WebSuccessor in interest Successor in interest means a person to whom an ownership interest in a property securing a mortgage loan subject to this subpart is transferred from a borrower, provided that the transfer is: (1) A transfer by devise, descent, or operation of law on the death of a joint tenant or tenant by the entirety; (2) A transfer to a relative resulting … WebThe meaning of PREDECESSOR IN INTEREST is a person who previously held the rights or interests currently held by another : a party with whom another is in privity; specifically …
Successor in interest Definition & Meaning - Merriam …
WebJun 3, 2016 · Black’s Law Dictionary. The sustained popularity of this Legal dictionary since its appearance (like Bouvier’s Law Dictionary in the XIX Century) it was attributed to the scholarship and Learning of Henry Campbell Black, and to the plan adopted by him for the compilation of a legal lexicon. Now the editor is Bryan Garner, a lexicographer. … Websuccessor in interest. : a successor to another's interest in property. ;esp. : a successor in ownership of a business that is carried on and controlled substantially as it was before the transfer. Source: Merriam-Webster's Dictionary of … cloud burst textured womens waterproof jacket
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WebSuccessor in interest means a person to whom an ownership interest in a property securing a mortgage loan subject to this subpart is transferred from a borrower, provided that the … Web1. Treatment of confirmed successors in interest. Under § 1024.30 (d), a confirmed successor in interest must be considered a borrower for purposes of this subpart and § 1024.17, regardless of whether the successor in interest assumes the mortgage loan obligation under State law. For example, if a servicer receives a loss mitigation ... Webpredecessor in interest. : a party with whom another is in privity. ;specif. : a party in a previously related civil case who was in a similar position and dealt with similar issues … bythronic word list