Method and system for the automation of abatement of fine recovery
AssigneeAssociation Capital Resources, LLC
InventorsWilliam Donald Morean, Christopher Jae Heinberg, Harvey Emory Stringer, JR.
Life of this patent
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AssigneeAssociation Capital Resources, LLC
InventorsWilliam Donald Morean, Christopher Jae Heinberg, Harvey Emory Stringer, JR.
Estimating the term…
Municipalities, local authorities and agencies fine property owners for property infractions each year. When these property fines are not collected, they are turned into a lien assessed against the property, which is superior to other liens, title, and claims until paid. These liens are assessed for violations and accumulated on the real estate title. In many cases these liens are never collected, resulting in the loss of revenue to municipalities, local authorities and agencies. The described methodology is a process to improve on the collectability of these liens. Information is analyzed and categorized according to probability of collection. Once the system determines the value of the special assessment lien, upfront funding can be offered to the municipalities, local authorities and agencies. The system manages the debtor information and communications in order for the municipalities, local authorities and agencies to track collection efforts that contribute to the recovery of lost revenues.
A method comprising:
A lien collection system configured to rank a value of liens to determine the enforcement and collectability by prioritizing municipalities, local authorities and agencies abatement liens, the system comprising:
A non-transitory computer-readable medium having computer-readable instructions stored thereon, the computer-readable instructions comprising:
Dependencies are inferred from the claim text.