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[NewHorizon]

Do these e-mails have to be approved by the forum moderator before they're sent out?  Trying to figure why they're so slow.

It's as if somebody came in early (about 6am PST) and processed a few before the business day got under way.

Who knows...

[Mtnchick]

Do these e-mails have to be approved by the forum moderator before they're sent out?  Trying to figure why they're so slow.

It's as if somebody came in early (about 6am PST) and processed a few before the business day got under way.

Who knows...

Like someone remembered there was supposed to be a sale in Dec, Dec was almost over and had someone run in there and toss a few bones our way.

[bankomatic]

OK, I'm up to about 8 now that haven't made payments since Mar/Apr/May07. But here's a winner:

http://www.prosper.com/lend/listing.aspx?listingID=23444

Made one payment. In August 06

Never been sold. 

The last sentence of his listing made me chuckle. "I WILL get out of debt somehow!" Yea, he got out of it by getting free money from prosper lenders.

[ducks]

I have two with next payment due in June (i.e., the last payment was the May payment) and one with next payment due in August. I'm guessing that the loans with a June due date could be eligible.

[AmexFan]

Got the email:

One of your Prosper loans has defaulted and been sold to a debt buyer.=
 Proceeds from the sale of this loan, if any, will be credited to your=
 account within 1-2 business days.

Loan: A New Start (Loan #12815)
Borrower: ClaireC82
Sale date: Dec-26-2007
Sale reason: Delinquency
Principal balance before sale: $110.02
Loan value before sale: $122.13
Proceeds from sale and forfeited group rewards: $3.75

[ducks]

The proceeds are pitiful. That's about the equivalent of one month's payment, right?

[cwsswc]

At least y'all are getting something. I've got 5 delinquent loans, 4 of which are in the 4+ late category. (The 5th delinquency & one of my 4 4+ lates are bankruptcies.) Thus far, all my delinquencies are still mine -- nothing in email or my P-----r account to indicate they were sold.

[ira01]

The proceeds are pitiful. That's about the equivalent of one month's payment, right?

I agree.  So far from what I've seen of what people are posting, it looks like about 3%.  Pitiful.

[traveler505]

Do these e-mails have to be approved by the forum moderator before they're sent out?  Trying to figure why they're so slow.

It's as if somebody came in early (about 6am PST) and processed a few before the business day got under way.

Who knows...

Even by Prosper standards, this was weird.

I wonder what will happen tomorrow.

[Xelint-Enterprises]

Got 3 emails today and it looks like ~3.0% on the dollar.  No rhyme or reason to which of my 4+ lates they choose.

X

[LoanChimp]

I only had 1 of my 10 fall off the cliff so far, and right at that 3% mark.

(it was, however, worth less than 3%, that  POS)

[LoanChimp]

It seems the debt sales I have been a part of in the past have started with the lowest number "loan" number to the highest.

It appears this time that my highest numbered loan was processed first (and at this point, my only defaulted  4+month late loan yet).

Just strange...

[traveler505]

Looks like it's started up again .... I just got my first email.

Loan: Consolidate high interest credit cards (Loan #1110)
Borrower: cadicae
Sale date: Dec-27-2007
Sale reason: Delinquency
Principal balance before sale: $37.75
Loan value before sale: $44.29
Proceeds from sale and forfeited group rewards: $3.64

(9.6% of the principal balance or 8.2% of the loan balance for a C borrower, non-homeowner.)

[ducks]

That's a much better result than previous reports. Maybe this is a second batch.

[traveler505]

My second December default is a HR non-homeowner at 4.7% of principal/4.0% of loan balance.

Both of these had made payments for most of a year before stopping; I suppose that might have resulted in a higher price.