CA2485927A1 - Secure sale real-estate transaction default insurance - Google Patents
Secure sale real-estate transaction default insurance Download PDFInfo
- Publication number
- CA2485927A1 CA2485927A1 CA 2485927 CA2485927A CA2485927A1 CA 2485927 A1 CA2485927 A1 CA 2485927A1 CA 2485927 CA2485927 CA 2485927 CA 2485927 A CA2485927 A CA 2485927A CA 2485927 A1 CA2485927 A1 CA 2485927A1
- Authority
- CA
- Canada
- Prior art keywords
- real
- transaction
- estate
- estate property
- insurance
- Prior art date
- Legal status (The legal status is an assumption and is not a legal conclusion. Google has not performed a legal analysis and makes no representation as to the accuracy of the status listed.)
- Abandoned
Links
Classifications
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q50/00—Information and communication technology [ICT] specially adapted for implementation of business processes of specific business sectors, e.g. utilities or tourism
- G06Q50/10—Services
- G06Q50/16—Real estate
-
- G—PHYSICS
- G06—COMPUTING OR CALCULATING; COUNTING
- G06Q—INFORMATION AND COMMUNICATION TECHNOLOGY [ICT] SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES; SYSTEMS OR METHODS SPECIALLY ADAPTED FOR ADMINISTRATIVE, COMMERCIAL, FINANCIAL, MANAGERIAL OR SUPERVISORY PURPOSES, NOT OTHERWISE PROVIDED FOR
- G06Q40/00—Finance; Insurance; Tax strategies; Processing of corporate or income taxes
- G06Q40/08—Insurance
Landscapes
- Business, Economics & Management (AREA)
- Engineering & Computer Science (AREA)
- Strategic Management (AREA)
- Finance (AREA)
- Economics (AREA)
- Accounting & Taxation (AREA)
- Marketing (AREA)
- Theoretical Computer Science (AREA)
- Tourism & Hospitality (AREA)
- Physics & Mathematics (AREA)
- General Business, Economics & Management (AREA)
- General Physics & Mathematics (AREA)
- Health & Medical Sciences (AREA)
- Primary Health Care (AREA)
- Human Resources & Organizations (AREA)
- General Health & Medical Sciences (AREA)
- Development Economics (AREA)
- Technology Law (AREA)
- Financial Or Insurance-Related Operations Such As Payment And Settlement (AREA)
Abstract
In a real-estate property transaction Secure Sale Real-estate Transaction Default Insurance is an insurance product, which is designed to protect real-estate property purchasers and real-estate property vendors from an interruption, delay or cancellation in their transaction to buy or sell a real-estate property.
The Secure Sale Real-estate Transaction Default Insurance will ensure that the money required to fund and complete the real-estate property transaction are available. Both the vendor and purchaser qualify for this insurance plan.
The Secure Sale Real-estate Transaction Default Insurance will ensure that the money required to fund and complete the real-estate property transaction are available. Both the vendor and purchaser qualify for this insurance plan.
Description
Disclosure It is quite common that in many real-estate transactions there is a possibility that one of the parties to the purchase and sale contract may default and as a result cause undue financial hardship and expense to the other party as well as to themselves. We have found that these disadvantages may be overcome by providing an insurance product to both parties in the event of an interruption, delay or cancellation to a real-estate transaction.
Claims (2)
1. Secure Sale Real-estate Transaction Default Insurance is an insurance product designed to protect real-estate property purchasers and real-estate property vendors from an interruption, delay or cancellation in their transaction to buy or sell a real-estate property.
2. The insurance product as defined in claim 1, if exercised will ensure that the money required to fund and complete the real-estate property transaction are available.
Priority Applications (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CA 2485927 CA2485927A1 (en) | 2004-11-19 | 2004-11-19 | Secure sale real-estate transaction default insurance |
Applications Claiming Priority (1)
| Application Number | Priority Date | Filing Date | Title |
|---|---|---|---|
| CA 2485927 CA2485927A1 (en) | 2004-11-19 | 2004-11-19 | Secure sale real-estate transaction default insurance |
Publications (1)
| Publication Number | Publication Date |
|---|---|
| CA2485927A1 true CA2485927A1 (en) | 2006-05-19 |
Family
ID=36406120
Family Applications (1)
| Application Number | Title | Priority Date | Filing Date |
|---|---|---|---|
| CA 2485927 Abandoned CA2485927A1 (en) | 2004-11-19 | 2004-11-19 | Secure sale real-estate transaction default insurance |
Country Status (1)
| Country | Link |
|---|---|
| CA (1) | CA2485927A1 (en) |
Cited By (3)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| WO2008098345A1 (en) * | 2007-02-13 | 2008-08-21 | National Equity Inc. | A system, method and insurance product for insuring real estate transactions |
| US7693765B2 (en) | 2004-11-30 | 2010-04-06 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US9076185B2 (en) | 2004-11-30 | 2015-07-07 | Michael Dell Orfano | System and method for managing electronic real estate registry information |
-
2004
- 2004-11-19 CA CA 2485927 patent/CA2485927A1/en not_active Abandoned
Cited By (4)
| Publication number | Priority date | Publication date | Assignee | Title |
|---|---|---|---|---|
| US7693765B2 (en) | 2004-11-30 | 2010-04-06 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US8160944B2 (en) | 2004-11-30 | 2012-04-17 | Michael Dell Orfano | System and method for creating electronic real estate registration |
| US9076185B2 (en) | 2004-11-30 | 2015-07-07 | Michael Dell Orfano | System and method for managing electronic real estate registry information |
| WO2008098345A1 (en) * | 2007-02-13 | 2008-08-21 | National Equity Inc. | A system, method and insurance product for insuring real estate transactions |
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Legal Events
| Date | Code | Title | Description |
|---|---|---|---|
| FZDE | Dead |