Patent ID: 8620791
Filing Date: 2013-12-31
Classification: G06Q

Abstract:
1. A method of brokering tax liens comprising the steps of a) utilizing a computer to determine a total value of current existing tax liens held by a particular taxing district, from an oldest year's tax liens to a most recent year's tax liens, using the total value to compute a basis for a loan; b) finding a public agency willing to buy the current existing tax liens held by a taxing district to provide immediate funding for the taxing district, the public agency being designated as buyer; c) negotiating a purchase price for the existing tax liens as a percentage of a basis, the basis being specifically defined as the total value of those existing tax liens between agreed dates for marketable properties; d) securing a lender willing to loan the purchase price to the buyer via a revolving line of credit for a set closing cost amount and at a negotiated interest rate for an agreed upon term; e) utilizing a computer to determine a combined principle and interest payment due monthly on a resulting loan; f) securing an agreement of the buyer to allow existing collection and enforcement procedures established by the taxing district to remain in place for a duration of the loan; g) negotiating a provision such that the loan agreement is renewable annually by replacing the oldest year's tax liens with a most recent year's liens creating a newly calculated basis, using a computer to recompute an adjusted purchase price on the newly calculated basis; h) securing signatures of all parties to a loan agreement.