flagstar + citi mortgage short sale

8/2/2019 Flagstar + Citi mortgage Short Sale

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Flallstar~"~Bank

Dear Flagstar Customer:

Flagstar Bank reviewed the pending sales contract on the above mortgage l o a lthe Pre-Foreclosure Sale Program.

This letter will confirm our approval of the pre-torectosure sale of this propsconditions listed below. If any of the conditions listed below cannot be met,lien. Please make sure th t all instructions are followed r r re uest toaccruals.

THE SAlE PRfCE IS TO BE NO LESS THAN $178.000.00.REALTOR COMMISSIONS ARE NOT TO EXCEED S1tL680.00.SELLER'S CLOSING COSTS ARE NOT TO eXCEED $12. 184.M.tPAYOFF FOR 2ND (CitiMortgage) NOT TO EXCEED: $3.000.09.NET SALES PROCEEDS ARE TO BE NO LESS THAN 152135. 4PAYABLE TO FLAGSTAR BANK. THIS FIGURE SHOULD BE RE L~

THE FIRST MORTGAGE. NET PROCEEDS ARE TO BE RECEIV 0 .BUSINESS DAY ALONG WITH A SIGNED COpy OF THE SETTL MSELLERS ARE TO NET $ -0-.BUYER(S )NAMES ARE: _i I I_ ._BUYER'SF IN AL LO AN A PP RO VA LlETTER TO BEFAXED TO 888-i l3!08115/i009.SALE IS TO CLOSE NO LATER THAN 08121/2009.A COpy OF THE HUD1 SETTLEMENT STATEMENT ISREVIEW AT LEAST 48 HOURS BEFORE CLOSING.APPROVAL IS VOID IF BANKRUPTCY IS FILED.NO MODIFICATIONS CAN BE MADE TO THESE TERMS W/THO

AODrovalleHer.doc P::IOA 1 nf3

5151 Corporat", DriveTroy, Michigan 48098-2639

Phone: (248) 312-2000www.f1agstar.com

ance with the terms of

ntingent on thewill not discharge itsavs andJurther interest

SHO~LD BE MADEED A THE DISCHARGE TO

PR 5S MAIL THE NEXTSTA EMENT.

7 71 21 NO L AT ERTHAN:

BE SENT FOR OUR

All nAn~

2 loans - $230Kbalance. Client hadto pay 1K at thetime of closing. Nopromissory notewas claimed . Debtwas cancelled.


2/5

Flagst.~'--~BanIc

5151 Corporat~ Drive

T ro y, M ic hig an 4 80 98 &2 6Phone: (248) 312~2000

www.flagstar.com

Page 2

ptEASE MAKE NET PROCEEDS CRECK PAY ABl,E TO :1~r lRank,FSB

After closing, please send via FedEx a copy of the HUD Settlement *~"pnt.''N1et Proceeds Check,Original Promissory Note (if required), Assignment of Escrow Disct~ur.l~t~tem~ntf and the release ofliens, i f any.

Please be aware that Flagstar Bank will be responsible for executing the r r u ! ~ ~elea~e of lien andreconveyance immediately after receiving the net sales proceeds and all 0 her c sing onditions are met.Flagstar is also responsible for flIlng any cancellation of Notice of Trustee' S ae at h been recorded.rescission of any foreclosure that may have occurred, or cancellation of an 0 1 tpend n9 forectosure action thatis already in process.

For your convenience, we ha.ve provided the complete ma.iling address anJ a ~cfjtact p~rson at Flagstar:

10245 Centurion Parkway N. Suite 305Jacksonville, Florida 32256Attention: Nicole Phillips

IMMEDIATELY FOLLOWING CLOSING: Forward a copy of the HUD-\ S lenlf~nt Sta~ment and Net ProceedsCheck by fax to my attention at (904) 854-7701. .

Notwithstanding our approval of this short payoff, Flagstar Bank, FS ,~s~~es t~e right to withdrawapproval at any time and demand full payoff prior to funding.

