Short-Sale Loss definition

Short-Sale Loss means the loss resulting from the Assuming Institution’s agreement with the mortgagor to accept a payoff in an amount less than the balance due on the loan (including the costs of any cash incentives to borrower to agree to such sale or to maintain the property pending such sale), further provided, that each Short-Sale Loss shall be calculated in accordance with the form and methodology specified in Exhibits 2b(1)-(3).

Short-Sale Loss means any loss (calculated in the form and in accordance with the methodology specified in Exhibit G) resulting from any Citigroup Ring-Fence Entity’s agreement with a mortgagor to accept a payoff in an amount less than the balance due on any Covered Loan that is a Residential Covered Asset.

Short-Sale Loss means the loss resulting from the Assuming Institution's acceptance from a mortgagor of a payoff in an amount less than the balance due on a Loan (including the costs of any cash incentives to the borrower to agree to such sale or to maintain the property Module 1 -- Whole Bank w/Optional Shared Loss Agreements Version 3.2 -- SINGLE FAMILY SHARED-LOSS AGREEMENT July 15, 2011 SF-29 Sun Security Bank Ellington, Missouri pending such sale), provided that each Short-Sale Loss shall be calculated in the form and determined in accordance with the methodologies set forth in Exhibits 2b(1)-(3).

Examples of Short-Sale Loss in a sentence

• The Receiver shall be relieved of its obligations with respect to a Shared-Loss Loan upon payment to the Assuming Institution of amounts in respect of a Foreclosure Loss or a Short-Sale Loss on that Shared-Loss Loan.

• The unpaid balance of the loan as of the last payment date is the starting point for this Short-Sale Loss calculation.

• The Receiver shall be relieved of its obligations with respect to a Shared-Loss Asset upon payment to the Assuming Institution of amounts in respect of a Collateral Sale Loss or a Short-Sale Loss on that Shared- Loss Asset.

• Please provide the BEDS number of the LEAD APPLICANT of the consortium the LEA intends to join.

• Were such data made available and the scholarly research community made aware of its availability, research would be initiated, even without EPA funding.

More Definitions of Short-Sale Loss

Short-Sale Loss means the loss resulting from the Assuming Institution’s acceptance from a mortgagor of a payoff in an amount less than the balance due on a Shared-Loss Loan (including the costs of any cash incentives to the obligor to agree to such sale or to maintain the property pending such sale), provided that each Short-Sale Loss shall be calculated in the manner, and determined in accordance with the methodologies, set forth in Exhibit 2b(1)-(3), and provided further that a Short-Sale Loss shall exist only if the result of the calculation pursuant to the relevant Exhibit is a positive number.