Negative Home Equity Still Plagues 13 Million Mortgage Loans
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Chad M Cohen made a sale of 585, valued at $1,895. #passfail
As of: 01/18/2013
Chad M Cohen made a sale of 893, valued at $3,474. #passfail
As of: 01/18/2013
Chad M Cohen made a sale of 339, valued at $1,098. #passfail
As of: 01/18/2013
Important development Zillow used social mediato connect with shareholders!!!!
Zillow is guide to value and should not be used as a tool for banks to short cut home apraisals---
Best way to invest in real estate- housing get a tech and housing play!
Mon 7:54 AM Write a Reply
Zillow impose unwanted and erroneous zestimates on 110 million homes and accept that 17% of these are more than 25% incorrect. That means almost 20 million home have incorrect zestimate valuations BUT Zillow refuse all reasonable requests from homeowners to correct or delete these erroneous valuations. This is outrageous and it is time our elected representatives caught up with technology and imposed some form of regulation over AVM websites like Zillow to protect homeowners from fundamentally unfair practices.
Thu, Feb 28 9:36 PM Write a Reply
I am a Zillow cynic who has a problem with Zillow posting inaccurate zestimates on private property using a flawed algorithm and crap source data and refusing all reasonable requests by homeowners to correct or delete the erroneous zestimate. If any homeowner wants to raise a question about the zestimate Zillow publish on their home there are NO contact details to either email or telephone Zillow. The homeowner has to post in public on the Zillow Advice Forum where they are subjected to snide, snarky and hostile attacks for daring to question the fallibility of the mighty zestimate.
There are a handful of Zillow 'cheerleaders who have made tens of thousands of posts putting down homeowners in this way. Don't believe me? then Google 'Zillow zestimate nonsense, accuracy / inaccuracy' or something similar and read some of the threads on the Zillow forum to see for yourself how outrageous Zillows approach to customer service is.
In my case after repeated posts ridiculing Zillows zestimates they deleted me from their website which I don't have a problem with as I have no desire to ever look at it. However, by doing so they also took control of my home, and and also deleted the updates that I had made with the effect that an already inaccurate zestimate was reduced by a further $30,000, making the zestimate totally meaningless. Is this how homeowners should be treated? It's one thing saying that zestimates are a starting point, but when enough facts are presented to demonstrate it is meaningless, then continued publication of a significant incorrect valuation becomes harassment of the homeowner. What zillow depend on is that people who make complaints on the Zillow Forum make 1 or 2 posts and give up after being viciously attacked. Well some of us are more persistent and will continue to highlight Zillows failings, whether they are related to its flawed zestimate algorithm or the conduct of how it operates as a listed company.
So the real question is what motivates Zillow to refuse all requests by homeowners to correct erroneous zestimates? Surely Zillow would be a more useful consumer tool if the zestimates were accurate. Eventually our elected officials will catch up with technology and impose regualtion on companies like zillow that ensures they operate in a fair minded way without trampling over the front yard of private property the way they currently do with their cyber trespass by imposing inaccurate home valuations.
Sat, Jan 5 6:30 PM Write a Reply
Zillow, Inc. was incorporated in Washington in December 2004.It provides vital information about homes, real estate listings and mortgages through its website and mobile applications, enabling homeowners, buyers, sellers and renters to connect with real estate and mortgage professionals suited to meet their needs. It believes the following activities represent large market opportunities for them: Purchase and Sale, Rental, Home Financing & Home Maintenance and Improvement. There are many industry challenges faced by them: Highly Fragmented, Local and Complex Market, Absence of Consumer Orientation, Increasing Role of the Internet and Mobile Technologies. It believes it has the following competitive advantages: Inimitable Database, Independent Market Position and Consumer Focus, Powerful Brand and Scale, Consumer-Oriented Mortgage Marketplace, Personalized Experience, Mobile Leadership & Proven Management Team. Its growth strategies are: Focus on Consumers, Enhance its Living Database, Pursue Strategic Opportunities, Expand its Mobile Leadership & Leverage its Sales Force.