Home resale price protection plan

Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Insurance

Reexamination Certificate

Rate now

  [ 0.00 ] – not rated yet Voters 0   Comments 0

Details

C705S035000, C705S038000

Reexamination Certificate

active

07962353

ABSTRACT:
A Home Resale Price Protection Plan provides a payment to a homeowner should the homeowner have to sell his or her house at a loss. In exchange for an upfront fee, the homeowner would receive a payment for the lesser of their actual loss or the loss calculated by multiplying their original purchase price by the proportional drop in an appropriate housing price index.

REFERENCES:
patent: 5987435 (1999-11-01), Weiss et al.
patent: 6012925 (2000-01-01), Kelly et al.
patent: 7107239 (2006-09-01), Graff
patent: 7305328 (2007-12-01), Fleming et al.
patent: 7315842 (2008-01-01), Wang
patent: 7542914 (2009-06-01), Bates et al.
patent: 7698213 (2010-04-01), Lancaster
patent: 7809591 (2010-10-01), Smith
patent: 2002/0035520 (2002-03-01), Weiss
patent: 2003/0023462 (2003-01-01), Heilizer
patent: 2003/0110111 (2003-06-01), Nalebuff et al.
patent: 2003/0233323 (2003-12-01), Bilski et al.
patent: 2004/0010443 (2004-01-01), May et al.
patent: 2004/0153330 (2004-08-01), Miller et al.
patent: 2004/0158515 (2004-08-01), Schoen
patent: 2004/0260578 (2004-12-01), Jin
patent: 2005/0075910 (2005-04-01), Solankl et al.
patent: 2005/0137914 (2005-06-01), Schmitter et al.
patent: 2005/0203831 (2005-09-01), Prieston
patent: 2005/0228701 (2005-10-01), Martin
patent: 2006/0080228 (2006-04-01), McGill et al.
patent: 2007/0271163 (2007-11-01), Schaufenbuel
patent: 2007/0299673 (2007-12-01), Weyts et al.
patent: 2008/0021743 (2008-01-01), Sciacca
patent: 2008/0065426 (2008-03-01), Ziade et al.
patent: 2009/0271333 (2009-10-01), Payrovi
patent: 2009/0326987 (2009-12-01), Roudaut
patent: 2010/0063852 (2010-03-01), Toll
patent: 2010/0185467 (2010-07-01), Strnad, II
patent: WO-2008/124719 (2008-10-01), None
Home Value Consulting Company White Paper, May 2007.
Andrew Caplin et al., “Home Equity Insurance: A Pilot Project”, Yale ICF Working Paper No. 03-12, May 3, 2003.
Eddie C. M. Hui et al, “A Dynamic Mathematical Test of International Property Securities, Bubbles and Crashes”, Pysica A 389 (2010) p. 1445-1454, Dec. 21, 2009.
Janet Morrissey, “A Guarantee Against Losing Cash on Homes?”, Time Magazine, http://www.time.com/time/business/article/0,8599,1969515,00.html, Mar. 4, 2010.
Robert Shiller et al. “Home Equity Insurance”, Cowles Foundation Discussion Paper No. 1074, Jul. 1994.
Craig F Stanovich, “Contractual Liability and the CGL Policy”, IRMI.com, http://www.irmi.com/expert/articles/2002/stanovich05.aspx?cmd=print May 2002.
Ian Ayres et al., “Price-Project Your Home”, Forbes.com, Aug. 29, 2002.
R. Billinton et al., “Time-Series Models for Realiability Evaluation of Power Systems Including Wind Energy”, Microelectron. Reliab., 1996, pp. 1253-1261, vol. 36 No. 9.
Karle E. Case et al., “Forecasting Prices and Excess Returns in the Housing Market”, AREUEA Journal, 1990, vol. 18 No. 3.
“Case-Shiller Index”, Wikipedia.com, Feb. 6, 2009.
Hua Chen et al., “Is the Home Equity Conversion Mortgage in the United States sustainable? Evidence from pricing mortgage insurance premiums and non-recourse provisions using the conditional Esscher transform”, Insurance: Mathematics and Economics 46 (2010), pp. 371-384.
“US Consumer Price Index—US Census Bureau”, 1913-2010.
Ashish Das et al., “Underwriting versus economy: a new approach to decomposing motgage losses”, The Journal of Credit Risk, Summer 2009, pp. 19-41, vol. 5 No. 2.
