Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.
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Have Appraiser Loft executives screwed over appraisers again? VaCAP has been tipped off that the investors at Clarocity have uncovered some truly unbelievable facts within Clarocity Corporation.
VaCAP was aware many of the Appraiser Loft Executives had landed at Clarocity and had previously shared this information with advise to be careful. According to comments on the Investor Bull Board, Clarocity has pulled off an Appraiser Loft like scam on appraisers and investors. Take a look for yourself here.
By the way yesterday, Columbus Day 2018 was the 7 year anniversary of the Appraiser Loft heist! See the HousingWire article here.
Clarocity is a publicly traded company on the Canadian TSX Exchange. As of the close of business 10/08/2018, Clarocity stock was $0.005 CAD which translates to $0.0038 USD.
We can not remind you enough, pay attention to your receivables and perform your due diligence before granting credit to anyone!
If you are owed money by any AMC, contact the lender immediately. Per Dodd-Frank and most state statutes, the lender is responsible for the actions of their agent, the amc. Also file a complaint with your state licensing board.
Comment on Bullboard
How coincidental that Aleksandra’s upcoming vacation to Mexico amid a feverpitch crisis at Clarocity Corp coincides with the 7 year aniversary (to the day!) of the insolvancy of AppraiserLoft.
We discussed MADLIBS of the THERANOS article but do oneself a favor and read this article. Swap out AppraiserLoft, swap in Clarocity. Swap out Aman Makkar, swap in Shane Copeland. Swap out Columbus Day 2011 with Columbus Day 2018:
Blackout or no blackout, it is clear the company is failing to meet it’s committments (and has been for the past 30 days, at minimum). There is no new money funding the burn. Even worse, Copeland stated on the Q2 results they were bringing on “meaningful revenue” in Q3, which means he either 1) lied 2 months into the quarter, or 2) the revenue increased and their inability to satisfy the appraiser payments has now eclipsed $750,000. This is very bad news for us indeed.
The blackout sheild put forward under the false premises that signifigant offers were made has come to an end be it the formal notification from Shane Copeland or of a more authoritative party in Ontario, imminently.