Back to results
US 2009/0265181 A1Published application
Valuation using credit score
OwnerSteven Paul Wieseinventor
Life of this patent
Estimating the term…
Abstract
A method of appraising the value of a property based on obtaining a credit score of an owner of a property and assigning an ownership responsibility indicator to the property. The ownership responsibility indicator provides insight into the condition of the property without performing a complete inspection. A more accurate value of the property can then be determined.
Claims20
A computer-implemented method of determining a value of a property including the steps of:
- a) receiving a request for an appraisal of the property;
- b) determining an initial value range or an initial value within the initial value range for the property;
- c) receiving a credit score of an owner of the property from a computer database;
- d) defining an ownership responsibility indicator for the property based on the credit score of the owner of the property;
- e) associating the ownership responsibility indicator with a condition at which the property is maintained;
- and
- f) calculating in a computer a value or a range of values of the property based on the condition of the property determined by the ownership responsibility indicator and based upon the initial value range or the initial value within the initial value range.
4 more elements
A computer-implemented method of determining a value of a property including the steps of:
- a) receiving a request for an appraisal of the property;
- b) determining an initial value range or a specific value within the initial value range for the property;
- c) receiving in a computer a credit score of an owner of the property from a computer database;
- d) receiving in the computer a credit score of at least one previous owner of the property;
- e) defining an ownership responsibility indicator for the property based on the credit score of the owner of the property and the at least one previous owner of the property;
- f) associating the ownership responsibility indicator of the property with a condition of the property;
- and
- g) calculating a value or a range of values of the property with the computer based on the condition of the property determined by the ownership responsibility indicator and based upon the initial value range or the specific value within the value range.
5 more elements
A computer-implemented method of determining a value of a property including the steps of:
- a) receiving a request for an appraisal of the property;
- b) receiving a credit score of an owner of a property from a computer database;
- c) defining an ownership responsibility indicator for the property based on the credit score of the owner of the property;
- d) obtaining property data for a plurality of comparable properties sold;
- e) receiving a credit score for each owner of the plurality of comparable properties sold;
- f) defining an ownership responsibility indicator for the plurality of comparable properties sold based on the credit score of each owner of the plurality of comparable properties sold;
- and
- g) calculating in a computer a value of the property based on a value of the plurality of comparable properties sold having a similar ownership responsibility indicator.
5 more elements
Dependencies are inferred from the claim text.