Online creation and management of a short sale transaction of real property
AssigneeAuction.com, LLC
InventorJason Allnutt
Life of this patent
Estimating the term…
Abstract
A computer-implemented method for creating a short sale for a real property asset is provided. The method includes providing a seller interface for network communication with a seller and prompting the seller for information associated with the real property asset. The information includes media content relating to different points-of-interest of the asset. The information associated with the asset is aggregated to generate a short sale listing. The seller is also prompted for financial hardship information, and market information regarding the real property asset. The financial hardship information and the market information are assembled into a short sale package for submission to a lending institution that holds a note on the real property asset.
Claims20
A computer-implemented method for creating a short sale for a real property asset, the real property asset being subject to a loan held by a lending institution, the method being implemented by one or more processors linked to a network and comprising:
- providing a seller interface for network communication with a seller;
- prompting the seller for information associated with the real property asset, the information including media content relating to different points-of-interest of the real property asset;
- aggregating the information associated with the real property asset to generate a short sale listing;
- prompting the seller for financial hardship information;
- prompting the seller for market information regarding the real property asset;
- and
- assembling the financial hardship information and the market information into a short sale package for submission to the lending institution.
A system for creating a short sale for a real property asset, the real property asset being subject to a loan held by a lending institution, the system comprising:
- one or more processors linked to a network to implement a seller network interface, the one or more processors operable to:
- provide the seller network interface for network communication with a seller;
- prompt the seller for information associated with the real property asset, the information including media content relating to different points-of-interest of the real property asset;
- and
- aggregate the information associated with the real property asset to generate a short sale listing.
A non-transitory computer-readable medium storing instructions for creating a short sale for a real property asset, the real property asset being subject to a loan held by a lending institution, wherein the instructions, when executed by one or more processors linked to a network, cause the one or more processors to:
- provide a seller interface for network communication with a seller;
- prompt the seller for information associated with the real property asset, the information including media content relating to different points-of-interest of the real property asset;
- and
- aggregate the information associated with the real property asset to generate a short sale listing.
Dependencies are inferred from the claim text.