Securitized real-property-related asset system

• US 7,865,416 B1
• Filed: 07/06/2007
• Issued: 01/04/2011
• Est. Priority Date: 12/05/2006
• Status: Expired due to Fees

• Current Assignee: Ross/Graff Holdings LLC
• Original Assignee: Ross/Graff Holdings LLC
• Inventors: Graff, Richard A., McKevitt, James M.
• Primary Examiner(s): Colbert; Ella
• Assistant Examiner(s): Anderson; John A
• Application Number:
  US11/825,517
• Time in Patent Office: 1,278 Days
• Field of Search: 705/35
• US Class Current: 705/35
• CPC Class Codes: G06Q 20/10 specially adapted for electronic funds transfer [EFT] systems; specially adapted for home banking systems
• 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 40/04 Trading; Exchange, e.g. stocks, commodities, derivatives or currency exchange
• CPC Class Codes: G06Q 40/06 Asset management; Financial planning or analysis

Abstract

Illustratively, there can be a securitization system that is comprised of a computer or computers using a network, and a process, for the conversion of assets into marketable securities. In one embodiment, the securitization system includes a distribution system to distribute at least some of the marketable securities generated by the securitization system to one or more buyers. The process may utilize a new definition of securitization that expands the universe of securitizable assets, the universe of asset securitization methodologies, and the universe of securities that can be designed and generated thereby.

Claims

1. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation and to generate output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

2. The method of claim 1, wherein the deeded fee interest to at least one mineral right is a qualified fee interest.

3. The method of claim 1, wherein the interest in the securitized asset is an equity interest in the securitized asset.

4. The method of claim 2, wherein the interest in the securitized asset is an equity interest in the securitized asset.

49. The method of claim 1, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

68. The method of claim 1, wherein the output includes a financial document.

69. The method of claim 1, wherein the output includes a financial document that includes the one of the valuation and the price.

101. The method of claim 1, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

118. The method of claim 2, wherein the output includes a financial document.

119. The method of claim 3, wherein the output includes a financial document.

120. The method of claim 4, wherein the output includes a financial document.

125. The method of claim 2, wherein the output includes a financial document that includes the one of the valuation and the price.

126. The method of claim 3, wherein the output includes a financial document that includes the one of the valuation and the price.

127. The method of claim 4, wherein the output includes a financial document that includes the one of the valuation and the price.

155. The method of claim 2, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

156. The method of claim 3, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

157. The method of claim 4, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

5. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land; and

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

6. The method of claim 5, wherein the deeded fee interest to at least one mineral right is a qualified fee interest.

7. The method of claim 5, wherein the interest in the securitized asset is an equity interest in the securitized asset.

8. The method of claim 6, wherein the interest in the securitized asset is an equity interest in the securitized asset.

102. The method of claim 5, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

103. The method of claim 5, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

104. The method of claim 103, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

110. The method of claim 5, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

162. The method of claim 6, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

163. The method of claim 7, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

164. The method of claim 8, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

169. The method of claim 6, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

170. The method of claim 7, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

171. The method of claim 8, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

208. The method of claim 169, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

209. The method of claim 170, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

210. The method of claim 171, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

9. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land; and

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized asset; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

10. The method of claim 9, wherein the deeded fee interest to at least one mineral right is a qualified fee interest.

11. The method of claim 9, wherein the interest in the securitized asset is an equity interest in the securitized asset.

12. The method of claim 10, wherein the interest in the securitized asset is an equity interest in the securitized asset.

111. The method of claim 9, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

13. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation and to generate output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

14. The method of claim 13, wherein the deeded fee interest to at least one water right is a qualified fee interest.

15. The method of claim 13, wherein the interest in the securitized asset is an equity interest in the securitized asset.

16. The method of claim 14, wherein the interest in the securitized asset is an equity interest in the securitized asset.

112. The method of claim 13, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

121. The method of claim 13, wherein the output includes a financial document.

122. The method of claim 14, wherein the output includes a financial document.

123. The method of claim 15, wherein the output includes a financial document.

124. The method of claim 16, wherein the output includes a financial document.

128. The method of claim 13, wherein the output includes a financial document that includes the one of the valuation and the price.

