Securitized-real-property-related asset system

• US 8,510,190 B1
• Filed: 12/29/2010
• Issued: 08/13/2013
• 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): Wong, Eric T
• Assistant Examiner(s): ANDERSON, JOHN A
• Application Number:
  US12/981,131
• Time in Patent Office: 958 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 respective universes of securities and investment assets 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 computer, input data associated with a derivatives contract on 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 at least one mobile air right;

controlling the computer to perform, using the input data, one operation in a group of operations with three members, the group of operations comprising;

computing a valuation of the derivatives contract in consummating a sale of the derivatives contract 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 derivatives contract, and producing output including an offer to sell the derivatives contract; and

communicating the output produced by the one operation to another computer.

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

3. The method of claim 1, wherein the one operation is computing a valuation of the derivatives contract in consummating a sale of the derivatives contract at a price corresponding to the valuation and producing output including one of the valuation and the price, and wherein the output includes a financial document that includes the one of the valuation and the price.

4. An apparatus, comprising:

a computer adapted to carry out the steps of;

receiving, input data associated with a derivatives contract on 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 at least one mobile air right;

performing, using the input data, one operation in a group of operations with three members, the group of operations comprising;

computing a valuation of the derivatives contract in consummating a sale of the derivatives contract 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 derivatives contract, and producing output including an offer to sell the derivatives contract; and

communicating the output produced by the one operation to another computer.

5. The apparatus of claim 4, wherein the output includes a financial document.

6. The apparatus of claim 4, wherein the one operation is computing a valuation of the derivatives contract in consummating a sale of the derivatives contract at a price corresponding to the valuation and producing output including one of the valuation and the price, and wherein the output includes a financial document that includes the one of the valuation and the price.

7. An apparatus, comprising:

a first computer controlled to receive first input, said first input representing data associated with a derivatives contract on 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 one asset in a group of assets with two members, the two members being at least one mineral right and at least one water right, the deeded interest not including a fee interest in surface land, to produce, using the first input, first output including a bid for the derivatives contract, and to communicate the first output including the bid to a second computer controlled to receive 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 the derivatives contract in consummating a sale of the derivatives contract 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.

8. The apparatus of claim 7, wherein the second output includes a financial document.

9. The apparatus of claim 7, wherein the second output includes a financial document that includes the one of the valuation and the price.

10. An apparatus, comprising:

a first computer adapted to carry out the operations of receiving first input, said first input representing data associated with a derivatives contract on 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 one asset in a group of assets with two members, the two members being at least one mineral right and at least one water right, the deeded interest not including a fee interest in surface land, controlling the first computer to produce, using the first input, first output including a bid for the derivatives contract, and communicating the first output including the bid to a second computer adapted to carry out the operations of receiving the first output as second input, said second input including the bid, controlling the second computer to compute, using the second input, a valuation of the derivatives contract in consummating a sale of the derivatives contract 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 and another computer.

11. The apparatus of claim 10, wherein the second output includes a financial document.

12. The apparatus of claim 10, wherein the second output includes a financial document that includes the one of the valuation and the price.