short sale package - new editable pack - group...

Short Sale PackageDear Homeowner:Prior to taking your Short Sale listing, the following documents are needed for every Borrower that is on the loan(s). Please do not send over an incomplete package; please fax all documents in one fax to (866) 936-2043. The following documents are needed:

Borrowers Authorizationo Complete the enclosed form with all requested information and sign & date

Mortgage Statementso Provide the most recent mortgage statement for each bank (1st bank, 2nd bank, etc.)o Please note: these must be actual statements, which include the loan account numbers, as well as original loan balance etc.

Hardship Lettero A Hardship Letter is a brief letter written by you, the homeowner, that briefly describes the reason for your Short Sale situationo Included is a guide that will help you describe your reason for short sale.

Paycheck Stubs/Statementso Must have the past 3 paycheck stubs/statements, these must be the most recent.o If self-employed, a 6-month Profit & Loss Statement is needed

Tax Returnso Copy of 2 most recent tax returns (not W-2s)o Only need Form 1040 (2 pages, the summary page of your taxes)

Bank Statementso Last 3 months bank statementso Must include all pages of the bank statement (even if they are blank)o Must have your personal information printed on it (name, address, etc.)

Financial Statement/Budgeto Complete the enclosed form and sign & dateo PLEASE NOTE: Most banks and bank employees will not read this document in detail; HOWEVER, in the rare occurrence that it does happen,

the bank or bank employee is looking to see that your monthly obligations equal or exceed your monthly income.

Group 46:10 Disclaimero Carefully read the enclosed form and sign & date

Loan Modification Waivero Carefully read the enclosed form and sign & date

HOA Information Form:o Carefully read the enclosed form and sign & date

Authorization of Release

o Carefully read the enclosed form, complete, sign & date

Seller Expectation Documento Carefully read the enclosed form and sign & date

Tenant Authorizationo If the property is tenant occupied, this form must be completed by you and your tenant.

No Information Waiver (if necessary)o Please sign and date on the appropriate sections(s) of this form only if one or more of the following apply:

You are not employed or cannot provide Paystubs You have not filed your taxes or cannot provide Tax Returns You do not have Bank Statements or cannot provide Bank Statements

Additional Lender Specific Formso Some lenders require specific forms. If you have any of the lenders listed below, please complete the requested documents at the end of this

package. Wells Fargo/ASC, Chase Bank, and Seterus

BorrowersAuthorizationFormPhone4804496642Fax8669362043

3920 S. Rural Rd., Suite 110, Tempe AZ 85282 I hereby authorize Group 46:10 and its agents, specifically Fred Weaver, Kevin Kauffman, Bret Cramer, Brian Weaver, David Baird, Stephanie Weaver, Alex Black, Lee Redding, Sharlene Hodgkins, Olivia Chavez, Sierra Chavez, Tammy Gormley, Estevan Sanora, Serena Marez, Ariella Myers, and/or its assigns, to have full access to my loan account information. This is for the purpose of verification of account or mortgage balances, negotiation based on offers received, including but not limited to the payoff and other information pertinent to the existing financing, or the loan in any fashion. I authorize written or verbal contact with any and all lenders or note holders on my behalf, at all times, for an indefinite time period. It is also understood that a photocopy of this form will also serve as authorization. Borrower Name Co-Borrower Name Property Address:

Borrowers SSN: Co-Borrowers SSN:

First Lenders Company Name: Phone #

Loan or Account Number for 1st Lender:

Second Lenders Company Name: Phone #

Loan or Account Number for 2nd Lender:

Third Lenders Company Name: Phone #

Loan or Account Number for 3rd Lender:

As the Seller of this home, I hereby declare that this authorization form is valid and active for the entire time I have my home listed with Group 46:10. This authorization does not expire even if my lender(s) have some guideline that says the authorization must be signed and dated within the last specific time period (for example the last 60 or 90 day time period) this authorization renews automatically.

Borrower Signature Date Co-Borrower Signature Date

How to Write a Hardship Letter

Please use the follow guide to help you in creating an accurate and well written Hardship Letter that can be used during the processing of your short sale. Below you will find both things to include in your letter and what things NOT to include in your letter.

What to include in your hardship letter. Include job loss or decreases in monthly income Include health expenses or inability to work due to disability Include information on any poor health conditions Increased debt and a rise in expenses Recent bankruptcy filings or consideration of filing bankruptcy Inability to gain acceptance to other loan modification programs Relocation requirements for employment Depleted savings and additional funds

What NOT to include in your hardship letter. Increase in pay or promotion Additional bank accounts with an abundance of money in them Simply not wanting to pay my mortgage out of choice The market has shifted therefore my home is no longer worth the amount I paid for it Do not include information regarding 401K accounts, retirement accounts, or investments

Financial Analysis

Property Address: ___________________________________________________________________

City: ____________________ State: _________________ Zip: __________________

Borrowers Name: ______________________________________________________________________________

Date of Birth: _________________________________ SSN: _______________________________

Mailing Address: _______________________________________________________________________________

Co Borrowers Name: ___________________________________________________________________________

Date of Birth: ________________________________

SSN: ______________________________________

Mailing Address: _______________________________________________________________________________

How many people in your household including yourself? ________________

Reasons for Short Selling?

