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Real Estate Research Patents
RealPedia – The Real Estate & Construction WWW Encyclopedia @ BillDoll.com – The Billion Dollar Site
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Real Estate Research Patents
A list of real estate related inventions and patents. This is a continuously updated list. From RealPedia – The Real Estate WWW Encyclopedia
Real Estate Patents courtesy: Google Patents
1. Interactive computer system to match buyers and sellers of real estate & businesses - Richard Fraser
Filing date: Jun 7, 1995 Issue date: Sep 2, 1997
Abstract A method and apparatus of automatically matching sellers of property with potential buyers through a communications network (preferably the Internet) in which a host system communicates with the sellers and the potential buyers over telephone or dedicated data transmission lines. The host system obtains and stores a first set of records each corresponding to a property to be sold. The first set of records can then be search by a remote data terminal associated with a potential buyer. The results of this search are then provided to the potential buyer, who indicates specific property listings that the potential buyer may be interested in purchasing. The potential buyer provides identifying information which is then provided to the sellers of the indicated property. Provisions are made to ensure that the sellers who list property support the system. Further, the system permits automatic evaluation of potential buyers to screen buyers whose information does not match minimum criteria...
2. Real estate search and location system and method - Mark A. Tornetta
Abstract There is provided a method for locating available real estate properties for sale, lease or rental using a database of available properties at a central location and remote stations which use a graphic interface to select desired regions on a map of the areas in interest. The user begins with a region where they are interested in acquiring property and select an inner area within this region by using a pointing device such as a mouse to designate boundaries on a map displayed on screen. This is then zoomed in on and a second area is selected within the zoomed region. The second area is then cross-referenced with the database of available properties whose approximate locations are then pictorially displayed on screen. Information about the properties can then be obtained in textual form.
Filing date: Apr 24, 1989 Issue date: Jul 16, 1991
3. Real estate appraisal using predictive modeling - Allen Jost et al
Abstract An automated real estate appraisal system (100) and method generates estimates of real estate value using a predictive model such as a neural network (908). The predictive model (908) generates these estimates based on learned relationships among variables describing individual property characteristics (905) as well as general neighborhood characteristics at various levels of geographic specificity (906). The system (100) may also output reason codes indicating relative contributions (1009) of various variables to a particular result, and may generate reports (701) describing property valuations, market trend analyses, property conformity information, and recommendations regarding loans based on risk related to a property.
Filing date: Oct 19, 1992 Issue date: Nov 1, 1994
4. Methods and system for data acquisition in a multimedia real estate database - Timothy Robert Brown
Abstract A device for storing information about a plurality of houses, for access by an application program executed on a computer or other like programmable apparatus, comprises a computer-readable storage medium and computer-readable data on the computer-readable storage medium. The computer-readable data is representative of a database containing textual information for each house, at least one exterior image for each house, at least one interior image for each house, and at least one parameter indicating a portion of the exterior image corresponding to the interior image for each house, all in a common database format. Methods, systems, and articles of manufacture for compiling information about a house on a computer-readable storage medium using a computer are disclosed.
Filing date: Jul 14, 1995 Issue date: Aug 11, 1998
5. Real estate appraisal method and device for standardizing real property marketing analysis - John W. Dugan
Abstract A real estate appraisal method in which the buyer of a property assigns points to a subject property and each comparable property based upon an Ideal Point System (IPS). The points assigned, or IPS values, are based upon the desirability factors for each of five categories of criteria. The total possible IPS value for any property is 100, corresponding to 100 per cent desirability. Once the buyer's IPS values are determined, the property may be subsequently used as a comparable property. The appraiser need only select a subject property and obtain IPS values for the subject property. The sales price of each comparable property is then adjusted based upon the relative difference between the IPS values for the comparable properties and the IPS values of the subject property, by dividing the total IPS value for each comparable property with the IPS value for the subject property to obtain a composite adjustment ratio. The adjustment ratio for each comparable property is then multiplie...
Filing date: Nov 21, 1997 Issue date: Jan 5, 1999
6. System and method for computing a comparative value of real estate - John R. Hough
Abstract A system and method for determining comparative values of comparable properties based on assessment percentages and sales data of the comparable properties to ultimately determine a value for a subject property. In a first embodiment, the "assessment percentage" is the "base property tax" for the subject property and comparable property. A price/tax factor is computed for each comparable property by dividing the sale (or sold) price of the comparable property by its base tax. The price/tax factor for each comparable property is then multiplied by the base tax of the subject property to generate a net comparative value for each comparable property. To take into account appreciation for recently sold comparable properties, an average appreciation is obtained for the area in which the subject and comparable properties are located. The average appreciation is pro rated to determine the comparative value for each comparable property. On the basis of the comparative values and other...
