SYSTEM AND METHOD FOR MONITORING EVENTS ASSOCIATED WITH A PERSON OR PROPERTY

• US 20110035325A1
• Filed: 10/14/2010
• Published: 02/10/2011
• Est. Priority Date: 02/22/2006
• Status: Abandoned Application

• Current Assignee: Corelogic Solutions LLC (CoreLogic Incorporated)
• Original Assignee: CoreLogic Information Solutions Incorporated (CoreLogic Incorporated)
• Inventors: Serio, Dianna Lee
• Application Number:
  US12/904,713
• Publication Number:
  US 20110035325A1
• Time in Patent Office: Days
• US Class Current: 705/313
• CPC Class Codes: G06Q 30/02 Marketing; Price estimation or determination; Fundraising
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/03 Credit; Loans; Processing thereof
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis
• CPC Class Codes: G06Q 40/08 Insurance
• CPC Class Codes: G06Q 40/12 Accounting
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

A system and method for retrieving a transaction associated with a property including obtaining property information pertaining to a property from a third party source, storing the property information in a database, receiving a name to monitor or an address of a property to monitor, and transmitting a property information request including the name and/or address to the database. The system and method may also include searching the property information for a match with the name or address, identifying a transaction associated with the matched name or address and transmitting the transaction to a device.

Claims

1. A non-transitory computer storage medium having instructions that when executed by a computer perform a method of monitoring transactions associated with a person'"'"'s real property, comprising the steps of:

storing information in a database pertaining to a public record transaction affecting the real property,

receiving from a subscriber and storing in the database subscriber information, said subscriber information including a property address of the real property to monitor;

iteratively monitoring the database by a processor-implemented search process for an occurrence of the property address stored in the database to find a first match; and

identifying via a processor an indication of the public record transaction stored in the database associated with the property address and the first match.

2. The computer storage medium of claim 1, further comprising:

sending a request for information about a name of the real property owner to the database.

3. The computer storage medium of claim 1, further comprising:

comparing the indication of the public record transaction to a list of transactions to find a second match, the list of transactions include a plurality of public record transaction types and a degree of seriousness rating corresponding to each of the plurality of public record transactions; and

retrieving a degree of seriousness rating corresponding to the second match in the list of transactions, wherein the degree of seriousness rating being selected from a group having least three gradations of seriousness.

4. The computer storage medium of claim 1, wherein the public record transaction is a tax lien.

5. The computer storage medium of claim 1, wherein the public record transaction is a lien against the real property, and the lien having a property address associated with the real property.

6. The computer storage medium of claim 1, further comprising:

comparing the indication of the public record transaction with a list of transactions to find a second match, the list of transactions including a plurality of public record transaction types and a remedy associated with each of the plurality of public record transaction types; and

retrieving the remedy corresponding to the second match in the list of transactions, wherein the remedy is selected from a group of remedies including

an adding of a subsequent transaction remedy associated with a first transaction type,

a correction of the transaction remedy associated with a second transaction type, and

a removal of the transaction remedy associated with a third transaction type, wherein the plurality of public record transaction types include

the first transaction type

the second transaction type, and

the third transaction type.

7. The computer storage medium of claim 3, further comprising assigning a default degree of seriousness rating to the public record transaction after the second match for the public record transaction is not found in the list of transactions.

8. A non-transitory computer storage medium having instructions that when executed by a computer perform a method of retrieving an information regarding a tax lien associated with a property, comprising the steps of:

obtaining property information pertaining to a property from a third party source;

storing the property information in a database;

receiving an address of the property to monitor;

transmitting a property information request including the address to the database;

iteratively searching with a processor the property information for a first match with the address;

retrieving information regarding a tax lien associated with the first match;

comparing the tax lien with a list of tax liens for a second match;

retrieving a degree of seriousness rating corresponding to the second match in the list of tax liens; and

transmitting the tax lien to a device to notify a property owner of the tax lien related to their property,

wherein the degree of seriousness rating being selected from a group having at least three gradations of seriousness.

9. The computer storage medium of claim 8, further comprising the step of comparing the tax lien to a list of tax liens for a second match and retrieving a remedy corresponding to the second match in the list of tax liens.

10. The computer storage medium of claim 8, further comprising the step of assigning a default degree of seriousness rating to the transaction after the second match cannot be found in the list of tax liens.

11. A non-transitory computer storage medium having instructions that when executed by a computer perform a method of monitoring an absence of a tax lien associated with a person'"'"'s real property comprising the steps of:

storing information pertaining to the real property in a database;

receiving a request from a subscriber to monitor for the tax lien, the request including a property address associated with the public record transaction, the request including a datum transaction associated with the tax lien;

iteratively monitoring the database with a processor for the tax lien; and

transmitting a notification to a device if the tax lien has not occurred within a predetermined time period relative to the datum transaction.

12. A computer-based method of monitoring a database for an occurrence of a lien event, comprising:

extracting loan data from a client loan portfolio;

defining the lien event relatable to the loan data by one or more lien-related criterion;

iteratively monitoring with a processor for an occurrence of the lien event; and

notifying a client of the occurrence of the lien event.

13. The method of claim 12, wherein the loan data comprises borrower identification data, property data, or combinations thereof.

14. The method of claim 12, wherein the lien event being a tax lien.

15. The method of claim 14, wherein the lien event database comprises a public record database, a credit reporting database, or combinations thereof, and wherein the lien event database is updated periodically to reflect changes pertinent to the loan data.

16. The method of claim 12, wherein the notifying comprises:

generating a report that records the occurrence of the lien event.

17. A computer-based method of monitoring a database for an occurrence of a lien event relatable to a property, comprising:

receiving, using a processor, loan data from a client loan portfolio and one or more lien-related criterion from a client;

automatically iteratively monitoring, using the processor, the database for lien events defined by the one or more lien-relatable criterion;

generating, using the process, a lien event report based on the automatically monitoring; and

storing, using a memory, the lien event report.