Final Recovery Determination. With respect to any defaulted Mortgage Loan or any REO Property (other than a Mortgage Loan or REO Property purchased by Servicer pursuant to this Agreement), a determination made by Servicer that all Insurance Proceeds, Liquidation Proceeds and other payments or recoveries which Servicer, in its reasonable good faith judgment, expects to be finally recoverable in respect thereof have been so recovered. Servicer shall maintain records, prepared by a servicing officer of Servicing, of each Final Recovery Determination.
Appears in 4 contracts
Sources: Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-He1), Assignment, Assumption and Recognition Agreement (HASCO Trust 2007-He2), Assignment, Assumption and Recognition Agreement (HSI Asset Securitization CORP Trust 2007-Nc1)