Home ownership payment system and method

Details Home ownership payment system and method Home ownership payment system and method

2006-05-02

2009-12-01

Havan, Thu Thao (Department: 3695)

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

Automated electrical financial or business practice or...

Finance

C705S03600T

Reexamination Certificate

active

07627509

ABSTRACT:
A system and method for providing a line of credit to a mortgagee, while simultaneously paying off the mortgage loan of the mortgagee, by setting up an integrated account comprised of funds periodically deposited therein by the mortgagee with mortgage payment means associated with the account for paying down the mortgage. The account provides a line of credit to the mortgagee based on the equity the mortgagee has in the predetermined value of the property covered by the mortgage, and means are provided for withdrawal of funds from the account by the mortgagee.

REFERENCES:
patent: 5206803 (1993-04-01), Vitagliano et al.
patent: 5866889 (1999-02-01), Weiss et al.
patent: 5911136 (1999-06-01), Atkins
patent: 6397196 (2002-05-01), Kravetz et al.
patent: 2002/0082987 (2002-06-01), Wilson
patent: 2002/0147677 (2002-10-01), Brady
patent: 2002/0198825 (2002-12-01), Jentoft
patent: 2003/0149656 (2003-08-01), Magruder et al.
patent: 2004/0015438 (2004-01-01), Compiano et al.
patent: 2004/0088248 (2004-05-01), Cutler
patent: 2004/0111370 (2004-06-01), Saylors et al.
patent: 2004/0225545 (2004-11-01), Turner et al.
patent: 2005/0027654 (2005-02-01), Adrian
patent: 2005/0049950 (2005-03-01), Johnson
patent: 2005/0060257 (2005-03-01), Fry

Affiliated with

Also associated with

Rating

Home ownership payment system and method does not yet have a rating. At this time, there are no reviews or comments for this patent.

If you have personal experience with Home ownership payment system and method, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Home ownership payment system and method will most certainly appreciate the feedback.

Rate now

Comments { 0 }

Profile ID: LFUS-PAI-O-4080874