Patent ID: 8285568
Filing Date: 2012-10-09
Classification: G06Q

Abstract:
1. A system for providing a Home Resale Price Protection Plan price quote to a given client who is a prospective buyer wherein said price quote comprises a fee for said Home Resale Price Protection Plan and wherein said system comprises: a. a Transactional System which comprises a first computer for accepting applicant information and for providing said price quote based on a pricing model; and wherein said first computer is specifically modified to calculate said fee for said Home Resale Price Protection Plan for said given client purchasing a house to be protected and wherein said specific modification comprises computer readable instructions for calculating said fee according to the relationship: where: Fee i is an index number of said given client; termbegin is when the coverage of said Home Resale Protection Plan begins; termend is when said coverage of said Home Resale Price Protection Plan ends; δ δ M P V(t) is a discount factor to give the present value of said future claim in present day dollars.