Check all that apply:

Abandonment of property Excessive Obligations Payment Adjustment Casualty Loss Illness in Family Payment Dispute Reduction of Income Illness of Borrower

Property Problems Death in Family Inability to Rent Property Title Problems Death of Borrower Separation/Divorce Transferring Property Job Transfer

Military Service Unemployment Business Failure Fraud Incarceration Marital Difficulties Other_____________ Other_____________

Total Monthly Income Borrower 1 Borrower 2Monthly Employment IncomePay FrequencyMonthly Government IncomeMonthly Unemployment IncomeMonthly Alimony IncomeMonthly Child Support IncomeMonthly Rental IncomeTotal:

Total Combined:

Monthly Expense WorksheetFamily Expenses:Family Expenses: Contributions:Contributions:

Auto Maintenance (Gas, Oil Changes, etc.) Church/Charity

Food/Groceries/Toiletries Other Monthly Contributions

Medical/Dental Total Monthly Contributions:Alimony/Child Support Paid Auto Debt:Auto Debt:Child Care Auto Payment 1

Entertainment Auto Payment 2

Tuition/School Total Monthly Auto Payments:Pet Supplies Credit Card Debt:Credit Card Debt:Other Monthly Expenses Credit Card Payment 1

Total Family Expenses: Credit Card Payment 2

Home Expenses:Home Expenses: Credit Card Payment 3HOA Dues Credit Card Payment 4

Property Taxes Total Monthly Credit Card Payments:Home Repairs Mortgage and Loan Debt:Mortgage and Loan Debt:Rent Expenses 1st Lien Residence Mortgage Payment

Moving Expenses 2nd Lien Residence Mortgage Payment

Total Home Expenses: Student Loan Payments

Utilities:Utilities: Other Monthly Loan PaymentsCable Total Mortgage and Debt Payments:Electricity Insurance:Insurance:Natural Gas Auto Insurance

Phone and Internet Health Insurance

Sewer and Water Life Insurance

Other Monthly Utility Expenses Other Monthly Insurance Expenses

Total Utility Expenses: Total Insurance Expenses:

Work Expenses:Work Expenses: Assets:Assets:Dry Cleaning Property

Parking Checking Account

Union Dues Total Assets:Other Monthly Work Expenses Total Expenses:

Total Work Expenses: Total Debt:Total Expenditures:

Total Income:

I (We) understand that the financial information provided is an accurate statement of my (our) loan financial status.

By: _____________________________________________________________ Date: _________________________

Signature of Borrower

By: _____________________________________________________________ Date: _________________________

Signature of Co-Borrower

Group 46:10, LLC Short Sale Negotiation Agreement3920 S. Rural Rd. Suite # 110

Tempe, AZ 85282480-449-6642 Phone 866-936-2043 Fax

I, the undersigned, acknowledge that Group 46:10, LLC is a company specializing in mitigating foreclosure losses. Group 46:10, LLC is not a licensed real estate brokerage. However, Kevin Kauffman and Fred Weaver are licensed real estate agents under a brokerage who will list your home for sale. Group 46:10, LLC discloses that they are not attorneys nor certified public accountants and I understand that I have been advised to consult with any of these professionals with regard to any specific questions I may have relative to these areas of expertise.

It has been disclosed to me that once an offer is made to me from a potential buyer and accepted by me, the Seller, Group 46:10, LLCwill make every attempt to successfully negotiate the offer for a Short Sale in order to save my home from foreclosure. In the event of aShort Sale on my property, I understand there is no guarantee the lender beneficiary on my property will approve a payment forless than the full amount due on the loan. In the event a Short Sale is not able to be agreed upon, I realize and acknowledge thatforeclosure is a possibility that I have been made aware of.

I also understand that Group 46:10, LLC may charge miscellaneous mitigation/negotiation/processing fees to my lender(s) in anamount up to 6% of sales price. Group 46:10 shall never allow a closing to be hindered or interfered with over any additional fees theymay get paid from the Client/Sellers lender(s).

I am also aware that I am not allowed to receive any cash compensation from this transaction in any way, shape, or form.I have also been advised that some home loans may not be fully or partially released through a Short Sale and the lender may haveadditional recourse against me. This includes, but is not limited to, an agreement to sign an unsecured or secured promissory note and/or cash due at time of closing. I further have been advised that there may be tax ramifications associated with saving my home from foreclosure auction, including but not limited to, the issuance of an IRS tax form 1099 for any shortfall of the mortgage debt. I have been advised to seek professional tax and legal advice concerning these possibilities.

Although every effort will be made to obtain a full release/payoff status on my loan, neither the listing agents, nor Group 46:10, LLC canpromise how the lender will handle any deficiency of the loan. I have been advised to seek the council of a qualified real estateattorney for this matter.

Name Date

Name Date

Loan Modification Waiver

I hereby acknowledge that I am not interested in any form of a loan modification on my home. By agreeing to work withGroup 46:10, I state I am 100% committed to selling my home through a Short Sale. I understand once I havehired Group 46:10 to complete my Short Sale, it is not uncommon for my bank(s) to begin offering various loanmodification plans as a strategy for my bank(s) to collect more money from me.

This form is an acknowledgement to Group 46:10 and my bank(s) that I have no interest in a loan modification. I am onlyinterested in selling my home via a Short Sale.

Borrower & Co Borrower Names:

Property Address:

Signature Date:

Signature Date

Group 46:10 Short Sale Process and Seller ExpectationsThank you, once again, for choosing to work with Group 46:10; we know this time can be very difficult on you. It is our objective tohelp you Short Sale your home and move forward from this period in your life as quickly as possible. This document was created toinform you of how we process all of our Short Sale listings and the expectations we place on you, as the Seller of the home.Please read through this entire document and sign/date the last page, to acknowledge your acceptance of our Short Sale process andthe expectations you will be held to.

