System, method and computer program product for facilitating real estate transactions
Number of patents in Portfolio can not be more than 2000
United States of America Patent
Stats
-
Dec 19, 2006
Grant Date -
Oct 27, 2005
app pub date -
Jul 13, 2004
filing date -
Apr 27, 2004
priority date (Note) -
In Force
status (Latency Note)
Importance
Abstract
A method for facilitating a real estate transaction includes engaging an initiating party in communication with an initiated party regarding a property, where the parties are engaged for an engagement period. In this regard, the initiating party can be a buyer arrangement or a seller arrangement, with the initiated party being the other of the buyer arrangement and the seller arrangement. Thereafter, the engaged parties are restricted from communicating with other buyer arrangements and seller arrangements during the engagement period. Restricting the parties thereby facilitates the parties concluding a real estate transaction regarding the property. In addition, the method can further include insuring the buyer arrangement for a period of time against a loss of income due to a default of at least one tenant if the parties conclude a real estate transaction regarding an income-producing property including at least one tenant.
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