Computer implemented method for determining lienholder identity and making a short sale offer
AssigneeAuction.com, LLC
InventorJason Allnutt
Life of this patent
Estimating the term…
Abstract
A system and method for identifying a lienholder and making a short sale offer. Examples include a user interface, in which prospective buyers may submit queries to browse listed properties and submit bids and a lienholder determination component configured to ascertain property and lien information. Further examples can include an offer submission interface through which short sale offers may ultimately be submitted.
Claims20
A computer implemented method for managing a short sale transaction, the method being performed by one or more processors and comprising:
- monitoring an auction forum including one or more auctions for items of property;
- detecting a short sale offer for a selected property listed on the auction forum;
- in response to detecting the short sale offer, acquiring lien information for the selected property, the lien information including an account identifier for a lienholder account associated with a lienholder of the selected property;
- accessing the lienholder account to determine contact information for the lienholder of the selected property, and
- based on the contact information, submitting the short sale offer to the lienholder of the selected property.
A system for managing a short sale transaction comprising:
- a property listing database to store lien information corresponding to one or more items of property listed on an auction forum:
- a lienholder database to store lienholder accounts including contact information for lienholders corresponding to the one or more items of property;
- and
- one or more processors to:
- monitor the auction forum, the auction forum including one or more auctions for the items of property;
- detect a short sale offer for a selected property listed on the auction forum;
- in response to detecting the short sale offer, acquire lien information from the property listing database for the selected property, the lien information including an account identifier for a lienholder account associated with a lienholder of the selected property;
- accessing the lienholder account in the lienholder database to determine contact information for the lienholder of the selected property, and
- based on the contact information, submitting the short sale offer to the lienholder of the selected property.
A non-transitory computer readable medium storing instructions that, when executed by one or more processors, cause the one or more processors to perform steps comprising:
- monitoring an auction forum including one or more auctions for items of property;
- detecting a short sale offer for a selected property listed on the auction forum;
- in response to detecting the short sale offer, acquiring lien information for the selected property, the lien information including an account identifier for a lienholder account associated with a lienholder of the selected property;
- accessing the lienholder account to determine contact information for the lienholder of the selected property, and
- based on the contact information, submitting the short sale offer to the lienholder of the selected property.
Dependencies are inferred from the claim text.