Distressed properties marketing system and method

US8566172B2 · kind B2 · utility

Assignee

• Preferred Home Buyers Network, Inc. · US

Inventors

• Stephen M. Polston · Excelsior, US
• Aaron Matthew Vennie · Burnsville, US
• Jeffrey Matthew Colville · Maple Grove, US
• Michelle Patrice Hiller · Elk River, US
• Joan Marie Skallman · Excelsior, US

Key dates

• Filing date: Mar 4, 2011
• Grant date: Oct 22, 2013
• Expiry date: Mar 4, 2031

Classification

• Technology area (CPC G): Physics
• CPC primary: G06Q30/0617
• WIPO field: IT methods for management
• WIPO sector: Electrical engineering

Abstract

A computerized system and method is presented that allows selling agents to market a listing agent's distressed property listings even though the selling agents work for a different broker than the listing agent. The owner of the property may restrict the selling agents that may market their property. In one embodiment, the owner selects a qualified lender, and the pool of selling agents who may market that property is limited to selling agents who are associated in the computerized system with the qualified lender. The system allows selling agents to schedule open houses for distressed properties listed by the listing agent, with the system preventing two selling agents from scheduling open houses that conflict with one another. The system tracks the marketing activity of agents, which can be used to suggest listing agents to owners, or to restrict the ability of selling agents to market properties.