Filing date: Mar 6, 1992 Issue date: May 9, 1995
7. Method and apparatus for monitoring the strength of a real estate market or commodity market - Robert E. Rothstein
Abstract By gathering information regarding the total number of sales, total number of pending listings, total number of active listings, and total number of expired listings in a time period, a market index may be derived. This market index can then be charted over a plurality of periods, giving an indication of any temporal trends. The market index can further be used to guide and determine the action of a service provider such as a lender or title insurance company in a proposed real estate transaction.
Filing date: May 31, 1994 Issue date: Jun 3, 1997
8. Computerized system for developing multi-party property equity exchange scenarios - Robert F. Deming, Jr. et al
Abstract A computerized, interactive system to search for and identify possible real property equity exchanges involves the establishment of a data field in an electronic data base to enable a user to develop, locate and identify property trade scenarios. A computer is utilized to process data from a plurality of sources, each providing specifics of the owner's exchange desires and the current property's characteristics. The computer reviews trade location desires of the property owner and finds potential trades from the location of other tradable properties. There need not be a direct match or a reciprocal match between two properties for a possible property exchange to be identified. The system allows identification of exchange scenarios involving many different properties, wherein the exchange scenarios can be circular or open ended.
Filing date: Sep 2, 1993 Issue date: Mar 19, 1996
9. System and method for managing transactions relating to real estate - William M. Raveis, Jr.
Abstract A system and method for managing real estate transactions is provided. The method includes the steps of receiving and storing data relating to a plurality of contacts including buyers and sellers of real estate, receiving and storing data relating to a plurality of vendors each associated with at least one phase of a real estate transaction, accessing vendor data based upon occurrence of a particular phase of the real estate transaction and communicating data relating to the vendors to a contact upon occurrence of the particular phase of the real estate transaction. The system includes means for conducting each of these steps.
Filing date: Dec 10, 1999 Issue date: Nov 20, 2001
10. Large scale distributive video on demand system for the distribution of real estate properties - Douglas Williams
Abstract A network system provides video information on demand concerning real estate properties, and in principle includes a large number of real estate information server locations as viewing sites. The servers are interconnected by a dedicated hard wire network so that video information may be shared. The video information is recorded, stored, transferred, and displayed using high speed digital data handling techniques. The video information is accompanied by digitized audio sound tracks.
Filing date: Mar 14, 1997 Issue date: Feb 2, 1999
11. Global positioning-based real estate database access device and method Brad Wayne Blumberg et al
Abstract A system and method for accessing real estate information over a communications network includes positioning a user at a desired piece of property. A database containing the real estate information is accessible over the communications network, preferably via a wireless device that includes location determination means for determining the geographic position of the user. The wireless device accesses the database via the communications network based upon the current geographic position, and the database returns information relating to the property located proximate to the geographic position of the wireless device.
Filing date: Aug 15, 2000 Issue date: May 7, 2002
12. Method of managing a real estate unit - Donald Gale et al
Abstract A method and apparatus are provided for managing a real estate unit from a remote location. The method includes the steps of accessing a server from a remote location through a website of the server and downloading a set of options regarding the managing of the rental unit from the website to the remote location. The method further includes the steps of selecting at least one of the options, uploading the selected option from the remote location to the server and executing the uploaded selected option by the server.
Filing date: Feb 4, 1999 Issue date: Dec 25, 2001
13. Lighted real estate sign and method of marketing real estate - David Scot Emert
Abstract A lighted real estate sign having at least one translucent face with indicia to convey marketing information pertaining to a parcel of real estate. An internal light illuminates the translucent face and clearly displays the indicia at night. The sign is powered by a battery, and controlled by a control circuit in response to inputs from a solar panel used to recharge the battery, a photocell used to detect appropriate light conditions to illuminate the internal light, and a timer to turn off the light. The real estate sign is attached to a mounting bracket, which, in turn, is anchored to the parcel of real estate. The sign is locked to the mounting bracket to prevent theft and to rigidly maintain the sign and position.
