Mortgage servicer means the mortgagee or a person other than the mortgagee to whom a mortgagor or the mortgagor’s successor in interest is instructed by the mortgagee to send payments on a loan secured by the mortgage. A person transmitting a payoff statement for a mortgage is the mortgage ...
but a similar entity that has taken on all the related obligations. The successor in interest has taken the place of the original borrower, and now the language of the deed applies to the successor. This allows the title for the property to be moved to the successor in ...
that is a “qualified mortgage” within the meaning of Code Section 860G(a)(3) (but without regard to the rule of Treasury Regulations Section 1.860G-2(f)(2) that causes a defective Mortgage Loan to be treated as a “qualified mortgage”, or any substantially similar successor provision)...
1.a conveyance of an interest in property as security for the repayment of money borrowed. 2.the deed by which such a transaction is effected. 3.the rights conferred by it, or the state of the property conveyed. v.t. 4.to convey or place (property) under a mortgage. ...
6. Interest 6.1. The Borrower shall pay the Lender interest on the Loan at the rate stated or to be stated in the Electronic Record. 6.2. Interest on the Loan shall accrue and be paid at the times stated or to be stated in the Electronic Record. ...
(i) The servicer has confirmed the successor in interest's identity and ownership interest in the property; (ii) Unless the successor in interest assumes the mortgage loan obligation under State law, the successor in interest is not liable for the mortgage debt and cannot be required to use...
stamps and fees on each step of the securitization process, plus a way to obfuscate the real ownership and to essentially choose later who will be designated to be the “owner” of the mortgage rights — i.e., who will be said to own the mortgage note and thus be a successor to the...
REALTORS – Many realtors are shady as fk. They will do whatever it takes to assist in the closing on a home even if they know the roof will fall in a year, or so. Why? Once again looking after their interest instead. If they refer you to someone they know home inspector, and...
-8- Form 272 PE (03-2006) PEI Variable Rate (b) If the Mortgage is insured under CMHC's "95% Insurance" program or any related or successor program and the loan to value ratio is more than 90%, you may Skip-A-Payment only if, after having skipped the payment, the total of the...
Trustee means Montreal Trust or any successor trustee under the CT Trust Indenture. -3- Forward Looking Information This Proxy Circular, or materials incorporated by reference in this Proxy Circular, may contain forward looking statements, including statements regarding the business and anticipated ...