Who We AreWe are the premier Short Sale team in the Phoenix metro area we specialize in helping homeowners, who owe more against their home than it is currently worth, sell their home without bringing any money to closing. We specifically negotiate with your bank(s) to accept less than what you owe them. Our team officially formed in February of 2008 and since that time, we have successfully closed on 90+% of our Short Sale transactions. Homeowners hire us because they understand the value we offer; this value comes from our experience, results, and process.

ExperienceAs a team, we have over 20 years of experience in negotiating and successfully closing Short Sales. We got our start negotiating Short Sales as investors and, in recent years, have begun negotiating files for Realtors and their clients. All of the Short Sale negotiation is done in-house; we do not send any of our files to a 3rd party Negotiation Company.

ResultsNearly 95% of our business is currently Short Sales. We have anywhere from 70-100 or more listings at any given moment. More than 90% of our Short Sale listings successfully close and we have closed hundreds of Short Sales in the last few years. While we will never guarantee we can close every Short Sale (and we think you should be really leery of anyone that tells you they can), we strongly believe if it is a deal that can be done, we will get it done!

ProcessWe believe we have a Short Sale process that is unmatched in the industry. From our initial consultation with you, all the waythrough, and after the closing, we have a process in place which delivers results and aims to eliminate potential problems. Our process is actually pretty simple its all the other Realtors Short Sale processes that are confusing and make no sense (were somewhatkidding). Heres our process:

Prior to taking your Short Sale Listing, we collect the Financial Package from you, which includes all of the information your bank(s) will request from us.

You list your home with your preferred Listing Agent and the day the home goes in MLS, we send the Seller's Authorization Form to the bank(s). This document allows us to communicate with your bank(s) directly.

Your Listing Agent markets your property and prices the home at, or slightly below, market value until we get an offer.

We are only looking for ONE contract to send to the bank(s). We are looking for ONE qualified and committed Buyer who will put up Earnest Money and complete their home inspection within the first 10 days of contract acceptance. If we have this, we will fully execute ONE contract to send to the bank(s). If additional offers are received once an offer has been accepted by you, we will notify you of the new offer, and you may view it through our online Transaction Management system: SureClose.

Once an offer is received on your property, your Listing Agent will quickly review the offer with our team and then will contact you and send you the offer that was received for your signature and initials. This offer will have been reviewed to ensure all terms will meet the lenders requirements. In some cases a counter offer will be generated to ensure the offer meets all necessary terms. It is imperative that you send the offer back to your Listing Agent immediately, as the offer is time-sensitive. If you have any questions regarding the contract, please address those with your Listing Agent before signing anything. Upon acceptance, we will also request that you send updated Bank Statements and Paystubs along with the signed contract.

Once the contract is fully-executed, we submit the fully-executed contract, a HUD-1, and all of your financial documents to the bank to begin the 60-90 day Short Sale process (this is the average length of processing time some are much quicker, some take up to 90 days). Please be patient throughout this process; at times, you may feel things are moving slowly, but remember, this is not a regular transaction and we are doing all we can on our end to make things go as quickly as possible.

Your bank(s) will then do one or more valuations on the home to identify what they think the home is worth. Once their valuations are back, theyll review the offer and all corresponding documentation, and finally issues their decision.

Once the bank accepts the terms of the offer, well issue a document called the Agreement Notice the notice to all parties that the Short Sale has been approved. In rare circumstances, we will need to go back to the Buyer and tell them why the bank will not accept their offer and give them an opportunity to raise their offer.

Marketing Your HomeYour home will be shown to both investors and traditional buyers through the MLS and many other websites. It is a requirement of oursthat your home has a lockbox on it for easy showing access. Statistics have shown over and over again that homes with lockboxes onthem sell much faster than those by appointment only.

During this process, your home may be shown several times a day. It is your responsibility to make sure the home is in good showingcondition and is available to be shown in an appropriate and timely manner. Our mutual goal is to get the highest and best offer in theshortest amount of time. While your home is being shown by other Realtors, please be sure to direct any non-property relatedquestions to your Listing Agent.

Part of having your home in good showing condition includes keeping all utilities (electricity, water, gas, sewer, etc.) on at the home forthe duration of the sales process. Per the Exclusive Right To Sell/Listing Agreement, it is the Sellers responsibility to keep all utilitieson while marketing the home, as well as while we are in the negotiation and closing process. It is imperative utilities be on at the time of the Buyers home inspection.

Marketing a Home with TenantsOn some occasions the homes we list are tenant-occupied, rather than owner-occupied. In this situation, it is imperative youare in full communication with your tenant. Your tenant must agree to sign an agreement with you to vacate the property within 2weeks of the bank agreeing to the short sale.

Additionally, we will not list any homes that are tenant-occupied without the written consent of you and the tenant to allow a lockbox onthe property, as well as any and all showings of the property with 1-hour advanced notice. We will not list a home if the tenant is notcooperative with any of the above points.

We have created a Tenant Acknowledgement form for you to use with your tenants. This form entails all of the points covered aboveand must be signed by you and your tenants prior to the listing of your home.

