Method, system, and computer program product for structuring and allocating payments on a loan with secured repayments
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United States of America Patent
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-
N/A
Issued Date -
Apr 6, 2006
app pub date -
Sep 29, 2004
filing date -
Sep 29, 2004
priority date (Note) -
Abandoned
status (Latency Note)
Importance
Abstract
A method of making and securing a loan, including the steps of: taking a loan by a borrower; and lending money secured by real estate to the borrower. The loan terms include the borrower being responsible for the debt; the borrower has an option to request another entity make a predetermined payment on the borrower's behalf; and the another entity takes an equity interest in relation to the amount paid by the another entity on behalf of the borrower.
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Cited Art Landscape
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