Patent ID: 6898574
Filing Date: 2005-05-24
Classification: G06Q

Abstract:
1. A transaction processing system comprising a general purpose computer including a memory, a central processing unit and an input/output device, a data depository coupled to the general purpose computer, the memory of the general purpose computer including computer executable means having an application/customer profile information input module and a recovery module, the application/customer profile information module receiving transaction information for a transaction relating to a property unit which is stored in the data depository, the transaction information including relevant information regarding the property unit which is retrieved from and written to the data depository and the property unit including one of a personal property and a real property, the computer executable means further indicating a default condition for the transaction and initiating a recovery process of the property unit through said recovery module, the recovery process involving two or more actions specific to the property unit, said actions including locating, recovering possession of, managing, appraising and selling the property unit, said process involving services to be provided by a multiple of service providers, said recovery module receiving reporting information regarding the recovery process electronically over a communication network and providing automated coordination of the recovery process by coordinating communications with said multiple of service providers in response to the transaction information stored in the data depository, the transaction information being automatically updated with said reporting information to indicate a current status of the transaction, the automated coordination of the recovery module operating to automatically produce an output requiring action in response to the recovery module receiving the reporting information from one of the multiple service providers.