Abstract:
A method for monitoring and protecting a designated real estate Title (Deed/Transfer) against title theft, fraudulent transaction, mortgage fraud includes process and steps of compiling selected data records associated with a designated real estate Title from plurality of predefined sources and storing the compiled data into an associated file within a computer database, number referencing stored selected data to further facilitate confirmation and authentication of the data records, execute monitoring process for an authenticated Title by preparing and registering security Charge/Mortgage on the Title, Issue transaction permit code, registering with local and national lender data base, Mortgage default insurers and Title insurance companies as protected Title, protect an authenticated Title from fraudulent transaction, mortgage fraud and illegal activity by further verifying transactional data of the requesting party with the stored authenticated data, stop transaction on detection of data discrepancies, issue transaction completion permit and discharge registered security charge by obtaining consistency in obtained data records. A system comprising of confirmation, authentication and verification algorithm and ID validation hardware components. The system further includes a computer database for storing data records, computer software to validate ID cards, reference number data records, execute confirmation, authentication and verification algorithm and issue transaction completion permit/Termination warning and security charge/discharge documents.

Description:
BACKGROUND OF THE INVENTION 
       [0001]    1. Technical Field 
         [0002]    The present invention implements a method and system for protecting Real Estate Ownership (Title) Against Fraudulent transaction performed by an unauthorized party. More specifically this invention provides a method and a system for the Real estate owners, Banks, Mortgage lenders and Title insurance companies to protect themselves against fraudulent transaction and mortgage fraud on a designated real estate Title (Ownership). 
         [0003]    2. Description of Related Art 
         [0004]    A transaction on real estate ownership (Title) is made of complex and extensive paper work that typically involves a Buyer, Seller, mortgage lender/finance institute, mortgage default insurance corporations, Title insurance companies, Land registry office, real estate Brokers, paralegals and lawyers. 
         [0005]    There are numerous laws and regulations that directly or indirectly affect a real estate Ownership (title) transaction. These laws and regulations mostly affect but not limited to, Real Estate brokers, lawyers, mortgage lenders and brokers, title insurance companies and land registry office/System. 
         [0006]    Each of the mentioned entities that are party to a real estate Transaction, perform their duties based on the related laws and regulations and also their own security checks and balances to make sure the transaction that they are part to is genuine and lawful. 
         [0007]    In this regard, each year millions of Ownerships (Title) transactions are being performed which sums to exchange of billions of dollars between different parties. 
         [0008]    Every year hundreds of millions of dollars are being lost in real estate industry due to fraudulent transaction (Title theft) and Mortgage fraud. Real estate Ownership Theft (Title theft) is an uprising threat to real estate industry. In fraudulent transactions (Title Theft), Real estate owners, Banks (mortgage lenders/finance companies) and title Insurance Corporation are typically the parties with extensive financial loses. 
         [0009]    Notwithstanding to the check and balances, which are done by parties mentioned in above and the available laws and regulations in this regards, this invention will provide the real estate industry in general and specifically the home owners, Mortgage lenders and Title insurance corporation with a cohesive method and a centralized system to monitor and protect a designated real estate Ownership (Title) from fraudulent transaction (Title Theft) and mortgage fraud. 
         [0010]    It is also appreciated that the present invention will close possible loopholes in the available laws and regulations that are governing the real estate ownership (Title) transaction in today&#39;s real estate industry, which are providing opportunities for misuse and fraud. 
         [0011]    Thus the necessity of Universal and Centralized method and system for the prevention of title and mortgage fraud in today&#39;s real estate industry is much needed and appreciated. 
         [0012]    The present invention fulfills this need and provides the much-needed protection in today&#39;s North America&#39;s Real estate industry. 
       SUMMARY OF THE INVENTION 
       [0013]    Method and system for protecting a designated real estate Title (Deed/Transfer) against title theft, fraudulent transaction, mortgage fraud and illegal activity from unauthorized party by implementing process and steps of compiling selected data records associated with a designated real estate Title (Deed/Transfer) from different sources and storing the compiled selected data records into a predefined file format within a computer database. 
         [0014]    Number referencing the stored selected data to facilitate the authentication process by comparing the said data records with the identical data records obtained from owner/seller&#39;s Title (Deed/Transfer), Mortgage/charge, Tax statement documents and validated owner/seller&#39;s personal Identification information. 
