OREO Properties definition

OREO Properties means any interest in any real or personal property owned by the Bank or any other Corporation acquired through foreclosure or otherwise in connection with collecting a loan or lease.
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OREO Properties has the meaning set forth in Section 3.1(p).
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OREO Properties means that real property owned by Seller and acquired through foreclosure of a Mortgaged Property as set forth on §1.3 of the Disclosure Schedule.
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Examples of OREO Properties in a sentence

  • The Company and its Subsidiaries make no representation or warranty with respect to the status of title or Liens affecting OREO Properties.

  • The Seller has delivered to the Buyer true, correct and complete copies of the instruments conveying title to the OREO Properties to Seller.

  • On or prior to the Closing Date, the Seller shall deliver to the Buyer the Transfer Documents, including instruments of conveyance sufficient to transfer title to the OREO Properties, and, as applicable, have such Transfer Documents recorded of record and shall also take such other steps as may be reasonably necessary or as are reasonably requested by the Buyer to put the Buyer in legal and actual ownership, possession and control of the Acquired Assets.

  • As of the date hereof, Seller has not received deeds for certain properties which it recently acquired through foreclosure or sheriff sale, which properties are listed on Schedule L to the Disclosure Letter (the "Pending OREO Properties").

  • The remaining 0.3% of TDRs that were nonperforming at quarter end are reported above as nonperforming loans.The following table presents a breakdown of our OREO by county and property type at March 31, 2016: County Total Number of Percent of Pierce Kitsap Mason OREO Properties Total OREO (1) Of the seven properties classified as commercial real estate, three are office/retail buildings, one is developed lots, and three are undeveloped lots.

  • The following table presents a breakdown of our OREO by county and property type at September 30, 2012: County Number of Percent of King Pierce Kitsap All Other Total OREO Properties Total OREO _________OREO decreased $3.0 million, or 13.5%, to $19.2 million at September 30, 2012, from $22.2 million at June 30, 2012, as sales and write-downs of OREO exceeded transfers of loans into OREO during the quarter.

  • Seller shall prepare, execute and deliver deeds to the Pending OREO Properties to Buyer as soon as practicable following Xxxxxx's receipt of same.

Related to OREO Properties

  • REO Property A Mortgaged Property acquired by the Trust Fund through foreclosure or deed-in-lieu of foreclosure in connection with a defaulted Mortgage Loan.

  • Mortgaged Properties the real properties listed on Schedule 1.1B, as to which the Administrative Agent for the benefit of the Lenders shall be granted a Lien pursuant to the Mortgages.

  • Real Properties means, at any time, a collective reference to each of the facilities and real properties owned, leased or operated by the Consolidated Parties at such time.

  • Real Property Assets means, as of any time, the real property assets (including interests in participating mortgages in which the Borrower’s interest therein is characterized as equity according to GAAP) owned directly or indirectly by the Borrower, EQR and the Consolidated Subsidiaries of either or both at such time.

  • Borrowing Base Properties means the Oil and Gas Properties of the Credit Parties included in the Initial Reserve Report and thereafter in the most recently delivered Reserve Report delivered pursuant to Section 9.14.

  • Real Estate Assets means any investment by the Company or the Operating Partnership in unimproved and improved Real Property (including fee or leasehold interests, options and leases), directly, through one or more subsidiaries or through a Joint Venture.

  • Common Properties means and refer to those areas of land shown on any recorded subdivision plat of The Properties and intended to be devoted to the common use and enjoyment of the owners of The Properties.

  • The Properties means and refer to all such existing properties, and additions thereto, as are subject to this Declaration or any Supplemental Declaration under the provisions of Article II, hereof.

  • Real Estate Leases has the meaning set forth in Section 2.1(d)(ii).

  • Historic property means any prehistoric or historic site, district, building, object, or other real or personal property of historical, architectural, or archaeological value, and folklife resources. These properties or resources may include, but are not limited to, monuments, memorials, Indian habitations, ceremonial sites, abandoned settlements, sunken or abandoned ships, engineering works, treasure trove, artifacts, or other objects with intrinsic historical or archaeological value, or any part thereof, relating to the history, government, and culture of Florida.

  • Portfolio Assets means all Loan Assets owned by the Borrower, together with all proceeds thereof and other assets or property related thereto, including all right, title and interest of the Borrower in and to:

  • Operating Property means any property owned, leased, or operated by the Party in question or by any of its Subsidiaries or in which such Party or Subsidiary holds a security interest or other interest (including an interest in a fiduciary capacity), and, where required by the context, includes the owner or operator of such property, but only with respect to such property.

  • Mortgaged Property shall have the meaning assigned to such term in the recitals.

  • Custodial property means an interest in property transferred to a custodian under this act and the income from, and proceeds of, that interest in property.

  • Securitization Property means the property described in section 10j.

  • Real Property means, collectively, all right, title and interest (including any leasehold, mineral or other estate) in and to any and all parcels of or interests in real property owned or leased by any Person, whether by lease, license or other means, together with, in each case, all easements, hereditaments and appurtenances relating thereto, all improvements and appurtenant fixtures and equipment, all general intangibles and contract rights and other property and rights incidental to the ownership, lease or operation thereof.

  • Real Estate-Related Assets means any investments by the Company or the Operating Partnership in Mortgages and Real Estate-Related Securities.