G - Physics – 06 – Q
Patent
G - Physics
06
Q
G06Q 90/00 (2006.01) G06Q 40/08 (2012.01)
Patent
CA 2578451
A method of reducing the risk to a Vendor of a First House that the Vendor of the First House' will have to pay the Monthly Carrying Costs associated with the First House in the event that the First House is not sold within an acceptable period of time, comprising the steps of calculating the Monthly Carrying Costs associated with the First House, establishing a Minimum Acceptable Price for the sale of the First House, calculating the likelihood that the First House will not be sold at or above the Minimum Acceptable Price during the acceptable period of time and calculating the likely length of time required to sell the First House at or above the Minimum Acceptable Price, calculating the potential claim exposure of having to pay the Monthly Carrying Costs after the acceptable period of time until the First House is sold at or above the Minimum Acceptable Price, calculating a premium to be charged to the Vendor, the Vendor entering into an agreement with a Third Party, wherein the Vendor agrees to pay the premium, and the Third Party agrees to pay the Monthly Carrying Costs associated with the First House in the event that First House is not sold within the acceptable period of time and until such time as the First House is sold at or above the Minimum Acceptable Price.
Kerr & Nadeau
National Equity Inc.
Pierce Paul Whitman
LandOfFree
A system and method for insuring real estate transactions does not yet have a rating. At this time, there are no reviews or comments for this patent.
If you have personal experience with A system and method for insuring real estate transactions, we encourage you to share that experience with our LandOfFree.com community. Your opinion is very important and A system and method for insuring real estate transactions will most certainly appreciate the feedback.
Profile ID: LFCA-PAI-O-1908222