HouseCanary Files for Bankruptcy to Block Asset Foreclosure

HouseCanary Inc. and five affiliated companies filed for Chapter 11 bankruptcy protection on September 23, 2026, in the U.S. Bankruptcy Court for the District of New Jersey. The filing was timed to block a public foreclosure sale of substantially all company assets in California scheduled for the same day by secured creditor Ocean II PLO LLC.

CEO Chris Rediger stated the company defaulted on a $30 million loan in January. The bankruptcy filing allows the valuation-tech firm to maintain operations while it attempts to collect a jury award from Rocket Close, a subsidiary of Rocket Companies. In March 2026, a San Antonio jury awarded HouseCanary $175 million in a trade secrets case involving automated valuation models, a total that could exceed $260 million including interest and fees.

Rocket Close intends to appeal the verdict. HouseCanary, which partners with Google for home-listing ads and provides data for over 136 million properties, plans to borrow up to $15 million to fund its restructuring process.