Foreclosed Properties definition

Foreclosed Properties has the meaning assigned to such term in the Pooling and Servicing Agreements.
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Foreclosed Properties. Sub-subline" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 "Foreclosed Properties Sublimit" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 35 "Foreclosed Property" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 34 "Free Adjusted Balances" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "Funding Availability Termination Provisions" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 68 "Funding Share" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "Funds from Operations" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "GAAP" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "GNMA" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 "Governmental Authority" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "Guarantor" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 "Guaranty" . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 ii 4
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Examples of Foreclosed Properties in a sentence

  • The incremental cost of such insurance allocable to the Properties or any Foreclosed Properties, if not borne by the Borrower, shall be paid by the Servicer as a Property Protection Advance unless it would be a Nonrecoverable Advance (in which case it shall be paid from the Collection Account as an expense of the Trust).

  • Participating L&W Class Members whose claims are based on Foreclosed Properties, as defined in the Knauf Class Settlement, shall be entitled to the benefits described in the Knauf Class Settlement.

  • Each of the Obligors hereby agrees to dispose of all such Foreclosed Properties mortgaged to the Collateral Agent in the ordinary course of business as promptly as is reasonable and prudent and to apply the net proceeds of such dispositions to reduce the Warehouse Notes.

  • The foreclosure proceedings by which the Foreclosed Properties were acquired by the Company or the Bank were (i) conducted in accordance with all applicable Law in all material respects and (ii) did not result in any negative impact on title received by the Company or the Bank to such Foreclosed Property.

  • The Special Servicer may offer to sell to any Person one or more of the Foreclosed Properties, if and when the Special Servicer determines, consistent with the Servicing Standards, that such a sale would be in the best economic interests of the Holders.

  • In connection therewith, the Servicer shall require the Manager to deposit or cause to be deposited within one (1) Business Day after receipt in the Collection Account all revenues received with respect to all Foreclosed Properties.

  • The Servicer may offer to sell to any Person one or more of the Foreclosed Properties, if and when the Servicer determines, consistent with the Accepted Servicing Practices, that such a sale would be in the best economic interests of the Holders.

  • Subject to Section 7.9(d), the Special Servicer shall retain the entity or entities that were acting as the Property Manager with respect to the Mortgaged Properties immediately prior to the Event of Default, or such other property managers as the Special Servicer shall deem appropriate (the "Manager"), to provide property management services at each of the Foreclosed Properties.

  • HFC will assist City staff in planning the and preparing documents for the resale of Tax Foreclosed Properties, including but not limited to the identifying the appropriate use of each property, preparing any technical requirements for any Requests for Proposal (RFP) for each property, assisting the City in the issuance and distribution of any RFP and in the review and joint evaluation of any RFP responses in order to make a recommendation to the City Council.

  • COMMUNITY Ordinance No. 20-010, entitled “An ordinance amending Chapter 151 of the Lockport Code of Ordinances for the Registration of Vacant and Foreclosed Properties and Rental Properties”, dated: May , 2020.

Related to Foreclosed Properties

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Leased Properties have the meaning set forth in Section 3.16 herein.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Foreclosure Property shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.

  • Subject Properties has the meaning specified in Section 5.13(a).