         [0015]    Further to assign owner/seller transaction permit code to an authenticated designated real estate Title (Deed/transfer) in which results to produce and issue of a security charge registration document derived from the said authenticated data record associated with the designated real estate Title (Deed/Transfer). 
         [0016]    Register the produced security charge on an authenticated real estate Title (Deed/Transfer). 
         [0017]    Execute monitoring process by registering the authenticated designated real estate Title (Deed/Transfer) with local and national lender data base, Mortgage default insurers and Title insurance companies and performing scheduled and random status check. 
         [0018]    Protecting an authenticated designated real estate Title (Deed/Transfer) from fraudulent transaction, mortgage fraud and illegal activity by further verifying personal information, transactional data and transaction permit code of the party requesting the transaction with similar authenticated data stored in the associated file within the database. 
         [0019]    Obstruct transaction completion on detection of informational and data discrepancies by notifying legal entities acting on the transaction and related law enforcement agencies of fraudulent status of the transaction. 
         [0020]    Publish transaction completion permits to relevant parties and discharge the said registered security charge. 
         [0021]    The present invention further includes a system which includes confirmation, authentication and verification algorithm for comparing information obtained from compiled selected data record related to a designated real estate title (Ownership/Deed/Transfer) from plurality of predefined sources for the purpose of authentication and verification process. 
         [0022]    The system further includes a computer database for storing complied selected data records and computer software to number reference the said data records, execute the said authentication and verification algorithm and populate the authenticated and verified information into a predefine file format as transaction completion permit, security charge registration or security discharge documents for a designated real estate Title (Deed/Transfer). 
         [0023]    It is appreciated that the present invention provides system and method to prevent real estate Title (ownership) theft from real estate owner&#39;s standpoint and mortgage fraud from mortgage lenders and title insurance&#39;s perspective. 
         [0024]    The process of monitoring and protection in the present invention is summarized in the following five stages as illustrated in figure B. 
         [0025]    The Authentication Process 
         [0026]    The authentication process is the primary stage of the present invention. In this stage a method and system is used to authenticate the available data pertaining to a designated real estate property which is obtained from either a centralized on line land registry system (i.e. TARANET in the province of Ontario, Canada) and if such service is not available in Province/State/County then related data are obtained directly from the land registry office and are compared with relevant data records obtained from the owners/Sellers documents of the designated real estate property. 
         [0027]    The Validation Process 
         [0028]    In the verification stage a method and system is used to verify the Authenticated data records generated from the stage one by comparing the said authenticated data records with owner(s)/seller(s) personal Identification data. 
         [0029]    In this stage the ownership (Title) of the designated real estate property is substantiate to be genuine and lawfully belonging to the ID confirmed owner(s)/Seller(s). 
         [0030]    The Monitoring and Protection Process 
         [0031]    The Monitoring and Protection process consists of a Three-Phase registration process, which implements a method and system to monitor and protect the Title (Ownership/Deed) of a designated real estate property against fraudulent transaction by unauthorized third party. 
         [0032]    In the first phase the authenticated designated real estate property is registered with national database of banks/mortgage/private financial lenders, Mortgage default and Title insurance companies as protected Title (Ownership). This will enable the monitoring and protection agency to be alerted on any transactional request or activity on the protected Title (ownership) at the stage of mortgage approval. 
         [0033]    It is appreciated that this phase of protection will provide appropriate and strong security supervision for the designated protected owner and the financial institute of being subject to fraudulent transaction and possible financial losses at the primary stages of a real estate transaction. 
         [0034]    The second phase of monitoring and protection stage comprises of registering a second charge/Mortgage as security charge on the title (ownership) Figure E at the local land registry office or through centralized on line land registry system, where available. 
         [0035]    It is appreciated that this phase of the present invention will facilitates the monitoring and protection agency with an effective security tool to prevent or obstruct an unauthorized transaction at the final stages of a real estate transactional process. 
         [0036]    The third phase contains the process for issuing a transactional permit and security code for the protected designated real estate property known only to the ID validated owner of the protect Title (ownership) and the monitoring and protection agency. 
         [0037]    The Verification Process 
         [0038]    This stage of the present invention involves a method and system that first verifies the transactional data form the requesting party with the available authenticated data records pertaining to the protected designated real estate Title (Ownership) and subsequently verify the transaction permit security code from the transaction requesting party with the available transaction permit security code available in the monitoring and the protecting agency. 
