Foreclosure Proceeds definition

Foreclosure Proceeds. Proceeds, net of any related expenses of the Servicer, Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of any Foreclosed Property (including, without limitation, proceeds from the operation or rental of such Foreclosed Property) prior to the final liquidation of the Foreclosed Property.

Foreclosure Proceeds means the proceeds received by the County from the disposition of a subject property through an in rem property tax foreclosure.

Foreclosure Proceeds shall have the applicable meaning set forth below with respect to the Collateral:

Examples of Foreclosure Proceeds in a sentence

• If both the Reserve Account and Delinquency and Prepayment Reserve Account contain their respective amounts required to be on deposit, the Trustee shall transfer such Foreclosure Proceeds to the Redemption Fund.

• After deposit of Foreclosure Proceeds into the Reserve Fund, the Trustee shall deposit such Foreclosure Proceeds first into the Reserve Account if the Reserve Account does not contain the Reserve Account Requirement and if it does contain the Reserve Account Requirement, such Foreclosure Proceeds shall be deposited into the Delinquency and Prepayment Reserve Account.

• Promptly after the deposit of Foreclosure Proceeds into the Pledged Revenue Fund, the Trustee shall, pursuant to a City Directive, transfer such Foreclosure Proceeds first to the Reserve Fund to restore any transfers from the Reserve Fund made with respect to the particular Assessed Property to which the Foreclosure Proceeds relate, and second, to the Redemption Fund as follows.

• Distribution of Foreclosure Proceeds The County treasurer shall follow the procedures set forth in Wis.

• Net Foreclosure Proceeds means the aggregate amount of any foreclosure proceeds or amounts received under any guarantee or surety after deduction of costs, received in connection with a Defaulted Receivable which has been foreclosed and/or written-off.

More Definitions of Foreclosure Proceeds

Foreclosure Proceeds means the proceeds, including interest and penalty interest, received by the City from the enforcement of the Assessments against any Assessed Property, whether by foreclosure of lien or otherwise, but excluding and net of all Delinquent Collection Costs.

Foreclosure Proceeds means the proceeds resulting from the disposition of a property the city received through an in rem tax foreclosure.

Foreclosure Proceeds shall have the applicable meaning set forth below with respect to a Property:

Foreclosure Proceeds means (i) any delinquent special taxes previously levied to pay the principal of and interest on the Prior Bonds and deposited with the Trustee and (ii) any amounts realized through foreclosure actions commenced with respect to such delinquent special taxes and deposited with the Trustee in accordance with this Indenture.

Foreclosure Proceeds. The proceeds, net of any related expenses of the Servicer, the Special Servicer, the Certificate Administrator and/or the Trustee, received in respect of the REO Property (including, without limitation, proceeds from the operation or rental of the REO Property) prior to the final liquidation of the REO Property.

Foreclosure Proceeds means the proceeds resulting from the disposition of the Property by Louisville Metro in an in rem tax foreclosure.

Foreclosure Proceeds means Shared Collateral or Proceeds (each as defined in the Collateral Trust Agreement) received or payable (a) in connection with the enforcement or exercise of any rights or remedies with respect to any portion of the Shared Collateral or (b) pursuant to a plan of reorganization or similar dispositive restructuring plan.