Interactive processing of real estate transactions

• US 7,389,242 B2
• Filed: 05/06/2003
• Issued: 06/17/2008
• Est. Priority Date: 05/07/2002
• Status: Expired due to Fees

• Current Assignee: RE3W WorldWide Ltd. (Medican Enterprises, Inc.)
• Original Assignee: RE3W WorldWide Ltd. (Medican Enterprises, Inc.)
• Inventors: Frost, Richard N.
• Primary Examiner(s): Vig; Naresh
• Application Number:
  US10/430,829
• Publication Number:
  US 20040044696A1
• Time in Patent Office: 1,869 Days
• Field of Search: 705/1
• US Class Current: 705/313
• CPC Class Codes: G06Q 10/10 Office automation; Time management
• CPC Class Codes: G06Q 30/06 Buying, selling or leasing transactions
• CPC Class Codes: G06Q 50/16 Real estate

Abstract

The systems and methods dislcosed facilitate real estate transactions. The systems and methods preferably allow a participant in a real estate transaction process to create, access, and modify the content of property files associated with parcels of lands. The systems and methods preferably allow a user to administer access rights to access and modify the content of portions of the property files. The systems and methods preferably allow various participants in the real estate transaction process to integrate content into one or more portions of a property file.

Claims

1. A computer-implemented method for facilitating generation of a property file, comprising:

receiving from a user an indication of a plurality of streets;

searching at least one database that associates parcel maps with properties shown on the parcel maps, the properties being in the vicinity of the plurality of streets, and the database further associates properties with street addresses to identify a set of parcel maps in which the properties shown have addresses corresponding to at least two of the streets indicated by the user;

displaying the set of identified parcel maps to the user;

receiving a user selection of at least one of the identified parcel maps;

displaying the selected parcel map along with parcel IDs of parcels on the parcel map to facilitate identification a parcel of property;

receiving a user selection of a parcel ID;

creating a property file for the parcel of property identified by the selected parcel ID, wherein at least some data about the parcel of property is retrieved from a property database and stored in the property file; and

making the property file accessible to the user.

2. The method of claim 1, further comprising storing contact information in the property file.

3. The method of claim 1, further comprising:

receiving a user selection of one or more entities involved in a real estate transaction related to the property that are to have access to the property file; and

making the property file accessible to the selected entities.

4. The method of claim 3, further comprising making the property file inaccessible to an entity that formerly had access in response to receiving a user command to revoke the entity'"'"'s access.

5. The method of claim 3, further comprising replacing a first entity that formerly had access to the property file with a second entity that did not formerly have access to the property file such that the property file becomes inaccessible to the first entity and accessible to the second entity.

6. The method of claim 5, wherein the first entity is a first broker formerly chosen to have a role in the transaction and the second entity is a second broker chosen to take over the role of the first broker.

7. The method of claim 3, wherein making the property file accessible to the selected entities comprises allowing at least one of the selected entities to modify the property file.