Title
NEW PATENT APPLICATION FOR STEALING HOMES - PATENT APPLICATION ON FILE AT THE US PATENT AND TRADEMARK OFFICE - THIS IS HOW THEY BANKS AND GREEDY RICH WILL STEAL HOMES ! Read in Comments section and the Link below. Also on Scribd.com
Case Number
A DECEPTIVE system and method for developing a secondary market for transferring and acquiring mortgages is disclosed. The system offers an alternative to the expensive and wasteful proposition of foreclosures. Using the disclosed system, mortgagees holding a security interest in distressed properties can harness the power of computer technology and intelligent processing of data to rapidly perform actuarial analysis and generate documents that enable interested buyers to acquire mortgages through a mortgage transfer process. The system disclosed creates a secondary market of transferrable mortgages and is designed to be beneficial for new buyers where the equity in the existing mortgage is used for down-payment; or excess equity is used to make a one time payment to the original property owner. The system disclosed offers benefits to all key players investors, banks, purchasers and realtors, and prevents waste and enables distressed properties to command their market value.
State or Country
Michigan
Judges
N/A
Defendant
N/A
Document Links 1 (Scribd et. al)
https://www.scribd.com/document/618982604/New-Method-for-Stealing-Homes-on-File-with-the-US-Patent-and-Trademark-Office
Comments
A DECEPTIVE system and method for developing a secondary market for transferring and acquiring mortgages is disclosed. The system offers an alternative to the expensive and wasteful proposition of foreclosures. Using the disclosed system, mortgagees holding a security interest in distressed properties can harness the power of computer technology and intelligent processing of data to rapidly perform actuarial analysis and generate documents that enable interested buyers to acquire mortgages through a mortgage transfer process. The system disclosed creates a secondary market of transferrable mortgages and is designed to be beneficial for new buyers where the equity in the existing mortgage is used for down-payment; or excess equity is used to make a one time payment to the original property owner. The system disclosed offers benefits to all key players investors, banks, purchasers and realtors, and prevents waste and enables distressed properties to command their market value.