Common use of Special Responsibilities in Foreclosures Clause in Contracts

Special Responsibilities in Foreclosures. Among the other duties that may be assigned to the Lender through our special instructions or under the terms of our Guides is the responsibility to manage and appropriately dispose of property when a mortgage it is servicing for us has been foreclosed, or possession or title has been taken by us or on our behalf. The Lender must manage and dispose of the property according to the terms of the mortgage and our Guides.

Special Responsibilities in Foreclosures. Among the other duties that may be assigned to the Lender through our special instructions instruction or under the terms of our Guides is the responsibility to manage and appropriately dispose of property when a mortgage it is servicing for us has been foreclosed, or possession or title has been taken by us or on our behalf. The Lender must manage and dispose of the property according to the terms of the mortgage and our Guides. 6.