§ 512(b)(16)(B)

property described in this subparagraph

UNDECIDED

0 of 2 settled

  1. 1

    § 512(b)(16)(B)

    ANY OF

    Property is described in this subparagraph if it is real property which—

    “it is real property” Opening words
    “was held by the financial institution at the time it entered into conservatorship or receivership, or” § 512(b)(16)(B)(i)
    “was foreclosure property (as defined in section 514(c)(9)(H)(v)) which secured indebtedness held by the financial institution at such time.” § 512(b)(16)(B)(ii) needs Step 2 foreclosure property UNDECIDED

    For purposes of this subparagraph, real property includes an interest in a mortgage.

  2. 2

    § 514(c)(9)(H)(v)

    foreclosure property

    ALL OF
    “any real property acquired by the financial institution”
    “as the result of having bid on such property at foreclosure, or by operation of an agreement or process of law”
    “after there was a default (or a default was imminent) on indebtedness which such property secured”