Items in Home:We understand there are items in your home you may not want to part with; however, there are several items in every home considered fixtures according to the sales contract. The following items are considered a fixture and are expected to convey with the home:

Range/Oven Built In Appliances Light Fixtures Towel, Curtain & Drapery Rods Ceiling Fans Draperies/Blinds Attached Floor Coverings Flush Mounted Speakers

Attached Fireplace Equipment Window & Door Screens/Sun

Screens Shutters & Awnings Solar Systems Attached TVs & Satellite Dishes Storage Sheds Water Misting Systems

Garage Door Openers & Controls

Timers Mailboxes Outdoor Fountains and Lights Built In Barbecues Outdoor Fireplace

If you wish to remove any of the above items, they must be removed prior to the listing appointment and/or any property showings. Although the property will be offered AS-IS, the Buyer is entitled to perform inspections to determine their satisfaction with the conditions of the property. In compliance with the AAR As-Is Addendum, the property must be in the SAME condition on the date of close of escrow as it is on the date the offer is produced. Any changes to the condition of the property can seriously jeopardize the pending close of escrow.

HOA(s)Your Homeowners Association(s) has/have the ability to file legal action against you for delinquent HOA Dues or Fines. Several lenders will not authorize the payment of past HOA dues, penalties or fines. We strongly recommend you keep your HOA dues current and abide by all rules and regulations of the HOA(s) in order to avoid any penalties.

Communication from UsTo keep you informed throughout the transaction, we have developed a system which will enable you to get updates on your transaction on a regular basis. We use an online transaction management system called SureClose, which allows you to see the progress of your transaction from day one through the successful close of escrow. We will send you an email with instructions on how to log in to the system at the time we list your home.

We ask that you check the online system first for updates before contacting us directly. We are very confident in our teams abilities toassist you at any time, but ask that you use our online system as much as possible as the majority of our time is spent negotiatingsuccessful transactions with your lender(s). Please contact your Listing team if you have any questions around how to use the system.

Communication from YouIf you receive any documentation in the mail from your bank(s) outside of a standard collection letter, please email or fax us thisdocumentation as soon possible. Of specific interest to us is anything with a foreclosure sale date on it especially if your home is inPinal County (it is very difficult for us to research foreclosure sale dates in Pinal County).

Unless we instruct you to do so, we ask that you have no contact with your lender(s) throughout the Short Sale process any contactfrom you to your lender(s) only complicates the process. If we do need you to contact someone at the bank, we will instruct you to doso and ask that you make this contact within 24 hours from the time we make the request.

Short Sale ApprovalOnce the offer has been approved by the lender(s), you will be notified through a document called the Agreement Notice that we cannow proceed with closing on the transaction. Our standard Short Sale Addendum, included with every fully executed contract, states the close of escrow will take place 21 days from the date of lender(s) approval. If you are still living in the home at this time, you must be prepared to move out before the closing.

Closing ProcessAfter the issuance of the Agreement Notice, the title company will contact you to schedule a time to sign the official seller closingdocuments . Our title officer is able to sign you at the main Title Management Agency of Arizona office at 2400 N Central Ave., Suite #203, Phoenix, AZ 85004. If you desire to be signed at a different location, there will be a $150 fee for a mobile signer to meet you atthe location of your choice. Please note: there are no alternative closing arrangements that can be made. Please bring your I.D., and a good attitude with you to closing :)

KeysPlease keep all keys in your possession until Close of Escrow. Upon closing, please leave all keys, garage door openers, poolkeys, mailbox keys, appliance manuals, property manuals/info, etc. in a kitchen drawer or on the kitchen counter at the property.

Your Future Financial FreedomKeep all documents pertaining to this sale in a safe place. Please call us with your new forwarding address so we can keep in touchwith you. Try not to incur any new debt and try to keep low balances on any credit cards you may have. Maintain good consumercredit by not paying late on your currently active accounts. Pay your rent by check or some other way that can be tracked to showevidence that you are paying on time. These things will assist you, should you choose to purchase a new property in the near future.

We understand this decision may have been very difficult to come to. With that said, we would like to remind you that the wholepurpose of this transaction is to position yourself and your family in a better place; a place with a healthier financial future and onewhich allows security and freedom. We look forward to working with you toward a successful transaction!

Best Regards,

Fred Weaver & Kevin Kauffman

Group 46:10, LLC3920 S. Rural Rd. Suite 110Tempe, AZ [email protected]

Seller Expectations Acknowledgement FormI,_______________________________ as seller of the property located at ______________________________________ agree to the following:

______/______ To keep the subject property in good showing condition, including but not limited to, keeping all utilities on through close of escrow.

______/______ To submit written authorization signed by tenant (if applicable) allowing a lockbox on the property, showings with 1 hour notice, and agreement to vacate the property within 2 weeks from delivery of the Agreement Notice.

______/______ To respond to all Realtor requests for showings within 24 hours.

______/______ To direct any non-property specific questions from Realtors to my Listing Agent.

______/______ To deliver any requested items, including contract and updated financials, within 36 hours of request to my Listing Agent.

______/______ That no items considered a fixture (as defined on page 2 of this document) will be removed from the home after the home is listed.

______/______ That home will be left in the same condition at close of escrow as it was at the time the offer was made.

______/______ That I will contact Group 46:10 upon receipt of any communication from my lender(s), with regards to anything other than standard collections.

______/______ That I will notify Group 46:10 immediately if I receive anything with regards to a foreclosure sale date on my property.

______/______ In the event I am asked by Group 46:10 to contact my lender, I will do so within 24 hours of that request.

______/______ To respond to any phone calls or emails from the Title Co. within 24 hours.

______/______ To notify Group 46:10 of any changes in property status, including but not limited to, vacating the home, going out of town while home is occupied, any changes in tenant status.

______/______ To allow BPO Agent, Appraiser, and Inspector access within 24 hours of request.

______/______ I further understand that multiple offers will not be accepted on my property. Any and all offers received after acceptance of an offer will be viewable by logging into Group 46:10s Sureclose Transaction Management System.

