Computerized system for developing multi-party property equity exchange scenarios
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United States of America Patent
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-
Mar 19, 1996
Grant Date -
N/A
app pub date -
Sep 2, 1993
filing date -
Sep 2, 1993
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A computerized, interactive system to search for and identify possible real property equity exchanges involves the establishment of a data field in an electronic data base to enable a user to develop, locate and identify property trade scenarios. A computer is utilized to process data from a plurality of sources, each providing specifics of the owner's exchange desires and the current property's characteristics. The computer reviews trade location desires of the property owner and finds potential trades from the location of other tradable properties. There need not be a direct match or a reciprocal match between two properties for a possible property exchange to be identified. The system allows identification of exchange scenarios involving many different properties, wherein the exchange scenarios can be circular or open ended.
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