REO Disposition Fee definition

REO Disposition Fee. The REO Disposition Fee shall be the greater of one percent (1%) of the gross sales price of the REO Property or $1,500.00 up to a maximum fee of $10,000 per REO Property.

REO Disposition Fee. The lesser of one percent (1%) of the REO Disposition Proceeds and (ii) $750.00, which fee is payable from the REO Disposition Proceeds from the related REO Property.

REO Disposition Fee. With respect to each REO Disposition, the greater of (i) $1,200 or (ii) one percent (1%) of the final sales price of such REO Disposition; provided that the real estate broker commission with respect to the liquidation of the REO property is equal to or less than 5% except in such cases where the property value is less than $100,000 or the property is located in a rural area and market conditions require the related Servicer to pay a real estate broker commission greater than 5% or prior written consent has been obtained from DLJMC or their authorized representative.

Examples of REO Disposition Fee in a sentence

• As soon as practical thereafter the expenses of such sale shall be paid and the Special Servicer shall reimburse itself for any related unreimbursed Servicing Advances, unpaid Servicing Fees, unreimbursed Monthly Advances made pursuant to this Section or Section 4.03 or the REO Disposition Fee.

• The Company shall be entitled to deduct the REO Disposition Fee directly from the REO Disposition proceeds prior to distribution of the REO Distribution Proceeds to the REO Owner.

• In the event the Company chooses to manage the related REO Property, the Company shall be entitled to receive a management fee in an amount equal to the greater of $1,200 or 1% of the sales price of the related REO Property (the "REO Disposition Fee").

• As soon as practical thereafter the expenses of such sale shall be paid and the Servicer shall collect the related REO Disposition Fee, reimburse itself for any related unreimbursed Servicing Advances and unpaid Servicing Fees.

• The Servicer shall be entitled to deduct the REO Disposition Fee directly from the REO Disposition proceeds prior to distribution of the REO Distribution Proceeds to the Master Servicer.

More Definitions of REO Disposition Fee

REO Disposition Fee. With respect to each REO Disposition, the greater of (i) $1,200 or (ii) one percent (1%) of the final sales price of such REO Disposition; provided, that the real estate broker commission with respect to the liquidation of the REO property is equal to or less than 5% except in such cases where the property value is less than $100,000 or the property is located in a rural area and market conditions require the Servicer to pay a real estate broker commission greater than 5% or prior written consent has been obtained from CSFB or their authorized representative. 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.

REO Disposition Fee. With respect to each REO Disposition, the greater of (i)$1000 or (ii) one (1%) percent of the final sales price of such REO Disposition.

REO Disposition Fee. A fee payable to the Servicer as servicing compensation in addition to the Servicing Fee upon the liquidation of any REO Property, in an amount equal to the lesser of (a) the greater of (i) 1.00% of the price for which the REO Property was sold and (ii) $1,500.00, and (b) the Net Liquidation Proceeds of the REO Property (without reduction for the REO Disposition Fee).

REO Disposition Fee. A servicing fee of $ payable to the Subservicer at either liquidation of REO Property or at termination of servicing on an REO Property for reasons other than default by the Subservicer.

REO Disposition Fee. An amount equal to 0.25% of (a) the Liquidation Proceeds of any Foreclosed Property or (b) the proceeds of any sale of the Mortgage Loan after a Mortgage Event of Default and acceleration of the Mortgage Notes.

REO Disposition Fee means the right to collect a fee for the maintenance and disposition of REO Property pursuant to a Servicing Agreement.

REO Disposition Fee. With respect to any REO Property which is sold or transferred or otherwise liquidated, an amount equal to 1% of the amount equal to (a) the Liquidation Proceeds of such REO Property minus (b) any broker's commission and related brokerage referral fees.