System, method and computer program storage device for detecting short sale fraud

Number of patents in Portfolio can not be more than 2000

United States of America Patent

PATENT NO 8498929
APP PUB NO 20120078778A1
SERIAL NO

13231579

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Importance

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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, CA47

International Classification(s)

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  • [Patents Count]

Inventor(s)

Inventor Name Address # of filed Patents Total Citations
Kesselring, Felice Santa Ana, US 2 0

Cited Art Landscape

Patent Info (Count) # Cites Year
 
PREO, LLC (1)
* 2011/0258,101 METHODS AND SYSTEMS FOR LOSS MITIGATION, ACQUISITION AND DISPOSAL OF REAL-ESTATE ASSETS 4 2010
 
LexisNexis, Inc. (1)
* 2010/0241,558 MORTGAGE FRAUD DETECTION SYSTEMS AND METHODS 8 2009
 
ENHANCED RECOVERY SD, LLC (1)
* 2011/0078,086 MAXIMIZING PROCEEDS OF A SHORT SALE 2 2010
 
Ronk, Thomas Carter (1)
* 2007/0244,781 System and method for organizing and evaluating regulation SHO threshold security listed stocks 2 2007
* Cited By Examiner

Patent Citation Ranking

Forward Cite Landscape

Patent Info (Count) # Cites Year
 
CORELOGIC SOLUTIONS, LLC (1)
* 2015/0066,738 SYSTEM AMD METHOD FOR DETECTING SHORT SALE FRAUD 0 2013
* Cited By Examiner

Maintenance Fees

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7.5 Year Payment $3600.00 $1800.00 $900.00 Jan 30, 2021
11.5 Year Payment $7400.00 $3700.00 $1850.00 Jan 30, 2025
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Surcharge - 11.5 year - Late payment within 6 months $160.00 $80.00 $40.00
Surcharge after expiration - Late payment is unavoidable $700.00 $350.00 $175.00
Surcharge after expiration - Late payment is unintentional $1,640.00 $820.00 $410.00