Real estate transaction automation system and method

• US 20050288955A1
• Filed: 06/08/2005
• Published: 12/29/2005
• Est. Priority Date: 06/29/2004
• Status: Abandoned Application

• Current Assignee: Shark Hunter LLC
• Original Assignee: Shark Hunter LLC
• Inventors: Lewiss-Hachmeister, Kent
• Application Number:
  US11/147,914
• Publication Number:
  US 20050288955A1
• Time in Patent Office: Days
• US Class Current: 705/38
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof

Abstract

The present invention provides a system and method of automating and streamlining real estate transactions by automatically submitting or transmitting required detailed information to companies providing real estate related services. The information is auto-populated from an electronic real estate form, a computer database, or a software application or internet application used by real estate professionals into an auto-submission screen. Preferably the information contained within an auto-submission screen or screens is electronically transmitted to the service provider through a computer network.

Claims

1. A method of automating a real estate transaction comprising the steps:

a) identifying a data set in at least one electronic real estate form, database, software application, or internet application containing information relating to said transaction, where said at least one real estate form, database, software application, or internet application is stored on an electronic storage device;

b) auto-populating a subset of said data set into at least one auto-submission screen; and

c) transmitting said at least one auto-submission screen containing said data subset to one or more service providers, wherein said data subset contains information necessary to request a service from said service provider.

2. The method of claim 1 wherein the data subset is auto-populated from an electronic database stored on a computer processor.

3. The method of claim 2 wherein said computer processor is part of a server accessible to multiple computers connected to a network.

4. The method of claim 1 wherein the data subset is auto-populated from a software application or internet application used by a real estate professional.

5. The method of claim 1 wherein the data subset is auto-populated from an electronic real estate form stored on a computer processor.

6. The method of claim 1 wherein said one or more auto-submission screens containing said data subset are transmitted to a second computer processor through a computer network, where said second computer processor is accessible to, or operated by, said one or more service providers.

7. The method of claim 6 wherein said data subset transmitted in said one or more auto-submission screens is auto-populated into a database, software application, or internet application stored on said second computer processor.

8. The method of claim 1 wherein said one or more auto-submission screens are transmitted to said one or more service providers using email or instant text messaging.

9. The method of claim 1 wherein said service provider performs a service selected from the group consisting of title insurance, mortgage loan, property inspection, property warranty, property maintenance, property insurance, contractor referral, commission advance, 1031 exchange information, quotes for said services and combinations thereof.

10. The method of claim 1 comprising more than one auto-submission screens wherein each auto-submission screen is transmitted to a different service provider.

11. The method of claim 1 further comprising providing to a real estate professional a computer program able to perform said method.

12. A method of automating a real estate transaction comprising the steps:

a) generating an auto-submission screen on a computer screen, wherein said auto-submission screen corresponds to a real estate related service;

b) linking said auto-submission screen with an electronic real estate form, database, software application, or internet application containing information relating to said transaction;

c) identifying a data set relating to said transaction in said electronic real estate form, database, software application, or internet application;

d) extracting a subset of said data set from said electronic real estate form, database, software application, or internet application;

e) auto-populating said data subset into said auto-submission screen; and

f) electronically transmitting a request to a service provider, said request comprising said data subset contained in said auto-submission screen.

13. The method of claim 12 comprising more than one auto-submission screens wherein said data subset in each auto-submission screen is transmitted to a different service provider.

14. The method of claim 12 further comprising providing a menu display on a computer screen, said menu display containing an auto-submission selection button corresponding to said auto-submission screen, wherein selecting said auto-submission selection button generates the corresponding auto-submission screen.

15. The method of claim 12 wherein said auto-submission screen containing said data subset is transmitted to a second computer processor accessible to, or operated by, said service provider.

16. The method of claim 15 wherein said auto-submission screen containing said data subset is electronically transmitted through a computer network.

17. The method of claim 16 further comprising auto-populating said data subset contained in said transmitted auto-submission screen into a database, software application, or internet application stored on said second computer processor.

18. The method of claim 12 wherein said transmitted request is for a service selected from the group consisting of:

title insurance, mortgage loan, property inspection, property warranty, property maintenance, contractor referral, commission advance, 1031 exchange information, quotes therefor and combinations thereof.

19. The method of claim 12 where said auto-submission screen is a title information auto-submission screen, wherein the data subset auto-populated into said title information auto-submission screen comprises:

seller'"'"'s name, property address, and legal description.

20. The method of claim 12 wherein said auto-submission screen is a mortgage loan quote auto-submission screen, wherein the data subset auto-populated into said mortgage loan quote auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, purchase amount, down payment amount, and contact information for the buyer or seller.

21. The method of claim 12 where said auto-submission screen is a property inspection auto-submission screen, wherein the data subset auto-populated into said property inspection auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, legal description, and contact information for the buyer or seller.

22. The method of claim 12 where said auto-submission screen is a 1031 exchange auto-submission screen, wherein the data subset auto-populated into said 1031 exchange auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, legal description, contract date, closing date information, and contact information for the buyer or seller.

23. The method of claim 12 where said auto-submission screen is a property insurance auto-submission screen, wherein the data subset auto-populated into said property inspection auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, legal description, purchase amount, and contact information for the buyer or seller.

24. The method of claim 12 where said auto-submission screen is a property warranty auto-submission screen, wherein the data subset auto-populated into said property warranty auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, contract date, closing date, and contact information for the buyer or seller.

25. The method of claim 12 where said auto-submission screen is a property maintenance auto-submission screen, wherein the data subset auto-populated into said property maintenance auto-submission screen comprises:

buyer'"'"'s name or seller'"'"'s name, property address, legal description, and contact information for the buyer or seller.

26. The method of claim 12 where said auto-submission screen is a commission advance auto-submission screen, wherein the data subset auto-populated into said commission advance auto-submission screen comprises:

buyer'"'"'s name, seller'"'"'s name, property address, legal description, contract date, closing date and contact information for the buyer and seller.

27. A computer program product comprising:

a) a computer program capable of;

i) identifying a data set in at least one real estate form, database, software application, or internet application containing information relating to said transaction, where said at least one real estate form, database, software application, or internet application is stored on an electronic storage device;

ii) auto-populating a subset of said data set into at least one auto-submission form; and

iii) transmitting said at least one auto-submission screen containing said data subset to at least one service provider, wherein said data subset contains information necessary to request a service from said service provider; and

b) an electronic device storing said program.

28. The computer program product of claim 27 where said electronic storage device storing said program is a disk, CD, DVD, computer hard drive, or computer processor.

29. The computer program product of claim 27 where said real estate form is a real estate form generated by said computer program.