Zillow Fake Floreclosures
- Federal Valuation Agency Impact on Appraisers & the Public - July 22, 2022
- Is Georgia Going Rogue? - June 13, 2022
- Bias in Automated Valuation Models - February 28, 2022
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:
- Phil Crawford: Voice of Appraisal (Podcast E162)
- Ann O’Rouke: Appraisal Today
- Appraisersblogs The First AMC for Agents
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.