As a previous client of Kidder Mathews, presently involved with a forensic review of documents that Kidder Mathews provided for me during my divorce, I can say the performance of this firm and its employees at the time of my property appraisal, is nothing more than a gross negligence. The individuals involved, Including Peter Shorett, were provided information along with specifics of this property that were never accounted for and should have been. During a very vulnerable and stressful time in my life I was relying on Kidder Mathews' Expertise and knowledge to put together a comprehensive and accurate valuation which should have included major factors such as the severe economic recession which was driving property prices down, not up, at the time of the property valuation, structural and physical problems with the property that were (and still are) so severe as to make the sale of said property unfinance-able by banks and essentially impossible to sell (Kidder Mathews valued my property at $275,000 in 2010 (purchased only four years earlier at $140,000) and to date February 2016 there has been one offer of $130,000 FOUR YEARS AFTER THEIR VALUATION - what's more I have had to dump over $60,000 in this property just to fix some of these problems existing at the time of the valuation and have another $60,000 to go before this property is bank finance-able) - , and faulty comparisons to properties in urban areas when the building in question is in a small, rural community and therefore the sum effect of all these gross omissions and errors was to greatly over inflate the value of the property which in turn has put me in so much financial debt and stress that it has all but ruined my life. When challenged with these negligent discrepancies Peter Shorett became disrespectful and unprofessional towards myself in a verbal conversation then proceeded to hang up on me while in mid conversation and has chosen to turn a blind eye towards myself and the problem he helped create. I approached Kidder Mathews with all the relevant information and requested a redo and corrected appraisal in as professional and non-threatening way that I could and Mr. Shorett did nothing more than try to intimidate and essentially threaten me that they would not cooperate or take any responsibility for their completely erroneous valuation. Obviously this behavior can only be the result of Mr. Shorett knowing that I am correct in the presentation of the facts and he does not want to take ownership for the negligence of his own work. To conclude I would like to quote a client's legal expectation of a services provided by a professional firm, "A fiduciary obligation exists whenever the relationship with the client involves a special trust, confidence, and reliance on the fiduciary to exercise his discretion or expertise in acting for the client. The fiduciary must knowingly accept that trust and confidence to exercise his expertise and discretion to act on the client's behalf.
I would strongly recommend not using Kidder Mathews for your property valuations and if you do be warned and review your valuation with a very critical eye and do NOT rely on an attorney for oversight as mine completely failed to point out these errors at the time as well. read more
