Method and system implementing a mortgage partnership
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United States of America Patent
Stats
-
Jul 1, 1997
Issued Date -
N/A
app pub date -
Mar 19, 1990
filing date -
May 25, 1989
priority date (Note) -
Expired
status (Latency Note)
Importance
Abstract
A process of and method for financing purchase of real property by mortgagors through a combination of mortgagee debt principal and partial mortgagee equity interest in the purchased property by a system which both calculates multiple mortgagor financial obligations and mortgagee rights and which prints instruments embodying those obligations and rights. The system also employs generally available house price indices as proxies for equity values, produces periodic reports to mortgagors of obligated balances, and determines mortgagee and mortgagor balances upon sale and/or termination of instruments produced by the system.
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Family
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Cited Art Landscape
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