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When a loan is overdue and is ultimately placed in default, Mustard will continue working with the borrower on behalf of investors to resolve the matter through repayment, albeit at a later date than scheduled.
In the event that Mustard believes that a repayment from the borrower is not possible within a reasonable timeframe, we will enforce the security. This means selling the property. An LPA Receiver or Administrator will be appointed to enact the process, which may for example lead to the property being sold at auction. We may also pursue further security if available including Personal Guarantee(s).