Method and loan for financing a property expense increase associated with rising property value
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United States of America Patent
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N/A
Issued Date -
Oct 26, 2006
app pub date -
Apr 20, 2005
filing date -
Apr 20, 2005
priority date (Note) -
Abandoned
status (Latency Note)
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Abstract
A method for financing increases in property expenses, such as increases in property taxes and insurance premiums, associated with an increase in property value. Under a secured increase loan, a lender agrees to pay the increase of the expenses, either one-time or annually, above the borrower's initial or existing expenses associated with the property, and the borrower agrees to repay the loan within a predetermined time period.
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