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Wealth Professional | 26 Mar 2018, 06:58 AM Agree 0
Appraisals body says investors will benefit
  • Peter | 26 Mar 2018, 08:25 AM Agree 0
    Every project that I invested my clients' investments had a full independent appraisal completed by a fully accredited appraiser. The big problem is not the appraisal, even though there were some falsified appraisals prepared by accredited appraisers

    The big problem with the industry is that the regulators are not regulating the syndicated mortgage companies and the principals themselves. There are no regulations in place that prevent the principals from embezzling or misappropriating the funds. That has been the big problem!

    The regulators do not audit or even have to approve each offering. The regulators do not require annual financial statements from the companies to assure their liquidity and stability. The regulators do not even look at the completed FSCO disclosure documentation, until it is much too late.
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