System and method for generating and submitting a bid report for a short sale auction
AssigneeAuction.com, LLC
InventorJason Allnutt
Life of this patent
Estimating the term…
Abstract
A method and system for triggering a short sale auction upon the event of the short sale offer for an item and generating a bid report corresponding to the auction. Examples may include a report generator configured to analyze auction data and generate a bid report accordingly. The report generator may further be configured to submit the bid report to a lienholder of the item. Further variations may include an extension component configured to extend the auction period upon the occurrence of an event.
Claims20
A system comprising:
- one or more servers to provide, via a network, an auction forum interface including one or more listed auctions, the one or more listed auctions including a short sale auction;
- and
- one or more processors to process auction data from the short sale auction and generate a bid report, the short sale auction having an auction period and including a short sale item having an owner, the one or more processors further configured to submit the bid report corresponding to the short sale auction to a lienholder of the short sale item.
A computer-implemented method for generating a bid report, the method being performed by one or more processors and comprising:
- generating an auction forum interface including one or more listed auctions, the auction forum interface including a short sale interface to enable users to submit offers for short sale items;
- in response to receiving a short sale offer for a short sale item, triggering a short sale auction for the short sale item, the short sale auction having an auction period;
- generating a bid report comprising bidding activity associated with the short sale auction;
- and
- submitting the bid report to a lienholder of the short sale item.
A non-transitory computer-readable medium storing instructions, that when executed by one or more processors, cause the one or more processors to perform operations comprising:
- generating an auction forum interface including one or more listed auctions, the auction forum interface including a short sale interface to enable users to submit offers for short sale items;
- in response to receiving a short sale offer for a short sale item, triggering a short sale auction having an auction period for the short sale item;
- after completion of the auction period, generating a bid report comprising bidding activity associated with the short sale auction;
- and
- submitting the bid report to a lienholder of the short sale item.
Dependencies are inferred from the claim text.