Patent ID: 7516099

Claim:
A computer-implemented method for selling a partial equity interest in a real estate property, comprising: applying for a real estate property equity sale and providing information to an entity relating to a real estate property transaction; enabling with a computer processor, a data interface between a homeowner owning a residential property that is homeowner occupied and at least one investor, the data interface is configured to create a partial equity interest in the residential property, wherein the partial equity interest is associated with a non-debt related investment between the homeowner and the investor, wherein the partial equity interest in the residential property does not obligate the homeowner to repay an investment made by the investor at anytime, the creation of the partial equity interest comprising: the homeowner obtaining value for the partial equity interest; the homeowner retaining right to continue to receive one or more tax advantages of ownership of the residential property; the homeowner retaining right of residency of the residential property, right to make home improvements, and right to determine when to sell the residential property; the homeowner having an obligation to pay any real estate taxes and mortgage payments, insurance and up keep expenses associated with the residential property; the homeowner granting right to the investor to retain the partial equity interest in the residential property upon sale of the residential property, wherein a subsequent purchaser of the residential property has right to agree whether the investor retains the partial equity interest in the residential property; the investor waiving right to control and sale of the residential property, while retaining rights to approve a sales price of the residential property; the investor waiving right to obtain any potential cash flows from the residential property; the investor having right to waive receipt of proceeds from sale of the residential property in exchange for retaining the partial equity interest in the residential property; the investor collecting a share of proceeds from a future sale of the residential property based on the partial equity interest; the investor obtaining right to transfer the partial equity interest in the residential property to other parties; storing information about the partial equity interest in a computer memory; checking for related property documentation to ensure that all pertinent property documentation is provided; processing transaction information relating to the real estate property transaction; transferring funds between the homeowner and the at least one investor participating in the real estate property transaction; and filing documents that are related to the partial equity interest and making the documents of record.