REO Assets definition

REO Assets of a Person means any real property owned by such Person and acquired as a result of the foreclosure or other enforcement of a lien on such asset securing a loan, Servicing Advance or other mortgage-related receivables.
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REO Assets means any real property owned by any Person and acquired as a result of the foreclosure or other enforcement of a lien on such asset securing a Mortgage Loan.
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REO Assets of a Person shall mean any real property owned by such Person and acquired as a result of the foreclosure or other enforcement of a lien on such asset securing a loan, Servicing Advance or other mortgage-related receivables.
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Examples of REO Assets in a sentence

  • I understand that such transfers will entail the transfer of all right, title and interest in the REO Assets on an absolute and non-recourse basis, and full risk of loss with respect to the REO Assets will pass to the DIP REO Subsidiary.

  • I also understand that RMS will have no right to receive any proceeds allocable to the REO Assets, and will not guarantee or otherwise pay to the DIP REO Subsidiary a specified yield (or adjust the purchase price post- sale).

  • TBW and the Trust have been actively attempting to donate certain REO Assets in Illinois.

  • In the course of transferring or otherwise disposing of its remaining REO Assets in Illinois, TBW and the Trust will endeavor to determine whether it is appropriate to donate any REO Assets in Illinois to not-for-profit agencies providing housing to low- income residents of Illinois, taking into account their duty to maximize recoveries for the benefit of the various creditor constituencies in the Bankruptcy Case.

  • Therefore, I believe that this Court should grant the relief requested in the DIP Motion and find that the sales of REO Assets to the DIP REO Subsidiary constitute “true sales” and not secured financings.

  • The City Manager is, in effect, the Chief Executive Officer, who answers to the ‘Board of Directors,’ the Mayor and City Council, elected by the citizens of Rowlett.” Plaintiff believed in good faith that both the City Manager and the City Attorney were authorized to regulate under, enforce, investigate, or prosecute a violation of the state’s sexual harassment and other laws and policies.

  • All Real Property (other than REO Assets) owned by a Credit Party as of the Closing Date, with a book value as of September 30, 2017 of at least $5,000,000, is set forth on Schedule 3.12.

  • The transfers will entail the transfer of all right, title and interest in the REO Assets on an absolute and non-recourse basis, and full risk of loss with respect to the REO Assets will pass to the DIP REO Subsidiary.

  • Pursuant to the BofA Global Settlement Stipulation, the Designated REO Assets are to be held in trust for the benefit of Creditors other than the BofA Syndicate.

  • Suggested As-Is List Price: $ 18000000.00 Suggested As-Repaired Value: $ Must be completed on all non-HUD REO Assets (HUD assets do not require the 30 day value): 30-Day As-Is Value: $ 30-Day As-Repaired Value: $ COMMENTS:(Include specific positives/negatives, unique features, special concerns, encroachments, easements, water rights, environmental concerns, flood zones, etc.) Large development parcels in DTSP are very rare are usually sourced off market.


More Definitions of REO Assets

REO Assets means any real property owned by any Person and acquired as a result of the foreclosure or other enforcement of a lien on such asset securing a Xxxxxx Xxx Mortgage Loan.
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REO Assets means the real property, including all improvements thereon: (i) listed on Schedule B, and (ii) of the Seller in respect of the loans described on Schedule A, in cases where the Seller has taken title to such real property on or prior to the Cut-Off Date but where additional collateral remains. References to the "Designated REO Assets" are to the REO Assets designated by the Purchaser in writing on or before the Closing, certain rights to which are being transferred under this Agreement, and references to the "Remaining REO Assets" are to the REO Assets other than the Designated REO Assets, certain rights to which are being transferred pursuant to the BlackRock Asset Purchase Agreement.
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REO Assets of a Person means any real property owned by such Person and acquired (i) as a result of the foreclosure or other enforcement of a lien on such asset securing a loan, Servicing Advance or other mortgage-related receivables or (ii) from some other Person, including a Securitization Entity. “Replacement Lender” has the meaning specified in Section 2.19. “Required Lenders” means Lenders holding Effective Date Term Loan Exposure plus Second Draw Term Loan Exposure plus New Term Loan Exposure representing more than 50% of the sum of (i) the aggregate Effective Date Term Loan Exposure of all Lenders, (ii) the aggregate Second Draw Term Loan Exposure of all Lenders and (iii) the aggregate New Term Loan Exposure of all Lenders; provided that the loans of an Affiliated Lender or a Debt Fund Affiliate shall be excluded for purposes of making a determination of Required Lenders to the extent set forth in Section 10.5(f) or (g), as applicable. “Residual Funding Facility” means any funding arrangement with a financial institution or institutions or other lenders or purchasers under which advances are made to Parent or any Subsidiary secured by Residual Interests. 30
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REO Assets means real estate owned assets of a Person.
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Related to REO Assets

  • Related Assets Any assets held by a Trust the return of which is linked to one or more Underlying Securities and which, if applicable, shall be described in the related Supplement or a schedule thereto.

  • Portfolio Asset means an asset of an investment fund;

  • Permitted Assets means any and all properties or assets that are used or useful in a Permitted Business (including Capital Stock in a Person that is a Restricted Subsidiary and Capital Stock in a Person whose primary business is a Permitted Business that shall become a Restricted Subsidiary immediately upon the acquisition of such Capital Stock by the Issuer or by a Restricted Subsidiary, but excluding any other securities).

  • Qualified Assets means any of the following assets: (i) interests, rights, options, warrants or convertible or exchangeable securities of the Partnership; (ii) Debt issued by the Partnership or any Subsidiary thereof in connection with the incurrence of Funding Debt; (iii) equity interests in Qualified REIT Subsidiaries and limited liability companies (or other entities disregarded from their sole owner for U.S. federal income tax purposes, including wholly owned grantor trusts) whose assets consist solely of Qualified Assets; (iv) up to a one percent (1%) equity interest in any partnership or limited liability company at least ninety-nine percent (99%) of the equity of which is owned, directly or indirectly, by the Partnership; (v) cash held for payment of administrative expenses or pending distribution to security holders of the General Partner or any wholly owned Subsidiary thereof or pending contribution to the Partnership; and (vi) other tangible and intangible assets that, taken as a whole, are de minimis in relation to the net assets of the Partnership and its Subsidiaries.

  • Purchased Assets has the meaning set forth in Section 2.1.

  • Specified Assets the following property and assets of such Grantor:

  • Transferred Assets has the meaning set forth in Section 2.1.

  • 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.

  • Securitization Assets means any accounts receivable or other revenue streams subject to a Qualified Securitization Financing.