WO2007079132A3 - System and method for providing reverse mortgages - Google Patents

System and method for providing reverse mortgages Download PDF

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Publication number
WO2007079132A3
WO2007079132A3 PCT/US2006/049404 US2006049404W WO2007079132A3 WO 2007079132 A3 WO2007079132 A3 WO 2007079132A3 US 2006049404 W US2006049404 W US 2006049404W WO 2007079132 A3 WO2007079132 A3 WO 2007079132A3
Authority
WO
WIPO (PCT)
Prior art keywords
party
reverse
financing
insurance policy
life insurance
Prior art date
Application number
PCT/US2006/049404
Other languages
French (fr)
Other versions
WO2007079132A2 (en
Inventor
Allen Myerson
Original Assignee
Senior Legacy Preservation Llp
Allen Myerson
Priority date (The priority date 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 date listed.)
Filing date
Publication date
Application filed by Senior Legacy Preservation Llp, Allen Myerson filed Critical Senior Legacy Preservation Llp
Publication of WO2007079132A2 publication Critical patent/WO2007079132A2/en
Publication of WO2007079132A3 publication Critical patent/WO2007079132A3/en

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Classifications

    • G—PHYSICS
    • G06—COMPUTING; CALCULATING OR 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
    • G06Q40/02—Banking, e.g. interest calculation or account maintenance

Abstract

A system and method for providing reverse mortgage-related lending. The method includes arranging financing from a financier to a reverse interest-eligible party with an insurable interest, providing financing to the party, arranging a life insurance policy from an insurance provider to the party, reconciling insurance premiums accountable to the life insurance policy by the financier; and satisfying the party's financing debt through a death benefit received from the life insurance policy. The present invention is applicable to homeowner's presently holding a reverse mortgage and homeowners entering reverse mortgages in the future. The present invention is optionally automated.
PCT/US2006/049404 2005-12-28 2006-12-28 System and method for providing reverse mortgages WO2007079132A2 (en)

Applications Claiming Priority (2)

Application Number Priority Date Filing Date Title
US75419305P 2005-12-28 2005-12-28
US60/754,193 2005-12-28

Publications (2)

Publication Number Publication Date
WO2007079132A2 WO2007079132A2 (en) 2007-07-12
WO2007079132A3 true WO2007079132A3 (en) 2008-04-10

Family

ID=38228830

Family Applications (1)

Application Number Title Priority Date Filing Date
PCT/US2006/049404 WO2007079132A2 (en) 2005-12-28 2006-12-28 System and method for providing reverse mortgages

Country Status (1)

Country Link
WO (1) WO2007079132A2 (en)

Families Citing this family (3)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US7451104B1 (en) * 2007-06-27 2008-11-11 Lti Agency, Llc Method for funding an organization
US20090271223A1 (en) * 2008-04-25 2009-10-29 Guggenheim Partners, Llc Incentive compatible and resetting first mortgage loans and methods, systems, and products for providing same
US7895103B1 (en) * 2008-08-12 2011-02-22 Lti Agency, Llc System and method for funding an organization

Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US5907828A (en) * 1995-12-26 1999-05-25 Meyer; Bennett S. System and method for implementing and administering lender-owned credit life insurance policies
US6012047A (en) * 1993-01-25 2000-01-04 Transamerica Corporation Reverse mortgage processing system

Patent Citations (2)

* Cited by examiner, † Cited by third party
Publication number Priority date Publication date Assignee Title
US6012047A (en) * 1993-01-25 2000-01-04 Transamerica Corporation Reverse mortgage processing system
US5907828A (en) * 1995-12-26 1999-05-25 Meyer; Bennett S. System and method for implementing and administering lender-owned credit life insurance policies

Also Published As

Publication number Publication date
WO2007079132A2 (en) 2007-07-12

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