Common use of REO Reports Clause in Contracts

REO Reports. Together with the statement furnished pursuant to Section 3.2, the Servicer shall furnish to the Owner on or before the Distribution Date of each month a statement with respect to any REO Property, which statement shall cover the operation of such REO Property for the previous month and the Servicer’s efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month.

Appears in 3 contracts

Samples: Loan Servicing Agreement (Franklin Credit Management Corp), Loan Servicing Agreement (Franklin Credit Holding Corp/De/), Loan Servicing Agreement (Franklin Credit Holding Corp/De/)

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REO Reports. Together with the statement furnished pursuant to Section 3.2, the Servicer shall furnish to the Owner on or before the Distribution Date of each month a statement with respect to any REO Property, which statement shall cover the operation of such REO Property for the previous month and the Servicer’s 's efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month.

Appears in 2 contracts

Samples: Loan Servicing Agreement (Franklin Credit Management Corp), Loan Servicing Agreement (Franklin Credit Holding Corp/De/)

REO Reports. Together with the statement furnished pursuant to Section 3.2, the Servicer shall furnish to the Owner on or before the Distribution Date of each month a monthly statement with respect to any REO Property, which statement shall cover the operation of such REO Property for the previous month and the Servicer’s efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month.

Appears in 2 contracts

Samples: Loan Servicing Agreement (Franklin Credit Management Corp), Loan Servicing Agreement (Franklin Credit Management Corp/De/)

REO Reports. Together with the statement furnished pursuant to Section 3.2, the Servicer shall furnish to the Owner Owners on or before the Distribution Remittance Date of each month a statement with respect to any REO Property, which statement shall cover the operation of such REO Property for the previous month and the Servicer’s efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month. That statement shall be accompanied by such other information as the Owners or their designee shall reasonably request.

Appears in 2 contracts

Samples: Loan Servicing Agreement (Franklin Credit Management Corp), Loan Servicing Agreement (Franklin Credit Holding Corp/De/)

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REO Reports. Together with the statement furnished pursuant to Section 3.2, the Servicer shall furnish to the Owner Owners on or before the Distribution Remittance Date of each month a statement with respect to any REO Property, which statement shall cover the operation of such REO Property for the previous month and the Servicer’s 's efforts in connection with the sale of such REO Property and any rental of such REO Property incidental to the sale thereof for the previous month. That statement shall be accompanied by such other information as the Owners or their designee shall reasonably request.

Appears in 1 contract

Samples: Loan Servicing Agreement (Franklin Credit Holding Corp/De/)

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