Filing date: Nov 5, 1998 Issue date: Jul 24, 2001
14. Security device for real estate brokers - Thomas A. Maurice
Abstract A real estate security device for controlling access to premises by realtors. A housing having a shackle lock is removably locked to a door handle of the premises. A barrier precludes access to the shackle from an interior of the housing. A portal communicates the housing interior with an area outside through a sliding door. A door lock independent from the shackle lock opens the door to the housing to allow access to contents of the interior where a premises key can be located when the premises' owner wishes to allow access to the premises.
Filing date: Mar 1, 1985 Issue date: Feb 10, 1987
15. System for managing real estate SWAP accounts - Clive H. Austin
Abstract A data processing system for managing a plurality of discrete accounts. Each account provides a swap between a property holder and the plan manager wherein the holder dilutes their exposure to the real estate market by exchanging future appreciation of the property for a current cash flow stream. The system thereafter implements the packaging of plural accounts into baskets of real estate assets and sells this real estate exposure to the institutional market. The data processor retains a system equilibrium by continuously updating the relative positions and the control parameters influencing these positions.
Filing date: Oct 14, 1994 Issue date: Sep 7, 1999
16. Automated sales and services system - Lawrence B. Lockwood
Abstract A system for composing individualized sales presentations created from various textual and graphical information data sources to match customer profiles. The information search and retrieval paths sift through a hierarchy of data sources under multiple operating programs. The system provides the means for synergistically creating and displaying customized presentations in a convenient manner for both the customer and salesperson to achieve a more accurate, efficient and comprehensive marketing presentation. Organizational hierarchies of data sources are arranged so that an infinite number of sales presentation configurations can be created. Multiple micro-programs automatically compose the sales presentations initiated by determinants derived from customer profile information, sales agent assessment data and operator's entries including the retrieval of interrelated textual and graphical information from local and remote storage sources. A similar system can be used for filing...
Filing date: Mar 16, 1994 Issue date: Nov 19, 1996
17. System and process for providing remote interactive access to a real estate information database - Michael D. Sealand et al
Abstract A system and process for providing remote interactive access to a real estate information database using a portable computing device are described. A portable computing device maintains both program code and data exclusively in a general purpose random access memory configured for both transient and persistent storage of program code and data. A database server includes a search engine configured to retrieve listing records from a real estate information database. Each listing record includes a set of characteristics describing an individual real estate property listing. A remote client defines methods in the general purpose random access memory for accessing the real estate information database through the search engine. The methods include a session manager, a search specification method, and a search results display method. The session manager facilitates a dynamic session between the portable computing device and the database server over a communications link. The session...
Filing date: Jun 25, 1999 Issue date: Nov 19, 2002
18. Real estate sign fastener - Donald W. Ripley
Abstract The device is a sign fastening device that is meant to be used to attach one sign to another one above it. The device is a specially shaped wire that can be effectively used on the standard signs that are used in the real estate industry. These signs have holes in the top and bottom edges that can be ideally joined with the device of the present invention.
Filing date: Feb 2, 1990 Issue date: Jun 18, 1991
19. Method and apparatus for managing real estate brokerage referrals - Robert O. Good et al
Abstract A method for managing real estate brokerage referrals in which the referrals are made by a broker for residential real estate. A geographically categorized real estate list is created and reviewed by a potential tenant. From this list the potential tenant makes a selection of a desired apartment complex. An individual referral fee agreement is generated which is specific to the potential tenant and to the specific desired apartment complex. The agreement that is generated is provided to the potential tenant who delivers the agreement to the agent for the desired apartment complex for acceptance by that agent. A broker computer system stores a database of real estate rental listings and is programmed for generating an online brokerage referral fee agreement specific to the potential tenant and the apartment complex when the potential tenant makes a selection of a specific complex from a database. The generated agreement is processed for transfer to a potential tenant computer...
Filing date: Feb 18, 1999 Issue date: Nov 6, 2001
20. Methods and investment instruments for performing tax-deferred real estate exchanges - Neal Roberts et al
Abstract Methods and investment instruments for investing in real estate are described wherein a portfolio of investment real estate is divided into a plurality of tenant-in-common deeds of predetermined denominations, and which are subject to a master agreement and master lease to form "deedshares." Holders of the deedshares receive a guaranteed income stream from the master lease and yearly depreciation, without having to maintain or manage the real estate. The holders of deedshares are subject, under the master agreement, to a mechanism that enables the master tenant to purchase, or arrange for the purchase of the deedshares at fair market value (or some other calculable value) at the end of a specified term. Because the deedshares qualify as interests in investment real estate, they are eligible for tax-deferred treatment under .sctn.1031 of the Internal Revenue Code.
