Patent ID: 8386395

Claim:
A computer-implemented method for providing an adjustment to an estimate of value for a property, the method comprising: receiving, using a data processor, a flag representing an indication of current distress for the property for which there is a corresponding existing loan; receiving, from a database using the data processor, first data representing the estimate of value for the property; receiving, from a database using the data processor, second data representing an outstanding mortgage balance for the corresponding existing loan, the second data being different from the first data; selecting one of a first model when the indication of current distress for the property includes a foreclosure status and a second model when the indication of current distress indicates that one or more payments for the existing loan are overdue; calculating, using the data processor and based on the selected first or second model, the adjustment to the estimate of value, the selected first or second model accounting for the first data representing the estimate of value for the property and the second data representing the outstanding mortgage balance for the corresponding existing loan, the calculating including altering the adjustment based on the flag representing the indication of current distress; providing the adjustment; and determining, when the indication of current distress indicates that the one or more payments for the existing loan are overdue, whether to modify one or more terms of the existing loan based on the adjustment.