WILLINGNESS AND ABILITY. Typically the mortgagor(s) reason for default is temporary and a foreseeable solution is probable. The standard options negotiated, ranked in priority are:
Appears in 15 contracts
Samples: Pooling and Servicing Agreement (Option One Mortgage Loan Trust 2004-1), Pooling and Servicing Agreement (Option One Mort Accept Corp Asset Backed Certs Ser 2003 1), Pooling and Servicing Agreement (Option One Mortgage Accept Corp Asset Backed Cer Ser 2002-4)
WILLINGNESS AND ABILITY. Typically the mortgagor(s) reason for default is temporary and a foreseeable solution is probable. The standard options negotiated, ranked in priority are:: A. Full Reinstatement B. Payoff
Appears in 1 contract
Samples: Pooling and Servicing Agreement (Asset Backed Certificates Series 2001-2)