Filing date: Dec 3, 1998 Issue date: Sep 18, 2001
21. Real estate value map computer system - Steven Paul Wiese
Abstract A computer system creates and displays a map image based upon a value database associating a plurality of values each with a geographic location in a geographic area and a map program associating each location with a map image location. The computer system assigns one of a plurality of symbols to each geographic location based upon its associated value. The symbol is then displayed on the map image at the map image location associated with the geographic location.
Filing date: Apr 6, 1999 Issue date: Nov 27, 2001
22. Method of securitizing and trading real estate brokerage options - Warren S. Ashenmil et al
Abstract The present invention relates to a method of creating, purchasing and selling the real estate brokerage commissions typically collected upon the sale of real property. A property owner sells, for a certain consideration, the assignable option to be the owner's broker when the owner decides to resell the property. The compensation paid may be in the form of cash or an equivalent incentive. The option has an expected return associated with it that will vary depending upon a number of factors including, but not limited to, the value of the property and the predicted amount of brokerage commission to be earned upon resale of the property. The option can be sold through securitization or some other method. The option can also become a traded commodity and form the basis for a real estate options and futures market.
Filing date: Feb 9, 2000 Issue date: Sep 2, 2003
23. Geographic specific information search system and method - James P. Sotiroff et al
Abstract A geographic-specific information search system and method comprising a World Wide Web home page and associated script files for searching for housing information in a desired geographic region. The system is configured to display a graphical map and to allow the user to narrow the geographic search area to the desired region. The system is also configured to accept a query criteria and search a database containing property listings for properties listed in the desired region meeting the entered search criteria. A geographic map of the desired region including properties found during the search is displayed and the user is allowed to select properties from the map with a pointing device and subsequently view information describing the selected properties.
Filing date: Jan 29, 1996 Issue date: Dec 22, 1998
24. Real estate coordination program - Scott E. Woodard et al
Abstract A process for managing the showing and usage of real estate up for sale. The process allows buyers to schedule a showing or in person viewing of real estate directly through an Internet web site. The buyer will be able to view the schedule of multiple properties in their area giving them the ability to plan their house hunting expeditions. Sellers of real estate may block out times when they do not want their property shown directly from their own computers. Agents will have complete visibility of the seller's availability time thereby increasing availability to schedule. Sellers will also be able to view when agents have scheduled a showing for their property and gain access to historical records of their property showings. Agents will be able to list properties for showings and make appointments for their clients to view other agents' properties with a click of a mouse. The central scheduling focus will be around the property. The seller's agent along with the seller will...
Filing date: Nov 20, 2000 Issue date: Dec 6, 2005
25. Real estate disclosure reporting method - G. Randall Bell
Abstract A process for the full disclosure of potential detrimental conditions affecting property transactions organizes the spectrum of disclosure issues that are important to lenders and prospective buyers. The real estate disclosure reporting method includes the compilation of a comprehensive list of items of disclosure based upon federal, state, lender and market requirements. These items of disclosure are classified according to condition categories that provide a systematic procedure for researching and a logical organization for reporting known conditions. A disclosure form provides a listing of the items of disclosure according to these categories. A particular form lists over one hundred items of disclosure under ten separate categories. The disclosure form is completed through a process of researching primary, secondary and third-party sources for information regarding a particular property. Primary sources of information include a property walk-through and an owner interview....
Filing date: Sep 15, 2000 Issue date: Jul 20, 2004
26. Real estate database search method - Steven L. Snyder
Abstract The present invention provides a method of searching a plurality of MLS databases including accessing a plurality of MLS databases, resolving an array of schemas from the plurality of MLS databases, establishing a first array of common fields from the array of schemas, establishing a second array of distinct fields from the array of schemas, displaying a search query interface including the first array of common fields and the second array of distinct fields, selecting a root database from the plurality of MLS databases, selecting at least one child database from the plurality of MLS databases, and returning a search query against the root database wherein data from the at least one child database is only included for common fields selected in the search query interface.
