Examples of Foreclosed Loan in a sentence
The lender shall submit the application electronically through VA’s Automated Certificate of Eligibility (ACE) online application.• Foreclosed Loan – Entitlement charged on a foreclosed loan cannot be restored until VA’s loss on the loan has been fully repaid.
Foreclosed Loan – Entitlement charged on a foreclosed loan cannot be restored until VA’s loss on the loan has been fully repaid.
Foreclosure Property: Any real property securing a Foreclosed Loan that has been acquired by the Servicer on behalf of the Issuer through foreclosure, deed in lieu of foreclosure or similar proceedings in respect of the related Loan.
Realised Losses means in relation to a Foreclosed Loan and in respect of any Quarterly Calculation Date, the negative difference between: (a) the aggregate of all Principal Repayments or Net Proceeds relating to principal amounts received by the Issuer since the Cut-Off Date; and (b) the Current Balance of such Foreclosed Loan as of the Cut-Off Date.
Foreclosed Loan: As of any Determination Date, any Loan that as of the end of the preceding Remittance Period has been discharged as a result of (i) the completion of foreclosure or comparable proceedings by the Servicer on behalf of the Issuer; (ii) the acceptance of the deed or other evidence of title to the related Mortgaged Property in lieu of foreclosure or other comparable proceeding; or (iii) the acquisition of title to the related Mortgaged Property by operation of law.