Industry NewsTechnology

First American sues 8 rivals over AVMs

Patent infringement lawsuit seeks damages from Zillow, LPS, others

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

First American CoreLogic Inc. has filed a lawsuit against eight companies, including Zillow Inc. and Lender Processing Services Inc., claiming the companies' automated property valuation services infringe on a 1994 patent. In its complaint, CoreLogic seeks an injunction against the companies to prohibit them from using or selling any products that fall within the scope of the patent, and for triple damages to "compensate CoreLogic for its profits lost." None of the companies named in the April 16 lawsuit have filed formal a response to the complaint, and none would comment to Inman News. The companies named in the lawsuit provide automated valuation model (AVM) services to businesses or consumers -- computer-generated property value estimates that typically rely on a property's unique characteristics, public property records and other market statistics. A spokeswoman for Zillow -- a site that became one of the Internet's most popular real estate po...