Patents by Inventor Eric H. Choltus

Eric H. Choltus 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).

  • Patent number: 8577792
    Abstract: A method for process monitoring is disclosed. A borrower is offered a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan. The proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a proceeding in which a secured party has executed on collateral due to nonpayment prevention and protection (PP) entity on behalf of the borrower in response to a covered event occurring.
    Type: Grant
    Filed: July 7, 2010
    Date of Patent: November 5, 2013
    Assignee: Bank of America Corporation
    Inventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
  • Patent number: 8380620
    Abstract: A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.
    Type: Grant
    Filed: July 7, 2010
    Date of Patent: February 19, 2013
    Assignee: Bank of America Corporation
    Inventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
  • Publication number: 20100293083
    Abstract: A method includes enrolling a borrower in income curtailment protection associated with a loan, where the loan requires periodic payments in order for the borrower to avoid defaulting on the loan. If income curtailment has occurred, a determination is made as to what portion of the periodic payment is to be covered on behalf of the borrower. The determined portion of the periodic payment is covered by an entity other than the borrower on behalf of the borrower.
    Type: Application
    Filed: July 7, 2010
    Publication date: November 18, 2010
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman
  • Publication number: 20100293092
    Abstract: A method for process monitoring is disclosed. A borrower is offered a foreclosure prevention and protection plan associated with a secured loan. A periodic payment is received from the borrower in response to the borrower accepting the foreclosure prevention and protection plan. The foreclosure prevention and protection plan allows for at least a portion of a loan payment for the secured loan to be covered by a foreclosure prevention and protection (FPP) entity on behalf of the borrower in response to a covered event occurring. The foreclosure prevention and protection plan additionally may allow for paying/cancelling the debt's investor in response to loss of the property by the borrower.
    Type: Application
    Filed: July 7, 2010
    Publication date: November 18, 2010
    Applicant: BANK OF AMERICA CORPORATION
    Inventors: Allan S. Voltz, III, Eric H. Choltus, Jason S. Cashwell, Robert M. Mauldin, III, Robert H. Eshleman