Patent ID: 8628151

Claim:
A method for assessing the value of a set of real properties, the method comprising: receiving data related to a set of properties, wherein each property is associated with two or more mortgages and a short sale offer; for each property in the set of properties, determining, by a computer system that comprises one or more computing devices which comprise one or more hardware processors, an expected property value if the property falls into foreclosure; determining, by the computer system, potential losses avoided by a holder of a primary mortgage associated with the property if the short sale offer is accepted, the determining based at least partly on the determined expected property value and an offer amount of an associated short sale offer; and determining, by the computer system, potential losses realized by a holder of a junior mortgage associated with the property if the short sale offer is accepted, the determining based at least partly on the determined expected property value and the offer amount of the associated short sale offer; identifying, by the computer system, a first plurality of properties, within the set of properties, in which a first financial institution is a holder of primary mortgages associated with the first plurality of properties and a second financial institution is a holder of junior mortgages associated with the first plurality of properties; identifying, by the computer system, a second plurality of properties, within the set of properties, in which the first financial institution is a holder of junior mortgages associated with the second plurality of properties and the second financial institution is a holder of primary mortgages associated with the second plurality of properties; and determining, based on the determined potential losses avoided and realized for each property in the first and second pluralities of properties, aggregate amounts of losses avoided and losses realized for the mortgage holders for the first and second pluralities of properties, to facilitate an exchange of mutual release of junior mortgages by the first and second financial institutions to facilitate short sales of the first and second pluralities of properties.