Common use of Reports of Foreclosures and Abandonments of Mortgaged Property Clause in Contracts

Reports of Foreclosures and Abandonments of Mortgaged Property. For so long as the Seller is acting as servicer of any Mortgage Loan relating to any REO Property, following the foreclosure sale or abandonment of any Mortgaged Property, the Seller shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Code or any successor provision thereof.

Appears in 4 contracts

Sources: Pooling and Servicing Agreement (BCAP LLC Trust 2008-Ind1), Trust Agreement (BCAP LLC Trust 2007-Aa1), Master Servicing and Trust Agreement (BCAP LLC Trust 2006-Aa2)

Reports of Foreclosures and Abandonments of Mortgaged Property. For so long as the Seller Servicer is acting as servicer of any Mortgage Loan relating to any REO Property, following the foreclosure sale or abandonment of any Mortgaged Property, the Seller Servicer shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Code or any successor provision thereofCode.

Appears in 1 contract

Sources: Servicing Agreement (Structured Asset Sec Corp Mort Pass THR Cert Ser 2002-26)