Showing posts with label Sun1031 did nothing. Show all posts
Showing posts with label Sun1031 did nothing. Show all posts

Sunday, June 14, 2009

Why did SUN1031 do Nothing?!

Before the real estate market truly turned dour, most of SUN's Tic's were underperforming and bleeding $$. For a while, a lot this was obscured by CUSA's constant excuses when owners complained or sensed what was coming. CUSA wanted to just keep taking the $ and they did. They knew what was happening.

CUSA eventually blamed SUN1031 for obtaining (overall) poor properties and SUN1031 blamed CUSA for poor management.

You know where owners ended up.

There was also the 'claims' that SUN1031 did some manipulation of paying some distributions in the beginning of a property's payouts to further hide the facts that a property was going to have trouble.

One of the most perplexing issues is how SUN1031 could not do better for their investors as this was coming to pass. It created ill will among a lot of people who talk to other people across the nation.

Sun's investors have not only lost confidence AND respect for SUN1031, they feel they've been defrauded.

As business owners, how could SUN1031 NOT issue damage control and try to help. They are either complete frauds or inept. When a company would sit by and not help their "customers" is bizarre business behavior.

Oh yeah, they have to "remain neutral". Ever hear that from SUN1031?

How many people would now recommend SUN1031 to anyone?!
Thus, they will have to continue to obtain new clients who don't know their history. That's one of the hardest ways to run a business – to discard current customers. Unless you've made so much from those first customers they simply don't care.

SUN1031 sure wasn't neutral making a ton of money on investors' backs, selling properties at inflated prices with dubious 'pro rata', disclosures.