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System and method and for valuing loans and settlement offers associated with security interest enforcement actions

  • US 8,589,282 B1
  • Filed: 09/11/2006
  • Issued: 11/19/2013
  • Est. Priority Date: 09/14/2005
  • Status: Active Grant
First Claim
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1. A method for determining a monetary value for a loan secured by real estate associated with an actual or potential security interest enforcement action, the method comprising:

  • storing in a computer-readable medium a plurality of milestones associated with completion of the security interest enforcement action in a specified jurisdiction for the real estate securing the loan;

    determining, using one or more computer processors in communication with the computer-readable medium, from said plurality of milestones a total time projected for completing the security interest enforcement action by applying a stochastic model that accounts for the occurrence of one or more fixed-frequency events and one or more random-frequency events associated with completion of said plurality of milestones;

    determining estimated legal costs associated with prosecuting said plurality of milestones; and

    determining a monetary value for the loan, using said one or more computer processors, comprising adding to said estimated legal costs a first estimated time/carry cost determined by applying an appropriate interest rate to said total time projected for completing the potential security interest enforcement action.

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