         [0039]    The monitoring and the protection agency by implementing the method and the system design for this stage of the present invention is enable to enforce a verification process for any requesting or pending transaction on the protected designated Title (Ownership) before authorizing the completion of the transaction, thus eliminating the possibility of an illegal or fraudulent transaction. 
         [0040]    The Transaction Completion Process 
         [0041]    This is the concluding stage of the present invention. 
         [0042]    As the result of assenting verification process, the Transaction Completion stage will facilitate the monitoring and the protecting agency by means of a method and system to first prepare and issue transaction completion permit to the relevant entities involved in the transaction pertaining to the designated protected Title (Deed/ownership). 
         [0043]    The relevant entities include but not limited to Buyer/Seller&#39;s lawyers, Mortgage or financial institute, Title insurance corporation and mortgage default insurance companies. 
         [0044]    At the final phase of this stage the system further prepare and issues the discharge documents for the said registered security mortgage/charge. 
         [0045]    At this point, the monitoring and protection agency have concluded a genuine and lawful transaction on a designated real estate transaction meanwhile protecting the interest of the relevant financial institute, Title insurance and the lawful owner(s) and has prevented substantial financial loses to mentioned entities. 
     
    
     
       BRIEF DESCRIPTION OF THE DRAWINGS 
         [0046]    1—Figure A: Block Diagram illustrating the system components requirement and minimum system support for the present invention. 
           [0047]    2—Figure B: Block Diagram illustrating the five functional stages and the subsequent sub-stages of the present invention. 
           [0048]    3—FIGS. C 3  through C 13 : Flow chart diagram illustrating the data accruing process from local land registry office and related data confirmation algorithm. 
           [0049]    4—FIGS. C 14  through C 27 : Flow Chart diagram illustrating the data accruing process from (Owner/Seller)&#39;s transaction documents and related data confirmation algorithm. 
           [0050]    5—FIGS. C 28  through C 38 : Flow Chart diagram illustrating the data accruing process from (Owner/Seller)&#39;s Identification documents and related ID validation algorithm. 
           [0051]    6—FIG. C 39 : Flow Chart diagram illustrating the authentication process of the acquired data steps and the data consistency algorithm. 
           [0052]    7—FIG. C 40 : Flow Chart illustrating the monitoring and protection Process and steps of the present invention. 
           [0053]    8—FIGS. C 41  &amp;  42 : Flow Chart illustrating the verification process and steps of transaction requesting party data with available authenticated data records. 
           [0054]    9—FIG. C 43 : Flow Chart illustrating the Transaction Completion process. 
           [0055]    10—FIG. D 1 : System Print screen illustrating data input confirmation algorithm. 
           [0056]    11—FIG. D 2  through D 5 : System Print screen illustrating the system generated report for 1 st , 2 nd , 3 rd  and 4 th  set of confirmed reference data records. 
           [0057]    12—FIG. D 6 : System Print screen illustrating the system generated report for authenticated data records sheet pertaining to a designated real estate Title. 
           [0058]    13—Figure E: System Printout illustrating the system generated Security/Charge/Mortgage statement. 
           [0059]    14—Figure F: Print screen illustrating the system generated report for owner/seller ID validated file. 
           [0060]    15—FIGS. G 1  &amp; G 2 : System generated printout of Transaction Completion Permit and Transaction Termination Notice pertaining to a designated protected Title. 
       
    
    
     DETAILED DESCRIPTION OF THE INVENTION 
       [0061]    The system according to the present invention is categorized into five functional components. 
         [0062]    1) Authentication process; 
         [0063]    2) Validation process; 
         [0064]    3) Monitoring and protection; 
         [0065]    4) Verification process; 
         [0066]    5) Transaction Completion Process. 
         [0067]    Authentication process 
         [0068]    The user of the Title monitoring and protection agency inputs municipality address of the designated real estate property as shown in Step ( 1 ) of FIG. C 1 . 
         [0069]    The device use for this mean is a computer-inputting device such as standard keyboard, Box  5  of Figure A. 
         [0070]    The main processing module of the system, Box  1  of Figure A, will search the database of the monitoring and protection agency for exact match of available protected real estate Titles. The data base engine used for this purpose is Microsoft Access software version 2000 of Microsoft corporation, 1 Redmond Wash. 98052-6399, USA. 
         [0071]    If the system finds an identical property in the database then it appoints the designated property as the protected designated Title. 