Peter Englund et al., “The Valuation of Real Capital: A Random Walk down Kungsgatan”, Journal of Housing Economics 8, 1999, pp. 205-216.
O. Emre Ergungor, “Home Price Derivatives”, Economic Commentary, 2007.
“FMC Fact Sheet Propriety Price Protection Program”, Apr. 6, 2004.
“Primary Mortgage Market Survey”, Freddie Mac, 2005.
“Guardsman® 5 Year Leather Furniture Protection Plan”, Guardsman® 2004.
“A Hedging Option for Your Home”, Housing Watch Feb. 2, 2010.
R. Carter Hill et al., “A random walk down main street?”, Regional Science and Urban Economics 29, 1999, pp. 89-103.
“Protect Your Future-Invest in Home Value Protection Today!”, Home Headquaters Inc. Feb. 3, 2009.
“Home Equity Protection Project”, The International School of Finance at the Yale School of Management, Feb. 3, 2009.
E. E. Leamer, “The Ups and Downs of Real Estate Values:Can You Rely on Your Home to Pay for Your Retirement?”, Macroeconomic Paterns and Stories: A Guide for MBAs, 2009, pp. 329-353.
“Pricelock Partners With Hyundai to Lock in Low Fuel Prices”, news.prnewswire.com Jul. 22, 2009.
“Real property value protection plan agreement”, windaction.org, Jul. 8, 2008.
Anthony B. Sanders et al., “Shared appreciation mortgages: Lessons from the UK”, Journal of Housing Economics 14, Aug. 9, 2005, pp. 178-183.
Robert J. Shiller et al., “Home Equity Insurance”, Journal of Real Estate Finance and Economics, 1999, pp. 21-47, vol. 19 No. 1.
“Serious Value Protection Files a Patent Application on Financial Product to Protect Residential Home Buyers From Market Erosion”, Sirus Value Protection, Jan. 20, 2010.
Charles Hugh Smith, “As the Housing Bubble Pops: Wheres the Bottom?”, oftwominds.com, Apr. 3, 2006.
“S&P/Case-Shiller® Metro Area Home Price Indicies”, Standard & Poor's, May 2006.
Craig F. Stanovich, “Contractual Liability and the CGL Policy”, imri.com, May 2002.
Yaniv Tepper, “Real Options and Affordable Alternatives: A Contingent Claims Approach to the Economics of Ownership”, MIT, Aug. 1992.
“Warranty Reimbursement”, State of New York Insurance Department, Dec. 12, 2001.
Kota Watanabe et al., “A mathematical definition of the financial bubbles and crashes”, Physica A 383, May 1, 2007, p. 120-124.
Kota Watanabe et al., “Extracting the expotential behaviours in the market data”, Physica A 382, Mar. 1, 2007, pp. 336-339.
“Consumer confidence”, wikipedia.com, Mar. 27, 2009.
“Genetic algorithm”, wikipedia.com, Apr. 20, 2010.
“Linear regression model”, wikipedia.com, Apr. 20, 2010.
“Newton's method”, wikipedia.com, Apr. 20, 2010.
“Real estate bubble”, wikipedia.com, Apr. 9, 2010.
“United States house bubbling”, wikipedia.com, Apr. 8, 2010.
Adam Yarmolisky, “Reassuring a small homeowner”, National Affairs 22, Winter 1971 p. 106-110.
Abdullah Yavas et al., “Real Options: Experimental Evidence”, The Journal of Real Estate Finance and Economics, 2005, pp. 27-52, vol. 31 No. 1.
Terry L Zinvey et al., “Hedging indival motgage risk”, Financial Services Review 8, 1999, pp. 101-115.
“Home Value Protection Example”, Home HeadQuarters Inc., Feb. 3, 2009.

LandOfFree

Say what you really think

Search LandOfFree.com for the USA inventors and patents. Rate them and share your experience with other people.

Rating

Home resale price protection plan 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 resale price protection plan, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and Home resale price protection plan will most certainly appreciate the feedback.

Rate now

     

Profile ID: LFUS-PAI-O-2710634

  Search
All data on this website is collected from public sources. Our data reflects the most accurate information available at the time of publication.