Should you have any questions. or:reQuireadditiona! irrtorrnation, please ~U ~ 1 1 t(8881'1736-7712.

Nicole PhillipsFlagstar BankLoss Mitigation Department

.4 nnf"'f'nl!:lll 'gft.. - riOE"" 1:16"'0-"');,.#""=1: Illi ntJn,fi


3/5

I

Q !I I

ASSIGNMENT OF ESCROW DISCLOSURE STATE I V I t

IIlultm

E :I

fly/our current interest, and aUfuture refunds, in the ~ s o P \ aCCOl nt,erty tax, private mortgage insurance and any other it ~m t; ) eserov~. 8 .

Date

Date

0 ~....r:"!Z

Flagstar.- & #__. ...

fi baaaaa" aa..

ACCOUNT NUMBER

BORROWER(S) NAM

I!WE hereby transferinsurance policy, proFLAGSTAR BANK, F

Daniel Hydzik

E w a H yd zik

A ...," "I Itt", . ,-inl'

Q1151 Corporate Driv(tTroy, Michigan 48098-2639

Phone: (248) 312~2000WVIIoV,flagstar.com

to include the hazardon the mortgage to

All I\,QI\n


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08/11/2009 07:33 TEL

e rnmortgagA ug ust 11J 2009

RE:~. n _S ec ur ity A d dr es s. N ile sIl. 60714

Account #: S F ? un wIlalance: $50,305.49

\ l I l

, id

I

T his am o un t is d uein o u r o ffic e b y08/28/2009 o r m aybe subjectto inere Ipay ments are sent in a C ASH IER 'S! C ERTIFIE D. O R T IT LE C OM PC itiF in an cia l, v ia O V E R NI GH T m a il to "

C i timor tgage Inc . ag ree sto accepti5,000.00 to settle th e acco un t infullw it h th e a bo v e re fe re nc ed a cc o un t.

CitiMortgageAttn: M i ch ae l R e nn erTransact ion Processing10 00 Tech no lo gy D riv e. M ail Sto p 5 04O 'F allo n , M O , 6 33 68 -2 24 0

For Wire TRANSFERS:

Wir e to : C itib an k D e la w a reA BA#: 031100209CreditTo :C it iM o r tg a g e I nc .Accounts#: 38796956

W ire M e m o In fo R equire d: R e le as e o f L ie nC us to m e r N a m e :_illC us to m e rs 1 0 D ig it A c co un t#3IIi:i'T1IIIi10

P lea se co nta ct m e at 46 9-22 0-3 490 sh ou ld y ou h av e an y qu estio ns o r

~?JJB~rCitiMortgageRecovery Special is t

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Iease lthe l ien assoc ia ted

'1 Plea* m ake sure that alleck, $ lade payab leto

e m s r e ga rd in gthi s account .


5/5

08/11/2009 07:33 TEL

T his is an attem pt to co llect a d eb t a nd an y in fo rm atio n o btaine d w ill beusedltoi

If y o u a re re pre se nte d b y a n a tto rn ey, p le ase re fe r th is le tte r to y o ur a tto rn ey

n am e, a dd re ss a nd te le ph o ne n um be r.To the ex ten t y ou r o blig atio n h as b ee n discharge d, o r is su bject to a n au to m aticB an kru ptc y C o de , th is n o tic e is fo r co m plia nce a nd /o r in fo rm atio n al p urp ose s0d em an d fo r p ay m en t o r a n a tte mp t to c olle ct su ch o blig atio n.

W henever m ore than $600.00 o f a debt is fo rgiven as a result o f settling a debtfw e are re qu ire d to rep ortthea mo unt o ftlJed eb t fo rg iv en t o th e-I nt ern al R e ve huco py o f w hich w ill be m ailed to y ou.

CH0.5E04(11.99)h0.5.dot

~002/002

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u nd er ~ he U n ite d S ta te sn d do es no t co nstitu te a

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flagstar + citi mortgage short sale

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