Patent ID: 8577792

Claim:
An apparatus comprising: a processor configured to receive information to enroll a borrower into a prevention and protection plan for a proceeding in which a secured party has executed on collateral due to nonpayment associated with a secured loan, wherein the secured loan comprises a loan that is secured with property owned by a borrower; a memory device configured to store terms of the prevention and protection plan in response to enrolling the borrower in the prevention and protection plan; and a module operable on the processor to: identify the occurrence of a covered event; in response to the occurrence of the covered event provide monetary and non-monetary assistance to the borrower to assist the borrower to meet loan payment obligations of the borrower, wherein the assistance is provided for a period spanning from the covered event occurring to occurrence of the proceeding in which the secured party has executed on collateral due to nonpayment; determine that the proceeding in which the secured party has executed on collateral due to nonpayment or a secured property loss event has occurred; engage a first prevention and protection (PP) entity to cancel at least a portion of the secured loan on behalf of the borrower in response to the proceeding in which the secured party has executed on collateral due to nonpayment or secured property loss event occurring so that the at least a portion of the loan payment is no longer owed; and engage a second PP entity to pay at least a portion of the remaining loan payment obligations of the borrower on the secured loan to an investor of the secured loan in response to the proceeding in which the secured party has executed on collateral due to nonpayment or secured property loss event occurring, wherein each of the first PP entity and the second PP entity are separate from the investor.