Patent ID: 8818891

Claim:
A computer implemented method for securitizing a loan against an asset comprising: opening bidding using an electronic auction platform for a junior lienholder tranche (B tranche) for a first predetermined period of time; closing by the electronic auction platform bidding in the B tranche, wherein when the B tranche is fully subscribed the purchase price is established; opening bidding by the electronic auction platform in the A tranche for a second predetermined period of time; closing bidding in the A tranche by the electronic auction platform; wherein if the A tranche is not fully subscribed at closing: (i) reducing a size of the B tranche by a seller specifiable amount via an input to the electronic auction platform; and (ii) removing one or more bids of one or more investors in the B tranche that placed their bids last from the B tranche by the electronic auction platform, thereby shrinking a size of the B tranche and reducing the purchase price for the asset; and (iii) reopening bidding by the electronic auction platform in the (A) tranche using the reduced purchase price for the asset.