Patent ID: 7606746

Claim:
A system for managing a like kind exchange, comprising: a database, stored on a computer readable tangible recording medium, storing information related to sets of assets wherein the sets of assets comprise relinquished assets and acquired assets, and wherein said information comprises a first tracking record comprising data reflecting the relinquishment of at least one asset of the relinquished assets, and a second tracking record comprising data reflecting the acquisition of at least one asset of the acquired assets; each of said sets of assets including at least one asset apiece; a processing engine coupled to said database and operating to select a first set of assets eligible for a like kind exchange based on said information; said processing engine further operating to select a second set of assets eligible for combination with said first set of assets to produce a like kind exchange combination wherein the first set of assets comprises relinquished assets and the second set of assets comprises acquired assets; said processing engine further operating to generate a funding detail file and transmit said funding detail file; a financing institution coupled to said processing engine, and operating to receive said funding detail file and to fund acquired assets and transfer to escrow proceeds from the disposition of relinquished assets based on the funding detail file; and a set of parameters specifying criteria for use by said processing engine to produce particular like kind exchange combinations, wherein said set of parameters includes a comparison tolerance parameter for a tolerated difference in value of the relinquished assets and the acquired assets.