SYSTEM AND METHOD FOR MANAGING ELECTRONIC REAL ESTATE REGISTRY INFORMATION

• US 20120254045A1
• Filed: 04/17/2012
• Published: 10/04/2012
• Est. Priority Date: 11/30/2004
• Status: Active Grant

• Current Assignee: Michael Dell Orfano
• Original Assignee: Michael Dell Orfano
• Inventors: Orfano, Michael Dell
• Granted Patent: US 9,076,185 B2
• Time in Patent Office: Days
• US Class Current: 705/306
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 40/00 Finance; Insurance; Tax strategies; Processing of corporate or income taxes
• CPC Class Codes: G06Q 40/02 Banking, e.g. interest calculation or account maintenance credit or loans G06Q40/03
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

Electronic real estate registration systems include property transaction and location characteristic databases communicating via computer networks providing information related to transactions associated with registered real property interests linked to publicly recorded documentation that protect legal interests of parties and counterparties engaged in the public exchange of real property rights. Real property rights can be held or owned by a managed asset-titling entity thus share a registered asset identifier providing locational coordinates identifying real property interest assignments and transactional documentation in association with asset underwriting, asset performance, and asset class rating systems. Electronic real estate registry database devices capture, process, store, retrieve, transmit, and report useful and timely information concerning registered property interests, responding in a manner typically associated with exchange traded securities, providing borrowers, creditors, investors and governing regulators ready access to fair and clear valuation, underwriting and transactional records delineated by time, apportionments, and pricing of real property interests.

Claims

1. A method for administrating an electronic real estate registry associated with real property interests and real property rights, the method comprising the steps of:

managing, via a computer network, each of,

i) capture, processing and storage of real property information;

ii) retrieval, transmission and reporting of real property information;

iii) electronic registration, trade, exchange, settlement and clearing of registered real assets;

iv) certification, preservation and perfection of registered asset titles; and

,

means for providing registration mechanisms for title transfer of registered real assets from a grantee, the registered real assets conveying to the grantor beneficial ownership of real property rights and interests.

2. The method according to claim 1, further comprising obtaining, via a computer network at least one of;

i) a real property identifier,

ii) a real property origination,

iii) a real property owner or buyer qualification,

iv) a real property underwriting procedural adherence,

v) a real property appraisal process, methodology and report, and

means for calculating an underwriting score comprising purchase terms, underwriting practices, representational faithfulness of an appraisal report, and resultant suitability and usefulness of financing associated with a real asset.

3. The method according to claim 2, further comprising;

i) calculating influences that externalities have on market value in association with real assets at the time or origination,

ii) calculating influences that relevant and timely market data have on market value in association with real assets at the time of origination,

calculating a real asset performance score relative to comparable asset types.

4. The method according to claim 2, wherein the step of calculating the real asset performance score range relative to a real asset type includes determining a real asset classification.

5. The method according to claim 2, wherein the step of identifying geographic range of asset identifiers relative to the common asset type and calculating a common asset underwriting score comprises a community score.