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SEC Filings

10-K
DITECH HOLDING CORP filed this Form 10-K on 04/16/2019
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(ii)    Direct Transfer REO Property.
(A)
Seller may (i) immediately following (or concurrently with) the initial transfer by Seller of the REO Asset to Agent for the benefit of Purchasers on the Effective Date, transfer on the Effective Date certain Eligible REO Properties unrelated to Mortgage Loans that are Purchased Assets to the REO Subsidiary (the “Initial Direct Transfer REO Property”) and (ii) from time to time thereafter, transfer certain other Eligible REO Properties unrelated to Mortgage Loans that are Purchased Assets to the REO Subsidiary (the “Other Direct Transfer REO Property,” and collectively with the Initial Direct Transfer REO Property, the “Direct Transfer REO Property”); and
(B)
In the case of the transfer of any Direct Transfer REO Property, Seller (i) shall promptly record the increase in the value of (and shall be deemed to have automatically transferred to Agent for the benefit of Purchasers any such increase in the value of) the REO Asset corresponding to the sale of such Direct Transfer REO Property, together with written notice of the Transaction in the form of the REO Subsidiary Schedule of Assets to Agent, each Purchaser and Custodian; (ii) shall have delivered (w) to the Custodian, electronic copies of the applicable REO Deeds for such Direct Transfer REO Properties, (x) subject to any applicable redemption period, to Agent, evidence, as described in clause (iv) hereof, that Seller has caused the REO Deed to be sent for recording in the applicable office of the applicable jurisdiction, (y) to the Custodian, the related REO Property File as such REO Property File comes into existence and (z) to the Agent, in the case of any Non-Insured REO Property, a copy of the most recent appraisal or BPO valuation used to market such Non-Insured REO Property.
(iii)    At any time subsequent to the initial Transaction that a Mortgage Loan that is a Purchased Asset is foreclosed upon, (A) the record title in such Mortgage Loan shall promptly be vested in and retained by the Nominee, and Seller shall transfer to the Custodian an electronic copy of the related REO Deed (such date, the “Foreclosure Date”) and (B) Seller shall (x) subject to any applicable redemption period, promptly deliver to Agent evidence, as described in clause (iv) hereof, that Seller has caused the REO Deed to be sent for recording in the applicable office of the applicable jurisdiction and (y) promptly transfer to the Custodian the related REO Property File as the documents contained in therein come into existence; but, with respect items related to insurance, no more than twenty (20) days,

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