REO VALUATION definition

REO VALUATION means a valuation of the fair market value of the REO Property, as determined by (i) an appraisal of such REO Property conducted by an appraiser, which appraisal and appraiser meet the criteria specified by FNMA, FHLMC and HUD in connection with the origination of Mortgage Loans and which appraisal was conducted and had an effective date within the ninety (90) days preceding the date of the Real Estate Closing covering such REO Property, or (ii) an inspection report if no appraisal conducted within such preceding ninety (90) days described in clause (i) exists, which inspection report (A) was prepared by an appraiser described in clause (i) above after an inspection of such REO Property, (B) is an update of a previous appraisal described in clause (i) above, and (C) has an effective date relating to an inspection conducted within such preceding ninety (90) days.
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REO VALUATION means, with respect to any REO Property and as of any date of determination, the following amount: (i) the contract purchase price for such REO Property, if a sale of such REO Property is pending as of such date, or (ii) if the sale of such REO Property is not pending as of such date, the BPO Value of such REO Property.
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Related to REO VALUATION

  • Excess valuation assets for a valuation period means:

  • Company Valuation means $435,000,000.

  • Assessed Valuation means the amount for which the Real Property is assessed pursuant to applicable provisions of the New York City Charter and of the Administrative Code of the City of New York for the purpose of imposition of Taxes.

  • Independent Valuation has the meaning set forth in Section 1.68(d).

  • Approved Valuation Firm means each of Duff & ▇▇▇▇▇▇ Corp., FTI Consulting, Inc., ▇▇▇▇▇▇▇▇ ▇▇▇▇▇, Lincoln International LLC, ▇▇▇▇▇▇ ▇▇▇▇▇▇, Valuation Research Corp., and any other nationally recognized accounting firm or valuation firm approved by the Administrative Agent and the Borrower, each in its reasonable discretion.