IP Library Patent Application 14720654
Patent Application
App. No. 14/720,654

NETWORK COMPUTER SYSTEM TO PREDICT CONTINGENCY OUTCOMES

Loading inventors, assignments & file history…
Monitor This Case
Get email alerts when status or documents change.
Order Certified Copies
Most orders are placed with the USPTO same day — all within 24 business hours.
Order via The Patent Place →
Pre-filled with this patent's details
Quick Facts
Patent No.
US None
App. No.
14/720,654
Abstract

Examples described herein pertain generally to network computer systems, and more specifically, to network computer systems for predicting contingency outcomes.

Claims (37)

1 . A computer system comprising:

a set of memory resources to store a set of instructions;

one or more processors to access the set of instructions to:

provide an interface for submitting offers for a transaction of a given item;

process each offer received through the interface, including (i) identifying a value of the offer, and (ii) a set of contingencies associated with the offer;

for each offer, determine a likelihood that, if the offer is accepted for the transaction, the set of contingencies associated with the offer will resolve in favor of completing the transaction;

publish the offer for at least a group of users, including multiple users who select to view information about or participate in the transaction;

for each offer, display a corresponding indication of the likelihood that the offer will resolve in favor of completing the transaction along with the published offer, so that multiple offers are published with the corresponding indication.

2 . The computer system of claim 1 , wherein the corresponding indicator of each offer includes an overall score that represents a likelihood that all contingencies in the set of contingencies will resolve in favor of completing the transaction.

3 . The computer system of claim 1 , wherein the corresponding indicator of each offer includes a set of scores, and wherein each score in the set represents a likelihood of a specific contingency in the set of contingencies will resolve in favor of completing the transaction.

4 . The computer system of claim 1 , wherein the corresponding indicator of each offer reflects a factor for determining the likelihood of a specific contingency in the set of contingencies.

5 . The computer system of claim 1 , wherein the one or more processors enable individual users who submit offers through the interface to update each submitted offer so as to change the corresponding indication of the likelihood.

6 . The computer system of claim 1 , wherein the one or more processors re-determine, for each the likelihood that, if the offer is accepted for the transaction, the set of contingencies associated with the offer will resolve in favor of completing the transaction.

7 . The computer system of claim 1 , wherein the one or more processors publish the offer for at least a group of users by removing personal information about a user who submits an offer in order to eliminate from the published offer, any information that links the user who submits the offer to a demographic profile.

8 . The computer system of claim 1 , wherein the interface enables each user to update the offer and the set of contingencies associates with each offer until a predetermined time at which point no further offers are provided.

9 . The computer system of claim 1 , wherein the one or more processors determine one or more contingency parameters for the set of contingencies, and wherein the likelihood is determined using the contingency parameters.

10 . The computer system of claim 1 , wherein the given item is for a real-estate transaction, and wherein the set of contingencies include one or more conditions of property inspection and financing.

11 . The computer system of claim 1 , wherein the one or more contingency parameters indicate a strength of a contingency specified by the buyer.

12 . A method for operating a computing device, the method being implemented by one or more processors and comprising:

providing an interface for submitting offers for a transaction of a given item;

processing each offer received through the interface, including (i) identifying a value of the offer, and (ii) a set of contingencies associated with the offer;

for each offer, determining a likelihood that, if the offer is accepted for the transaction, the set of contingencies associated with the offer will resolve in favor of completing the transaction;

publishing the offer for at least a group of users, including multiple users who select to view information about or participate in the transaction;

for each offer, displaying a corresponding indication of the likelihood that the offer will resolve in favor of completing the transaction along with the published offer, so that multiple offers are published with the corresponding indication.

13 . The method of claim 12 , wherein the corresponding indicator of each offer includes an overall score that represents a likelihood that all contingencies in the set of contingencies will resolve in favor of completing the transaction.

14 . The method of claim 12 , wherein the corresponding indicator of each offer includes a set of scores, and wherein each score in the set represents a likelihood of a specific contingency in the set of contingencies will resolve in favor of completing the transaction.

15 . The method of claim 12 , wherein the corresponding indicator of each offer reflects a factor for determining the likelihood of a specific contingency in the set of contingencies.

16 . The method of claim 12 , wherein the one or more processors enable individual users who submit offers through the interface to update each submitted offer so as to change the corresponding indication of the likelihood.

17 . The method of claim 12 , wherein the one or more processors re-determine, for each the likelihood that, if the offer is accepted for the transaction, the set of contingencies associated with the offer will resolve in favor of completing the transaction.

18 . The method of claim 12 , wherein the one or more processors publish the offer for at least a group of users by removing personal information about a user who submits an offer in order to eliminate from the published offer, any information that links the user who submits the offer to a demographic profile.

19 . The method of claim 12 , wherein the interface enables each user to update the offer and the set of contingencies associates with each offer until a predetermined time at which point no further offers are provided.

20 . A non-transitory computer-readable medium that stores a set of instructions, which when executed by a computer, causes the computer to perform one or more operations comprising:

providing an interface for submitting offers for a transaction of a given item;

processing each offer received through the interface, including (i) identifying a value of the offer, and (ii) a set of contingencies associated with the offer;

for each offer, determining a likelihood that, if the offer is accepted for the transaction, the set of contingencies associated with the offer will resolve in favor of completing the transaction;

publishing the offer for at least a group of users, including multiple users who select to view information about or participate in the transaction;

for each offer, displaying a corresponding indication of the likelihood that the offer will resolve in favor of completing the transaction along with the published offer, so that multiple offers are published with the corresponding indication.

Assignments (6)
CHANGE OF NAME Recorded Feb 13, 2019
From: TEN-X, LLC
To: AUCTION.COM, LLC
Reel/Frame 048720/0595 →
RELEASE OF SECURITY INTEREST RECORDED AT REEL/FRAME 037865/0609 Recorded Oct 11, 2017
From: SUNTRUST BANK
To: TEN-X, LLC
Reel/Frame 044173/0193 →
FIRST LIEN SECURITY AGREEMENT Recorded Sep 29, 2017
From: TEN-X, LLC
To: ANTARES CAPITAL LP, AS COLLATERAL AGENT
Reel/Frame 044049/0443 →
CHANGE OF NAME Recorded May 23, 2016
From: AUCTION.COM, LLC
To: TEN-X, LLC
Reel/Frame 038782/0799 →
SECURITY INTEREST Recorded Mar 1, 2016
From: TEN-X, LLC (FORMERLY KNOWN AS AUCTION.COM, LLC)
To: SUNTRUST BANK, AS ADMINISTRATIVE AGENT
Reel/Frame 037865/0609 →
ASSIGNMENT OF ASSIGNOR'S INTEREST Recorded Jun 24, 2015
From: HUDSON, JAMES; DEVER, NATHANIEL; GIBSON, RUSSELL
To: AUCTION.COM, LLC
Reel/Frame 035964/0633 →