As I mentioned several days ago a debt sale is about to be completed.

I have had 3 loans sold so far (I will update this page if more are sold)…

1. B Credit @15.16% interest rate, non-homeowner, sold for 9.54% of principal (borrower had not made a single payment).
2. C Credit @ 25% interest rate, homeowner, sold for 12.74% of principal.
3. B Credit @ 14.5% interest rate, homeowner, sold for 12.49% of principal.

I also got this from LazyManAndMoney.  It is a bit anecdotal, but it adds to the collective knowledge.

I’ve had about 12 maybe more. They’ve all been about $4 on a $43 remaining principle. Each one is nearly uniform in nature differing by maybe 10-12 cents in either direction.

Update: Prosper released the official debt sale results.

Wow! Texas loans were singled out.

Wow! Texas loans were singled out.

Here are the details of the sale:
   • Eligible loans were more than 122 days past due as of December 4th, 2007, provided the loan was not part of any bankruptcy filing.
   • 701 loans were sold.
   • Price range: 2.8% – 14.5% (as % of principal).

Weighted Average Prices
Homeowners		12.5%
Non-homeowners
	AA, A	9.6%
	B, C, D	9.1%
	E, HR	7.3%
	NC	4.8%
Texas (all)		3.5%

 

 

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