Filing date: Nov 2, 2000 Issue date: Feb 11, 2003
27. Real-estate information search and retrieval system - Daniel K. Hartz, Jr. et al
Abstract A search and retrieval system includes a data terminal which displays icons representing properties in a given real-estate market on a digital map. The icons are selectable so that, when selected, information derived from an MLS or other database are displayed in association with the map. In one embodiment, the data terminal is equipped with a GPS receiver and data-enabled mobile phone. The GPS receiver receives location data which is used by a processor to display an icon representing a current location of the terminal within the map. The data-enabled phone links the terminal to a remote server or database of property information, which may also be displayed when property icons are selected on the map. The property information may include media (e.g., bitmap) data that provide a visual depiction of the property icons selected. By integrating all of these digital sources of information on one terminal, the efficiency and accuracy of the property buying experience is significantly...
Filing date: Nov 30, 2001 Issue date: Oct 21, 2003
28. Real estate information exchange process and system - David Allen Faudman
Abstract A system and process includes a computer that is operatively connected to the Internet. A database of MLS properties that are for sale is maintained that is accessible to the computer. Real estate agents must subscribe in order to use the system and are then included in the database. Clients may be either prospective buyers or sellers of the MLS properties. Each client is required to complete a client commitment form whereby the client elects to have a currently subscribing real estate agent represent them before they are allowed access to the information and services provided. Real estate agents may view any of the client's files and activities and post upcoming MLS properties that are to be offered for sale and to FAX property defects to other real estate agents. Agents are also able to view the activity of any of their own listings.
Filing date: Mar 26, 2001 Issue date: Apr 19, 2005
29. Method and apparatus for predicting and reporting a real estate value based on a weighted average of values - Mark Fleming et al
Abstract A system and method of accurately predicting and reporting a value of a property based on a weighted average of values predicted by at least two prediction models. The system and method include the steps of accessing predicted values, determined by the prediction models, for the property; determining property-specific proportional prediction error distribution information for each predicted value determined by each prediction model; assigning a weight to the predicted value determined by each prediction model by using the property-specific proportional prediction error distribution information; and generating a property-specific weighted average value based on combination of the weight and the predicted value determined by each prediction model and reporting the property-specific weighted average value to minimize prediction error during prediction of the property value.
Filing date: Dec 20, 2002 Issue date: Apr 5, 2005
30. Beginning-to-end online automation of real estate transactions - Juan F. Mini et al
Abstract Methods and apparatus are described for facilitating a transaction corresponding to real property between a seller and a buyer via a network. A negotiation relating to the real property between the buyer and the seller is facilitated via the network. Access by at least one of the buyer and the seller via the network to a plurality of real estate services is provided. Each of the plurality of real estate services relates to an aspect of the transaction, and each of the plurality of real estate services is necessary for the transaction to progress.
Filing date: Aug 30, 1999 Issue date: Jan 27, 2004
31. Library structure for video library of real estate properties - Gary Bayless
Abstract A library structure for housing in an organized and catalogued fashion a plurality of video tapes about real estate properties and related services which includes cabinets and teaser video screens displaying interesting or featured properties to attract potential customers of real estate property services.
Filing date: Jan 14, 1988 Issue date: Apr 18, 1989
32. Method and formulating an investment strategy for real estate investment - Peter H. Dubner
Abstract The method discloses a rule-based decision process which formulates an investment strategy in terms of short term debt, long term debt, short term equity, and/or long term equity for a variety of property types and geographic markets. The first phase of the method achieves a visual representation of the condition of each of a selected territory's major markets, showing market direction and volatility determined on the basis of commercially available market research data which has been adjusted by the investing entity in light of actual local experience in the market. The second phase deals with the implications of the first phase results on four possible alternative investment types, namely, short term debt, long term debt, short term equity, and/or long term equity. This is accomplished by formulating a set of decision rules which enable the individual investors of the investing entity to uniformly evaluate specific types of investment for each property type in a respective...
Filing date: Dec 30, 1999 Issue date: May 13, 2003
33. Method for formulating an investment strategy for real estate investments - Peter H. Dubner
Abstract The method discloses a rule-based decision process which formulates an investment strategy in terms of short term debt, long term debt, short term equity, and/or long term equity for a variety of property types and geographic markets. The first phase of the method achieves a visual representation of the condition of each of a selected territory's major markets, showing market direction and volatility determined on the basis of commercially available market research data which has been adjusted by the investing entity in light of actual local experience in the market. The second phase deals with the implications of the first phase results on four possible alternative investment types, namely, short term debt, long term debt, short term equity, and/or long term equity. This is accomplished by formulating a set of decision rules which enable the individual investors of the investing entity to uniformly evaluate specific types of investment for each property type in a respective...