______/______ I certify I have read and fully understand the entire Seller Expectation document.

__________________________________________ _____________Sellers Signature Date

__________________________________________ _____________Sellers Signature Date

Best Practices for Selling Your Property with a Tenant

Working with a Property ManagerOur experience of selling homes with a property manager has been that many property managers are stuck in a hard spot, in between you and the tenant. Most property managers do not understand the short sale process and do not relate with the current situation you are in. They are focused on the job you hired them to do - managing the property. We feel that it is best to sever the relationship between your property manager before you sell. Most property managers should be ok if you let them know you have decided to sell your property and will no longer need their services. Some may want to convince you that they can maintain the property while you are selling it, but it is usually not necessary.

How & What Do I Communicate to the Tenant We strongly recommend that you are very up front and honest with your tenant about the situation you are in. Your tenant needs to understand that you must sell the home to avoid foreclosure and that while this is an inconvenience to you and to them, you are asking them to make the best of the situation.

We must have a copy of the Tenant Authorization Form signed by you and your tenant - it is your responsibility to get this form signed. This form is an addendum to your current lease and lays out the terms of how you and your tenant are going to work together while your home is up for sale as a Short Sale. This form covers the following...

1) A lockbox must be put on the property to allow agents to show the home: This is very important and something the tenant must agree to to allow us to give you the best chance to sell your home.

2) How prospective Buyers will gain access to the home to look at it: The ideal showing instructions are for Buyers to call one hour before showing & if the tenant does not answer, leave a message and show using the lockbox. The easier the access to the home, the more likely we will get an offer on your home quickly.

Please note that once we have an offer on the property we will remove the showing instructions and at that time everyone will call our office to gain access. Their are only a few people after contract acceptance that need immediate access: the BPO agent, inspector, and appraiser. These people will contact your tenant for access.

3) Tenant agrees to move out before closing: We will keep you informed throughout this process so you can let your tenant know when they will have to be out of the home. We cannot predict how quickly the short sale will be approved but once we have received short sale approval from your lender(s) we will issue an Agreement Notice that will state the exact date of the closing. Your tenants must vacate the home within 2 weeks of the date we issue the Agreement Notice. Once we have a contract on the home, your tenant should begin looking for a new place to live as short sale approval could be received by your lender(s) in as little as a few weeks or as many as a few months.

Lastly, one of the best practices that we have seen other homeowners use is to offer lower or discounted rent to their tenant in exchange for their cooperation in selling the home. We strongly encourage you to consider this as it helps create a win-win solution for the tenant who is making some sacrifices to assist you.

Tenant Authorization

I/we, as tenant(s) of property located at

, have been made aware that the above-mentioned property is being listed for sale.

I understand a sign will be posted in the front yard, and that Realtors will be showing the home.

Showing Instructions:

Realtors may call me to show home; if I do not answer the phone, they may leave a message and show the property using a lockbox put on home.

Realtors may show between the hours of and without calling (using lockbox). Outside of these hours, they must call to arrange a time to show.

Tenant Phone Number:

Furthermore, I agree that upon notification the home will be closing or that a contract has been fully accepted, I will havetwo (2) weeks to vacate the property in good condition.

Tenant Date

Tenant Date

Owner Date

Frequently Asked Questions Throughout the Process

The bank keeps calling, what should I do?o Please understand there are many departments within each bank. Generally speaking, the department that is

calling you most frequently while you are behind on payments is the Collections Department. The Collections Department and the Short Sale Department are usually not communicating with each other. Collection calls usually continue even while we are working on the Short Sale process. If you do not want to receive calls from anyone at the bank, simply put a letter in writing requesting your bank not contact you by phone any longer, but instead only utilize the mail. It may also be helpful to reference the Fair Debt Collection Practices Act.

I called my bank to check on the status of the Short Sale and they said they are missing documentation. Why are they saying this?

o First off, please do us a favor and do not contact your bank. Please trust us that the banks have enough calls to field in a day that they do not need multiple parties calling them on the same transaction. Oftentimes, incorrect information is given by phone representatives, so please, dont ever be alarmed at what one representative at a bank says. Please trust that we will be in conversation with your bank(s) multiple times each week as we work the Short Sale process.

What if I have a foreclosure sale date on the home?o Most banks will not indefinitely put a foreclosure sale date on hold just because we have the home listed as a short

sale. With a high amount of certainty, we can tell you the Bank will extend/postpone the sale date as long as needed to review a good Short Sale offer the key is getting an offer to them to review at least two weeks before the scheduled foreclosure sale date. We get numerous foreclosure sale dates extended or postponed every month, so please dont be alarmed over a sale date if we are in the negotiation process on a Short Sale and have an offer on the home. Please also understand that most foreclosure sale dates are not postponed until were 2-5 days out from the sale date.

How much commission do you pay to Buyers Brokers?o Let us begin by saying that we ALWAYS, ALWAYS, ALWAYS pay the commission we advertise in the MLS. We

have never, and will never, pay less than what is advertised. We advertise and pay a 2.5% co-broke.

o Contrary to popular belief (also known as uneducated belief), all Short Sale lenders do not pay 6% commission. While Fannie Mae has acknowledged they will pay 6% commission, there are still many lenders today that will not pay more than 5% (and others that will tell you they only pay 4% - 4.5% commission). We only pay 2.5% because were simply not willing to do all the work involved in getting a short sale approved, and then only earn 2% or less commission.

o Please also understand there are many times where the 1st lender may agree to pay a 6% commission, but to get the deal approved with the 2nd lender, we have to use some of the commission to meet their required net.

