In December 1999, new standards were set up to protect investors. By law, any scheme unable to meet these new standards must stop attracting investors and must wind up their operations by 31 October 2001. We have received an increasing number of complaints from consumers and so have stepped in to investigate. Only if your scheme's mortgages are in default. A mortgage is in default when the borrower has missed paying interest or the principal.
Some schemes have many defaulting mortgages, while others have only a few or none at all.
If you are not sure, contact the manager. The borrower may succeed in raising the money to pay you. However, if the borrower cannot pay, and if the mortgaged land cannot be sold for what you are owed, then you face a loss. It all depends on the rules of your mortgage scheme. Some investors can use their full legal rights as mortgagees and sell the mortgaged property.