Reports of Foreclosures and Abandonments. For so long as the Servicer is acting as servicer of any Mortgage Loan relating to any REO Property, following the foreclosure sale or abandonment of any Mortgaged Property, the Servicer shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Code.
Appears in 4 contracts
Samples: Servicing Agreement (Chevy Chase Preferred Capital Corp), Servicing Agreement (California Federal Preferred Capital Corpation), Servicing Agreement (First Nationwide Preferred Capital Corp)
Reports of Foreclosures and Abandonments. For so long as the Servicer is acting as servicer of any Mortgage Loan relating to any REO Property, following the foreclosure sale or abandonment of any Mortgaged Property, the Servicer shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Internal Revenue Code of 1986, as amended ("Code").
Appears in 3 contracts
Samples: Servicing Agreement (Franklin Finance Corp), Servicing Agreement (Flagstar Capital Corp), Servicing Agreement (D&n Capital Corp)