129. The method of claim 14, wherein the output includes a financial document that includes the one of the valuation and the price.

130. The method of claim 15, wherein the output includes a financial document that includes the one of the valuation and the price.

131. The method of claim 16, wherein the output includes a financial document that includes the one of the valuation and the price.

158. The method of claim 13, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

159. The method of claim 14, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

160. The method of claim 15, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

161. The method of claim 16, further including controlling the processor to generate an offering document for the interest in the securitized asset and to communicate the offering document to a bidder computer system.

17. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land; and

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

18. The method of claim 17, wherein the deeded fee interest to at least one water right is a qualified fee interest.

19. The method of claim 17, wherein the interest in the securitized asset is an equity interest in the securitized asset.

20. The method of claim 18, wherein the interest in the securitized asset is an equity interest in the securitized asset.

113. The method of claim 17, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

165. The method of claim 17, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

166. The method of claim 18, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

167. The method of claim 19, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

168. The method of claim 20, further including receiving digital data comprising an offering document for the interest in the securitized asset from one of the securities transaction computer system and another computer system.

172. The method of claim 17, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

173. The method of claim 18, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

174. The method of claim 19, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

175. The method of claim 20, wherein the receiving includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the securities transaction computer system and another computer system.

211. The method of claim 172, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

212. The method of claim 173, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

213. The method of claim 174, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

214. The method of claim 175, wherein the receiving includes receiving digital data comprising an offering document for the interest in the securitized asset from the one of the securities transaction computer system and the another computer system.

21. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land; and

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized asset; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

22. The method of claim 21, wherein the deeded fee interest to at least one water right is a qualified fee interest.

23. The method of claim 21, wherein the interest in the securitized asset is an equity interest in the securitized asset.

24. The method of claim 22, wherein the interest in the securitized asset is an equity interest in the securitized asset.

114. The method of claim 21, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

25. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right, the input data comprising a bid for the interest;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in consummating a sale of the at least some of the interest at a price corresponding to the valuation and to generate output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

26. The method of claim 25, wherein the asset is the at least one mobile air right.

27. The method of claim 25, wherein the interest is an equity interest.

28. The method of claim 26, wherein the interest is an equity interest.

29. The method of claim 25, wherein the interest is at least one security.

30. The method of claim 26, wherein the interest is at least one security.

31. The method of claim 27, wherein the interest is at least one security.

32. The method of claim 28, wherein the interest is at least one security.

70. The method of claim 25, wherein the output includes a financial document.

71. The method of claim 26, wherein the output includes a financial document that includes the one of the valuation and the price.

109. The method of claim 25, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

115. The method of claim 25, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

132. The method of claim 27, wherein the output includes a financial document.

133. The method of claim 29, wherein the output includes a financial document.

134. The method of claim 31, wherein the output includes a financial document.

135. The method of claim 28, wherein the output includes a financial document that includes the one of the valuation and the price.

136. The method of claim 30, wherein the output includes a financial document that includes the one of the valuation and the price.

137. The method of claim 32, wherein the output includes a financial document that includes the one of the valuation and the price.

194. The method of claim 26, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

195. The method of claim 27, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

196. The method of claim 28, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

197. The method of claim 29, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

198. The method of claim 30, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

199. The method of claim 31, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

200. The method of claim 32, further including controlling the processor to generate an offering document for the interest and to communicate the offering document to a bidder computer system.

33. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right; and

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

34. The method of claim 33, wherein the asset is the at least one mobile air right.

35. The method of claim 33, wherein the interest is an equity interest.

36. The method of claim 34, wherein the interest is an equity interest.

37. The method of claim 33, wherein the interest is at least one security.

38. The method of claim 34, wherein the interest is at least one security.

39. The method of claim 35, wherein the interest is at least one security.

40. The method of claim 36, wherein the interest is at least one security.

116. The method of claim 33, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

41. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right; and

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

42. The method of claim 41, wherein the asset is the at least one mobile air right.

43. The method of claim 41, wherein the interest is an equity interest.

44. The method of claim 42, wherein the interest is an equity interest.

45. The method of claim 41, wherein the interest is at least one security.

46. The method of claim 42, wherein the interest is at least one security.

47. The method of claim 43, wherein the interest is at least one security.

48. The method of claim 44, wherein the interest is at least one security.

117. The method of claim 41, further including:

providing financial risk reduction insurance for said interest;

generating documentation for the financial risk reduction insurance; and

producing the documentation at an output device.

50. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land;

providing financial risk reduction insurance for the interest, the providing using at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

51. The method of claim 50, wherein the interest in the securitized asset is an equity interest in the securitized asset.

52. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized asset; and

communicating at least some of the output, including the offer, over a computer network of a securities distribution system.

53. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

providing financial risk reduction insurance for the interest, the providing using at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

54. The method of claim 53, wherein the interest in the securitized asset is an equity interest in the securitized asset.

55. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation;

generating output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

105. The apparatus of claim 55, wherein the receiving input data includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the other computer system and another computer system.

56. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

106. The apparatus of claim 56, wherein the receiving input data includes receiving digital data comprising an offering document for the interest from one of the securities transaction computer system and another computer system.

57. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized asset; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

58. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation;

generating output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

176. The apparatus of claim 58, wherein the receiving input data includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the other computer system and another computer system.

59. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

178. The apparatus of claim 59, wherein the receiving input data includes receiving digital data comprising an offering document for the interest from one of the securities transaction computer system and another computer system.

60. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest in the securitized asset; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

61. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right, the input data comprising a bid for the interest;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in consummating a sale of the at least some of the interest at a price corresponding to the valuation,

generating output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, to an other computer system.

76. The apparatus of claim 61, wherein the output includes a financial document.

177. The apparatus of claim 61, wherein the receiving input data includes receiving digital data comprising one of the at least some of the input data and another at least some of the input data from one of the other computer system and another computer system.

62. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right;

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest; and

communicating at least some of the output, including the bid, to a securities transaction computer system.

179. The apparatus of claim 62, wherein the receiving input data includes receiving digital data comprising an offering document for the interest from one of the securities transaction computer system and another computer system.

63. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right;

controlling the processor to produce, using at least some of the input data, output including an offer to sell at least some of the interest; and

communicating at least some of the output, including the offer, to a securities transaction computer system.

64. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land;

providing financial risk reduction insurance for the interest, wherein the providing uses at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

65. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

providing financial risk reduction insurance for the interest, wherein the providing uses at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

66. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation and to generate output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, over a computer network of a securities distribution system.

72. The method of claim 66, wherein the output includes a financial document.

73. The method of claim 66, wherein the output includes a financial document that includes the one of the valuation and the price.

67. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation and to generate output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, over a computer network of a securities distribution system.

138. The method of claim 67, wherein the output includes a financial document.

139. The method of claim 67, wherein the output includes a financial document that includes the one of the valuation and the price.

74. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation;

generating output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, over a computer network of a securities distribution system.

86. The apparatus of claim 74, wherein the output includes a financial document that includes the one of the valuation and the price.

75. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land, the input data comprising a bid for the interest in the securitized asset;

controlling the processor to compute, using at least some of the input data, a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation;

generating output including one of the valuation and the price; and

communicating at least some of the output, including the one of the valuation and the price, over a computer network of a securities distribution system.

140. The apparatus of claim 75, wherein the output includes a financial document that includes the one of the valuation and the price.

77. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right;

providing financial risk reduction insurance for the interest, the providing using at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

78. The method of claim 77, wherein the interest is an equity interest.

79. The method of claim 77, wherein the asset is the at least one mobile air right.

80. The method of claim 78, wherein the asset is the at least one mobile air right.

81. The method of claim 77, wherein the interest is at least one security.

82. The method of claim 78, wherein the interest is at least one security.

83. The method of claim 79, wherein the interest is at least one security.

84. The method of claim 80, wherein the interest is at least one security.

85. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in an asset, the asset comprising at least one mobile air right;

providing financial risk reduction insurance for the interest, wherein the providing uses at least some of the input data;

controlling the processor to generate output including documentation for the financial risk reduction insurance; and

producing at least some of the output, including the documentation, at an output device.

87. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one water right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, over a computer network of a securities distribution system.

