Loan 2014-1001 - Mortgage Loan Latvia

Loan Details

Loan Type Mortgage Loan
Loan Amount € 25 100.00
Remaining Principal € 1 683.50
Effective APR charged to borrowers -
Interest Rate (12.5%)
6.0%
Initial LTV 46%
LTV 3%
Initial Term 120 m. 2 d.
Remaining Term 69 m. 29 d.
Amortization Method Full
Listing Date 13.10.2014
Date of Issue 13.10.2014
Closing Date 15.10.2024
Status Default
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Loan Originator Details

Loan Originator
Legal Entity
AS Hipocredit
  • Borrower and Collateral
  • Payment Schedule
  • Investment Breakdown
  • Debt Collection
  • Borrower and Collateral Details

    BorrowerFemale, 48 y.
    Loan PurposeOther
    CollateralReal estate
    Real Estate TypeHouse
    Size76 m2
    Country Latvia, Ādažu nov.
    Valuation€ 55 000 / 18.08.2014
    Appraiser
  • DatePrincipal Interest TotalPayment ReceivedPayment DateStatus
    15.11.2014 € 82.74 € 287.60 € 370.35 € 370.35 15.11.2014 Paid
    15.12.2014 € 109.75 € 260.60 € 370.35 € 370.35 15.12.2014 Paid
    15.01.2015 € 102.25 € 268.10 € 370.35 € 370.35 16.01.2015 Paid
    15.02.2015 € 103.35 € 267.00 € 370.35 € 370.35 15.02.2015 Paid
    15.03.2015 € 130.19 € 240.16 € 370.35 € 370.35 16.03.2015 Paid
    15.04.2015 € 105.86 € 264.49 € 370.35 € 370.35 23.04.2015 Paid after the due date
    Received late payment fee: € 8.24
    15.05.2015 € 115.49 € 254.85 € 370.35 € 370.35 10.06.2015 Paid after the due date
    Received late payment fee: € 17.98
    15.06.2015 € 108.24 € 262.10 € 370.35 € 370.35 09.07.2015 Paid after the due date
    Received late payment fee: € 26.99
    15.07.2015 € 117.82 € 252.52 € 370.35 € 370.35 26.08.2015 Paid after the due date
    Received late payment fee: € 53.73
    15.08.2015 € 110.68 € 259.67 € 370.35 € 370.35 26.08.2015 Paid after the due date
    Received late payment fee: € 16.79
    15.09.2015 € 111.87 € 258.48 € 370.35 € 370.35 30.10.2015 Paid after the due date
    Received late payment fee: € 47.15
    15.10.2015 € 121.37 € 248.98 € 370.35 € 370.35 30.10.2015 Paid after the due date
    Received late payment fee: € 20.36
    15.11.2015 € 114.38 € 255.97 € 370.35 € 370.35 19.11.2015 Paid after the due date
    15.12.2015 € 123.83 € 246.52 € 370.35 € 370.35 23.12.2015 Paid after the due date
    Received late payment fee: € 12.96
    15.01.2016 € 116.94 € 253.41 € 370.35 € 370.35 29.01.2016 Paid after the due date
    Received late payment fee: € 24.07
    15.02.2016 € 118.20 € 252.15 € 370.35 € 370.35 25.02.2016 Paid after the due date
    Received late payment fee: € 14.34
    15.03.2016 € 135.66 € 234.69 € 370.35 € 370.35 24.03.2016 Paid after the due date
    Received late payment fee: € 14.81
    15.04.2016 € 120.93 € 249.41 € 370.35 € 370.35 27.04.2016 Paid after the due date
    Received late payment fee: € 17.75
    15.05.2016 € 130.24 € 240.11 € 370.35 € 370.35 30.05.2016 Paid after the due date
    Received late payment fee: € 25.92
    15.06.2016 € 123.64 € 246.71 € 370.35 € 370.35 30.06.2016 Paid after the due date
    Received late payment fee: € 25.92
    15.07.2016 € 132.88 € 237.46 € 370.35 € 370.35 09.08.2016 Paid after the due date
    Received late payment fee: € 43.99
    15.08.2016 € 126.40 € 243.95 € 370.35 € 370.35 25.01.2017 Paid after the due date
    15.09.2016 € 127.76 € 242.59 € 370.35 € 303.81 Late
    15.10.2016 € 136.91 € 233.43 € 370.35 € 237.64 Late
    15.11.2016 € 130.61 € 239.74 € 370.35 € 244.46 Late
    15.12.2016 € 139.70 € 230.65 € 370.35 € 236.75 Late
    15.01.2017 € 133.52 € 236.83 € 370.35 € 243.68 Late
    15.02.2017 € 134.95 € 235.39 € 370.35 € 242.64 Late
    15.03.2017 € 159.05 € 211.30 € 370.35 € 217.89 Late

    The loan has defaulted. Debt collection has been initiated.

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  • History of Actions

    DateActionDescription
    24.10.2016 Communication with the client Borrower has job issues, debt will be paid by making smaller payments. Client is fully responsive but payments are going to be delayed nearest months. Hipocredit will make additional arrangement to payment schedule.
    08.11.2016 Communication with the client Hipocredit has sent warning about Agreement termination. Client has to pay until 15th November
    28.11.2016 Agreement with client regarding debt payment process Hipocredit will contact the client to reach an agreement regarding the debt payment process and deadline. The agreed upon deadline is regularly monitored, and, if necessary, the client will be contacted multiple times. Clients will incur a fine according to their contract for delayed payments.
    02.03.2017 Notice regarding debt recovery The agreement regarding the payment process has not been fulfilled and/or the client has not responded to Hipocredit's request for information. Hipocredit will send the client a notice regarding the termination of the loan contract in the event of non-repayment.
    06.04.2017 Debt collection started Contract with the borrower has been terminated and debt collection process has been started
    03.05.2017 Security auction advertised The bailiff will advertise a real estate auction. Participants apply for the auction.
    08.05.2017 Preparation of notary deed The client has not fully paid their debt as regards the issued notice of compulsory recovery. Hipocredit will submit a request for a notary deed to begin the debt recovery process.
    04.07.2017 Security auction advertised The bailiff will advertise a real estate auction. Participants apply for the auction.
    03.08.2017 Security auction advertised Second auction has started in July 17
    05.09.2017 Security auction Second auction was also unsuccesful, bailiff will recover the debt, turning to other client belongings - salary and movable property.
    12.10.2017 Regular update on the borrower status There are no updates since the latest status update.
    02.11.2017 Auction The 3rd auction is active from November 2nd until December 4th.
    07.12.2017 Successful auction Auction was successful. Now waiting for auction approval.
    10.01.2018 Regular update on the borrower status There are no updates since the latest status update.
    05.02.2018 Regular update on the borrower status There are no updates since the latest status update.
    06.03.2018 Bailiff Waiting for the bailiff to transfer the funds
    09.05.2018 Regular update on the borrower status There are no updates since the latest status update.
    15.08.2018 Regular update on the borrower status There are no updates since the latest status update.
    19.09.2018 Regular update on the borrower status There are no updates since the latest status update.
    02.11.2018 Regular update on the borrower status There are no updates since the latest status update.

    Debt collection costs: € 0.00

    Received Payments

    DateAmount
    09.03.2018 € 22 680.28