Caldwell – #4534

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4.8.21- Caldwell Series 4534, LLC has paid off! You should expect to receive a final payoff check or direct deposit to your account within the next couple of business days. Click here for final communication.

2.22.21 – Property successfully taken back through foreclosure at the Trustee Sale on February 12, 2021. Click here for investor update communication.

12.23.20 – The majority investor has elected to postpone the Trustee Sale date for an additional 45 days to allow the borrower additional time to refinance of the property that he is currently in process of completing. During this time the borrower has agreed to pay the net rents or $5,000 per month, whichever is greater, which will be retained by Ignite Funding to cover the costs associated with the postponement of the Trustee Sale date and any future related expenses.

10.26.20 – The majority investor has elected to postpone the Trustee Sale date by remarketing the foreclosure for another 45 days to allow the borrower additional time to complete the refinance of this property.  During this time the borrower has agreed to pay the net rents or $5,000 per month, whichever is greater, which will be retained by Ignite Funding to cover the costs associated with the postponement of the Trustee Sale date and any future related expenses.

10.15.20 – Trustee sale date has been postponed until October 30, 2020.

9.30.20 – Trustee Sale date has been postponed to October 14, 2020.

8.4.20 –  The majority investor has elected to proceed with foreclosure of this property.  The Trustee Sale date is scheduled for 9/16/2020.  Click here for complete update.

5.27.20 – Borrower has paid $5,000 from net rents on this property, as stated in the forbearance agreement approved in April.  The payment has been processed to all investors, pro-rata, as an interest payment.  Click here for update communication.

5.5.20 – Majority investor has approved a 90-day forbearance to the Trustee Sale (foreclosure) date previously scheduled for April 20, 2020.  Click here for detailed update communication.

3.5.20 – Trustee Sale (foreclosure) date scheduled for April 20, 2020.

1.7.20 -The Notice of Default to initiate the foreclosure process has been filed and recorded in the state of Utah.  Click here for a link to the filing.  For additional information on the foreclosure process in the State of Utah, please visit https://www.foreclosure.com/statelaw_UT.html

12.2.19 – Majority investor has approved filing a Notice of Default on this property to begin the foreclosure process.  Click here for property status update.

8.19.19 – Majority investor has approved forbearance through December 31, 2019.  Click here for property status update.

6.13.19 – Forbearance extension granted to borrower by majority investor. Click here to view.

3.19.19 – Onsite visit conducted by Ignite Funding on March 19, 2019. Click here to view the video.

1.9.19 – Onsite visit conducted by Ignite Funding on January 9, 2019. Click here to view the video.

10.30.18 – Onsite visit conducted by Ignite Funding on Oct. 30, 2018.  Borrower indicates the property will be refinanced with long-term financing. Click here for photos.

Original Loan Details

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