REO Management Fee definition

REO Management Fee. As to the Property when it is a Foreclosed Property, a fee payable out of the Foreclosed Property Account to the Successor Manager for managing the property while it is owned by the Trust, which shall be reasonable and customary in the market in which the Property is located.
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REO Management Fee. With respect to each REO Property, an amount equal to $1,500.
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REO Management Fee. With respect to each REO Property being managed by the Servicer, that fee set forth in the applicable Notice Letter.
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Examples of REO Management Fee in a sentence

  • In connection with such management and subject to Section 3.4(c)(vii), the Successor Manager shall be entitled to the REO Management Fee solely from the Foreclosed Property Account or the Collection Account pursuant to Section 3.4(c)(vii).


More Definitions of REO Management Fee

REO Management Fee. With respect to each REO Property being managed by the Servicer, that fee set forth in Exhibit 14.
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Related to REO Management Fee

  • Special Servicing Fee shall have the meaning given to such term in the Servicing Agreement.

  • Administration Fee means the fee payable to the Administrator pursuant to Section 3 of the Administration Agreement.

  • Special Servicing Fees shall have the meaning assigned to such term in the Servicing Agreement or such other analogous term used in the Servicing Agreement.