All Topics / Heads Up! / Today Tonight 12 Apr 04

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  • Profile photo of perry_oren1000perry_oren1000
    Member
    @perry_oren1000
    Join Date: 2001
    Post Count: 1

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    Hi Everyone

    I happened to be at home tonight and saw a story on someone offering wraps who has victimised a client.

    I don’t know abput anyone else, but I feel they have certainly done the wrappers a disservice with sucvh behaviour.

    What does anyone else feel ?

    The story transcript is at http://www.todaytonight.com.au/stories/904184.html

    Regards, …


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    Profile photo of milkmanjrmilkmanjr
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    @milkmanjr
    Join Date: 2003
    Post Count: 129

    I saw that last night also.
    It annoys me when I see beat up stories about dodgy operators, then likens all wrappers to them.
    I do feel sorry for the people who purchased the property, but there must be some blame placed upon them for entering the contract to begin with.
    There are plenty of people/organisations offering vendor finance, and this one seemed to have them most fees I have ever seen. Just as one would compare different loans with a bank, these people should compare different terms and contracts with wrappers.
    What also annoys me is that one week TT is giving wraps a good profile with operators such as Rick Otton, then the next they are exposing a sham operator, whislt claiming that wraps should be avoided at all costs.

    The issue, and this is nothing new, is that it is the people behind the wrap that make the deals good or bad. Not the process of wrapping itself.

    Profile photo of fostonfoston
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    @foston
    Join Date: 2003
    Post Count: 111

    I also watched it and i agree companies like this give the genuine wrappers a bad name.[angry2][thumbsdownanim I feel sorry [glum]for the family caught up in this as they only wanted what most Australian families want and that is a home to call their own, however from what i saw they signed contracts without getting them checked by their solicitor. If the company would not let their solicitor view the documents alarm bells should have started ringing and they should have walked away.
    Foston

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