         [0072]    If the system user inputs “transaction request”, then system executes the verification process, Step ( 199 ) of FIG. C 41 . This stage of the present invention will be described in description for verification process. (Page 25 of this disclosure text) 
         [0073]    If the designated property is not a protected Title, the system then searches for the available on line/centralized land registry system i.e. TARANET in the province of Ontario, Canada. 
         [0074]    If such service is available the system by using high speed internet Modem in Box  3  of Figure A will connect to the land registry system and down load the specified data records pertaining to designated real estate property stated in Step ( 7 A) of FIG. C 4 . 
         [0075]    The system further execution of Step ( 55 ) of FIG. C 13 , where to as appoints the obtained specified data records as Confirmed  1  set of data references with designated reference As CRD 1 ( n= 1-9), FIG. D 2 . 
         [0076]    If the system determines that the on line centralized system does not exist for the designated property then it request the system user Illustration (U) of Figure A to input the specific data records stated in Step ( 7 ) of FIG. C 4  pertaining to the designated real estate Title which is obtained manually from the local land registry office. 
         [0077]    In this mode of collecting specific data records in order to eliminate user/human error, the system further initiates a confirmation algorithm as illustrated in FIG. B 1  and FIG. D 1  for each specific inputted data records. The user manually inputs the specific data required in Step ( 7 ) of FIG. C 4 . 
         [0078]    The device used for inputting data in this phase is a standard computer keyboard, Box  5  of Figure A. 
         [0079]    The user inputs the first data records specified in Step ( 7 A), FIG. C 4  e.g., Municipality addresses, FIG. D 1 . 
         [0080]    The system further appoints this data as RD 1 , Step ( 10 ) of FIG. C 4 . The system user next re-inputs the same data “Municipality Address” for the second time, FIG. D 1 . The system appoints the re-inputted data as (TRD), Step ( 12 ) FIG. C 5 . 
         [0081]    The system further initiates a Confirmation Algorithm (Identical Match Algorithm), Step ( 13 ) of FIG. C 5 . The instrument used for this process is HTML verification module—FIG. D 1 —designed in Microsoft power point software of Microsoft corporation, 1 Redmond Wash. 98052-6399, USA. 
         [0082]    If an exact match for the two inputted data is obtained, then system requests the second input data record from predefined data records ( 7 A) e.g., “Legal Description”, Step ( 14 ) of FIG. C 5 . 
         [0083]    If the inputs of the same data records are not the exact match, the system requires the user to re-input the same predefined data records, Step ( 18 ) of FIG. C 6 , in anticipation to obtain exact match for the inputted data records. 
         [0084]    The system will perform data confirmation task Steps ( 8  to  51 ) of FIGS. (C 4  to C 13 ) pending all the pre selected data records in Step ( 7 A) of FIG. C 4  are confirmed and stored in storage medium in Box  1  of figure A as confirmed 1st set of data references: CRD 1 ( n= 1-9), Step ( 55 ) of FIG. C 13  &amp; FIG. D 2 . 
         [0085]    The system uses Microsoft Access 2003 software of Microsoft corporation, 1 Redmond Wash. 98052-6399, USA as storage medium/database. 
         [0086]    The HTML verification module used as confirmation algorithm at this stage of the present invention will eliminate the possibility user/human error with respect to input data pertaining to a designated real estate Title, thus resulting in to unify and error free data records needed for the next stage. 
         [0087]    The system further request the user to input the data records pertaining to the designated real estate property from the owner(s)&#39;s/Seller(s)&#39;s Title (Deed/Transfer/Ownership) documents in Step ( 57 ) of FIG. C 14  and FIG. D 5 . 
         [0088]    The same confirmation algorithm mentioned herein is further applied to the predefined data records from the owner(s)/seller(s) obtained stated documents in Step ( 57 ) of FIG. C 14 . 
         [0089]    When the system confirms all the predefined data records Steps ( 57  to  82 ) of FIG. (C 14  to C 19 ) requested in Step ( 57 ) of FIG. C 14 , subsequently, the system stores all the confirmed data in the storage medium/database as 2nd reference data: CRD 2 ( n= 10-14), Step( 85 ) of FIG. C 19  &amp; FIG. D 3 . 
         [0090]    Further the system request the user to enter data records as predefined in Step ( 87 ) and ( 108 ) of FIGS. C 20  and C 24  from the mortgage/Charge documents and Tax statement, obtained from the Owner/Seller of the designated real estate property. 
