Clarocity Cites Possible Upcoming Government Shutdown as Excuse to Delay Payments to Appraisers!

From our Sister Coalition in Mississippi:

“BEWARE if you accept any orders from Clarocity. I got a call from one of our members today telling me that Clarocity is citing the upcoming government shutdown as a reason appraisers may not get paid timely on the orders they are currently sending out. ”

Is this FAKE NEWS? 

Well maybe it is.  The financials of Clarocity tell a very different story.

• This news story, tells of a current default on a $20,050,000 debt.
• This news story states their number one investor StableView Assets is disposing of their stock.
• This news story states of a pending sale of all of Clarocity’s assets.
• Maybe it is their public financial statements showing major losses for  many years
• Or Maybe it is their current stock prices that are $0.005 Canadian dollars  ($0 .00375 US Dollars)

Clarocity Stock May 31, 2002 through February 8, 2019

Regardless of the reason Clarocity states payments may be late to appraisers, VaCAP has been warning appraisers about the financial stability of Clarocity for a while. If you choose to do business with Clarocity, we encourage you to take what ever precautions necessary to ensure payment within 30 days as our state law requires.