Filing date: May 9, 2003 Issue date: Jan 25, 2005
34. System, method and computer program product for facilitating real estate transactions - Jeffrey C. Smith
Abstract A method for facilitating a real estate transaction includes engaging an initiating party in communication with an initiated party regarding a property, where the parties are engaged for an engagement period. In this regard, the initiating party can be a buyer arrangement or a seller arrangement, with the initiated party being the other of the buyer arrangement and the seller arrangement. Thereafter, the engaged parties are restricted from communicating with other buyer arrangements and seller arrangements during the engagement period. Restricting the parties thereby facilitates the parties concluding a real estate transaction regarding the property. In addition, the method can further include insuring the buyer arrangement for a period of time against a loss of income due to a default of at least one tenant if the parties conclude a real estate transaction regarding an income-producing property including at least one tenant.
Filing date: Jul 13, 2004 Issue date: Dec 19, 2006
35. Automated communication of neighborhood property value information for real estate marketing - Steven L. Snyder
Abstract A method of automating the communication of property value information including the steps of storing a property owner's record in a storage means, associating a sales entity with the property owner record, creating a property owner profile for the property owner record, establishing a connection to a property sales database, establishing a preselected search criteria based on the property owner profile, querying the property sales database for at least one sales transaction meeting the preselected search criteria, retrieving the sales transactions returned by the query, establishing a predetermined address associated with the property owner record, reporting at least one predetermined parameter of the sales transactions to the predetermined address, and establishing a management system to oversee and ensure that the property value information is published over a repeating and consistent block of time whereby the sales entity enhances its perceived knowledge, reputation and...
Filing date: Sep 12, 2000 Issue date: Jul 11, 2006
36. Method and system for managing and preparing documentation for real estate transactions - Lee Salzmann et al
Abstract A method and system for preparing and managing real estate transfers and financing, including a system for preparation, production and storage of relevant documentation and the data contained therein; a system for coordinating, reconciling and transferring funds; and a system of analyzing and tracking the progress of numerous real estate transactions. The invention uses a database to minimize the redundancy involved in the preparation of all documentation needed for real estate closings. Information input into the database is used to generate the documentation necessary to complete real estate transfers, including all forms required by relevant financial institutions and government agencies. Such documentation includes handwritten signatures, which are digitally scanned and incorporated into the documents. Also, ancillary documentation can be scanned into the system and combined with other customer data and documentation. Thus a "closing package" can be compiled which contains...
Filing date: Dec 30, 1999 Issue date: Mar 23, 2004
37. System for the creation and collateralization of real estate mortgage investment conduit securities - Judah M. Frankel
Abstract A system for creating and managing securities that evaluates the cash flows of mortgage securities that are to be restructured into new securities. The securities to be restructured can be either mortgage securities that qualify as collateral for a CMO/REMIC or securities that were issued by an existing CMO/REMIC. Based upon the original mortgage securities, the system may create four new securities: two each that have principal-only cash flows and two each that have interest-only cash flows.
Filing date: Nov 29, 1995 Issue date: May 30, 2000
38. Method and apparatus for negotiating a real estate lease using a computer network - John J. Donahue
Abstract The invention provides a system and method that facilitates a structured lease negotiation between two parties to a real estate transaction, and subsequent steps to occupy the leased premises and evaluate the transaction process. A series of predefined milestone negotiation steps are executed on a computer that couples two parties through a network, such as the Internet. The negotiators use a web browser to answer predefined questions regarding a proposed transaction in such a manner that certain aspects of the transaction can be agreed upon early during the negotiation process while others are deferred to later phases. In each phase, each party must select from a predefined list of actions (e.g., agree, defer, identify, mediate, etc.) associated with a particular aspect of the negotiation (e.g., rent to be charged, term of the lease, etc.). Tools are provided to facilitate transnational aspects of the negotiation (e.g., conversion between currencies, metrics, or languages)....
