Willing and Able. Typically the mortgagor’(s) reason for default is temporary and a foreseeable solution is probable. The standard options negotiated, ranked in priority are:
Appears in 4 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-2), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-4), Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2007-Cp1)