Data processing: financial – business practice – management – or co – Automated electrical financial or business practice or... – Finance
Reexamination Certificate
2008-07-01
2008-07-01
Trammell, James (Department: 3694)
Data processing: financial, business practice, management, or co
Automated electrical financial or business practice or...
Finance
Reexamination Certificate
active
10801782
ABSTRACT:
A method and system for financing the purchase of real property or refinancing real property utilizing a conditional fee simple deed. Under this method a conditional fee purchaser and a conditional remainder purchaser enter into a conditional fee agreement, delineating the rights and responsibilities of each party with regards to the purchase or refinance of a residential property. The agreement includes a determination date, at which time, the conditional remainder purchaser will either receive the entire fee simple interest in the property or will receive a lump sum payment from the conditional fee purchaser for the conditional remainder purchaser's interest in the real property. The conditional fee agreement includes a list of conditions under which the property will pass directly to the conditional remainder purchaser prior to the determination date.
REFERENCES:
patent: 2003/0233324 (2003-12-01), Hammour et al.
Seasongood, Murray, Drastic Pledge Agreements, Harvard Law Review, Jan. 1916, vol. 29, No. 3, pp. 277, 284-285.
Basit Abdul
Enyard, Jr. Robert O.
Polsinelli Shalton Flanigan Suelthaus PC
Trammell James
Weeks Stephen M.
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