Method of converting senior rental real property into private title ownership for senior person

A method of purchasing senior rental real property for seniors via an online system which comprises a property platform which is a website for said seniors to access through a public communication network, wherein said seniors are tenants of a plurality of rental apartments of a senior rental real property respectively, the method comprising steps of:

• (a) pre-qualifying reverse mortgage loans to said seniors who are said tenants of said plurality of rental apartments of said senior rental real property as conditional purchasers through said property platform;
• (b) via said public communication network, receiving a preliminary sale agreement by said property platform, which is executed between said seniors as conditional purchasers and a seller of said senior rental real property, wherein, in said preliminary sale agreement, said conditional purchasers are pre-qualified for said reverse mortgage loans respectively, wherein after each said conditional purchaser logs in said property platform via a first internet-enabled device of each said conditional purchaser, each said conditional purchaser is able to access said property platform to view said preliminary sale agreement;
• (c) via said public communication network, sending said preliminary sale agreement from said property platform to a second internet-enabled device of a development group;
• (d) converting building structures of said rental apartments of said senior rental real property into a plurality of condominium properties according to corresponding State laws by said development group such that a sole ownership of said senior rental real property is converted into multiple ownerships for sale units, wherein a market value of each of said condominium properties must be higher than a sale price of said corresponding rental apartment of said senior rental real property;
• (e) selling said plurality of condominium properties to said conditional purchasers respectively, wherein an amount of said reverse mortgage loan, in responsive to said market value of each of said plurality of condominium properties, is pre-arranged for paying off said corresponding apartment of said rental real property at said sale price thereof and a conversion cost of said corresponding apartment;
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• (f) updating information of said plurality of condominium properties regarding apartment conversion to said first internet-enabled device of said conditional purchasers by said property platform until said plurality of condominium properties is purchased by said conditional purchasers respectively, such that said seniors who were originally tenants of said plurality of rental apartments of said rental real property become owners of said plurality of condominium properties after conversion respectively while said seniors are rent-free and mortgage payment free to live in said plurality of condominium properties respectively.