What going on with FCI Exchange ?

[Account Closed]

just received this email, Are they out of business?

FCI Exchange "Site Closing Notice"

FCI Exchange has had a wonderful 8 year run and we wish to thank all of our platform users.

[Chris Seveney]

@Jay Hinrichs

I get atleast one call per month from someone who bought a note and are in trouble. In most instances they did not do proper due diligence and/or know the laws. By the time they seek assistance it’s far too late. Recently had someone who bought a note which had over $20k in taxes and fines on it that they were not aware of as they never ran a title report.

Having no experience and Starting out with 2nds because they are cheap is like randomly buying penny stocks - it’s a guess and you hope to hit it right