Systems, apparatus, and method re escrow data and documentation
First Claim
1. Apparatus for an escrow transaction for personal property title transfer, the apparatus comprising:
- a computer based automation system, and system components associated with said system, said components providing implementation, management, tracking, and closing of said escrow transaction, wherein data and documentation for implementing, managing, tracking, and closing the escrow transaction are accessible via on-line communications.
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Accused Products
Abstract
The apparatus and method implements, manages, and tracks on-line digital transactions via an escrow, including opening, servicing, real-time or near-real time status of the broker, title company, lender, vendor, buyer and seller, and closing of an escrow via a medium such as the internet. Multiple access methods are employed. The present invention provides computerization and internet type process implementation for escrow processes including, but not limited to, digital transaction coordination, digital status coordinators, seamless escrow transactions, on-line digital signatures, video signature authentication, digital certificate authentication, signature authentication, satellite and other wireless transmission of escrow transactions, voice digital instruction, the merging of voice with digital data transactions, set-top/WebTV digital escrow transmission, global digital escrow networking, and the like. The system includes appropriate data, application, and servers along with supporting LAN or WAN-based application to perform escrow services.
36 Citations
34 Claims
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1. Apparatus for an escrow transaction for personal property title transfer, the apparatus comprising:
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a computer based automation system, and system components associated with said system, said components providing implementation, management, tracking, and closing of said escrow transaction, wherein data and documentation for implementing, managing, tracking, and closing the escrow transaction are accessible via on-line communications. - View Dependent Claims (2, 3, 21, 22, 23)
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4-20. -20. (canceled)
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24. Apparatus for real estate escrow transactions, comprising:
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a telecommunications system, and associated with said telecommunications system, system components for implementing, managing, tracking, and closing of said escrow transactions, wherein data and documentation regarding said implementing, managing, tracking and closing the real estate escrow transactions are accessible on-line via said telecommunications system. - View Dependent Claims (25, 26, 27, 28)
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29. System for real estate escrow transaction data and electronic document processing and transmitting using a public internet, comprising:
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at least one escrow office first computer means for connecting to the internet, said first computer having first computer program code means for said implementing, managing, tracking and closing of the real estate escrow transactions data and electronic documents;
at least one second computer means for connecting to the internet, said second computer means associated with at least one of the buy-sell principals and agents thereof and having second computer program code means for connecting to said first computer program code means;
at least one third computer means for connecting to the internet, said third computer means associated with at least one service provider, vendor, governmental entity, or quasi-governmental entity and having third computer program code means for connecting to said first computer program code means and said second computer program code means, wherein data and documents associated with implementing, managing, tracking and closing escrow from starting escrow to closing escrow is accessible via the internet by said first computer means and said second computer means and said third computer means. - View Dependent Claims (30, 31, 32)
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33. A method of doing business in property escrow using on-line communications systems, the method comprising:
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establishing an on-line escrow account for all parties requiring access to a given title transfer or ownership transfer of a property; and
controlling on-line transactional account management services for said parties with respect to the on-line escrow account, said services including providing all data and all documents associated with implementing, managing, tracking, and closing the on-line escrow account via the on-line communications systems. - View Dependent Claims (34)
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Specification