         [0091]    The system further initiates the same confirmation algorithm for each input and re-input of data, pending the precise match of the data records stated in Step ( 87 ) and ( 108 ) and thereafter to store the result in the storage medium/database Figure A as confirmed 3rd set and 4th set of data reference: CRD 3 ( n= 15-17), Step ( 106 ) of FIG. C 23  &amp; FIG. D 4  and CRD 4 ( n =18-20), Step ( 127 ) of FIG. C 27  &amp; FIG. D 5 . 
         [0092]    Steps ( 8 ) to ( 126 ) of FIGS. C 3  to C 27  represent confirmation algorithm for the 1 st , 2 nd , 3 rd  and 4 th  set of reference data. 
         [0093]    Validation Process 
         [0094]    The next phase of the authentication process is to validate the owner(s)/Seller(s) identification of the designated real estate property. 
         [0095]    The system requires a valid driver&#39;s license and a second photo ID. System further employs an ID Card integrated Security check consisting of OCR, Magnetic, Barcode scanner and database management software of Box  7 , 8  &amp; 9  of Figure A, designed by Card Scanning Solutions 10350 Santa Monica Blvd Suite 330 Los Angeles, Calif. 90025. 
         [0096]    The application of combination of OCR (Scanshell.net 800N), Magnetic (MagShell 900 reader) and Barcode Scanning devices of Card Scanning Solutions 10350 Santa Monica Blvd Suite 330 Los Angeles, Calif. 90025 with the database management software specifically designed for ID scanning, validation and data management offers powerful Tool for a foul proof ID validation for the Owner/Seller of the designated real estate property Figure F. 
         [0097]    The database flexibility and capabilities, allows the system user to sort, arrange, store, retrieve, and easily export data to any other application, email and the web. The data and images can be sorted, retrieved according to various search criteria, printed in various formats. It could easily and automatically exported to any other application, email, FTP and the web. 
         [0098]    When the drivers license and the selected second ID is validated,the system further chooses the Name, address and date of birth from the designated real estate owner(s/)Seller(s) validated ID cards as 1st set of validated ID reference data: VID 1 ( n =21-23), Step ( 133 ) of FIG. C 29nd 2nd set of validated ID reference data: VID 2 ( n =24-26), Step ( 151 ) FIG. C 32   
         [0099]    In the absence of a valid driver&#39;s license the system accepts one of the second ID stated in Step ( 134 ) of FIG. C 29  along with a social insurance/card as the initial selected data records pertaining to the owners/sellers of the designated real estate property. 
         [0100]    The system uses the same technology as stated in above to validate the selected second ID chosen from Step ( 134 ) of FIG. C 29  and further requires: 
         [0101]    a) The name and social insurance/security number on the SIN/SSN card as the required field input. Further the system commences the confirmation algorithm, Steps ( 153  to  163 ) of FIGS. ( 33  &amp;  34 ) for the inputted SIN/SSN data records in anticipation of obtaining an error free selected data. 
         [0102]    Once the validation of the selected second ID and confirmation of the inputted data from SIN/SSN card is obtained, the system then appoints the Validated ID as the 2nd set of validated ID reference data: VID 2 ( n =24-26), Step ( 151 ) of FIG. C 32  and the confirmed SIN/SSN card data as CID 3 ( n =27-28), Step ( 164 )  FIG. 34 . 
         [0103]    b) An up-to-date credit history from owner(s)/Seller(s) to select the requested data as stated in Step ( 165 ) of FIG. C 34 . The credit history is obtained directly from EQUIFAX either by fax or on line. The user of the system then inputs and re inputs the selected data from Step ( 165 ) of FIG. (C 34 ) and to further permit the system to execute the point out data confirmation algorithm Step ( 165  to  181 ) of FIGS. (C 34  to  37 ) for errorless data entry in to the system. 
         [0104]    Once the confirmation of data is obtained, the system further appoints the confirmed data as 4th confirmed ID data references: 
         [0105]    CID 4 ( n =29-32) as shown in Step ( 181   b ) of FIG. C 37 . 
         [0106]    It is appreciated that at this stage the system has acquired all the necessary data records to initiate the authentication process. 
