Mortgage assistant method

Abstract

Disclosed is four new financing methods, one of which involves financing of a set portion, say 50%, of a mortgage secured by junior lien on the property for say 10 years, and offering the option to mortgagee of buying out the lender once a year, say by any year ends, for the repayment of the loan plus say 1% of the property fair value, whereas mortgagee and lender may form a joint venture, in which lender may buy life insurance on the mortgagee, to clear obligations, should mortgagee pass away, in which case the lender, as sole beneficiary receives the policy benefit. The other three, are novel modifications of the same, yielding to novel financing methods, all aiming to help distressed property owners to keep their property in hardship.

Dependencies are inferred from the claim text.