John P. McMurray - Woodland Hills CA, US Mitchell G. Turley - Calabasas CA, US
A method for providing funding for a property-related benefit (PRB) associated with an item of property. A PRB lien is prepared that provides for the funding to obtain one or more specified PRBs related to the property. The PRB lien identifies one or more value and corresponding interest rate associated with each respective PRB obtained. The PRB lien can be the only lien existing against the specified item of property or it can exist in conjunction with one or more other liens against the property. Also, the PRB lien can be canceled at any time without affecting the terms of any other existing liens against the property.
Bank of America (Public Company; BAC; Banking industry): Business Operations Executive, (July 2008-Present) Countrywide (Public Company; CFC; Financial Services industry): EVP, (June 2005-June 2008) Coastal Federal Bank (Public Company; 501-...