Last Call for a Real Estate Property, a Chattel or a Financial Instrument for Online and Off-line Uses

• US 20090164361A1
• Filed: 03/05/2009
• Published: 06/25/2009
• Est. Priority Date: 03/23/2005
• Status: Abandoned Application

• Current Assignee: William W. Lange
• Original Assignee: William W. Lange
• Inventors: Lange, William W.
• Application Number:
  US12/398,336
• Publication Number:
  US 20090164361A1
• Time in Patent Office: Days
• US Class Current: 705/37
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 30/08 Auctions
• CPC Class Codes: G06Q 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A method of advertising, marketing and auction sale of real estate properties, chattel properties and financial instruments and more particularly a method of handling last minute Internet online and in person off-line bidding extensions are described. Internet websites have been designed for this purpose such that prospective customers or interested bidders may view property specific photographs and information, financial and credit information and other details with respect to a property. In the Internet bidding format and the in person off-line bidding format, as long as at least one bid is made within an established bid period before the bid deadline, the bidding can be extended for a pre-determined amount of time.

Claims

1. A method for extending the deadline for bids of a plurality of properties including but not limited to real estate property, chattel property and financial instruments which correspond to property in an auction, comprising:

establishing a category for the properties to be auctioned;

selecting the properties which meet the criterion of the category for the properties to be auctioned;

determining the latest ending time from the properties which meet the criteria of the category;

extending the end time of all the properties to be substantially the latest ending time which had been determined.

2. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, the method further including the step of auctioning the properties in accordance with the extended end time.

3. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the properties correspond to chattel property.

4. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the properties correspond to real estate property, chattel property or financial instruments.

5. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the bids for the auction is in sealed format.

6. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the bids for the auction are in the electronic format.

7. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the category corresponds to a price range.

8. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the category corresponds to a geographical area.

9. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the category corresponds to a neighborhood school.

10. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the category corresponds to the type of real estate.

11. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 10, wherein the real estate corresponds to housing real estate.

12. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 10, wherein the real estate corresponds to business real estate.

13. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 1, wherein the category corresponds to the age of the real estate.

14. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 13, wherein the real estate corresponds to housing real estate.

15. A method for extending the deadline for bids of a plurality of properties which correspond to property in an auction as in claim 13, wherein the real estate corresponds to business real estate.