REO Property File definition

REO Property File means (i) the original REO Deed with evidence of recording of any deed evidencing the ownership of the related REO Property by the REO Subsidiary and (ii) the original or a copy of title insurance policy for the REO Property, an ALTA lender’s title insurance policy or a title commitment.
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REO Property File means the original or a certified copy of (i) the unrecorded REO Deed showing that such REO Deed is being recorded to evidence the ownership of the related REO Property by the REO Subsidiary and (ii) the recorded REO Deed evidencing the ownership of the related REO Property by the REO Subsidiary.
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REO Property File shall have the meaning assigned thereto in the Custodial Agreement.
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Examples of REO Property File in a sentence

  • There has been no violation of any law or regulation or breach of any contractual obligation contained in any agreement included in the REO Property File, by Seller or the related Servicer in connection with the management of the REO Property in each case which is material and adverse to the Buyer.

  • It is understood and agreed that the representations and warranties set forth in Exhibit B-1 or B-2 to this Agreement, as applicable, with respect to the Mortgage Loans and REO Property, as applicable, shall survive delivery of the respective Mortgage Loan Files to the Purchaser or Custodian with respect to the Mortgage Loans or of the respective REO Property File with respect to the REO Property and shall inure to the benefit of Purchaser.

  • The applicable REO Property File contains an Appraisal or a BPO of the related REO Property, and the Appraisal or BPO, as applicable, and appraiser or real estate agent or broker, as applicable, both satisfy the requirements of FIRREA.


More Definitions of REO Property File

REO Property File means copies of the following documents with respect to any Contributed REO Property:
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REO Property File shall have the meaning assigned thereto in the Custody Agreement.
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REO Property File means, with respect to an REO Property, the documents and instruments relating to such REO Property and set forth in an exhibit to the Custodial Agreement.
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Related to REO Property File

  • 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.

  • Retained Mortgage File With respect to each Mortgage Loan, the file consisting of the Mortgage Loan Documents listed as items 6 through 12 of Exhibit C attached hereto. Securities Act: The Securities Act of 1933, as amended.

  • Mortgage File The mortgage documents listed in Section 2.01 pertaining to a particular Mortgage Loan and any additional documents required to be added to the Mortgage File pursuant to this Agreement.

  • Servicing File With respect to each Mortgage Loan, the file retained by the Company consisting of originals of all documents in the Mortgage File which are not delivered to the Custodian and copies of the Mortgage Loan Documents listed in the Custodial Agreement the originals of which are delivered to the Custodian pursuant to Section 2.03.

  • Mortgage Loan File As defined in Section 2.1(b) and any additional documents required to be added to the Mortgage Loan File pursuant to this Agreement.

  • Monthly Servicing Report shall have the meaning attributed to such term in the Servicing Agreement.

  • Mortgage Loan Package Each pool of Mortgage Loans, which shall be purchased by the Purchaser from the Seller from time to time on each Closing Date.

  • Balloon Mortgage Loan A Mortgage Loan that provides for the payment of the unamortized principal balance of such Mortgage Loan in a single payment at the maturity of such Mortgage Loan that is substantially greater than the preceding monthly payment.