Patent ID: 8463697

Claim:
A method to finance a transition of a borrower between ownership of a prior home to ownership of a new home in conjunction with services, the method comprising: determining the value of the prior home; establishing, using a processing machine, at the time of purchase of the new home, a loan balance associated with the new living situation cost, the new living situation cost including: the cost to purchase the new home, and the cost of the services, the services incurred by the borrower during occupation of the new home, and wherein the loan balance includes periodic accumulated interest plus principle and constitutes collectable proceeds up to a value of the new home, such that the collectable proceeds is limited to a secured value of the new home; and performing processing, by the processing machine, to use the value of the prior home as equity in the new home and as collateral for the collectable proceeds, and proceeds from sale of the prior home, based on the value of the prior home, being collected and passing into the equity of the new home so as to finance the transition of the borrower between ownership of the prior home to ownership of the new home in conjunction with the services; and generating respective values, by the processing machine, to represent the equity in the new home and the collateral for the collectable proceeds; the method constituted of financing a transition of a borrower between ownership of the prior home to ownership of the new home in conjunction with the services such that the transition is associated with an increase in living situation cost of the borrower between a prior living situation cost and the new living situation cost, the new living situation cost including the new home and the services, the method alleviating cash flow burden to the borrower resulting in minimal monthly payments for as long as the borrower occupies the new home, and the new home being purchased prior to the sale of the prior home; and wherein the value of the prior home is determined based on a sale of the prior home.