88. An apparatus, comprising:

a computer system adapted to carry out the operations of;

receiving, at a processor of the computer system, input data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded fee interest to at least one mineral right, the fee interest not including a fee interest in surface land;

controlling the processor to produce, using at least some of the input data, output including a bid for at least some of the interest in the securitized asset; and

communicating at least some of the output, including the bid, over a computer network of a securities distribution system.

89. A method of using an apparatus to generate output supporting an asset transaction, comprising:

receiving, at a processor of a computer system, input data associated with an interest in an asset, the asset comprising one asset in a group of assets with three members, the group of assets comprising;

a securitized asset that is a securitized version of a deeded asset reflecting a deeded fee interest to at least one mineral right and not including a fee interest in surface land, a securitized asset that is a securitized version of a deeded asset reflecting a deeded fee interest to at least one water right and not including a fee interest in surface land, and an asset comprising at least one mobile air right;

controlling the processor to perform, using at least some of the input data, one operation in a group of operations with four members, the group of operations comprising;

computing a valuation of at least some of the interest in the securitized asset in consummating a sale of the at least some of the interest in the securitized asset at a price corresponding to the valuation and producing output including one of the valuation and the price, producing output including a bid for the at least some of the interest in the securitized asset, producing output including an offer to sell the at least some of the interest in the securitized asset, and providing financial risk reduction insurance for the at least some of the interest in the securitized asset and producing output including documentation for the financial risk reduction insurance; and

communicating the output produced by the one operation to an other computer system.

90. An apparatus, comprising:

a first computer system, including a first processor controlled to receive first input, said first input representing data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded interest to at least one mineral right, the deeded interest not including a fee interest in surface land, to produce, using at least some of the first input, first output including a bid for at least some of the interest in the securitized asset, and to communicate at least some of the first output including the bid to

a second computer system, including a second processor controlled to receive one of the at least some of the first output and another at least some of the first output as second input, wherein said second input includes the bid, to generate, using at least some of the second input, a valuation of one of the at least some of the interest in the securitized asset and another at least some of the interest in the securitized asset in consummating a sale of the one of the at least some of the interest in the securitized asset and the another at least some of the interest in the securitized asset at a price corresponding to the valuation, to produce second output including one of the valuation and the price, and to communicate at least some of the second output, including the one of the valuation and the price, to the first computer system.

91. The apparatus of claim 90, wherein the interest in the securitized asset is an equity interest in the securitized asset.

98. The apparatus of claim 90, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

99. The apparatus of claim 90, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

100. The apparatus of claim 98, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

107. The apparatus of claim 90, wherein the output includes a financial document.

108. The apparatus of claim 90, wherein the output includes a financial document that includes the one of the valuation and the price.

141. The apparatus of claim 91, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

148. The apparatus of claim 91, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

180. The apparatus of claim 91, wherein the output includes a financial document.

187. The apparatus of claim 91, wherein the output includes a financial document that includes the one of the valuation and the price.

201. The apparatus of claim 141, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

92. An apparatus, comprising:

a first computer system adapted to carry out the operations of receiving, at a first processor of the first computer system, first input, said first input representing data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded interest to at least one mineral right, the deeded interest not including a fee interest in surface land, controlling the first processor to produce, using at least some of the first input, first output including a bid for at least some of the interest in the securitized asset, and communicating at least some of the first output including the bid to

a second computer system adapted to carry out the operations of receiving, at a second processor of the second computer system, one of the at least some of the first output and another at least some of the first output as second input, said second input including the bid, controlling the second processor to compute, using at least some of the second input, a valuation of one of the at least some of the interest in the securitized asset and another at least some of the interest in the securitized asset in consummating a sale of the one of the at least some of the interest in the securitized asset and the another at least some of the interest in the securitized asset at a price corresponding to the valuation, producing second output including one of the valuation and the price, and communicating at least some of the second output, including the one of the valuation and the price, to one of the first computer system and an other computer system.

93. The apparatus of claim 92, wherein the interest in the securitized asset is an equity interest in the securitized asset.

