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HouseCanary files for Chapter 11 amid dispute over $260M damages

HousingWire reports the firm defaulted on a $30M loan due in January and is seeking payment tied to a March 2026 trade secret verdict.

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HouseCanary has filed for Chapter 11 bankruptcy after defaulting on a $30 million loan that came due in January, according to HousingWire, citing risk that a lender could sell the business before it collects damages.

The company is seeking up to $260 million from Rocket Close, the title segment of Rocket Companies, tied to a March 2026 trade secret verdict, though a final judgment is still pending.

HousingWire reports that the dispute dates back to a limited deal that allowed Amrock, now known as Rocket Close, to use HouseCanary software to value homes, with HouseCanary later counter-suing over alleged trade secret theft.

In its bankruptcy filings, HouseCanary said the Chapter 11 protection is intended to prevent an undisclosed lender from seizing the company and selling its operations before it can collect any damages awarded in the Amrock case.

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