Home equity insurance financial product
Number of patents in Portfolio can not be more than 2000
United States of America Patent
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N/A
Issued Date -
N/A
app pub date -
Dec 9, 2002
filing date -
Dec 7, 2001
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A novel financial product and associated data processing system provide risk abatement to purchasers and/or owners of real estate and/or other assets that are financed and are subject to market valuation changes. The product includes application of a time dependent property index value for adjusting a future payment associated with said property, such as mortgage debt repayment, in response to declining property values. The system permits enhanced and expanded lending in targeted neighborhoods on a selected basis.
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Cited Art Landscape
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