BLUE CHIP?
IT'S JUST DREADFUL
The Headlines Scream...
“The trans-Tasman waters are getting murkier for Blue Chip as it battles Kiwi investors and Australian shareholders”
“Desperate Blue Chip Investors await Rent”
“Blue Chip Investors Back Call For Action”
...and to top it all off City Sales received on 18 January from Blue Chip’s lawyers a threat of injunction to stop us making “Deliberately false statements affecting the business of Diem Limited” (Blue Chip).
Hello?
It appears that our attempts to tell it like it is to the bourgeoning number of Blue Chip “investors” worried sick about the appalling situation they find themselves in has annoyed the Directors of Blue Chip.
Trying to muzzle me from telling potential clients the truth as to what their property is actually worth and what to do about it is like waving the proverbial red flag to a bull.
Yes, I responded immediately requesting an apology but have not received one.
Consider this, from the past two day’s enquiries:
We have an elderly gentleman in Katikati who paid $560,000 for a leasehold two bedroom we say is worth half. And fortnightly: “the rent will come in next week”. Not just distraught he says he will end up in a tent.
A young girl, mortgaged over the hilt, bought a leasehold two bedroom for $525,000 from a party associated with Blue Chip who had just paid $349,000. The Body Corporate is threatening her because Blue Chip has not been paying them, or her, or anyone it seems and the suite is vacant. And really vacant. No furniture package to be seen.
A struggling mother/school social worker from Massey and her builder husband paid $322,000 for a leasehold one bedroom and have received no rent since December. We appraised the unit at $240,000 and when she complained to Blue Chip they scoffed at us labeling City Sales as “rubbish”. We have since been backed up on appraisal by a colleague Agency. The bank is already threatening and the husband, often in tears, is considering moving to the mines in Australia to make some urgent money - but I am sure we can work this one out.
And it is all facilitated by the intellectually dishonest valuation practice that has supported the sales.
If you need help call me personally – we have the systems and integrity to give you immediate and unbiased advice.
The first step is to have City Sales manage your investment – a licensed Real Estate Agent audited quarterly and backed by the Real Estate Institute’s Fidelity Fund.
More on the Valuation debacle soon.
Call us.
Martin
0274-984097
(09) 3030-601