142. The apparatus of claim 92, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

143. The apparatus of claim 93, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

149. The apparatus of claim 92, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

150. The apparatus of claim 93, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

181. The apparatus of claim 92, wherein the output includes a financial document.

182. The apparatus of claim 93, wherein the output includes a financial document.

188. The apparatus of claim 92, wherein the output includes a financial document that includes the one of the valuation and the price.

189. The apparatus of claim 93, wherein the output includes a financial document that includes the one of the valuation and the price.

202. The apparatus of claim 142, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

203. The apparatus of claim 143, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

94. An apparatus, comprising:

a first computer system, including a first processor controlled to receive first input, said first input representing data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded interest to at least one water right, the deeded interest not including a fee interest in surface land, to produce, using at least some of the first input, first output including a bid for at least some of the interest in the securitized asset, and to communicate at least some of the first output including the bid to

a second computer system, including a second processor controlled to receive one of the at least some of the first output and another at least some of the first output as second input, wherein said second input includes the bid, to generate, using at least some of the second input, a valuation of one of the at least some of the interest in the securitized asset and another at least some of the interest in the securitized asset in consummating a sale of the one of the at least some of the interest in the securitized asset and the another at least some of the interest in the securitized asset at a price corresponding to the valuation, to produce second output including one of the valuation and the price, and to communicate at least some of the second output, including the one of the valuation and the price, to one of the first computer system and an other computer system.

95. The apparatus of claim 94, wherein the interest in the securitized asset is an equity interest in the securitized asset.

144. The apparatus of claim 94, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

145. The apparatus of claim 95, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

151. The apparatus of claim 94, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

152. The apparatus of claim 95, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

183. The apparatus of claim 94, wherein the output includes a financial document.

184. The apparatus of claim 95, wherein the output includes a financial document.

190. The apparatus of claim 94, wherein the output includes a financial document that includes the one of the valuation and the price.

191. The apparatus of claim 95, wherein the output includes a financial document that includes the one of the valuation and the price.

204. The apparatus of claim 144, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

205. The apparatus of claim 145, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

96. An apparatus, comprising:

a first computer system adapted to carry out the operations of receiving, at a first processor of the first computer system, first input, said first input representing data associated with an interest in a securitized asset, wherein the securitized asset is a securitized version of an other asset comprising a deeded asset, the deeded asset reflecting a deeded interest to at least one water right, the deeded interest not including a fee interest in surface land, controlling the first processor to produce, using at least some of the first input, first output including a bid for at least some of the interest in the securitized asset, and communicating at least some of the first output including the bid to

a second computer system adapted to carry out the operations of receiving, at a second processor of the second computer system, one of the at least some of the first output and another at least some of the first output as second input, said second input including the bid, controlling the second processor to compute, using at least some of the second input, a valuation of one of the at least some of the interest in the securitized asset and another at least some of the interest in the securitized asset in consummating a sale of the one of the at least some of the interest in the securitized asset and the another at least some of the interest in the securitized asset at a price corresponding to the valuation, producing second output including one of the valuation and the price, and communicating at least some of the second output, including the one of the valuation and the price, to the first computer system.

97. The apparatus of claim 96, wherein the interest in the securitized asset is an equity interest in the securitized asset.

146. The apparatus of claim 96, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

147. The apparatus of claim 97, wherein the apparatus includes another computer system, including another processor controlled to receive another input representing one of the data associated with the interest in the securitized asset and another data associated with the interest in the securitized asset, to produce, using at least some of the another input, another output including an offer to sell the interest in the securitized asset, and to communicate at least some of the another output, including the offer, to one of the first computer system and the second computer system.

153. The apparatus of claim 96, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

154. The apparatus of claim 97, wherein the second processor of the second computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

185. The apparatus of claim 96, wherein the output includes a financial document.

186. The apparatus of claim 97, wherein the output includes a financial document.

192. The apparatus of claim 96, wherein the output includes a financial document that includes the one of the valuation and the price.

193. The apparatus of claim 97, wherein the output includes a financial document that includes the one of the valuation and the price.

206. The apparatus of claim 146, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.

207. The apparatus of claim 147, wherein at least one of the second computer system and the another computer system is controlled to generate an offering document for the interest in the securitized asset and to communicate the offering document to the first computer system.