US2014358729A1PendingUtilityA1
Method for managing a home equity sales program
Est. expiryNov 18, 2023(expired)· nominal 20-yr term from priority
Inventors:Nelson Schneider
G06Q 40/03G06Q 30/0613G06Q 40/06G06Q 50/16G06Q 20/10G06Q 40/00G06Q 40/02G06Q 40/04G06Q 50/163
60
PatentIndex Score
0
Cited by
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References
0
Claims
Abstract
A system and method for conducting a home equity sales (HES) program enables a real estate property owner to sell a partial equity ownership interest in a real estate property. This allows the property owner to sell the interest outright to an investor and receive compensation for the sale of the interest. The property interests of the property owner and the investor are both recorded in property records relating to that particular property. The property owner may sell multiple interests in the same property and an investor may also purchase these multiple interests.
Claims
exact text as granted — not AI-modifiedWhat is claimed is:
1 . A method comprising: locating an investor; locating an owner of at least a minimum amount of equity in real property; and facilitating a transaction between the owner and investor using a facilitator, said transaction including: (a) transfer of a partial present interest in the property in exchange for consideration from the investor and (b) payment of a commission by at least one of the investor and the owner to the facilitator.Join the waitlist — get patent alerts
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