Equity purchaser definition

Equity purchaser means a person, other than a person who acquires a property for the purpose of using such property as his or her personal residence, who acquires title to a residence in foreclosure; except that the term does not include a person who acquires such title:
Equity purchaser. MEANS A PERSON WHO, IN THE COURSE OF THE PERSON'S BUSINESS, VOCATION, OR OCCUPATION, ACQUIRES TITLE TO A RESIDENCE IN FORECLOSURE; EXCEPT THAT THE TERM DOES NOT INCLUDE A PERSON WHO ACQUIRES SUCH TITLE:
Equity purchaser means a person who, in the course of the

Examples of Equity purchaser in a sentence

  • The bill: • Defines the following seven terms: Equity purchaser, Foreclosure-rescue consultant, Foreclosure- related rescue services, Foreclosure-rescue transaction, Homeowner, Residential real property, and Residential real property in foreclosure.

  • Increasing age (estimated risk among older patients—60%)2 is the most consistently demonstrated risk factor for TD.


More Definitions of Equity purchaser

Equity purchaser means a person, OTHER THAN A PERSON
Equity purchaser means any person who acquires title to any residence in foreclosure, except a person who acquires such title as follows:
Equity purchaser means any purchaser at a foreclosure, deed in lieu of foreclosure or similar transfer or conveyance with respect to the Equity Pledge Transfer.
Equity purchaser shall have the meaning set forth in the preamble of this Agreement.
Equity purchaser means a person who acquires a legal, equitable, or beneficial ownership interest in any residential real property as a result of a foreclosure -rescue transaction. The term does not apply to a person who acquires the legal, equitable, or beneficial interest in such property:
Equity purchaser has the meaning given to it in Section 8.01.
Equity purchaser means Mr. Li Bin (李斌).