Distressed property purchaser definition

Distressed property purchaser means a person who acquires an
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Distressed property purchaser means any person who
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Distressed property purchaser means any person who acquires any interest in a distressed property directly or indirectly through a distressed property conveyance or distressed property conveyance contract.
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Examples of Distressed property purchaser in a sentence

  • Any recommendation for settlement that is not either approved or disapproved by the board, itself, within 45 days of the submission of that recommen­ dation shall be deemed approved.


More Definitions of Distressed property purchaser

Distressed property purchaser means any person who acquires any interest in fee in a distressed property or a beneficial interest in a trust holding title to a distressed property while allowing the owner to possess, occupy, or retain any present or future interest in fee in the property, or any person who participates in a joint venture or joint enterprise involving a distressed property conveyance. "Distressed property purchaser" does not mean any person who acquires distressed property at a short sale or any person acting in participation with any person who acquires distressed property at a short sale, if that person does not promise to convey an interest in fee back to the owner or does not give the owner an option to purchase the property at a later date. "Distressed property conveyance" means a transaction in which an owner of a distressed property transfers an interest in fee in the distressed property or in which the holder of all or some part of the beneficial interest in a trust holding title to a distressed property transfers that interest; the acquirer of the property allows the owner of the distressed property to occupy the property; and the acquirer of the property or a person acting in participation with the acquirer of the property conveys or promises to convey an interest in fee back to the owner or gives the owner an option to purchase the property at a later date. "Person" means any individual, partnership, corporation, limited liability company, association, or other group or entity, however organized. "Service" means, without limitation, any of the following: (1) debt, budget, or financial counseling of any type; (2) receiving money for the purpose of distributing
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Distressed property purchaser means any person who acquires any interest in fee in a distressed property or a beneficial interest in a trust holding title to a distressed property while allowing the owner to possess, occupy, or retain
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Distressed property purchaser means any person who acquires
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Distressed property purchaser means any person who acquires any interest in Eee in a distressed property while allowing the owner to possess, occupy, or retain any present or Euture interest in Eee in the property, or any person who participates in a joint venture or joint enterprise involving a distressed property conveyance. "Distressed property purchaser" does not mean any person who acquires distressed property at a short sale or any person acting in participation with any person who acquires distressed property at a short sale, iE that person does not promise to convey an interest in Eee back to the owner or does not give the owner an option to purchase the property at a later date.
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Distressed property purchaser means a person who acquires an interest in a distressed property through a distressed property conditional conveyance or a distressed property conveyance, or a person who participates in a joint venture or joint enterprise involving a distressed property conditional conveyance or a distressed property conveyance. The term “distressed property purchaser” does not mean a Federally insured financial institution or a person who acquires distressed property through a deed in lieu of foreclosure or a person acting in participation with any person who acquires distressed property through a deed in lieu of foreclosure, provided that person does not promise to convey an interest in fee back to the distressed property owner or does not give the owner an option to purchase the property at a later date.
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Related to Distressed property purchaser

  • Foreclosed Property The Property or other Collateral securing the Mortgage Loan, title to which has been acquired by the Special Servicer on behalf of the Trust and the Companion Loan Holders through foreclosure, deed in lieu of foreclosure or otherwise in the name of the Trustee or its nominee.

  • Distressed Person has the meaning set forth in the definition of “Lender-Related Distress Event.”

  • Mortgage Loan Seller Each of CREFI, GACC and JPMCB, and their respective successors in interest.

  • Mortgage Loan Seller Sub-Servicer A Sub-Servicer required to be retained by the Master Servicer by a Mortgage Loan Seller, as listed on Exhibit S to this Agreement, or any successor thereto.

  • Qualified Property has the meaning set forth in Section 313.021(2) of the TEXAS TAX CODE and as interpreted by the Comptroller’s Rules and the Texas Attorney General, as these provisions existed on the Application Review Start Date.

  • Substitute Purchaser is defined in Section 21.

  • Purchaser means the organization purchasing the goods.