2 min read
Administrator to take over three more condo corporations, bringing the total to 27
NSSCC 145 and NSCC 47 and 48 are being added without opposition. New rules on who hands back keys, protection for buildings left out, and caps on legal costs.
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5 min read
16 SIREG companies declared bankrupt; head office access returns to court October 26
The bankruptcy order was signed October 20. SIREG Management has shut down, keys and records sit in its Burlington office, and the administrator suspects missing trust money.
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5 min read
Philip's story: two Kipps Lane condos, a vacant unit and mounting debt
Philip & Patricia Stiff - Owners of units 109 & 409 - 756 Kipps Lane, London We purchased these units using the National Bank, who was recommended by Simple Investo…
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1 min read
Video: tenants face an uncertain future amid SIREG Management's financial turmoil
Watch the CTV News report on the uncertainty facing tenants as SIREG Management's financial difficulties unfold.
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2 min read
Liz's video testimonial: a SIREG investor on the future she planned for her daughters
Hi my name is Liz and I bought in to the simple investor renter guarantee idea.
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2 min read
Liz's story: RRSP savings, missed mortgage payments and a MIC investment on hold
My name is Liz RRSP I thought real state was the safe thing to do I defaulted on my mortgages payments Everyone one in my family is worry, stress and sad that we wi…
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2 min read
Edward's story: $107,000 of RRSP savings invested with The Simple Investor
I'm Edward Presta. I invested $107,000 of my RRSP savings with the promise of of receiving a 45% increase in my investment over 1.5 years.
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3 min read
Court appoints Brian Antman as administrator of 24 former SIREG condo corporations
Justice Steele put an administrator in charge, effective immediately. New boards are to be elected within 30 days and he must report back within 45. The list of buildings, his powers and the cost.
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3 min read
October 15: judge holds off on administrator decision, owner meetings cut to 30 days
Justice Steele reserved her decision on the unopposed corporations. Two buildings joined the list, one left, and the draft order was shortened. Here is where each side stood.
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4 min read
October 14 hearing: the administrator plan, the cost, and which buildings it would cover
The owners' motion would hand each board's powers to Brian Antman at $375 an hour, with shadow boards to prepare the handover. Opposition in 13 corporations narrowed the request.
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2 min read
Arlene's story: a 'guaranteed rental income' promise and two mortgages to carry
We are modest people who worked tirelessly for over 25 years to own our home (still paying mortgage payments) and bought into the 'guarantee rental income' investme…
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1 min read
October 13 hearing: lenders move on SIREG properties, owners ask for a temporary administrator
Two mortgage lenders got agreement to enforce, the trustee told the judge 43 buildings are leaderless, and the owners' request for an administrator was put over one day.
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