Syed Zafar Hasnain

Address:

130 N Garland Ct APT 4005, Chicago, IL 60602

VIN:

JTMRK4DV7A5084336

Make:

TOYOTA

Model:

RAV4

Year:

2010

US Patent:

20120005122, Jan 5, 2012

Filed:

Sep 19, 2011

Appl. No.:

13/235753

Inventors:

Mohammed Salahuddin Khan - Lake Forest IL, US
Syed Jafer Hasnain - Hinsdale IL, US

International Classification:

G06Q 40/00

US Classification:

705 36 R

Abstract:

A real estate investing method is disclosed in which aggregated investment capital is used to purchase a plurality of properties from a single lending institution at short-sale prices calculated using a pre-negotiated formula. The lending institution agrees to identify and qualify properties, and accept the short-sale prices, in return for selling a plurality of distressed properties under a single agreement. Owners avoid foreclosure and consequent damage to their credit. Investors aren't burdened by property selection and/or maintenance. In preferred embodiments, owner-occupied homes are purchased, leased back to their occupants, and eventually resold to the occupants if their finances recover. Repurchase credit incentives can be offered to occupants, providing limited participation in property appreciation and motivating occupants to maintain the properties and strive to repurchase them. During leases, landlord services are provided under contract by local service providers and/or regional warranty providers. A central support group can provide centralized tenant support.

US Patent:

20100293114, Nov 18, 2010

Filed:

May 15, 2009

Appl. No.:

12/466921

Inventors:

Mohammed Salahuddin Khan - Lake Forest IL, US
Syed Jafer Hasnain - Hinsdale IL, US

International Classification:

G06Q 90/00

US Classification:

705500

Abstract:

A real estate investing method is disclosed in which aggregated investment capital is used to purchase a plurality of properties from a single lending institution at short-sale prices calculated using a pre-negotiated formula. The lending institution agrees to identify and qualify properties, and accept the short-sale prices, in return for selling a plurality of distressed properties under a single agreement. Owners avoid foreclosure and consequent damage to their credit. Investors aren't burdened by property selection and/or maintenance. In preferred embodiments, owner-occupied homes are purchased, leased back to their occupants, and eventually resold to the occupants if their finances recover. Repurchase credit incentives can be offered to occupants, providing limited participation in property appreciation and motivating occupants to maintain the properties and strive to repurchase them. During leases, landlord services are provided under contract by local service providers and/or regional warranty providers. A central support group can provide centralized tenant support.