Systems and methods for providing a marketplace of goods subject to distressed financial obligations

A system for releasing a financial obligation through an exchange of an asset subject to the financial obligation, comprising:

• a processor;
• and
• a memory communicatively coupled with the processor, the system configured to:
• determine an amount of the financial obligation of a first customer to a financial services provider for the asset, wherein the financial services provider has financed the asset for the first customer;
• evaluate a condition of the asset to determine a value of the asset;
• exchange, for the first customer, the asset with a replacement asset listed in the listing database prior to a sale of the asset from the listing database;
• release the first customer of the financial obligation if the value is greater than the financial obligation as determined by the financial services provider;
• place the asset into an exchange pool of assets to make the asset available for purchase by a second customer of the financial services provider, wherein the exchange pool of assets is maintained by the financial services provider and each asset in the exchange pool of assets are subject to at least one of a plurality of loan agreements financed by the financial services provider;
• and
• provide a rental option to the first customer to retain physical possession of the asset until a replacement asset is provided to the first customer from the exchange pool of assets or the asset is automatically sold to a second customer of the financial services provider based upon a parameter of the asset that is entered into a buyer preference database by the second customer, the replacement asset having a reduced financial obligation as compared to the asset and the financial service provider finances the asset for the second customer.