Zillow filed a lawsuit that alleges patent infringement for one of Trulia's features that updates property-valuation estimates.
The loans which have been written-off are mainly because of property re-valuation.
There are also serious problems over the valuation of the property they own.
ECONOMIST: Slow, quick, quick, slow are the dance-steps of reform
Next week we investigate allegations of fraud and over valuation in the property market which has already seen some prices fall by as much as 60%.
At the end of the year they had a fair valuation of each property which was the average of the two numbers that the consultants had arrived at.
In the 21st Century economy, intangible assets like intellectual property comprise an increasing percentage of corporate valuation, making it imperative that these assets are protected in any new trade deal.
Few banks hold their commercial-property portfolios anywhere close to the 50-60 cents on the dollar valuation that Goldman does.
To ensure a fair valuation, they appointed two sets of consultants to value each property and set deadlines for the process to be completed.
Unless people were getting fancy with valuation for estate tax purposes or the value of the underlying property skyrocketed in a very short period, you would expect that the transaction would be close to a wash for federal income tax purposes.
If one thinks of a valuation as future earnings discounted by some interest rate, then lower interest rates lead to higher property values.
FORBES: Real Estate Forecast 2013-2014: Commercial Properties
Buy a major property, say in broadcasting, at a 30 percent premium, and watch comparable properties move closer to deal premium valuation.
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