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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported)
June 5, 1997
AMRESCO Residential Securities Corporation
(Exact name of registrant as specified in its charter)
Delaware 333-8687 75-2620414
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
700 North Pearl Street
Suite 1400, LB # 342
Dallas, Texas 75201-7424
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (214) 953-7700
No Change
(Former name or former address, if changed since last report)
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
8.1 Tax Opinion of Arter & Hadden
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
AMRESCO RESIDENTIAL SECURITIES CORPORATION as
Depositor
By: /s/ Ronald B. Kirkland
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Name: Ronald B. Kirkland
Title: Vice President and Chief
Accounting Officer
Dated: June 5, 1997
<PAGE>
EXHIBIT INDEX
Exhibit No. Description Page No.
8.1 Tax Opinion of Arter & Hadden
Exhibit 8.1
June 5, 1997
Re: AMRESCO Residential Securities Corporation
AMRESCO Residential Securities Corporation Mortgage Loan Trust 1997-2
Registration Statement on Form S-3 No. 333-8687
Ladies and Gentlemen:
We have acted as counsel to AMRESCO Residential Securities Corporation in
connection with the preparation and filing of the registration statement on Form
S-3 (such registration statement, the "Registration Statement") filed with the
Securities and Exchange Commission pursuant to the Securities Act of 1933, as
amended (the "Act"), in respect of AMRESCO Residential Securities Corporation
Mortgage Loan Pass-Through Certificates, Series 1997-2 (the "Certificates"). Our
advice formed the basis for the description of federal income tax consequences
appearing under the heading "Federal Income Tax Consequences" in the prospectus
supplement contained in the Registration Statement. Such description does not
purport to discuss all possible federal income tax consequences of an investment
in Certificates but with respect to those tax consequences which are discussed,
it is our opinion that the description is accurate. In addition, assuming (i)
the REMIC elections are made, (ii) the Pooling and Servicing Agreement is fully
executed, delivered and enforceable against the parties thereto in accordance
with its terms, (iii) the transaction described in the prospectus supplement is
completed on substantially the terms and conditions set forth therein, and (iv)
continuing compliance with the Pooling and Servicing Agreement, it is our
opinion that, for federal income tax purposes, the REMIC created by the Pooling
and Servicing Agreement will be treated as a REMIC, each class of the Offered
Certificates, the Class C Certificates and the Class S Certificates will be
treated as "regular interests" in such REMIC and the Class R Certificates will
be the sole "residual interests" in the such REMIC.
We hereby consent to the filing of this letter as an Exhibit to the
Registration Statement and to the reference to this firm in the Registration
Statement and related prospectus supplement under the heading "Certain Federal
Income Tax Consequences."
Very truly yours,
/s/ Arter & Hadden
Arter & Hadden
