Westwick Construction Patrick Johnson And Rebecca Johnson owner-financed contract ripoff; home not valued at what contract states; home valued $13, 000 less Internet, Internet
Owner-financed contract signed January 21, 2010 has a balloon payment of $126,450; home is worth only $113,000 per Zillow.com. Mortgage Company iMortgage (713) 395-6920 states additional $13,450 needed from buyer to close loan. Buyer does not have funds.
I am a Disabled American-Vietnam Veteran living on benefits from U.S. Dept. of Veterans Affairs.
Seller Westwick Builders aka Westwick Construction acted in "bad faith" - would not make repairs to home, broken windows, add screens to windows (verbal) after buyer paid $14,500 down payment (10%) on home purportedly worth $145,000.
Note will become due October 1, 2012
1 Updates & Rebuttals
Robert
Buffalo,New York,
USA
Zillow as basis of a Rip Off?
#2Consumer Comment
Fri, June 08, 2012
Owner-financed contract signed January 21, 2010 has a balloon payment of $126,450; home is worth only $113,000 per Zillow.com.
You should know that Zillow (IMO) is not an accurate assessment of the value of your home. I have several properties and when checked on Zillow, some are OVER valued and some are UNDER valued.
I suggest you have an independent appraisal made by a reputable realtor in your area.