Copies of last 3 Pay Stubs

I/We are unemployed or do not have Pay Stubs to provide.

____________________________________________________ ________________Borrower Signature Date

____________________________________________________ ________________Co-Borrower Signature Date

Copies of last 3 months Bank Statements

I/We no longer have a bank account or are unable to provide Bank Statements.

____________________________________________________ ________________Borrower Signature Date

____________________________________________________ _________________Co-Borrower Signature Date

Copies of last 2 Years Tax Returns

I/We have not done my/our taxes for the past 2 years or we are unable to provide tax returns.

____________________________________________________ _________________Borrower Signature Date

____________________________________________________ _________________Co-Borrower Signature Date

Authorization of Release

I, hereby request that you provide to the authorized epresentativesof Group 46:10 with the following information regarding my loan for the property located at:

Property Address: Loan #

Investor Name: Investor File #:

Investor Phone: Fax:

Investor Physical Address:

Do I have Mortgage Insurance on this Loan?: MI Cert #

Furthermore, this Authorization of Release will allow me to have access to any BPOs or Appraisals that are done on my property.

I am hereby officially requesting that you provide the authorized associates of Group 46:10, as my representatives, with a copy of any BPOs or Appraisals at the time they are delivered to the bank. Additionally, this Authorization of Release shall serve as explicit permission and authorization to discuss any matters about the BPOs or Appraisals with Group 46:10 associates as well.

All above requested information, including Investor Information, MI Information and BPO information may be faxed directly to Group 46:10 at 866-936-2043 or emailed to [email protected] or provided verbally to any one of my authorized representatives.

Thank you for your help.

Signature Date Signature Date

Printed Name Date Printed Name Date

HOA INFORMATION

The information regarding your HOA is a very large part of negotiating your Short Sale. Please complete this form in itsentirety and submit to Group 46:10 with your Short Sale package. It may be necessary for you to call your HOA in order toobtain this information. If this information is not obtained, it will be necessary for the title company to request it, which maycost up to $500.

Property Address:

Does your subdivision have an HOA (please circle): Yes No(If no, there is no further information needed)

HOA Name: HOA Phone:

HOA Payment: Paid (please circle one): Monthly Quarterly Semi-Annually Annually

Date last HOA Payment Made:

Are there any current assessments due: If yes, how much:

What is the Transfer Fee: Disclosure Fee:

Additional Information:

If your Lenders are:

Wells Fargo/ASC Seterus Chase

Bank of America

There are additional forms after this page for you to complete.

For Wells Fargo and ASC loans - Pages 18-21

For Seterus LBPS loans - Pages 22-24

For Chase loans - Pages 25-34

For Bank of America 35-36

www.seterus.com Hardship Response Line: 866.570.5277 Hardship Fax Number: 866.578.5277 F004F

SETERUS, INC. FINANCIAL STATEMENT and Hardship Review

GENERAL INFORMATION

Name: Loan Number(s): SSN:

Address: City: State: Zip:

Primary Phone Number: Alternate Phone:

What is the primary reason for your hardship? (Select ONE option which best describes your situation)

Death of Mortgagor Inability to Sell Property

Illness of Mortgagor Inability to Rent Property

Illness of Mortgagors Family Member Military Service

Death of Mortgagors Family Member Unemployment

Marital Difficulties Business Failure

Reduction in Income Incarceration

Excessive Obligations Natural Disaster

Abandonment of Property Other __________________

Distant Employment Transfer

What date did the hardship begin: Is the hardship temporary: Yes No How long will the hardship last:

Do you have a credit counselor: Yes No Agency Name: Phone:

How many people live in your household: How many dependents live in your household:

ABOUT THE PROPERTY What is the primary purpose of the property? (Select ONE option which best describes what the property is used for)

Primary Residence Second Home Investment Property

If you have a loan on this property NOT serviced by Seterus, Inc. please provide the following information:

Loan Number: Lender: Total Monthly Payment: Due Date:

Approximate Unpaid Balance: Interest Rate: Is the property in foreclosure: Yes No

Is the property occupied by owner(s), renter(s), or vacant? (Select ONE option which best describes the occupancy status)

Owner Occupied

Renter Occupied Are renters paying to occupy the property? Ye Yes No

Vacant If vacant, are the utilities on and the property secured? Yes No

Do you intend to keep the property: Yes No (If you answered Yes skip to the next page)

Is the property currently for sale: Yes No Listing Price: Month & Year Listed:

Have you ever received an offer on the property: Yes No Date of Offer: Offer Amount:

Are you using a real estate agent to sell the property: Yes No Agency Name: Phone:

Military Service Follow Up

Questions:

Are you currently on active

deployment?

Yes No

If you are on active deployment,

have you faxed your orders to Fax:

877.371.7799?

Yes No

Address: City: State:


HOUSEHOLD INCOME

List any income from any members of the household who contribute to the mortgage. Indicate self if you are self employed.

