HARP definition
Examples of HARP in a sentence
Each HARP Loan, as of the date of origination, meets the applicable borrower benefit requirements as defined by the applicable Agency subject to any exceptions or variances provided to Seller.
The proceeds of the Mortgage Loan have not been and shall not be used to satisfy, in whole or in part, any debt owed or owing by the Mortgagor to Seller or any Affiliate or correspondent of Seller, except in connection with a refinanced Mortgage Loan (including a HARP Mortgage Loan).
Each HARP Mortgage Loan, as of the date of origination, meets the borrower benefit requirements as defined by the Agency.
Assistance is contingent upon eligibility for a HARP or other substantively similar mortgage refinance.
The Owner further understands that if the Owner fails to comply with the terms of the Construction Contract or Escrow Agreement or refuses to allow the contractor to complete the work outlined in the Job Standards and Specifications, the Owner will be in breach of the terms and may be required to repay the Grant Funds in an amount equal to the cost of the HARP improvements.