Patent ID: 7596511

Claim:
A closing system for closing a real estate transaction between a plurality of parties and transferring ownership of property via a real estate deed, the system comprising: a closing server adaptable to internet communications, wherein the closing server comprises: a closing database, wherein the closing database comprises: a closing module executed on the closing server, wherein the closing module presents: at least one pre-defined closing condition, wherein the at least one pre-defined closing condition comprises: at least one first deadline for approving or disapproving the pre-defined closing condition; at least one first identity of the plurality of parties authorized to approve or disapprove the at least one pre-defined closing condition before the at least one first deadline expires; a first active classifier, wherein the at least one pre-defined closing condition is deemed to have failed if not approved before the at least one first deadline expires; a first passive classifier, wherein the at least one pre-defined closing condition is deemed satisfied if not disapproved before the at least one first deadline expires; and at least one custom closing condition, wherein the at least one custom closing condition comprises: at least one second deadline for approving or disapproving the at least one custom closing condition; at least one second identity of the plurality of parties authorized to approve or disapprove the at least one custom closing condition before the at least one second deadline expires; a second active classifier, wherein the at least one custom closing condition is deemed to have failed if not approved before the at least one second deadline expires; a second passive classifier, wherein the at least one custom closing condition is deemed satisfied if not disapproved before the at least one second deadline expires; a title insurance module correlated with the closing database, wherein the title insurance module executed on the closing server presents: a plurality of title insurance company identifying information; a plurality of title insurance policies associated with the plurality of title insurance identifying information, wherein the plurality of title insurance policies each comprise a plurality of terms; and at least one computer processor having identity verifier logic and resources for verifying the identities of the plurality of parties.