The patent badge is an abbreviated version of the USPTO patent document. The patent badge does contain a link to the full patent document.
The patent badge is an abbreviated version of the USPTO patent document. The patent badge covers the following: Patent number, Date patent was issued, Date patent was filed, Title of the patent, Applicant, Inventor, Assignee, Attorney firm, Primary examiner, Assistant examiner, CPCs, and Abstract. The patent badge does contain a link to the full patent document (in Adobe Acrobat format, aka pdf). To download or print any patent click here.
Patent No.:
Date of Patent:
Jan. 14, 2014
Filed:
Feb. 18, 2011
Susan Harper Allen, Irvine, CA (US);
Frank Mckenna, La Jolla, CA (US);
Jacqueline Marie Doty, Olney, MD (US);
Susan Harper Allen, Irvine, CA (US);
Frank McKenna, La Jolla, CA (US);
Jacqueline Marie Doty, Olney, MD (US);
Corelogic Solutions, LLC, Santa Ana, CA (US);
Abstract
A system is disclosed for identifying potential short sale transactions that can be bundled or combined to produce a beneficial result to the financial institutions involved. Embodiments are directed to the identification of properties matching certain criteria that make them likely candidates for a short sale transaction. Other embodiments disclosed herein assess the value of identified properties and associated mortgages to facilitate short sale transactions, so that mortgage holders can have an accurate assessment of potential losses involved in short sale and foreclosure situations where multiple mortgages are involved. One embodiment provides an assessment of estimated potential losses realized by secondary mortgage holders and/or losses avoided by primary mortgage holders in proposed short sale situations. The assessment enables financial institutions involved in certain short sales to offset losses realized and/or avoided with those financial institutions that may have opposite mortgage positions (primary vs. secondary) on other properties.