Patent ID: 7949589
Filing Date: 2011-05-24
Classification: G06Q

Abstract:
1. A system for evaluating, funding, and completing a participatory real estate transaction comprising: a. a central database comprising a central information database; b. at least one managed investment fund for funding a participatory real estate transaction based upon at least one investor criteria wherein the investor criteria is retained on the central information database; c. at least one candidate transaction related to a specific investment property submitted by an investment fund applicant for participatory funding retained on the central information database; d. a system transaction manager, comprising computer microprocessor based equipment residing at one or multiple locations, configured by a system administrator to communicate with the central information database to: (i) enter into relationships with the at least one managed investment fund to fund participatory real estate transactions that meet investor criteria; (ii) apply system/policy rules to the submitted candidate transaction to determine its ranking among similarly situated investment properties; (iii) direct a fund manager to evaluate submitted candidate transactions against investor criteria; (iv) designate the eligible candidate transaction in the central database for qualified funding, including directing a title/escrow entity to establish an escrow to receive funds upon completion of the participatory real estate transaction; (v) purchase an investment property and assure the managed investment fund receives a security interest in the investment property; (vi) direct at least one system network consultant to oversee, evaluate, and approve candidate transactions as they move through the system; (vii) fund at least one system network vendor, including a contractor uilder, to provide indicated real estate based services for the candidate transactions; (viii) designate a title/escrow entity to generate a settlement/closing statement for the completed candidate transaction; (ix) release the security interest and parse the participatory shares of the proceeds of the secured participatory real estate transactions between the managed investment fund and the investment fund applicant upon completion of the secured participatory real estate transaction.