AMC Owes Appraisers $750K

Appraiser Loft like Scam on Appraisers - AMC Owes Appraisers $750KHave 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

Copelands encore…
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:

AppraiserLoft closes its doors, workers told firm insolvent: Sources

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.

VaCAP Board
VaCAP Board

VaCAP Board

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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7 Responses

  1. Avatar EJ says:

    Received a request last week to join a panel from some place I’d never heard of so I asked for their company financial statements to see if they’d qualify for me granting them 30 day maximum credit and I never heard from them again. Imagine that.

  2. Avatar IMJSAYN says:

    How many warning signs do appraisers need? It’s game over for Clarocity!

  3. Avatar BonaFide says:

    AMCs are the greatest ponzi scheme second to bernie

  4. Avatar Diana N says:

    Shades of ES definitely time to get rid of AMCs

  5. Mike Ford Mike Ford says:

    Reminder, California’s BREA couldn’t care less about AMCs or anyone else that fails to pay for services performed by appraisers.

    Perhaps that’s why Clarocity chose to headquarter here in Cali even though their stock cannot legally be offered in the USA.

    To me, the much BIGGER question is why TAF and so many other financial institutions; and even the feds pay any attention to what their leadership and ads proclaim with respect to AI and automated or hybrid systems.

    It’s still a mystery as to which specific rocket scientists put Ernie Durbin on a TAF Board previously. Maybe it’s the same people that nominated him for CRNs 2018 Grand Poohbah Award?

    I wonder why his ‘visions’ failed to show him his company’s future. After ZAIO, his hindsight should have been 20/20. Visionaries just “ain’t what they used to be.”

  6. Avatar marion says:

    Don’t extend credit


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AMC Owes Appraisers $750K

by VaCAP Board time to read: 2 min