Zillow Fake Floreclosures

VaCAP Board

VaCAP Board

Coalition of Appraisers in Virginia at Virginia Coalition of Appraiser Professionals
Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.
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Fake Foreclosures Listed on Zillow - StopZillow - AppraisersBlogs

Zillow Lists "Fake Foreclosures"…

We have all heard the term "Fake News" by now… We now have "Fake Foreclosures"

According to a local TV station in the Grand Rapids Michigan area, Zillow is falsely posting homes were foreclosed on, when they were not. Are these posting an honest mistake? Or are they a planned maneuver to overtake the Real Estate Industry. Regardless of the answer, the owners of the property have been harmed and Zillow should be held accountable. See the story here or watch Target 8 investigation below.

In Virginia, foreclosure and title transfers are public record. This information is available for everyone to see. However, just because information is available to the public, should it be advertised in a public forum?

This is a very interesting story and is just another eye opener to the industry Zillow is out of control and needs to be stopped. VaCAP sent out an article on Monday, Zillow, The First “Agent Management Company” (AMC) for the Real Estate Agent.

Others that are talking about Zillow:

If you have not visited the StopZillow.com you should definitely take a look and sign the petition. The petition has gained 39,000 signatures!

Excerpt from the "Check your address: Zillow lists false foreclosures" article

…had been flagged as a foreclosure on the popular website Zillow.

“We didn’t know what in the world to think,” Pete Hall recalled. “We emailed (Zillow) and told them it was totally erroneous, there was no foreclosure, and we demanded that it be removed.”

The Halls say they’ve never missed a payment on the house.

After Target 8 contacted Zillow, the company acknowledged its mistake. Zillow removed the inaccurate foreclosure reference, but by that time, the potential buyer had moved on and word had spread…. Several months later, in June, the Halls’ property showed up on Zillow as foreclosed again.

VaCAP Board

VaCAP Board

Coalition of individual appraisers working together to unite, promote and protect the collective interests of all appraisal professionals in Virginia; to promote needed changes in laws, rules, regulations, policies and standards affecting all appraisers in Virginia; to observe and report the actions of regulatory, legislative, oversight, and standards-setting entities of the Commonwealth.

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8 Responses

  1. Eric West says:

    “Zillow takes data accuracy very seriously” …. and if you believe that line of bull, I’ve got a bridge to sell you in Brooklyn!!! LOL I’ve learned first-hand what a bumbling incompetent cesspool of inconsistency, mismanagement, and inaccuracy Zillow really is (just like most faceless data-aggregators in the tech industry nowadays).

    “The company says it initially got bad information regarding the property and a data update in June mistakenly reflagged the property as being in foreclosure” … sadly, this kind of irresponsible negligence is NORMAL for Zillow. they rely on sketchy 3rd party “data vendors” and refuse to take responsibility for their own sloppy mistakes, instead throwing up roadblocks, passing the buck, and generally doing their very best to show ZERO customer service skills or pragmatic initiative. Just a giant failure of a company! Anyone who thinks Zillow is a legitimate reliable source for ANY kind of data is very badly mistaken.

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  2. Ralph says:

    Just wait until people start showing up at properties and walking around them, thinking they have been foreclosed upon, only to find out that they are occupied and someone gets shot and killed, and Zillow faces a major lawsuit in which their false reporting, lead to a death…. I can easily see this happening.

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  3. JB says:

    Zillow is a joke. Lots of fake rentals and fake for sale listings.

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    • Baggins Baggins says:

      The rental one is the one that matters most for appraisers.  You can not take zillow rental data seriously.  I’ve called down the lists many times, only to find out that zillow and other companies like them big and small, they all use multiple numbers to generate leads.  They have false listings at low numbers, false availability, rehashed old no longer available data, etc, etc.  If you can not personally verify a rental solicitation with the landlord or their agents themselves, don’t believe it.  I called ten different numbers one day and all of them took me back to a zillow lead generation team at a call center.  Damnit son, I’m just trying to verify if this rental is legitimate or not, no I do not want to rent a home or give you my personal information.  Despite technological advancements, it’s still easier to drive around looking at for rent signs than trying to use zillow or any other data aggregator out there.  They’ve monetized all of it and craigslist ain’t craigslist any more.  I will cold call listing agents in the area to see if anyone knows of rentals before I turn to zillow or any other online rental data source for normal residential, and that’s more efficient as well, surprisingly.  It’s official;  big data is bad data.

      Related per main topic;  http://www.foreclosurelaw.org/Colorado_Foreclosure_Law.htm

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  4. Baggins Baggins says:

    Zillow, continuing to monetize local processes. Zillow is not filling a market need here because ptd auctions are pretty well known about now.  Although clearly such an online resource would be considered a nod to international real property investors and llc types whom don’t have time to look into individual county records all day.  This pre reo data must be playing into IDX and investor marketing.  The primary rule for web marketing;  If you don’t have enough data to fill the page, make something up.  If you don’t have data, you can’t sell and promote the product.  Google still has my 10 year old address and I work very very hard to make sure they don’t get updated data.  Welcome to 2017, debt has a cost greater than currency. Privacy has a value greater than gold. This article hits home for the people who don’t belong on this list, in areas were the data does not work. Mark my words, there is much more damage being done in places where this data is working.

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