REAL ESTATE DISCLOSURE REPORTING METHOD

• US 20110218929A1
• Filed: 05/16/2011
• Published: 09/08/2011
• Est. Priority Date: 06/23/2000
• Status: Active Grant

• Current Assignee: Empire IP LLC
• Original Assignee: Empire IP LLC
• Inventors: Bell, G. Randall
• Granted Patent: US 8,630,974 B2
• Time in Patent Office: Days
• US Class Current: 705/313
• CPC Class Codes: G06Q 10/063 Operations research, analysis or management
• CPC Class Codes: G06Q 20/382 insuring higher security of transaction
• CPC Class Codes: G06Q 30/0643 Graphical representation of items or shoppers
• CPC Class Codes: G06Q 50/16 Real estate
• CPC Class Codes: G06Q 99/00 Subject matter not provided for in other groups of this subclass
• CPC Class Codes: Y10S 707/99931 Database or file accessing
• CPC Class Codes: Y10S 707/99935 Query augmenting and refining, e.g. inexact access
• CPC Class Codes: Y10S 707/99937 Sorting

Abstract

A real estate disclosure reporting method identifies a subject property, accesses an insurance claim database, determines from the database whether an insurance claim has been filed for the subject property and generates a report regarding the subject property and the insurance claim.

Claims

1. A real estate disclosure reporting method comprising:

identifying a subject property;

accessing an insurance claim database;

determining from the database whether an insurance claim has been filed for the subject property; and

generating a report regarding the subject property and the insurance claim.

2. The real estate disclosure reporting method according to claim 1 wherein identifying comprises:

specifying the subject property address; and

indicating whether the subject property is a residential property or a commercial property.

3. The real estate disclosure reporting method according to claim 2 further comprising listing the source for information regarding the insurance claim.

4. The real estate disclosure reporting method according to claim 3 further comprising categorizing the insurance claim.

5. The real estate disclosure reporting method according to claim 4 wherein the categorizing comprises attributing the insurance claim to a force of nature.

6. The real estate disclosure reporting method according to claim 4 wherein the categorizing comprises stating attributing the insurance claim to a contamination of the subject property.

7. The real estate disclosure reporting method according to claim 4 wherein the generating a report comprises:

creating the report on an electronic media; and

downloading the electronic media to a user over the Internet.

8. A real estate disclosure reporting method comprising:

researching an insurance claim on a subject property;

categorizing a cause of the insurance claim; and

generating a report listing the subject property, the insurance claim and the cause.

9. The real estate disclosure reporting method according to claim 8 wherein the researching comprises accessing at least one insurance-related database.

10. The real estate disclosure reporting method according to claim 9 wherein the categorizing comprises identifying distress conditions corresponding to the insurance claim.

11. The real estate disclosure reporting method according to claim 9 wherein the categorizing comprises identifying building conditions corresponding to the insurance claim.

12. The real estate disclosure reporting method according to claim 9 wherein the categorizing comprises identifying site conditions corresponding to the insurance claim.

13. The real estate disclosure reporting method according to claim 9 wherein the categorizing comprises identifying at least one of environmental conditions and natural conditions corresponding to the insurance claim.

14. A real estate disclosure reporting method comprising:

identifying a condition category regarding a property;

researching the property to determine a plurality of known items of disclosure pertaining to the condition category;

compiling the known items of disclosure on a disclosure form according to the conditional category;

identifying the particular property on the disclosure form;

generating the disclosure form as a report of the know items of disclosure.

15. The real estate disclosure reporting method according to claim 14 wherein the condition category relates to a filed insurance claim.

16. The real estate disclosure reporting method according to claim 15 wherein researching accesses a database regarding known distress conditions on the property such as a fire.

17. The real estate disclosure reporting method according to claim 15 wherein researching accesses a database regarding known building conditions on the property such as mold.

18. The real estate disclosure reporting method according to claim 15 wherein researching accesses a database regarding known site conditions on the property such as a landslide.

19. The real estate disclosure reporting method according to claim 15 wherein researching accesses a database regarding known environmental conditions on the property such as at least one of radon and asbestos.

20. The real estate disclosure reporting method according to claim 15 wherein researching accesses a database regarding known natural conditions on the property such as a flood.