Filing date: Jul 5, 2000 Issue date: Apr 4, 2006
39. Computer system for producing an illustration of an investment repaying a mortgage - Ronald D. Ryan et al
Abstract A computerized system for initiating, processing, preparing, storing, and transmitting illustrations of life insurance in conjunction with a mortgage, the illustrations being devoid of a cost containment clause. A computer accesses a database into which data is written and from which data is read, the data including information regarding the life to be insured, general applicant information, insurance information, mortgage information, and predetermined text data for incorporation into insurance illustrations. The computer is operable by connecting to the database and at least one PC, including input and display apparatus, to permit data to be entered in and retrieved from the database. The computer is also provided with the capability of merging entered or stored data with the predetermined text data to compile the data and text into output embodying an illustration of life insurance in conjunction with a mortgage for the home buyer. ...
Filing date: Aug 17, 1992 Issue date: Sep 30, 1997
40. System and method for tracking, monitoring, and supporting self-procuring principals in real estate - Brian Hastings
Abstract A system and method for tracking, monitoring, and supporting self-procurement of an individual for the purchase of a home. As a self-procuring principal (SPP), the individual would be entitled to the real estate commission payable to licensed real estate agents. To aid the SPP in his self-procurement activities, the system provides information to the SPP of property listings that match the SRP's search criteria. The system also provides comparable sales information of other homes in the area, school district reports, environmental hazard reports, and automated offer drafting assistance. If the SPP wants to view a property, the system coordinates such viewing by contacting chaperones to provide the showing of the property. The SPP's self-procuring activities are tracked by the system for inclusion in the SPP's loan file. The report certifies that the SPP has indeed represented and procured himself, and thus, is entitled to the real estate commission. The SPP can then apply the...
Filing date: Apr 20, 1999 Issue date: Jun 15, 2004
41. System and method for collection, distribution, and use of information in connection with real estate - Andrew Florance et al
Abstract A system and method for creating a unified commercial real estate data model through collection, distribution and use of information in connection with commercial real estate and for creating a web-based marketplace that facilitates the efficient and secure buying and selling of commercial properties. The invention provides a digital marketplace in which the members of the commercial real estate and related business community can continuously interact and facilitate transactions by efficiently exchanging accurate and standardized information. The present invention also facilitates mortgage lending and provides enough information to allow lenders to underwrite a property. The present invention also provides a mobile data gathering and dissemination vehicle as well as a system tracking and dispatch of mobile vehicles. The present invention further provides correlation of data stored in a remote location to vehicle position in real time.
Filing date: Oct 23, 2000 Issue date: Mar 22, 2005
42. System and method for conducting the closing of a real estate sale over a computerized network Adam Hall et al
Abstract The present invention is a method and system for closing a real estate sale over a computerized network. More particularly, the present invention enables the parties to a pending real estate sale to enter closing instructions into the system via the Internet and provides for electronic processing of the closing of such sale in accordance with such closing instructions without the need for a human closing agent.
Filing date: Aug 22, 2000 Issue date: Aug 1, 2006
43. Method and apparatus for monitoring the strength of a real estate market and making lending - Robert E. Rothstein
Abstract By gathering information regarding the total number of sales, total number of pending listings, total number of active listings, and total number of expired listings in a time period, a market index may be derived. This market index can then be charted over a plurality of periods, giving an indication of any temporal trends. The market index can further be used to guide and determine the action of a service provider such as a lender or title insurance company in a proposed real estate transaction.
Filing date: Jun 2, 1997 Issue date: May 2, 2000
44. Computer database system and method for collecting and reporting real estate property and loan - Shaun Michael Brady
Abstract Real estate data, particularly data of multifamily housing, is stored in a database. The database is accessible to data providers who add data to the database through connection via a computer driven network, such as the Internet. Also, the database can be queried to generate reports providing property and loan performance information generated from the data input by the data providers. Each record in the database pertains to an asset, which data is proprietary to the data provider. Reports resulting from queries that would provide data of an asset or that could be used to provide data of an asset are not allowed. Data is received from a large number of data providers and is passed through a number of validation checks before being entered into the database in order to ensure integrity of the collected data. Also, for updating data of an asset or receiving data from different data providers for the same asset, asset matching is performed to match data of an asset being received...
