with proceeds being used to reduce the borrower's indebtedness to Orion's client.
- Dealing with the security propertyEstate management, security and tenant issues.
- Pursuing the borrowerDo you know your borrowers full financial situation?
- Pursuing the valuerIs it possible that the original valuation was optimistic?
- Marketing and selling the security propertyOrion will manage the whole disposal process!
