First American CoreLogic is sueing Zillow and others.
First American CoreLogic is sueing 6 firms for the use of their patented Automation Valuation Model. It seems that these companuies use this in there service and have not given credit to CoreLogic. The other firms involved are
- Zillow, Seattle Washington
- Fiserve Inc., Wisconsin;
- IntelliReal LLC, Denver;
- Interthinx Inc., Agoura Hills;
- Lender
Processing Services Inc., Florida;
- Precision Appraisal Services Inc., New Jersey;
- Real Data Inc., Houston;
- Realec Technologies Inc.,Houston.
The firms are asked to stop using the technology and this would be a hugh impact on Zillow on its zestimates. THis will be worth watching to see how it plays out.
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