Current Property Value definition

Current Property Value means, in relation to a Property securing a Mortgage Credit, the updated Property Valuation of such Property;
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Current Property Value means, with respect to each Property, the valuation of such Property determined (i) for the calendar quarter beginning on January 1, 2024, as the BPO Value for such Property shown on Schedule I to the Loan Agreement and (ii) for each subsequent calendar quarter, such Property’s Previous Property Value as increased or decreased, by the percentage change in the CoreLogic HPI (or such other home price valuation index as Sponsor utilizes for its internal reporting) applicable to the “Closest MSA” for such Property as provided in Schedule I to the Loan Agreement.
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Current Property Value means the value of a Mortgaged Property as set forth in (i) with respect to a Mortgage Loan that was originated twelve (12) months or less prior to the related Purchase Date, a 1004 Appraisal and (ii) with respect to Mortgage Loans originated (12) months or more prior to the related Purchase Date, a BPO, or such other valuation approved by Buyer in writing in its sole and absolute discretion; provided that no Current Property Value shall be valid if (i) as of the related Purchase Date, it is dated earlier than three (3) months prior to such Purchase Date and (ii) as of any date of determination after the related Purchase Date, it is dated earlier than twelve (12) months prior to such date of determination. Any third party property valuation that either (i) a Seller or a Subservicer acquires or receives in the course of business or (ii) Buyer obtains in accordance with this Agreement shall be used in determining the Current Property Value.
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Examples of Current Property Value in a sentence

  • Notwithstanding either (i) Buyer’s receipt and/or review of any Seller Provided Diligence Package or Current Property Value with respect to any Mortgage Loan prior to the related Purchase Date or (ii) Buyer’s right to perform continuing due diligence reviews with respect to Sellers and the Purchased Assets pursuant to Section 34 hereof, the related Seller shall provide Post-Closing Diligence on each Purchased Asset within ninety (90) calendar days after the related Purchase Date.

  • With respect to each Mortgage Loan, Sellers shall have delivered to Buyer an Appraisal, BPO or other valuation evidencing a Current Property Value and valuation date, and such other information as may be required by Buyer pursuant to Section 3 for such Purchased Asset.

  • The Sellers shall promptly deliver to Buyer a true and complete copy of any Appraisal, BPO or other valuation evidencing the Current Property Value relating to a Mortgage Loan that Sellers or any Subservicer shall have acquired or received in the course of its business.

  • Buyer shall promptly deliver to Seller any Current Property Value that Buyer obtains pursuant to this Section 34.

  • Seller shall (i) on or prior to the Reporting Date, deliver a monthly report to Buyer setting forth (x) each Trust Mortgage Loan that has become a REO Property in the prior calendar month and the value attributed to each REO Property by Seller; and (y) an Asset Schedule with respect to each REO Property; and (ii) deliver to Buyer a true and complete copy of a Current Property Value of each REO Property no less frequently than once per 270 day period.

  • With respect to each Underlying Mortgage Loan, Seller shall have delivered to Buyer an Appraisal, BPO or, to 126103752\V-5 the extent approved by Buyer, in its sole and absolute discretion, another valuation product (including an AVM) evidencing a Current Property Value and valuation date, and such other information as may be required by Buyer pursuant to Section 3 for such Purchased Asset.

  • Seller shall promptly deliver to Buyer a true and complete copy of any Appraisal, BPO or, to the extent approved by Buyer, in its sole and absolute discretion, another valuation product (including an AVM) evidencing the Current Property Value relating to a Mortgage Loan that Seller or any Servicer shall have acquired or received in the course of its business.

  • The Seller shall promptly deliver to Buyer and the Paying Agent a true and complete copy of any Current Property Value relating to a Trust Mortgage Loan or REO Property that Seller, any Servicer or the Asset Manager shall have acquired or received in the course of its business.

  • With respect to each Trust Mortgage Loan and REO Property, Seller shall have delivered to Buyer a Current Property Value and valuation date, and such other information as may be required by Buyer pursuant to Section 3 for such Purchased Asset.


More Definitions of Current Property Value

Current Property Value means the value of a Mortgaged Property as set forth in (i) with respect to a Mortgage Loan that was originated twelve (12) months or less prior to the related Purchase Date, a 1004 Appraisal and (ii) with respect to Mortgage Loans originated (12) months or more prior to the related Purchase Date, a BPO, or, to the extent approved by Buyer in writing in its sole and absolute discretion, such other valuation (including an AVM); provided that no Current Property Value shall be valid if (i) as of the related Purchase Date, it is dated earlier than three (6) months prior to such Purchase Date and (ii) as of any date of determination after the related Purchase Date, it is dated earlier than twelve (12) months prior to such date of determination. Any third party property valuation that either (i) Seller or a Servicer acquires or receives in the course of business or (ii) Buyer obtains in accordance with this Agreement shall be used in determining the Current Property Value.
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Current Property Value means the fair market value of a property
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Current Property Value means, with respect to each Property, the valuation of such Property determined (i) for the calendar quarter ended March 31, 2018, as the BPO Value for such Property shown on Schedule I to the Loan Agreement and (ii) for each subsequent calendar quarter, such Property’s Previous Property Value as increased or decreased, by the percentage change in the CoreLogic HPI (or such other home price valuation index as the Sponsor utilizes for its internal reporting) applicable to the “Closest MSA” for such Property as provided in Schedule I to the Loan Agreement; provided that for any Substitute Property, the initial value for such Substitute Property shall be the BPO Value set forth in the Broker Price Opinion obtained by Lender for the Substitute Property in connection with the Substitution.
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Current Property Value means an appraisal or opinion of the fair market value of a Mortgaged Property, REO Property or other parcel of real property given by an Approved Valuation Agent, in conformity with customary and usual business practices, which includes comparable sales and comparable listings, or such other valuation approved by Buyer in writing in its sole and absolute discretion; provided that no Current Property Valuation shall be valid if (i) as of the related Purchase Date, it is dated earlier than ninety (90) days prior to such Purchase Date and (ii) as of any date of determination after the related Purchase Date, it is dated earlier than two hundred and seventy (270) days prior to such date of determination. Any third party property valuation that either (i) Seller, a Servicer or the Asset Manager acquires or receives in the course of business or (ii) Buyer obtains in accordance with this Agreement shall be used in determining the Current Property Value.
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Current Property Value means, with respect to each Property, the valuation of such Property determined (i) for the calendar quarter beginning on April 1, 2024, as the BPO Value for such Property shown on Schedule I to the Loan Agreement and (ii) for each subsequent calendar quarter, such Property’s Previous Property Value as increased or decreased, by the percentage change in the CoreLogic HPI (or such other home price valuation index as Sponsor utilizes for its internal reporting) applicable to the “Closest MSA” for such Property as provided in Schedule I to the Loan Agreement. “Previous Property Value” means, with respect to each Property, the Current Property Value for such Property for the previous calendar quarter (if applicable).
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Related to Current Property Value

  • Property Value means the fair market value of the real property, as remediated, less

  • Casualty Value means the market value of the Equipment at the end of the Term or when in relation to a Total Loss, the market value the Equipment would have had at the end of the Term but for the Total Loss. The Casualty Value may be less than but will not be more than the original purchase price of the Equipment.

  • Appraised Value The value set forth in an appraisal made in connection with the origination of the related Mortgage Loan as the value of the Mortgaged Property.

  • Land Value means, at any time:-

  • Good Value means that the Benchmarked Rates are within the Upper Quartile