System and method for bundling telecommunications and utilities into a mortgage
First Claim
1. A method for a bundling company to provide products and services to a homebuyer in a house sale, the method comprising:
- selling products and services to a client at wholesale prices;
calculating a cost of selected products and services;
integrating the cost of the selected products and services into a purchase price of the home;
acquiring an appraisal of the home including the selected products and services;
acquiring an approval of a mortgage for the purchase price of the home; and
allowing the mortgage to close.
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Accused Products
Abstract
A system and method is provided for delivering products and services to a homebuyer during a mortgage transaction. In one example, a bundling company sells products and services to a client at wholesale prices. A cost of selected products and services is calculated. The bundling company integrates the cost of the selected products and services into a purchase price of the home. An appraisal of the home including the selected products and services is acquired. The bundling company acquires an approval of a mortgage for the purchase price of the home. The mortgage is closed. The bundling company orders the products and services from suppliers.
33 Citations
20 Claims
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1. A method for a bundling company to provide products and services to a homebuyer in a house sale, the method comprising:
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selling products and services to a client at wholesale prices;
calculating a cost of selected products and services;
integrating the cost of the selected products and services into a purchase price of the home;
acquiring an appraisal of the home including the selected products and services;
acquiring an approval of a mortgage for the purchase price of the home; and
allowing the mortgage to close. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9)
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10. The method of 8, further comprising scheduling funds placed in the trust account to be released to the homebuyer upon an inability of the bundling company to perform its duties to the homebuyer.
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11. A method for a bundling company to provide products and services to a homeowner during a mortgage transaction, the method comprising:
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offering various products and services to the homeowner via a client;
receiving the homeowner'"'"'s selection of products and services;
acquiring an appraisal of the home including the selected products and services;
receiving confirmation that the mortgage transaction has closed;
receiving payment for the products and services;
calculating costs of the products and services; and
placing costs of products and services into a trust account on behalf of the homeowner. - View Dependent Claims (12)
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13. A method for a client of a bundling company to provide products and services to a homebuyer during a house sale, the method comprising:
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purchasing products and services from the bundling company at wholesale prices;
reselling the products and services to the homebuyer at resale prices;
closing the house sale; and
paying the bundling company the wholesale prices for the products and services. - View Dependent Claims (14)
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15. A method for a client of a bundling company to provide products and services to homeowners during a mortgage transaction, the method comprising:
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offering various products and services to the homeowner at resale prices;
receiving a selection of products and services from the homeowner;
sending the selection of products and services to the bundling company;
acquiring an appraisal of the home including the selected products and services; and
closing the mortgage transaction. - View Dependent Claims (16)
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17. A bundling company configured to provide products and services to a homebuyer in a house sale, wherein the bundling company is set up to perform the steps of:
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selling products and services to a client at wholesale prices;
calculating a cost of selected products and services;
integrating the cost of the selected products and services into a purchase price of the home;
acquiring an appraisal of the home including the selected products and services;
acquiring an approval of a mortgage for the purchase price of the home; and
allowing the mortgage to close. - View Dependent Claims (18, 19)
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20. A computer-readable medium carrying one or more sequences of one or more instructions for providing products and services to a homebuyer in a house sale, the one or more sequences of one or more instructions including instructions which, when executed by one or more processors, cause the one or more processors to perform steps of:
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selling products and services to a client at wholesale prices;
calculating a cost of selected products and services;
integrating the cost of the selected products and services into a purchase price of the home;
acquiring an appraisal of the home including the selected products and services;
acquiring an approval of a mortgage for the purchase price of the home;
allowing the mortgage to close; and
ordering the products and services from suppliers of the products and services.
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Specification