REO File definition

REO File means all Loan Documents, leases, books, records, files and papers, whether in hard copy or computer format, pertaining to the Real Estate Owned in the possession or control of Seller or its Affiliates or Representatives, including, without limitation, foreclosure documentation, engineering information, photographs, data, sales and purchase correspondence, appraisals, lists of present and former suppliers, accounts and account histories, invoices, insurance policies, environmental site assessments and any information relating to any Tax imposed on the Real Estate Owned.
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REO File means the REO Property Documents, and any additional documents required to be added to the REO File pursuant to this Agreement.
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REO File. With respect to any REO Property, a file folder containing the documents described in Section 3.1(c) hereof.
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Examples of REO File in a sentence

  • In connection with each Assignment of the Assets, the related Seller shall, on behalf of the Purchaser, deliver to and deposit with, the applicable Custodian, as the agent of the Purchaser, the documents or instruments required to be included in the related Mortgage File or REO File, as applicable, with respect to each Mortgage Loan and REO Property sold, transferred and assigned by it.

  • The REO Property Documents, and any additional documents required to be added to the REO File pursuant to this Agreement.

  • From and after the Closing Date, the contents of each Mortgage File or REO File not delivered to the Owner or held by the applicable Custodian shall be held in trust by the Servicer for the benefit of the Owner as the owner thereof.

  • The Sellers shall deliver or cause to be delivered to the applicable Custodian promptly upon receipt thereof any other original documents constituting a part of a Mortgage File received with respect to any Mortgage Loan or REO File with respect to any REO Property, including, but not limited to, any original documents evidencing an assumption or modification of any Mortgage Loan.

  • With respect to any Subsequent REO Properties, the Custodian shall review the items in Section 3.1(c) in additional with respect to any REO loan, review item 2 of the REO Asset Schedule if present on documents listed in 3.1(c) of this Custodial Agreement of the REO File and report to the Legal Title Trustee and the Program Manager any exceptions within three Business Days of the related Delivery Date.

  • Except as disclosed on Exhibit 8, upon discovery or receipt of notice of any materially defective document in, or that a document is missing from, a Mortgage File or REO File, the Sellers shall have 90 days to cure such defect or deliver such missing document to the applicable Custodian.

Related to REO File

  • Servicer File means, collectively, all documents, records and copies pertaining to a Mortgage Loan which are required to be included in the related Servicer File pursuant to Section 3 thereof.

  • Custodial File Any mortgage loan document in the Mortgage File that is required to be delivered to the Trustee or Custodian pursuant to Section 2.01(b) of this Agreement.

  • Servicing File The items pertaining to a particular Mortgage Loan including, but not limited to, the computer files, data disks, books, records, data tapes, notes, and all additional documents generated as a result of or utilized in originating and/or servicing each Mortgage Loan, which are held in trust for the Trustee by the Servicer.

  • CREFC® Special Servicer Property File The data file in the “CREFC® Special Servicer Property File” format substantially in the form of and containing the information called for therein for the Mortgage Loans, or such other form for the presentation of such information as may be approved from time to time by the CREFC® for commercial mortgage securities transactions generally.

  • Contract File means, as to each Contract, other than a Land-and-Home Contract,