         [0107]    The system executes the authentication algorithm as follow: 
         [0108]    If driver&#39;s license was obtain as first ID, then Step ( 182 ) of FIG. C 38 : 
         [0109]    Compare: VID 1 - 21 =VID 2 - 24  &amp; 
         [0110]    VID 1 - 22 =VID 2 - 25  &amp; 
         [0111]    VID 1 - 23 =VID 2 - 26   
         [0112]    Where as (VID 1 - 21 ) represents the full name, (VID 1 - 22 ) represents the address and (VID 1 - 23 ) represents the date of birth of obtained from the owner(s)/seller(s) validated drivers license. 
         [0113]    Respectfully (VID 2 - 24 ) represents the full name, (VID 2 - 25 ) represents the address and (VID 2 - 26 ) represents the date of birth obtained from the owner(s)/seller(s) validated selected second ID card, stated in Step ( 134 ), of FIG. C 29 . 
         [0114]    If hundred percent consistency is obtained in the compared then the system stores VID 2  ( 24 ,  25  &amp;  26 ) as confirmed and validated owner(S)/seller(s) of the designated real estate property to be applied in the next step of authentication process. 
         [0115]    If the drivers License was not obtained as first piece of ID, then Step ( 183 ) of FIG. C 38 : 
         [0116]    Compare: VID 2 - 24 =CID 3 - 27 =CID 4 - 29  &amp; 
         [0117]    CID 3 - 28 =CID 4 - 30  &amp; 
         [0118]    VID 2 - 25 =CID 4 - 32  &amp; 
         [0119]    VID 2 - 26 =CID 4 - 31   
         [0120]    Whereas (VID 2 - 24 ), (CID 3 - 27 ) and (CID 4 - 29 ) represents the full name from second ID stated in Step ( 134 ) of FIG. C 29 , SIN/SSN card Stated in Step ( 153 ) of FIG. C 33  and up-to-date credit bureau report stated in Step ( 165 ) FIG. C 34 . 
         [0121]    (CID 3 - 28 ) &amp; (CID 4 - 30 ) represents SI/SS Number obtained from SIN/SSN card and an up-to-date credit bureau report. 
         [0122]    (VID 2 - 25 ) and (CID 4 - 32 ) represents current address obtained from the selected second ID and an up-to-date credit bureau report. 
         [0123]    (VID 2 - 26 ) and (CID 4 - 31 ) represents date of birth obtained from the selected second ID and an up-to-date credit bureau report. 
         [0124]    If exact consistency is achieved, subsequently the system appoints VID 2  ( 24 , 25  &amp;  26 ) as confirmed and validated owner(S)/seller(s) ID data record: CVID( 24 , 25  &amp; 26 ), step  184  of FIG. C 38 . 
         [0125]    The authentication phase further includes the execution of consistency algorithm that ensures the comparability of the achieved confirmed data records—FIG. D 1 —in the data confirmation phase of the authentication stage. 
         [0126]    The system executes the consistency algorithm as stated in Step  186  of FIG. C 39 : 
         [0127]    Compare: CRD 1 - 1 =CRD 2 - 10 =CVID 25  &amp; 
         [0128]    CRD 1 - 2 =CRD 2 - 11  &amp; 
         [0129]    CRD 1 - 3 =CRD 1 - 7 =CRD 2 - 12 =CRD 3 - 15  &amp; 
         [0130]    CVID 24 =CRD 4 - 20  &amp; 
         [0131]    CRD 1 - 4 =CRD 2 - 13  &amp; 
         [0132]    CRD 1 - 5 =CRD 2 - 14 =CRD 4 - 18  &amp; 
         [0133]    CRD 1 - 9 =CRD 4 - 19  &amp; 
         [0134]    CRD 1 - 8 =CRD 3 - 17  &amp; 
         [0135]    CRD 1  - 6 =CRD 3 - 16   
         [0136]    Where as: 
         [0137]    CRD 1 - 1 : represents Municipality address from the 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0138]    CRD 2 - 10 : represents Municipality address from the 2nd set of confirmed reference data, Step  85  of FIG. C 19 . 
         [0139]    CVID 25 : represents current address of the owner(s)/seller(s) from confirmed validated Owner(s)/Seller(s) Identification card, Step  184  of FIG. C 38 . 
