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System for providing a warranty for the automated valuation of property

  • US 20030149658A1
  • Filed: 01/31/2003
  • Published: 08/07/2003
  • Est. Priority Date: 02/06/2002
  • Status: Abandoned Application
First Claim
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1. A method of protecting a party having an interest in a real property against an inaccurate appraisal of the value of said real property, wherein a loan is provided from a lender to a borrower, said loan being secured by said real property, said method comprising the steps of:

  • generating a determined value of said real property using an automated valuation model; and

    covering said party under a warranty for a warranted amount comprising at least a portion of said determined value to provide financial compensation for at least a portion of said appraisal value of said real property.

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