Method and loan for financing a property expense increase associated with rising property value
First Claim
1. A method for financing payment of a property expense increase comprising providing a loan secured by a property to pay an increase portion amount above a predetermined initial expense amount associated with the property and establishing a predetermined term for a borrower'"'"'s repayment of the loan.
1 Assignment
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Accused Products
Abstract
A method for financing increases in property expenses, such as increases in property taxes and insurance premiums, associated with an increase in property value. Under a secured increase loan, a lender agrees to pay the increase of the expenses, either one-time or annually, above the borrower'"'"'s initial or existing expenses associated with the property, and the borrower agrees to repay the loan within a predetermined time period.
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Citations
22 Claims
- 1. A method for financing payment of a property expense increase comprising providing a loan secured by a property to pay an increase portion amount above a predetermined initial expense amount associated with the property and establishing a predetermined term for a borrower'"'"'s repayment of the loan.
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8. A method for financing property expense amount increases comprising:
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communicating to a borrower an initial expense amount associated with a property, wherein the initial expense amount includes at least one amount selected from the group consisting of estimated annual property taxes and estimated annual insurance premiums;
brokering a loan for a lender to pay one or more annual expense increases above the initial expense amount on behalf of the borrower; and
communicating terms of the loan including a predetermined loan repayment time period to the borrower. - View Dependent Claims (9, 10)
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11. A property expense increase loan comprising:
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an agreement for a lender to pay an increase above a predetermined expense amount associated with a property; and
an agreement for a borrower to repay the loan within a predetermined time period. - View Dependent Claims (12, 13, 14)
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15. A method for financing payment of property expense increases comprising:
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receiving a request for payments of annual property expense increases exceeding an initial property expense amount; and
providing a loan with a predetermined term for repayment of the payments of annual property expense increases. - View Dependent Claims (16, 17, 18, 19, 20, 21)
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22. A method for financing payment of a property expense increase comprising establishing a property increase value trend index applicable to a property and providing a loan based on the index to pay an increase portion amount above a predetermined initial expense amount associated with the property.
Specification