Property in Foreclosure definition

Property in Foreclosure means any Property upon which a Notice of Default has been issued by a lender, mortgagee, or beneficiary of any deed of trust.
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Examples of Property in Foreclosure in a sentence

  • Personally identifiable information (PII) will be protected in accordance with sections 552a of title 5, United States Code, also known as the Privacy Act of 1974 (Reference (x)) and DoDD 5400.11 and Public Law 104-191 (References (y) and (z)).

  • Additional requirements:• Property in Foreclosure is not eligible for financing.• First-time Home Buyers.

  • An Ordinance of the City Council of the City of Moreno Valley, California, adding Chapter 6.14 to Title 6 of the City ofMoreno Valley Municipal Code establishing the Registration of Residential Property in Foreclosure Program.

  • The teacher can learn from the cards on which students responded to the question, and whether or not the response was correct.

  • First Amended and Restated Supplemental Retirement Agreement between Iowa State Bank & Trust Company (now known as MidWest One Bank) and Gary J.

  • On June 16, 2009, the City Council of the City of Richmond enacted Ordinance No. 16-09 N.S., which added Chapter 7.105 to the Richmond Municipal Code, entitled Eviction Control on Residential Property in Foreclosure.

  • Sign Ordinance-review and revise sign ordinance with regards to zoning: Will defer to the Township Attorney • Registration and Maintenance of Vacant and Abandoned Property in Foreclosure: The Township Committee reviewed an Ordinance from another Township where fees are charged on an annual basis to banks for homes that are abandoned and/or going into foreclosure.

  • Authorities can negotiate resource availability with other authorities in the network.

  • If the beneficiary or trustee issues a Notice of Default prior to the Effective Date of this Ordinance, and such Notice of Default has not been rescinded, the beneficiary or trustee shall register the Property in Foreclosure with LAHD within 30 days of the Effective Date of this Ordinance.

  • New § 11-14, entitled “Registration of Property in Foreclosure Required; Vacant Property in Foreclosure,” is hereby adopted as follows: § 11-14 Registration of Property in Foreclosure Required; Vacant Property in Foreclosure § 11-14.1 Creditor to Register Property in Foreclosure in Addition to Notice.

Related to Property in Foreclosure

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

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • Residence in foreclosure or “affected residence” means residential real property consisting of one to four family dwelling units, one of which the owner occupies as the owner’s principal place of residence, where a delinquency or default on any loan payment or debt is secured by or attached to the residential real property including but not limited to contract for deed payments, real estate contracts, or real estate taxes.

  • Real Property Interests means all interests in real property of whatever nature, including easements, whether as owner or holder of a Security Interest, lessor, sublessor, lessee, sublessee or otherwise.

  • Substitute Property shall have the meaning set forth in Section 2.6 hereof.

  • 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.

  • Mortgaged Real Property means any parcel of Real Property that shall become subject to a Mortgage after the Closing Date, in each case together with all of such Credit Party’s right, title and interest in the improvements and buildings thereon and all appurtenances, easements or other rights belonging thereto.

  • Property Owner Association Property means, for each Fiscal Year, any property within the boundaries of IA No. 1 that was owned by a property owner association, including any master or sub-association, as of January 1 of the prior Fiscal Year.

  • Condominium Property means the lands, leaseholds, and personal property that are subjected to condominium ownership, whether or not contiguous, and all improvements thereon and all easements and rights appurtenant thereto intended for use in connection with the condominium.

  • Foreclosure Event means: (i) foreclosure under the Mortgage; (ii) any other exercise by Mortgagee of rights and remedies (whether under the Mortgage or under applicable law, including bankruptcy law) as holder of the Loan and/or the Mortgage, as a result of which Mortgagee becomes owner of the Property; or (iii) delivery by Landlord to Mortgagee (or its designee or nominee) of a deed or other conveyance of Landlord’s interest in the Property in lieu of any of the foregoing.

  • Permitted Exception means that, with respect to any representation, warranty or covenant with respect to the interest of the Buyer and its assignees in the ARSC Purchased Assets or any Servicer Default, that (i) prior to recordation (A) pursuant to Section 8.3 of this Agreement and/or Section 2.01(d)(i) of the Transfer and Servicing Agreement or (B) upon the sale of a Home to an Ultimate Buyer, record title to such Home may remain in the name of the related Transferred Employee, and no recordation in real estate records of any mortgage or any conveyance pursuant to the related Home Purchase Contract or Home Sale Contract in favor of any Transaction Party or any of the Buyer’s assignees and assigns pursuant to the Receivables Purchase Agreement will be made except as otherwise permitted under Section 2.01(d)(i) of the Transfer and Servicing Agreement and (ii) no delivery of any Home Purchase Contracts, Home Deeds and Equity Loan Notes to any custodian will be required.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Leasehold Estate means Borrower’s interest in the Land and any other real property leased by Borrower pursuant to the Ground Lease, if applicable, including all of the following:

  • Real Estate Asset means, at any time of determination, any interest (fee, leasehold or otherwise) then owned by any Credit Party in any real property.

  • Property Income means cash rents (excluding non-cash straight-line rent) and other cash revenues received by the Borrower or a Guarantor in the ordinary course for any Property, but excluding security deposits and prepaid rent except to the extent applied in satisfaction of tenants’ obligations for rent.

  • Released Mortgaged Property Proceeds As to any Mortgage Loan, proceeds received by the Servicer in connection with (a) a taking of an entire Mortgaged Property by exercise of the power of eminent domain or condemnation or (b) any release of part of the Mortgaged Property from the lien of the related Mortgage, whether by partial condemnation, sale or otherwise, which are not released to the Mortgagor in accordance with applicable law and mortgage servicing standards the Servicer would use in servicing mortgage loans for its own account and this Agreement.

  • Hotel Property means a Property on which there is located an operating hotel.

  • Release Property shall have the meaning set forth in Section 2.6 hereof.

  • Personal Property Collateral means all Collateral other than Real Property.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Leasehold interest means the interest of the lessor or the lessee under a lease contract.

  • Real Estate Leases is defined in Section 4.7.

  • Real Property Collateral means the parcel or parcels of Real Property identified on Schedule R-1 and any Real Property hereafter acquired by Borrower.

  • the Property means the Property more particularly described in Condition 2 of the Conditions of Sale (as defined in 1.6 below);

  • Scheme Property means the property of the Company required under the FCA Rules to be given for safe-keeping to the Depositary.