| 20110276473 | SYSTEM AND METHOD FOR FACILITATING EXCHANGE OF ESCROWED FUNDS - An electronic escrowed funds transfer system includes an escrow server in communication with a request client and a resource control client. The escrow server may include a funds management module to process and track funds being held in escrow, a resource management module to process a resource modification request, and a data repository module to store information relating to the request client, the resource control client, a resource to be modified, and/or the resource modification request. The resource modification request may be received by the escrow server and may include information relating to a location of the resource to be modified, an amount of funds to be paid for a modification of the resource, and/or a condition associated with the modification of the resource. The resource management module may transmit a notification upon receipt of the funds to the resource control client that a funded modification request has been received, and the resource management module may monitor a status of the modification of the resource to be modified to ensure that the condition has been met. The resource management module is in communication with the funds management module to release the funds to the resource control client upon determining that the condition has been met. | 11-10-2011 |
