Patents by Inventor Candee B. Chusid

Candee B. Chusid has filed for patents to protect the following inventions. This listing includes patent applications that are pending as well as patents that have already been granted by the United States Patent and Trademark Office (USPTO).

  • Method for implementing a restructuring exchange of an excessive undivided debt
    Patent number: 5870720
    Abstract: A method for restructuring an excessive underlying mortgage in excess of its current market value so that the value of the restructured underlying mortgage and the property to which it attaches exceeds the values prior to the restructuring. The method determines an existing underlying mortgage utilizing parameters which include a principal amount, a maturity date, an interest rate and payment periods. Thereafter, a first market value mortgage portion, which is substantially equal to the current mortgage value of the existing mortgage, and a second excess portion, which is the difference between the remaining principal balance of the existing underlying mortgage and the first market value portion, is determined.
    Type: Grant
    Filed: June 15, 1994
    Date of Patent: February 9, 1999
    Inventors: Candee B. Chusid, Julia M. Whitehead