Foreclosure Advance Recovery. If foreclosure proceedings are terminated, the Servicer must collect all legal fees and costs from the Borrower. Otherwise, the Servicer's advances for reasonable foreclosure expenses shall be recoverable from Insurance Proceeds, Liquidation Proceeds or, if the Representing Party is obligated to purchase a Mortgage Loan from the Trustee, from the price paid for such Mortgage Loan.
Appears in 76 contracts
Samples: Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-Ar1 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2007-5 Trust), Servicing Agreement (Wells Fargo Mortgage Backed Securities 2006-11 Trust)
Foreclosure Advance Recovery. If foreclosure proceedings are terminated, the Servicer must collect all legal fees and costs from the Borrower. Otherwise, the Servicer's ’s advances for reasonable foreclosure expenses shall be recoverable from Insurance Proceeds, Liquidation Proceeds or, if the Representing Party is obligated to purchase a Mortgage Loan from the Trustee, from the price paid for such Mortgage Loan.
Appears in 1 contract
Samples: Servicing Agreement (Wells Fargo Asset Securities Corp)
