How is Liquidated Loan defined in a legal contract?
- Liquidated Loan means a mortgage loan related to a mortgaged property that has been acquired, foreclosed, or liquidated, for which the servicer has determined that all expected liquidation proceeds have been recovered.
Seen in 261 SEC filings. - Liquidated Loan means any defaulted mortgage loan that has been liquidated through the deed-in-lieu of foreclosure, foreclosure sale, or other forms of realization dictated by relevant laws relating to the real property underlying the loan. The Master Servicer has made a final recovery determination regarding the loan.
Seen in 193 SEC filings. - Liquidated Loan means a defaulted mortgage loan that has been realized upon or liquidated through methods such as a deed-in-lieu of foreclosure or foreclosure sale. It relates to real property under the mortgage and any security agreements where the Servicer has confirmed the receipt of all the anticipated amounts related to the loan liquidation.
Seen in 158 SEC filings. - Liquidated Loan means any defaulted mortgage loan, including any REO property, which was liquidated in the previous calendar month. The appropriate Servicer or Master Servicer confirms receiving all amounts they expect from the loan liquidation.
Seen in 140 SEC filings. - Liquidated Loan means a loan for which the Servicer has determined that they have recovered all the amount they expect to recover from or on account of such loan. This could be from insurance proceeds, liquidation proceeds, or other similar sources.
Seen in 113 SEC filings. - Liquidated Loan means any home equity loan for which a final recovery determination has been made.
Seen in 66 SEC filings.
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for ‘Definitions of liquidated loan’ yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- Liquidated Loan means a defaulted mortgage regarding a property, liquidated and confirmed by the [Servicer], with all expected recovery amounts received.
Relevant Contract Types
Relevant Circumstances
- Foreclosure of a property,
- Default on a mortgage loan,
- Liquidation of a real estate property,
- Servicers confirming all expected recovery amounts are received.
Relevant Sectors
Genie Definition 2
- Liquidated Loan means a [Home Equity Loan] for which a final recovery determination has been made.
Relevant Contract Types
Relevant Circumstances
- Default on a home equity loan
- Final recovery determination is made for a loan
Relevant Sectors
Liquidated Loan means a defaulted mortgage regarding a property, liquidated and confirmed by the [Servicer], with all expected recovery amounts received.
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