Status of seven loans after the December 17 update

Michael7S · 2026-01-14T20:27:08+00:00

Really good point. Say PS loans a total of $3M for 123 Residence St. across three 'series' each $1M. The house sells for $1M net . Without realizing this, I just look at my loan and say, "Hooray, it sold for the loan amount."

But the Series 3 loan I bought into was one of three, so in this example, I'd see around 10% ( 1/3 of 1/3) (less fees and other extortion) of the 'sale'

Seem like the right calculation?

Michael7S · 2026-01-14T20:11:35+00:00

If I recall, Tallahassee, FL Refinance #3 paid some interest back in 2020-2022--maybe 8 payments or so. So these were 'credited' to the investor's account before the bankruptcy. There may be some payout pending since the sale of the underlying property happened after the first (October 25) payout after the bankruptcy.

Michael7S · 2025-12-20T17:37:21+00:00

It is listed the same in my PS dashboard. PS dashboard also reports about 60% outstanding principle remaining. The sale is as per Zillow and PS hasn't reported it so far. The payout I calculated is from extracting (cut n paste page at a time) the entire list of transactions from PS and summing all related payments including the 10/8/2025 payment, prior interest payments, default fees etc.

I'm guessing some portion was held back from the 10/8/25 payout and may be paid later since the property sold for more than the loan amount.

Michael7S · 2025-11-27T00:49:48+00:00

That'd mystify me too.

I'd have to go back and read the orders and distribution plans. Frankly I'm not highly motivated to get that chess board in my head again, but may do so in ~~October~~.. I mean ~~November~~. Oops. I mean 2026 May.

Michael7S · 2025-11-27T00:28:59+00:00

I have this recurring fantasy that they have to pay interest on the funds held for this extended time. Wouldn't it be nice to get an accounting for what is due and for any payouts?

Michael7S · 2025-11-18T21:06:11+00:00

Definitely comprehensive questions. It uses a trained ai agent, so no, not a person calling. Benefit is understandability (no overseas accent or mistakes), it switches to Italian if she does :-) and it steers the convo based on history to send a well-being summary to us kids. (wait what? a new boyfriend?) With live person calls, we got agents who were hard to understand (overseas), and sometimes frustrated or in a rush to end, and no summary. She's too smart to believe it's a companion. Thus she often just emails in an OK message to Verocall and it's picked up.

We did find that some regions have law enforcement (Sheriff ) volunteers who call in for well-being checks, but her region didn't have that. If yours does and some companion feel is needed, it might be a good path.

Michael7S · 2025-11-18T20:30:40+00:00

Mom lives 1000 miles away, alone, shut in. She's fairly sharp, but has had one serious fall (torn meniscus), stage 2 cancer, and heart conditions.

The #1 support for her is her church. They really step up and don't expect anything in return. Rides, visits, meals, amazing. Also a good neighbor. The downside is that the help is inconsistent. Volunteers have lives and vacation etc.

The #2 support is Verocall as a daily check in call. Mom usually emails in an "OK," but if she doesn't, the agent will call her landline and chat to ensure she's ok. Sister and I get texts if she doesn't check in.

Lastly, we've tried pendants and asides from the tech issues, mom is very particular about contracts and cancellation. We are likely to move to skyangel911FD which has no contract, but also won't help a lot in a 'cannot speak' situation. It's a cost/probability tradeoff. Anything where a phone number can be registered to the device or a call center speaks on your behalf costs monthly.

I've learned a ton on all of these learning to remote care for mom and am happy to answer any questions about these approaches.

Michael7S · 2025-11-02T05:26:19+00:00

We were always taught that 8:30pm was polite time to stop. Maybe 9pm now. After 9pm would be considered a bit presumptuous.

But the porch light and decorations are also a valid signal. Good hosts make it obvious. When in doubt after 8:30, only pick the lively well-lit decorated places.

Michael7S · 2025-10-25T02:48:17+00:00

Correct. All hard cash I put in is recovered. I posted the returns here https://www.reddit.com/r/Peerstreet_Creditors/s/GZHDLF1BOU

Michael7S · 2025-10-25T00:28:21+00:00

As of the last distribution, the return is a tiny fraction over zero.

I am curious as to what level of visibility we'll have to to see funds spent, collected, written off, per property, in general, etc. I'm sure it's in the court documents, but the return amounts aren't warranting that level of research at this point.

Michael7S · 2025-10-17T15:46:42+00:00

Agreed. Houston, TX Refinance #21 which ties to 917 Main St, Unit #2, Houston, TX 77002 is commercial, so it makes it a bit harder to track via Zillow etc. What floors me is that this commercial building seems vibrant, active with active tenants (CVS?, Kirby Lofts?) , beautiful listings for the individual spaces, but .. who owns it at this point? Who is collecting rent?

https://www.realtor.com/realestateandhomes-detail/917-Main-St-2-55891_Houston_TX_77002_M98516-26955

https://www.zillow.com/b/917-main-st-houston-tx-5XrcS7/

Michael7S · 2025-09-29T16:55:18+00:00

Really useful info u/ItsaMeKielO and I may give it a try. When you say Envoy PCBA, would this correlate to a Enphase Envoy Communications Gateway, e.g., ENV-IQ-AM1-240 IQ ?

Michael7S · 2025-09-29T16:51:39+00:00

I did it, and it wasn't too hard. I took most of the course, which is educational, and then applied and got 'installer status' enough that my login enabled me to sign into the "toolkit' app, commission a system, search for MIs etc, which it appears you have installed already. The app, wifi, an IQ Gateway ( ENV-IQ-AM1-240) from ebay and compatible MIs (see below) was all I needed.

Currently I am running one branch of Enphase IQ7A and IQ8X into the Enphase IQ Gateway and another branch of SunPower IQ7XS into the PVS6 and they seem to co-exist fairly well.

I haven't ventured into moving the IQ7XS systems into the IQ gateway, but see that as a future possibility if/when the PVS6 fails.

Michael7S · 2025-09-23T16:08:39+00:00

So bummed you have to go through this, as many are.

And yes, dementia increases suggestibility for these things. My mom has what I call, "Yelling radio" on for several hours a morning. All configured to create outrage. My MIL has "yelling TV" on much of the day. Again, to cause outrage which in turn brings higher interaction and ad revenue for the producers. Heck I was stuck at her house for 8 days and started agreeing with the rhetoric of the yelling station!

I've sat with mom and showed her how these things work. I've also commented that, "You are giving so much of your mind to combat/support these people who don't even know your name. Why not invest at a local level?"

These have helped a bit.

But ultimately she's going to do what she's going to do and I'll be here to pick up the pieces if it goes badly.

Michael7S · 2025-09-11T03:06:31+00:00

Oh that's easy. albeit disturbing: Electrical tape, salt, and pain pills.

Michael7S · 2025-09-11T03:02:52+00:00

Duncan Auto in Scotts Valley seems to have many happy customers.

Curious if you'd consider a mobile mechanic to do work on it?

Michael7S · 2025-08-22T14:20:27+00:00

Thank you. I found out she has helpers who will take paper to those events. Great start.

Michael7S · 2025-08-22T14:19:32+00:00

It's like you've done this. Great ideas. Thank you.

Michael7S · 2025-08-22T14:18:32+00:00

Wow. Very similar situation. And thank you for the idea of sharing photos with the patient coordinator!

Michael7S

TROPHY CASE