Common use of Reports of Foreclosures and Abandonments Clause in Contracts

Reports of Foreclosures and Abandonments. of Mortgaged 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.

Appears in 2 contracts

Sources: Servicing Agreement (Structured Asset Securities Corp Mortgage Pass-Through Certificates 2004-11xs), Servicing Agreement (LXS 2007-3)

Reports of Foreclosures and Abandonments. of Mortgaged Property. --------------------- Following the foreclosure sale or abandonment of any Mortgaged Property, the Seller Company shall report such foreclosure or abandonment as required pursuant to Section 6050J of the Code.

Appears in 1 contract

Sources: Seller's Warranties and Servicing Agreement (Structured Asset Securities Corporation)