Appropriate Proceedings definition

Appropriate Proceedings means any legal or administrative action or proceeding by the Insured affecting either the Loan or the title to the Property, and include, but are not limited to:

Appropriate Proceedings means any legal or administrative action by the Insured affecting either a Loan or title to a Property, including:

Appropriate Proceedings means actions or proceedings appropriate to enforce or satisfy the Borrower’s obligations under the terms of a loan, which could include legal action to enforce the terms of such loan, foreclosure proceedings, eviction proceedings, preserving deficiency rights by making a bid at a foreclosure sale and pursuing a deficiency judgment in those jurisdictions where it is customary to do so during the foreclosure proceedings or as we may require, acquiring title to the Property, or asserting your interest in the Borrower’s bankruptcy proceeding.

Examples of Appropriate Proceedings in a sentence

• You must diligently pursue completion of Appropriate Proceedings once commenced and in compliance with the foreclosure timelines stated in the Servicing Guide and conduct Appropriate Proceedings in a way that preserves our deficiency and subrogation rights and your ability to transfer and assign to us your rights against the Borrower.

• Reasonable expenditures to complete Appropriate Proceedings (including moving expenses, where required by applicable law to be paid by the evicting party) and, if we have exercised the Acquisition Option or there is a Third-Party Sale that we have approved or if we otherwise require access to the Property, eviction proceedings.

• We will not give alternate instructions regarding Appropriate Proceedings on loans insured for the benefit of a GSE Beneficiary without first receiving the GSE’s approval.

• Within 90 days after completion of a foreclosure sale, deed-in-lieu of foreclosure or a Third-Party Sale closes, you may submit a supplemental Claim for Advances you paid that were not included in the accelerated Claim to the extent they would be included in the Claim Amount for, as applicable, the period through which Appropriate Proceedings were required to have been completed, the date the deed-in-lieu of foreclosure is executed, or the date the Third-Party Sale closes.

• If you continue to fail to so notify us for 12 or more months after the deadline for giving us a notice of Default, we may cancel coverage on the loan pursuant to Section 23(b)(iii).54 Monthly Default reportsa) After you give us notice of Default, you must provide us with monthly reports by the 25th day of the following month including the status of the loan and any servicing efforts taken to cure the Default or commence, pursue or complete Appropriate Proceedings.

More Definitions of Appropriate Proceedings

Appropriate Proceedings means any action or proceeding which vests in the Insured all of the Borrower’s rights and title in and to the Property including, but not limited to, foreclosure by public or private sale or voluntary conveyance from the Borrower; provided, however, that such action or proceeding shall not be inconsistent with the requirements of Conditions Six, Nine and Fifteen of this Policy and is permitted by applicable law.

Appropriate Proceedings means actions or proceedings appropriate to enforce or satisfy the Borrower’s obligations under the terms of a loan, which could include legal action to enforce

Appropriate Proceedings means the formal commencement of any legal, administrative, judicial or non-judicial action, proceeding, or remedy, permissible under the laws of the jurisdiction where the Property is located, to enforce the Borrower’s obligations under a Loan, or to apply the Property to the satisfaction of the Borrower’s obligations under a Loan. These proceedings include: enforcing the terms of the Loan, eviction proceedings, preserving Deficiency Rights by making a bid as required under Section 6.03(c)(vi), preserving or establishing Deficiency Rights in accordance with Section 8.03, acquiring Borrower’s Title or Good and Merchantable Title to the Property, as may be required under the Master Policy, or asserting your interest in the Property in a Borrower’s bankruptcy or similar proceeding.

Appropriate Proceedings means any legal, administrative or non-judicial action or proceeding permissible under Applicable Law to enforce the Borrower's obligations under a Covered Loan or to apply the Property to the satisfaction of the Borrower's obligations under such loan or to evict the Borrower from the Property.

Appropriate Proceedings means commencement and maintenance of a proper suit or action in a court of competent jurisdiction or proper proceeding or hearing in front of the appropriate regulatory or administrative agency having jurisdiction over the matter in question.

Appropriate Proceedings means any legal or administrative action or proceeding by the Insured affecting either the Loan or the title to the Property, and include, but are not limited to: [LOGO OMITTED] BULK PRIMARY PMI FIRST LIEN MASTER POLICY ============================================================================

Appropriate Proceedings means any legal or administrative action by the Insured affecting either a Loan or title to a Property, including: Preserving a deficiency recovery by making a bid at the foreclosure sale and pursuing a deficiency judgment until the end of the Settlement Period, where appropriate and permissible and where directed by the Company; or Enforcing the terms of the Loan as allowed by the laws where the Property is located; or Acquiring Borrower's Title or Good and Merchantable Title to the Property, as either may be required under this Policy, but excluding such title as may be acquired by a voluntary conveyance from the Borrower; or Asserting the Insured's interest in the Property in a Borrower's bankruptcy.