US Patent Application No: 2012/0078,778

Number of patents in Portfolio can not be more than 2000

SYSTEM, METHOD AND COMPUTER PROGRAM STORAGE DEVICE FOR DETECTING SHORT SALE FRAUD

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ALSO PUBLISHED AS: 8498929
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ATTORNEY / AGENT: (SPONSORED)

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Abstract

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A short sale monitoring system, method and computer program product assist in identifying potential fraudulent activity associated with short sale real estate transactions. A processing circuit receives property identification information for a property, a short sale notification regarding a short sale of the property, and a short sale price. The processing circuit then queries a database of loan records to identify a corresponding loan application for the property. The loan application is at least one of a pending loan application and a closed loan application for the property. The processing circuit then generates a notice when (1) the short sale price is less than a predetermined amount with respect to a price included in the loan application, and (2) a date of the loan application is within a predetermined time of a closing date of the short sale.

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Patent Owner(s)

Patent OwnerAddressTotal Patents
CORELOGIC SOLUTIONS, LLCSANTA ANA, CA39

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Inventor(s)

Inventor Name Address # of filed Patents Total Citations
KESSELRING, Felice - 2 0

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