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2 <br />10 <br />11 <br />12 <br />13 <br />14 <br />15 <br />16 <br />17 <br />18 <br />19 <br />20 <br />21 <br />22 <br />23 <br />24 <br />25 <br />26 <br />27 <br />28 <br />"Deed in Lieu of Foreclosure/Sale" means a document that transfers legal title to a property <br />from the Trustor to the Trustee, upon consent of the Beneficiary of the Deed of Trust. <br />"Default" means the failure to fulfill a contractual obligation, whether monetary or <br />otherwise. <br />"Distressed Property" means real property that is under a current Notice of Default or Notice <br />of Trustee's Sale, or pending Tax Assessor's Lien Sale or has been foreclosed upon by the Trustee or <br />has been conveyed to the Beneficiary or Trustee by way of a Deed in Lieu of Foreclosure, but which <br />is lawfully occupied. <br />"Evidence of Vacancy" means any condition that, on its own or combined with other <br />conditions present, would lead a reasonable person to believe that the property is vacant. Such <br />conditions include, but are not limited to, overgrown, dead, or dying vegetation, dry brush, <br />accumulation of newspapers, circulars, flyers, or mail, past due utility notices or disconnected <br />utilities, accumulation of trash, junk or debris, broken windows, doors or other means of entry, the <br />absence of window coverings such as curtains, blinds or shutters, the absence of furnishings or <br />personal items consistent with occupancy, statements by neighbors, passersby, delivery agents, <br />government employees that the property is vacant. <br />"Foreclosure" means the process by which a property, placed as security for a loan, is sold <br />to satisfy the debt if the Trustor defaults. <br />"Local" means the area within forty (40) miles of the subject property. <br />"Neighborhood Standard" means those conditions that are present on a simple majority of <br />other properties within a three hundred (300) foot radius of the subject property. A property that is <br />the subject of a Neighborhood Standard comparison, or any other Abandoned or Distressed Property <br />within the three hundred (300) foot radius, shall not be counted toward the simple majority. <br />"Notice of Default" or "Notice of Trustee's Sale" means a notice that a Default has occurred <br />under a Deed of Trust and that the Beneficiary intends to proceed with a trustee's sale or other <br />similar remedies authorized by law. <br />"Out of area" means the area in excess of forty (40) miles from the subject property. <br />"Owner" means any Person having a legal title in any real property. <br />"Owner of record" means the Person having recorded title to the property as shown in the <br />San Bernardino County Recorder's Office. <br />"Person" shall have the meaning set forth in Section 1.04.0 10 of the Colton Municipal Code. <br />"Pro e " means any unimproved or improved real property, or portion thereof, situated in <br />the incorporated territory of the City of Colton, designed and permitted to be used for dwelling or <br />commercial purposes and includes the buildings or structures located on the property. <br />"Responsible Party" means the Person having actual control of the property at any given <br />time, including the Owner of Record, Beneficiary, Trustee, servicing company, or real estate agent <br />acting, or any other party acting on behalf of the Owner of Record, Beneficiary, or Trustee. <br />