Patent ID: 7346567

Claim:
A method for financing a real estate transaction between a conditional fee purchaser and a conditional remainder purchaser, said method comprising: (a) executing a conditional fee agreement with regards to purchasing real property between said conditional fee purchaser and said conditional remainder purchaser, said conditional fee agreement having a determination date; (b) executing a real estate sales contract between said conditional fee purchaser, said conditional remainder purchaser, and a seller of a piece of real property; (c) payment by said conditional fee purchaser to the seller of the amount owed by said conditional fee purchaser under the real estate sales contract; (d) payment by said conditional remainder purchaser of closing costs and down payment for the purchase of said real property as required under the real estate sales contract; (e) recording of the deed containing conditional fee language by the seller, after all closing requirements are met; and, (f) receipt by said conditional remainder purchaser on said determination date of either a fee simple interest in said real property, or a payment for said conditional remainder purchaser's share of said fee simple interest by said conditional fee purchaser, wherein the conditional remainder purchaser receives an ownership interest in the real property only upon receipt of the fee simple interest on said determination date.