Foreclosure reconveyance definition

Foreclosure reconveyance means a transaction involving:
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Foreclosure reconveyance means a transaction involving all of the following:
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Foreclosure reconveyance means a transaction involving both of the following:
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Examples of Foreclosure reconveyance in a sentence

  • Foreclosure reconveyance transactions occur partly because these deals almost never involve cash investment by the “purchaser” in the foreclosed property.

  • Foreclosure reconveyance transactions involve the transfer of title from the homeowner in foreclosure to a “purchaser” and an alleged second transfer, or reconveyance, of an ownership interest back to the homeowner.


More Definitions of Foreclosure reconveyance

Foreclosure reconveyance means a transaction involv- ing all of the following:
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Foreclosure reconveyance means a transaction that involves both of the following:
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Foreclosure reconveyance means a transaction
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Foreclosure reconveyance shall have the same meaning as proscribed by MD Code Real Property  7-301 (f), and shall mean a transaction involving:
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Foreclosure reconveyance means a transaction involving: (A) The transfer of title to real property by a homeowner during or incident to a proposed foreclosure proceeding, either by transfer of interest from the homeowner to another party or by creation of a mortgage, trust or other lien or encumbrance during the foreclosure process that allows the acquirer to obtain legal or equitable title to all or part of the property; and (B) the subsequent conveyance, or promise of a subsequent conveyance, of an interest back to the homeowner by the acquirer or a person acting in participation with the acquirer that allows the homeowner to possess the real property following the completion of the foreclosure proceeding, including an interest in a contract for deed, purchase agreement, land installment sale, contract for sale, option to purchase, lease, trust or other contractual arrangement.
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Foreclosure reconveyance means a transact ion involving: (1) the transfer of title to real property by a foreclosed homeowner during a foreclosure proceeding, either by a transfer of interest from the foreclosed homeowner or by the creation of a mortgage or other lien or encumbrance during the foreclosure process; and (2) the subsequent conveyance, or promise of a subsequent conveyance, of an interest back to the foreclosed homeowner by the acquirer or a person acting in participation with the acquir er that allows the foreclosed homeowner to possess either the residence in foreclosure or ot her real property, which interest includes an interest in a land contract, purchase ag reement, option to purchase, or lease.
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Related to Foreclosure reconveyance

  • Conveyance shall have the meaning specified in Subsection 2.01(a).

  • Foreclosure means the process by which a property, placed as security for a real estate loan, is sold at auction to satisfy the debt if the trustor (borrower) defaults.

  • Public conveyance means a conveyance that the public or a portion of the public has access to and a right to use for transportation, including an airline, railroad, bus, boat, or other public conveyance.

  • Financing Statements The meaning specified in Section 9-102(a)(39) of the UCC.

  • Financing Statement means a record or records composed of an initial financing statement and any filed record relating to the initial financing statement.

  • Deed means a quitclaim deed(s) substantially in the form set out in the attached Exhibit C.

  • Foreclosure Loss means the loss realized when the Assuming Institution has completed the foreclosure on a Single Family Shared-Loss Loan and realized final recovery on the collateral through liquidation and recovery of all insurance proceeds. Each Foreclosure Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2c(1)-(3).

  • conveyancer means the conveyancer described at paragraph 6 of the Schedule;

  • Conveyancers means conveyancers nominated by the Seller in terms of clause 1.15 of the Contract of Sale;

  • Real Property Interests means all interests in Owned Real Property and Leased Real Property, including fee estates, leaseholds and subleaseholds, purchase options, easements, licenses, rights to access, and rights of way, and all buildings and other improvements thereon and appurtenant thereto, owned or held by Sellers that are used in the business or operations of the Stations, together with any additions, substitutions and replacements thereof and thereto between the date of this Agreement and the Closing Date, but excluding the Excluded Real Property Interests.

  • Fraudulent Conveyance means a fraudulent conveyance under Section 548 of Chapter 11 of Title II of the Bankruptcy Code or a fraudulent conveyance or fraudulent transfer under the applicable provisions of any fraudulent conveyance or fraudulent transfer law or similar law of any state, nation or other governmental unit, as in effect from time to time.

  • UCC Financing Statements means the UCC financing statement executed in connection with each Pledge Agreement and the other Loan Documents and filed in the applicable filing offices.