         [0140]    CRD 1 - 2 : represents Legal description of the designated real estate property from the 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0141]    CRD 2 - 11 : represents Legal description of the designated real estate property from the 2nd set of confirmed reference data, Step  85  of FIG. C 19   
         [0142]    CRD 1 - 3 : represents Transferor of the designated real estate property from the 1st set of confirmed reference data, Step  55  of FIG. C 13   
         [0143]    CRD 1 - 7 : represents mortgagor of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0144]    CRD 2 - 12 : represents Transferor of the designated real estate property from the 2nd set of confirmed reference data, Step  85  of FIG. C 19 . 
         [0145]    CRD 3 - 15 : represents Transferor of the designated real estate property from the 3rd set of confirmed reference data, Step  106  of FIG. C 23 . 
         [0146]    CVID 24 : represents full name of the owner(s)/seller(s) from confirmed validated Identification card, Step  184  of FIG. C 38 . 
         [0147]    CRD 4 - 20 : represents beneficiary owner(s) of the designated real estate from the 4th set of reference data, Step  127  of FIG. C 27 . 
         [0148]    CRD 1 - 4 : represents Transferee of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0149]    CRD 2 - 13 : represents Transferee of the designated real estate property from the 2nd set of confirmed reference data, Step  85  of FIG. C 19 . 
         [0150]    CRD 1 - 5 : represents transfer date of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0151]    CRD 2 - 14 : represents transfer date of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0152]    CRD 4 - 18 : represents beneficiary owner(s) of the designated real estate from the 4th set of reference data, Step  127  of FIG. C 27 . 
         [0153]    CRD 1 - 9 : represents consideration amount of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0154]    CRD 4 - 19 : represents beneficiary owner(s) of the designated real estate from the 4th set of reference data, Step  127  of FIG. C 27 . 
         [0155]    CRD 1 - 8 : represents principle amount of the designated real estate property from 1st set of confirmed reference data, Step  55  of FIG. C 13 . 
         [0156]    CRD 3 - 17 : represents the principle amount of the designated real estate property from the 3rd set of confirmed reference data, Step  106  of FIG. C 23 . 
         [0157]    CRD 1 - 6 : represents Mortgagee/Chargee of the designated real estate property from 1st set of confirmed reference data, Step ( 55 ) of FIG. C 13 . 
         [0158]    CRD 3 - 16 : represents Mortgagee/Chargee of the designated real estate property from the 3rd set of confirmed reference data, Step ( 106 ) of FIG. C 19 . 
         [0159]    The execution of Step ( 263 ) of FIG. C 38  marks the end of authentication process for the system. 
         [0160]    It is necessary for the system to achieve exact consistency for data records in the comparability sequence stated hereinabove and illustrated in Step ( 186 ) of FIG. C 39  to enable the system to engage the monitoring and protecting phase of the present invention. 
       Monitoring and Protecting Process 
       [0161]    In product of negative consistency of compared data records, the system will simuntansly display on the computer monitor and print all unmatched data records, Step ( 190 ) of FIG. C 39 . 
         [0162]    The system further issues/relays warring notice to the parties involved in the transaction, e.g., Mortgage lenders mortgage default insurance, Title insurance, legal entities, FIG. G 2 . 
         [0163]    At this stage the system has successfully prevented a possible fraudulent transaction from completion. 
         [0164]    Respectfully the monitoring and protecting agency by implementing the present invention has effectively prevented a fraudulent transaction and precluded the associated extensive financial loses and lengthy/costly legal provocation to the involved Mortgage lender, Title insurance corporation and the Home owner(s). 
         [0165]    In results of affirmative outcome of data records uniformity stated in Step  186  of FIG. C 39 , the system further appoint CRD 1 - 1 , CRD 1 - 2 , CRD 1 - 6 , CRD 1 - 8 , CRD 4 - 19  and CRD 4 - 20 , as authenticated data records ADR( 2 , 6 , 8 , 19 &amp; 20 ) for the designated real estate Title (Ownership/Deed/Transfer), Step  187  of FIG. C 39 . 
         [0166]    The system next stores the mentioned authenticated data records in to a computer data base, illustration  1  of figure A in a predefined format, FIG. D 6  which is simuntansly displayed in the computer monitor. Also a printable version for hard copy filing is an available option to the system user. 
         [0167]    The system user, by selecting the owner as the requesting origin of the authentication process for the designated real estate property directs the system to prepare: 
         [0168]    a) And transmit a monitoring and protection registration template, Step  197  of FIG. C 40 , as protected real estate Title addressed to all mortgage lenders and private financial institute, Title Insurance Corporation and mortgage default insurance companies available in mortgage and Title insurance national database. 
