REO Properties definition

REO Properties means all Subject REO Referrals that [***].

REO Properties means real properties owned by Residential but not active in Residential’s rental program.

REO Properties means real estate assets, including, but not limited to apartments, houses, town homes, hotels, commercial buildings, parking lots, storage houses and land, or holding companies owning such assets, and which assets (i) stems from realized mortgages or security for a receivable owned by, or (ii) are acquired as an integral part of an acquisition of debt by any Group Company or a Joint Venture where any member of the Group has an equity interest of 50% or less.

Examples of REO Properties in a sentence

• If the Total Seller Payable Commission decreases in accordance with this Section 9, the Subject REO Referrals shall become [***] REO Properties, in connection with which the Parties agree to adjust their respective portions of the Total Seller Payable Commissions in accordance with Section 5(a)(iii) of this Agreement.

• Hester, Jr. closed the Water District Board.Committee Reports and Recommendations Properties Committee - REO Properties.

• Only people watching the news were able to respond, and their opinions were likely to be different from those of other voters.

• The Parties may agree in writing on alternative commission terms for [***] REO Properties on a case-by-case basis.

• At this time, Vice-Chairman Taylor closed the Water District Board.Committee Reports and Recommendations Properties Committee - REO Properties.

More Definitions of REO Properties

REO Properties means any Mortgaged Property with respect to which the Trustee has taken ownership as a result of Foreclosure or acceptance of a deed in lieu of Foreclosure pursuant to the related Subject Servicing Agreement.

REO Properties means all Subject REO Referrals that [***]. (t) “Existing REO Properties” means all Subject REO Referrals that were listed by or through RHSS prior to the Acquisition Date for the related Covered Portfolio. (u) “First Licensed Jurisdiction” has the meaning set forth in Section 6(d) hereto. (v) “[***] Jurisdiction License Failure” has the meaning set forth in Section 19(g)(i) hereto. (w) “Governmental Authority” shall mean any national or federal, state, regional, or local government or other political subdivision, including without limitation all agencies thereof, and any person with jurisdiction exercising executive, legislative, judicial, regulatory, or administrative functions of or pertaining to government. (x) “Guarantor” shall mean the guarantor under the Guaranty or any permitted successors or assigns to its obligations thereunder. (y) “Guaranty” shall mean the guaranty of Altisource Solutions S.à. x.

REO Properties shall have the meaning set forth in the Recitals.

REO Properties in Section 9.01 and Section 9.02 shall mean, in the context of any [Separately Serviced Mortgage Loan] REO Property, solely the Trust's interest in the [Separately Serviced Mortgage Loan] REO Property.

REO Properties in Sections 9.01 and 9.02 shall be deemed to include the Trust's rights with respect to any One Lincoln Street REO Property and/or any World Apparel Center REO Property, and such rights shall be taken into account in calculating the purchase price payable under Section 9.01 for the purchase of assets out of the Trust Fund.

REO Properties means each property and all properties as to which the Company had a deed of trust and as to which the Company has assumed ownership either through foreclosure, deed in lieu of foreclosure or other means.

REO Properties means properties owned by the Seller which were formal collateral to the Mortgage Loans that were foreclosed and which did not sell at auction or which were received as part of a deed in lieu of foreclosure.