AZ Real Estate Commentary

FNC lawsuit over national database of information using appraisers' data has been delayed by federal judge

Newspaper_clip_art According to an Associated Press article (3/24/2009):

A lawsuit filed against an Internet-based real estate listing company accusing it of improperly listing properties has been delayed by a federal judge.

The case stems from a 2007 complaint by residential real estate appraisers in Maryland, Oklahoma and Virginia.

They claimed Oxford-based FNC Inc. built a national database of information about properties using appraisers' information, and now competes with them at their own expense with an Internet-based system.

A trial in U.S. District Court in Greenville had been scheduled for Wednesday. It was indefinitely delayed this past week by U.S. District Judge Glen Davidson. No new trial date was set.

Finger Click here for the complete Forbes.com article


Posted by Ron Stalzer on March 24th, 2009 9:33 AMPost a Comment (0)

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Ron Stalzer is an Appraiser and REALTOR, earning the prestigious RAA designation


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