         [0169]    b) And register Second mortgage as security mortgage/charge using authenticated data records stored in the system database, FIG. D 6  and Step ( 195 ) of FIG. C 40  on the authenticated Title either on line where permitted e.g., TARANET system in province of Ontario, Canada or manually in the local land registry office.
       b) And issue Transaction Permit user name as TPUN and security code as TPSC, FIG. F 5  and Step ( 196 ) of FIG. C 40  for validated owner and the related file for the designated authenticated real estate Title.       
 
         [0171]    At this phase of the monitoring and protecting stage of the present invention, the system has engaged into an active protection mode for the authenticated designated real estate Title. 
         [0172]    It is appreciated that at this stage of the present invention any new or pending transactions requested by any third party for the protected designated real estate Title must obtain transaction clearance from the monitoring and protecting agency before being practically able and permitted to complete the transaction. 
         [0173]    The system user by inputting transaction request for the protected designated real estate title engages the system into the verification process. 
         [0174]    Verification process 
         [0175]    The system further executes the verification process by: 
         [0176]    a) Obtaining transactional data records equivalent to ADR 1 , ADR 2 , ADR 6 , ADR 8 , ADR 19 , CVID 24 , CVID 26 , CVID 28  Transaction User Name and Password from the transaction requesting party(s), Step ( 199  ) of FIG. C 41 . 
         [0177]    b) Obtaining business information and contact name of mortgage lender, mortgage default insurance, if applicable, Title insurance company and legal entities for buyer and seller relevant to the requested transaction, Step ( 205 ) of FIG. C 42 . 
         [0178]    c) Appoint the obtained equivalent Transactional data as RPTD ( 1 , 2 , 6 , 8 , 19 ), personal identification information of the requesting party as RPID( 24 , 26 , 28 ), Transaction permit user name as RPTPUN and Transaction permit security code as RPTPSC, Step ( 200 ) of FIG. C 41 . 
         [0179]    d) Executes the consistency algorithm Step ( 199 ) of FIG. C 41  as follow ADR 1 =RPTD 1 , CRD 1 - 2 =RPTD 2 , CRD 1 - 6 =RPTD 6 , CRD 1 - 8 =RPTD 8 , CRD 4 - 19 =RPTD 19 , TPUN=RPTPUN and TPSC=RPTPSC. 
         [0180]    In the product of achieving exact consistency result for above compared data records, the system will reach the Transaction completion stage. 
         [0181]    The system executes the Transaction Completion process by: 
         [0182]    a) To prepare and communicate transaction permit to all relevant parties engaged in the completion of the transaction, Step ( 206 ) of FIG. C 41 . 
         [0183]    b) To Prepare discharge documents for the security Charge/Mortgage registered on the Title of the protected designated real estate Title (Deed/Transfer/ownership), Step  207  of FIG. C 43 . 
         [0184]    C) To Discharge the security Charge/Mortgage from the Title of the protected designated real estate Title (Deed/Transfer/ownership), Step ( 208 ) of FIG. C 43 . 
         [0185]    The system user by selecting Transaction instead of owner, Step ( 189   a ) of FIG. C 39  as the requesting origin of the authentication process for the designated real estate property, directs the system to obtain: 
         [0186]    a) Requesting party(s) information. e.g., name, Address, Tel, Fax, email, nature of request, nature of Business (i.e. Mortgage lender, Title insurance, Mortgage default insurance, Lawyer, Real estate broker, or Law enforcement agencies.) 
         [0187]    The system by receiving requesting party&#39;s(s) information, it prepares and conveys Transaction permit for completion, FIG. G 1 , to all parties relevant to the transaction of the authenticated designated real estate property, Steps  209 , 210 &amp; 211  of FIG. C 43 . 
         [0188]    It appreciated that at this stage, the present invention has successfully and effectively engaged in to a process by means of method and system to authenticate, monitor, protect and complete a genuine and lawful real estate transaction and simuntansly has prevented a fraudulent transaction on a real estate Title with the associated subsequent financial damages and lengthy/costly legal aggravation to parties involved in the transaction and real estate industry in broader-spectrum. 
         [0189]    Although the detailed description of the present invention have been described with respect to the referenced drawing, but it is to be understood that the invention is not limited to the described embodiments and other changes alteration and modification could be made by ones aptitude in the related art without departing from the function, scope and the essence of this invention.