Name of Individual: Gross Pay: Total Deductions: Net Pay (Less Deductions):

Name of Employer: Payment Schedule: Weekly Biweekly Twice a Month Monthly









OTHER MONTHLY INCOME

Overtime / Commissions / Bonuses: .00 Unemployment: .00

Other Job(s) Not Previously Reported: .00 SSI / Disability: .00

Child Support Received: .00 Welfare / Food Stamps: .00

Alimony Received: .00 Other Income: .00

Rental Income: .00

MONTHLY EXPENSES

Total amount paid toward all car payments: .00

Total amount paid on all credit cards: .00

Total amount paid on other loans / lines of credit: .00

MONTHLY LIVING EXPENSES

Food: .00 HOA Dues / Fees: .00 Cable / Internet: .00

Child Care: .00 Medical Bills: .00 Entertainment: .00

Clothes: .00 Prescription Drugs: .00 Charitable Giving: .00

Gas / Electric: .00 Car Insurance: .00 Other: .00

Water / Sewer / Garbage: .00 Health Insurance: .00 (Not deducted from payroll)

Phone(s): .00 Life Insurance: .00 (Not deducted from payroll)

Gas / Fuel for Vehicle(s): .00 Property Insurance: .00 (Not escrowed in mortgage)

Bus / Transit / Parking: .00 Property Taxes: .00 (Not escrowed in mortgage)


ASSETS

Provide details of any property you own other than the loan serviced by Seterus, Inc.

Property Address: City: State: Zip:

Is there a mortgage on this property: Yes No Loan Company Name:

Monthly Payment Amount: Month(s) Delinquent:

Approximate Unpaid Balance: Approximate Value:

Property Address: City: State: Zip:

Is there a mortgage on this property: Yes No Loan Company Name:

Monthly Payment Amount: Month(s) Delinquent:

Approximate Unpaid Balance: Approximate Value:

List any cars you have completely paid off.

Make of Vehicle: Model: Year



List any other significant assets such as boats, RVs, valuable collections, jewelry or other real estate not previously reported.

Item Description: Value:

Item Description: Value:

CASH & ACCOUNT BALANCES

Cash On Hand: .00 401K / Retirement Account Balance(s): .00

Checking Account Balance(s): .00 CDs / Stocks / Mutual Funds: .00

Savings Account Balance(s): .00

AUTHORIZATION & ACKNOWLEDGEMENT

I obtained a mortgage loan secured by the above-referenced property. I certify all information presented herein as well as attachments are true, accurate and correct to the best of my knowledge. I understand submission of this information in no way obligates my mortgage servicer, owner of

my mortgage or insurer to provide assistance to me.

By signing this Financial Statement, I hereby authorize the owner of the mortgage, my mortgage servicer and/or mortgage insurer to: 1) order credit

reports from any credit reporting agency; 2) obtain a current property value review at my expense; 3) discuss with my real estate agent and/or credit

counseling service representative and provide any information (regarding me or my loan); 4) release information regarding this or any other liens on

any mortgaged properties.

THIS FINANCIAL STATEMENT IS FROM A DEBT COLLECTOR AS WE SOMETIMES ACT AS A DEBT COLLECTOR. WE ARE

ATTEMPTING TO COLLECT A DEBT AND ANY INFORMATION OBTAINED WILL BE USED FOR THAT PURPOSE. HOWEVER, IF YOU ARE IN BANKRUPTCY OR RECEIVED A BANKRUPTCY DISCHARGE OF THIS DEBT, THIS LETTER IS NOT AN ATTEMPT TO

COLLECT THE DEBT, BUT NOTICE OF POSSIBLE ENFORCEMENT OF OUR LIEN AGAINST THE COLLATERAL PROPERTY.

COLORADO: FOR INFORMATION ABOUT THE COLORADO FAIR DEBT COLLECTION PRACTICES ACT, SEE WWW.COLORADOATTORNEYGENERAL.GOV/CA. Seterus, Inc. maintains a local office at 355 Union Boulevard, Suite 302, Lakewood, CO

80228. The offices phone number is 888.738.5576. NEW YORK CITY: 1331537, 1340663, 1340148. TENNESSEE: This collection agency is

licensed by the Collection Service Board of the Department of Commerce and Insurance. Seterus, Inc. is licensed to do business at 14523 SW Millikan Way, Beaverton, OR. Our office hours are Mon-Thu 5:00am to 9:00pm; Fri 5:00am to 6:00pm; Sat 6:00am to 12:00pm; Sun 9:00am to

5:00pm Pacific time.

___________________________________________ ___________________________________________

BORROWER DATE CO-BORROWER DATE

Nationwide Mortgage Licensing System and Registry S.A.F.E. Act Servicer ID Number: 2315

Important Information

Chase is a debt collector.

If you are represented by an attorney, please refer this letter to your attorney and provide us with the attorneys name, address, and telephone number.

If you are currently a debtor in bankruptcy proceedings and subject to the protections of the automatic stay, or if you have received afinal discharge in a bankruptcy,this notice is for compliance and/or informational purposes only and not an attempt to impose personal liability for the debt in violation of the bankruptcy laws.However, Chase still has the right under the Mortgage to foreclose on the Property.

8583CSSIP 09/28/11 Short Sale Information Packet Page 1 of 10

SHORT SALE INFORMATION PACKET

In order for us to evaluate your Short Sale request, you must complete this packet, sign in all therequired places and fax or mail it to Chase with the required documentation.

Please keep a copy of everything you send to us for your records.

This packet contains the following:

1. Required Documentation Checklist Detailed list of the documents you must send to us in addition to the packet

a. From You, the Borrower and Co-borrowerb. From Your Real Estate Agent

2. Authorization to Provide and Release Information Grants Chase permission to provide information pertaining to your mortgage tonecessary agents

3. Request for Consideration of Short Sale Information about your property, loans, income, etc., as well as details on the circumstancesthat have made it difficult for you to stay up-to-date with your mortgage payments

4. IRS Form 4506T-EZ Request for Transcript of Tax Return Allows Chase to receive a transcript of your tax return to verify income information

5. Dodd-Frank Certification All borrowers must complete and sign the enclosed Dodd-Frank Certification

If you need any assistance completing this packet, please contact us at 1-866-233-5320.

