Abstract: A method and system for conducting an online property auction whereby the system allows for identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder.
Type:
Application
Filed:
April 29, 2011
Publication date:
August 25, 2011
Applicant:
PROPERTY LIQUIDATORS, INC.
Inventors:
Wayne Curtis Collett, Norman Alan Zahler
Abstract: A method and system for conducting an online property auction whereby the system allows for identifying an owner of property willing to sell his property by an online auction, entering into a contract with the owner obligating him to complete the sales of his property conducted pursuant to terms of the contract; pre-arranging a minimum auction price for his property that accounts for the owner's interest, plus costs and fees, conducting the on-line auction with a plurality of bidders for his property whereby at the on-line auction's conclusion there is a winning bidder and ensuring the transfer of the winning bidder's funds to the escrow holder.
Type:
Application
Filed:
May 11, 2009
Publication date:
October 22, 2009
Applicant:
PROPERTY LIQUIDATORS, INC.
Inventors:
Wayne Curtis Collett, Norman Alan Zahler