System, method and computer program product for facilitating...

Details System, method and computer program product for facilitating... System, method and computer program product for facilitating...

2006-12-19

2006-12-19

Vig, Naresh (Department: 3629)

Data processing: financial, business practice, management, or co

Automated electrical financial or business practice or...

C705S026640, C705S035000

Reexamination Certificate

active

07152037

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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