Apparatus and methods for facilitating real estate transactions

US8417625B2 · kind B2 · utility

Assignee

• Bank of America Corporation · US

Inventors

• Sudeshna Bannerjee · Waxhaw, US
• Robert M. Caruso · Charlotte, US
• Michael D. Kelly · North Wales, US
• Kim Barbour · Lighthouse Point, US
• Debashis Ghosh · Charlotte, US
• Robert M. Mauldin, III · Charlotte, US
• Robert H. Eshleman · Charlotte, US
• Timothy F. O'Brien · White Lake, US

Key dates

• Filing date: Oct 27, 2008
• Grant date: Apr 9, 2013
• Expiry date: Sep 19, 2030

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q40/03
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

Apparatus and methods for approving financing for the sale of real estate. The apparatus and methods may involve receiving from a seller, or a seller's agent, information regarding the property so that a financial institution can determine a loan amount before the seller is engaged by a buyer. The financial institution may order from vendors documentation and certification desired or required for closing. The financial institution may issue a seal certifying that the financial institution has pre-approved a loan in a stated amount. The amount may be subject to change based on the qualifications of a buyer.