Abandoned Real Property definition
Abandoned Real Property means any real property, including but not limited to one or more vacant buildings or structures, without respect to occupancy or vacancy, but excluding unimproved real property, that is subject to a mortgage and is either (i) in default on such mortgage for which a mortgagee has obtained a judgment in foreclosure; (ii) in default on such mortgage and subject to an application or proceedings for a tax deed or pending tax claim bureau or tax assessor sale for unpaid property taxes;
Abandoned Real Property means real property that is vacant and/or is under a notice of default, notice of mortgagee’s sale, pending tax assessor’s lien sale and/or properties that have been the subject of a foreclosure sale where title or a lien is retained by the mortgagee and any properties transferred under the deed in lieu of foreclosure sale, a short sale or any other legal means.
Abandoned Real Property means any real property that is vacant and that has had a lis pendens filed against it by the Lender holding a mortgage on the property, and/or is subject to an ongoing foreclosure action by the Lender, and/or is under a notice of mortgagee's sale, tax collector's lien sale and/or properties that have been the subject of a foreclosure sale where title is retained by the beneficiary of a mortgage involved in the foreclosure, and any properties transferred under a deed in lieu of foreclosure sale, a short sale or any other legal means.
More Definitions of Abandoned Real Property
Abandoned Real Property means a property that has been left unattended for an unreasonable period of time, that is not legally occupied, and/or where it is evident that the owner of such property does not intend to return and/or has abandoned his/her rights to the property