Abstract: A multi-variable/multi-party mediation by a program administrator coordinates homeowners, mortgage holders, and investors to refinance homes with underwater mortgages, being initiated by homeowner/mortgage holder registration with the administrator. Registration triggers invitations to the homeowner(s), the mortgage holder(s), and one or more investors, for the refinancing program. Refinancing includes requesting a new total loan amount equaling/exceeding current fair market values, and/or matching interest rate requests by investors, with homeowner monthly payment requests. Program completion requires homeowner, mortgage holder(s), and investor(s) acceptance, resulting in mutual rescission of original loan agreement(s), creating Time-Out Mortgages, and Home Certificates—a hybrid security being a combination promissory note and agreement for sharing a Deferred Recapture Amount (DRA), being a difference between the new principal loan amount and total prior home lien amounts.

Abstract: Online multi-variable/multi-party auctions coordinate homeowners, mortgage holders, and investors to refinance homes with underwater mortgages, being initiated by homeowner/mortgage holder registration within the website. Registration triggers email invitations with access to personalized bidding platforms. Auctioning comprises bidding for a new total loan amount equaling/exceeding current fair market values, and/or matching interest rate bids by investors, who may risk share therein, with homeowner monthly payment bids. Auction completion requires homeowner, lien holder(s), and investor(s) acceptance, resulting in mutual rescission of original loan agreement(s). Electronic closings create Time-Out Mortgages, which are recorded, and Home Certificates—a hybrid security being a combination promissory note (with additional benefits) and agreement for sharing a “Deferred Recapture Amount,” being a difference between the new principal loan amount and prior total home lien amounts.