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Report: #612407

Complaint Review: Zinc Financial - Clovis California

  • Submitted:
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  • Reported By: Zinc Financial Victim — Los Angeles California United States of America
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  • Zinc Financial 2525 Alluvial Suite 60 Clovis, California United States of America

Zinc Financial Todd Pigott Thief, Fraud, DONT TRUST ZINC FINANCIAL Clovis, California

*REBUTTAL Owner of company: ZINC Financial-Rebuttal

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                          Zinc Financial- Todd Pigott-Clovis California


                         STAY CLEAR. Thieves-Liars-Con Artist-Rip-offs


Zinc Financial and Todd Pigott Foreclosed on my home, when I was current. Thats right. This company will be shut down. They prey on innocent people in which they feel do not have the wherewithal to fight back. They advertise as a re-hab lender, but truly what they do is loan you money, have you pay to fix up the property, then demand that you refi. And if you do not, they sale the home after you have fixed it up. Does not matter that you are under no contractual obligation to refi, current on your payments, does not matter, they feel they can foreclose and outspend you in court and you will eventually surrender to them.


Trust me when I say stay clear. DONT BE A VICTIM. I have a Superior court case filed as of the date of this posting. I will keep you updated as to the results. They have met their match. I have planted my feet and will spend every last dime til they answer for what they have done. Keep you posted. Good luck.

This report was posted on Ripoff Report on 06/09/2010 09:38 PM and is a permanent record located here: https://www.ripoffreport.com/reports/zinc-financial/clovis-california-/zinc-financial-todd-pigott-thief-fraud-dont-trust-zinc-financial-clovis-california-612407. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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Updates & Rebuttals

REBUTTALS & REPLIES:
0Author
0Consumer
1Employee/Owner

#1 REBUTTAL Owner of company

ZINC Financial-Rebuttal

AUTHOR: ZINC - (USA)

POSTED: Wednesday, December 15, 2010

Good Afternoon-


Thank you for taking the time and energy to review our rebuttal.  I think its very important to review the facts of this specific situation.


1.  "ZINC Foreclosed on my home, when I was current."


ZINC has never foreclosed on a property when the borrower was current. We would loose our Lenders license.   This borrower was in full default both in payments, insurance and property taxes, when the foreclosure process began.


2.  "They prey on innocent people"  


We are direct lender Licensed in multiple states.  We are regulated at the State and Federal level, and we are audited annually.  We have a 100% satisfactory compliance record, with NO infractions or disciplinary issues.  ZINC is a rehab lender, loaning money to investors who purchase properties at a disposition value rehab them and resell them for a profit.  So long as the investor/borrower maintains their promise as outlined in the promissory note there are no issues or problems.


3.  "The company will be shut down" 


See above, we have a 100% satisfactory record both at the State and Federal regulatory level with no disciplinary issues.  We will not be shut down.  We have been featured in numerous trade publications, speaking events and industry seminars as experts in our field.


4.  "..they demand that you refi" 


We are a short term rehab lender only, our loan programs are posted on our website and outlined in our loan documents.  The exit strategy needs to be clear before borrowing these funds, as we clearly are a short term lender only.  We are NOT a long term consumer loan lender.


5.  "I have a superior court case filed as of the date of this posting" 


This is correct, the plaintiff filed a court case, later settled by the PLAINTIFF (thats right the poster of this posting) paying ZINC in excess of $18,000 in restitution for legal fees, and the judge permanently dismissed their case.


SUMMARY:


The bottom line is this poster borrowed money, did not pay if back, then became delinquent on property taxes and insurance.  They then filed 3 Bankruptcy proceedings and a superior court claim for damages.  In the end, the trustee dismissed ALL 3 BK filings and then issued a court order, that they could not file any more to delay the sale of this property.  Their Superior Court action was dismissed with the plaintiff paying ZINC's legal fees.  The house eventually reverted back to the lender, and was finally sold in November 2010 at a substantial loss.  The home suffered substantial property damage and vandalism by the previous owner, the owner of this posting.


Thank you for your time and consideration in reading our rebuttal.  We certainly hope you never have to endure this type of abuse.  Feel free to visit zincfinancial.net for any further information.


 


 


 


 


 


 

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