Foreclosed homeowner definition

Foreclosed homeowner means an owner of residential real property, including a condominium, that is the primary residence of the owner and whose mortgage on the real property is or was in foreclosure, forfeiture, or tax sale.
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Foreclosed homeowner means an owner of a residence in foreclosure.
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Foreclosed homeowner means an owner of distressed property.
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Examples of Foreclosed homeowner in a sentence

  • One way that could both encourage recipients to choose a particular payment option, and create an immediate flow of resources to the BSF, would be to link it to the possibility of the recipient making an up-front payment on access to material under an SMTA to a discount against payments due when a product is commercialized, related to the size of the up-front payment.

  • A federal or6 state chartered bank, savings bank, thrift, or credit union is not a7 distressed property purchaser.8 (4) "Foreclosed homeowner" means an owner of distressed property.9 (5) "Resale" means a bona fide market sale of the distressed10 property subject to the distressed property conveyance by the11 distressed property purchaser to an unaffiliated third party.12 (6) "Resale price" means the gross sale price of the distressed13 property on resale.14 NEW SECTION.

  • Foreclosed homeowner" means an owner of residential real property, including a condominium, that is the primary residence of the owner and whose mortgage on the real property is or was in foreclosure.

  • Second mortgage, mechanics lien, two judgment.• Foreclosing mortgagee underbids at sheriff’s sale.• Home would be a good deal if could redeem without paying junior creditors.• Foreclosed homeowner and speculator enter into mortgage (which now has lowest position lien).• Speculator notices intent to redeem.• If no other junior creditor’s redeem, speculator takes home without other junior liens.• Opportunity for scammers to create fictional liens.• Otherwise legal.Criminal Concerns… United States v.

  • She is concerned there is discussion regarding the purchase agreement because the vote should not be valid because of a conflict of interest.


More Definitions of Foreclosed homeowner

Foreclosed homeowner means an owner of residential
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Foreclosed homeowner means an owner of residential real property, including a condominium,new text begin or an owner of real property that is principally used for farming as defined in section 500.24, subdivision 2,new text end that is the primary residence of the owner and whose mortgage on the real property is or was in foreclosure.
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Related to Foreclosed homeowner

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

  • Multifamily dwelling means a structure that contains more than one separate residential dwelling unit, which is used or occupied, or is intended to be used or occupied, in whole or in part, as the home or residence of one or more persons.

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

  • Homeowner means the owner(s) of the real property for which project is taking place and is a party to the contract.

  • 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.

  • Multifamily housing means housing accommodations designed as a residence for more than 1 family.

  • 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.

  • 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.

  • Unimproved Land means land on which no development (other than improvements that are not material and are temporary in nature) has occurred.

  • College property means any property owned, leased, or controlled by a member college of the Virginia Community College System and the administrative office of the Virginia Community College System.

  • Related Property means a parcel of real property, together with improvements thereon and personal property related thereto, that is “related” within the meaning of the definition of Significant Obligor, to the Property.