Foreclosure reconveyance definition

Foreclosure reconveyance means a transaction involving:
Sample 1Sample 2Sample 3
Foreclosure reconveyance means a transaction involving all of the following:
Sample 1Sample 2Sample 3
Foreclosure reconveyance means a transaction involving both of the following:
Sample 1Sample 2Sample 3

Examples of Foreclosure reconveyance in a sentence

  • Foreclosure reconveyance transactions occur partly because these deals almost never involve cash investment by the “purchaser” in the foreclosed property.

  • Foreclosure reconveyance transactions involve the transfer of title from the homeowner in foreclosure to a “purchaser” and an alleged second transfer, or reconveyance, of an ownership interest back to the homeowner.


More Definitions of Foreclosure reconveyance

Foreclosure reconveyance means a transaction involv- ing all of the following:
Sample 1Sample 2Sample 3
Foreclosure reconveyance means a transaction that involves both of the following:
Sample 1Sample 2Sample 3
Foreclosure reconveyance means a transaction
Sample 1Sample 2
Foreclosure reconveyance shall have the same meaning as proscribed by MD Code Real Property  7-301 (f), and shall mean a transaction involving:
Sample 1
Foreclosure reconveyance means a transaction involving: (A) The transfer of title to real property by a homeowner during or incident to a proposed foreclosure proceeding, either by transfer of interest from the homeowner to another party or by creation of a mortgage, trust or other lien or encumbrance during the foreclosure process that allows the acquirer to obtain legal or equitable title to all or part of the property; and (B) the subsequent conveyance, or promise of a subsequent conveyance, of an interest back to the homeowner by the acquirer or a person acting in participation with the acquirer that allows the homeowner to possess the real property following the completion of the foreclosure proceeding, including an interest in a contract for deed, purchase agreement, land installment sale, contract for sale, option to purchase, lease, trust or other contractual arrangement.
Sample 1
Foreclosure reconveyance means a transact ion involving: (1) the transfer of title to real property by a foreclosed homeowner during a foreclosure proceeding, either by a transfer of interest from the foreclosed homeowner or by the creation of a mortgage or other lien or encumbrance during the foreclosure process; and (2) the subsequent conveyance, or promise of a subsequent conveyance, of an interest back to the foreclosed homeowner by the acquirer or a person acting in participation with the acquir er that allows the foreclosed homeowner to possess either the residence in foreclosure or ot her real property, which interest includes an interest in a land contract, purchase ag reement, option to purchase, or lease.
Sample 1

Related to Foreclosure reconveyance

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • 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.

  • Public conveyance means a conveyance that the public or a portion of the public has access to and a right to use for transportation, including an airline, railroad, bus, boat, or other public conveyance.

  • Assignment of Rents and Leases means, with respect to the Mortgaged Property, an Assignment of Rents and Leases (and, if there are more than one, each and every one of them), dated as of the Closing Date, granted by the Borrower to Lender with respect to the Leases, as same may thereafter from time to time be supplemented, amended, modified or extended.

  • Financing Statements The meaning specified in Section 9-102(a)(39) of the UCC.

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • Deed means a quitclaim deed(s) substantially in the form set out in the attached Exhibit C.

  • 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.

  • conveyancer means the conveyancer described at paragraph 6 of the Schedule;

  • Conveyancers means conveyancers nominated by the Seller in terms of clause 1.15 of the Contract of Sale;

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • Assignment of Leases With respect to any Mortgaged Property, any assignment of leases, rents and profits or similar agreement executed by the Mortgagor, assigning to the mortgagee all of the income, rents and profits derived from the ownership, operation, leasing or disposition of all or a portion of such Mortgaged Property, in the form which was duly executed, acknowledged and delivered, as amended, modified, renewed or extended through the date hereof and from time to time hereafter.