Filing date: Dec 30, 1999 Issue date: Oct 14, 2003
45. Electronic real estate bartering system - Richard B. Himmelstein
Abstract A real estate bartering system implements barters between a plurality of parties each having one or more classes of items available for barter. Preferably, barter orders are created by designating a selected quantity of a first class of items to be bartered, designating a date range for transferring title of the first class items to be bartered, designating a barter value of the first class of items to be bartered, and designating a second class of items to be acquired. Barter orders are posted via the Internet to a barter database and may be displayed via the Internet. Posted barter orders whose first class of items match the second class of items of a barterer's order are preferably displayed. Posted barter orders from the display are selected to effectuate a barter transaction which combines a barterer's barter order with the selected posted order(s).
Filing date: Sep 20, 2000 Issue date: Jan 2, 2007
46. Computer system and computer-implemented process for implementing a mortgage partnership - Robert H. Oppenheimer
Abstract A computer system and computer-implemented process creates single mortgage documents with multi-part obligations. The obligations allow for financing of real property ownership through a combination of mortgage debt and equity participation in underlying real property values. The computer system includes components for issuance, origination, servicing, and settlement of the mortgage. The issuance process allows for the input of parameters or financial terms for the creation of new mortgage instruments. Origination provides for the quotation of monthly payment rates and initial financing obligations to perspective mortgagors and printing of mortgage agreements under those terms. Servicing includes the processing of mortgage payments and periodic statements to mortgagors from the inception of the mortgage through termination, at which time the system determines a final settlement of the mortgagor and mortgagee obligations.
Filing date: Jun 30, 1997 Issue date: Nov 9, 1999
47. Method for estimating the value of real property - William Estel Cheetham et al
Abstract A method for estimating the price of real property such as a single family residence. A set of real estate properties comparable to the subject property is retrieved. The comparable properties and the subject property are characterized by a plurality of common attributes each having a respective value. Each attribute value from the comparable properties are evaluated to the same attribute value of the subject property on a fuzzy preference scale indicating desirable and tolerable deviations from an ideal match with the subject property. A measurement of similarity between each comparable property and the subject property is then determined. Next, the price of the comparable properties are adjusted to the value of the subject property and the best properties are extracted for further consideration. The extracted comparable properties are then aggregated into an estimate price of the subject property.
Filing date: Jul 17, 1998 Issue date: Jan 23, 2001
48. System and method for managing real estate - Richard Ruben et al
Abstract A method of managing a real estate property on which the lease parameters of the property are established in a computer database and a computer data file of the database contains at least one user profile related to management of the property. An assignment is made in the data file of the attributes of the authority of the user relative to the management of the property. The database contains data as to each of an owner entity of the property, a property manager entity of the property, if applicable, at least one tenant entity that occupies space in the property, and one or more vendor entities that are to provide services to the property. A user profile is set for at least one user of at each of the owner entity, property manager entity, if applicable, tenant entity, and vendor entity, and at least one attribute of authority is assigned to each said user. Communication capability is provided, preferably over the Internet, between the users of the owner entity, property manager...
Filing date: Nov 2, 2000 Issue date: Nov 28, 2006
49. Computerized system and method for acquiring and analyzing data pertaining to real estate - Simon Brecher
Abstract A substantial amount of publicly available and private information pertaining to buildings is inputted into a computerized data base programmed to produce statistical standards (norms) which can then serve as a basis for subsequent comparison with particular, selected, structures. The information is organized and formatted to facilitate the analysis of various income and expense items (including the taxes) pertaining to selected structures. Various special screens (forms) are used to aid in entering data pertaining to selected buildings and portfolios of buildings into the computerized data base and to interactively assist in the analysis of the data entered in view of the information contained in the computerized data base including the generation and display of significant statistical information regarding the selected properties and the generation of various reports. The system includes programs for simultaneously displaying the actual and adjusted values of selected income...
Filing date: Jul 19, 2002 Issue date: Jun 26, 2007
50. Business method for acquisition of debtor real-estate and restructuring of debt - Bill DeSane
Abstract A method for restructuring the debt of a debtor who has an interest in a distressed property by a third party including the steps of comparing a present appraised value of the property to a total cost for purchasing the property from the debtor by the third party, satisfying the personal debt of debtor by the third party, and reselling the property back from the third party to the debtor based upon a present appraised value of the property, and if the present appraised value of the property exceeds the total cost to the third party by a preselected value then the third party purchases the property from the debtor, satisfies the personal debt of the debtor and resells the property back to the debtor at the present value of the property.
Filing date: Jun 14, 2001 Issue date: May 1, 2007
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