Please send the completed packet as well as all required documentation:

BY REGULAR MAIL:

Chase Fulfillment CenterP.O. Box 469030

Glendale, CO 80246

BY OVERNIGHT MAIL:

Chase Fulfillment Center710 South Ash St.

Suite #200Glendale, CO 80246

BY FAX:

1-866-220-4130

Chase and FedEx Office are offering you an easy way to return your loan documents. You can find the nearest FedExOffice location offering this service by visiting www.fedex.com/us/office, entering your ZIP code in the Find a FedExLocation box and selecting FedEx Kinkos is now FedEx Office. Bring your documents to one of these select FedEx Officelocations and tell them you are returning these documents to Chase. Provide your name, ZIP code, and phone numberto the counter agent, and they will ship your documents to us at no charge. For more information, go towww.chase.com/fedex.

If you are aWage Earner (you receive aW-2 from your employer) please provide:

Two (2) most recent Pay Stubs (two for each borrower)

Length of service with Current Employer: Borrower Year(s):______ Month(s):______ Co-borrower Year(s):______ Month(s):______

Most recent one (1) months complete Bank Statement

If you are Self Employed, please provide:

P & L Statement / Audited or reviewed YTD Income Statement (must provide)

Most recent two (2) years Tax Returns completed (personal and business, signed with all pages) or 1099s or most recenttwo (2) years filed and proof of extension

Last four (4) months complete Business and Personal Bank Statements (must provide all pages. If a business account is not used,provide a written statement stating a business account is not used)

Everyone must provide the following:

Most recent statement(s) supporting assets listed on page 2 of the Request for Consideration of Short Sale Form (must provideall pages of statements)

Most recent completedTax Return (signed with all pages) or most recent filed and proof of extension (signed with all pages)

Proof of occupancy (if owner occupied) a recent utility bill in your name at property address

If loan is Non-Escrowed:

A) Copy of the most recent property tax bill(s) with a copy of the cancelled check for all applicable taxes (County, City, School, etc.)

B) Copy of the current insurance declaration page for all applicable coverage types (must show premium amount for homeowners,flood, and wind)

C) Proof of payment of Homeowners Association Fees (if applicable)

If Non-Owner Occupied:

A) Rental Income with copies of Rental Agreement if a tenant resides in the property

B) Amount of Principal, Interest, Taxes, Insurance, and Home Owner Dues for Primary Residence

C) Primary Residence Address

Authorization to Provide and Release Information Allows Realtor or designee to discuss the account with Chase, if desired.Be sure to sign this form

Completed Request for Consideration of Short Sale Form (enclosed). Be sure to sign and date this form.

Completed 4506T-EZ Request for Transcript of Tax Return (enclosed.) Be sure to sign and date this form.

1A. FROM YOU, THE BORROWER AND CO-BORROWER

1B. FROM YOUR REAL ESTATE AGENT

Listing Agreement

Detailed Listing History (MLS Printout)

Sales / Purchase Contract (Signed Offer)

3 Comparable Active Listings/3 Comparable Sales/Pictures of the Property & Neighborhood

HUD (Estimated Closing Statement)


REQUIRED DOCUMENTATION CHECKLIST

Loan Number: _________________________

TO: Chase

DATE: _________________________________________________

BORROWER(S): _________________________________________________

PROPERTYADDRESS: _________________________________________________

_________________________________________________

I/(We), _______________________________________________________________________________(borrower(s) name(s)) , currently residing

at _______________________________________________________________________ in the County of _________________________________,

State of __________, hereby authorize Chase/JPMorgan Chase Bank, N.A (collectively Chase) to release, furnish, and provide any

information related to my mortgage under loan number _____________________________________________________________________ to:

Company Name: __________________________________________________________________________________________________________

Company Phone Number: __________________________________________________________________________________________________

Fax Number: ______________________________________________________________________________________________________________

I UNDERSTANDTHATTHISAUTHORIZATION ISVALIDUNTIL SUCHTIMETHATCHASECONFIRMS IT HAS RECEIVEDWRITTEN NOTICE FROM ME

REVOKINGTHIS PRIORAGREEMENT.

____________________________________________ ____________________________________________Borrower Signature Co-borrower Signature

____________________________________________ ____________________________________________Borrower Name (Printed) Co-borrower Name (Printed)


AUTHORIZATIONTO PROVIDE AND RELEASE INFORMATION

Loan Number: _________________________


REQUEST FOR CONSIDERATION OF SHORT SALE FORM

Servicer: _________________________________________________________

BBOORRRROOWWEERR

Borrowers name

Social Security Datenumber of Birth

Home phone number with area code

Cell or work number with area code

CCOO--BBOORRRROOWWEERR

Co-borrowers name

Social Security Datenumber of Birth

Home phone number with area code

Cell or work number with area code

I want to: Keep the Property Sell the Property

The property is my: Primary Residence Second Home Investment

The property is: Owner Occupied Renter Occupied Vacant

Mailing address:

Property address (if same as mailing address, just write same): E-mail address:

Is the property listed for sale?: Yes NoHave you received an offer on the property?: Yes NoDate of Offer: ___________________ Amount of offer: _______________Agents Name: _________________________________________________Agents Phone Number: _________________________________________For Sale by Owner?: Yes No

Who pays the real estate tax bill on your property? I do Lender does Paid by condo or HOAAre the taxes current? Yes NoCondominium or HOA Fees? Yes No $ _________Paid to: _______________________________________________________

Have you filed for bankruptcy? Yes No If yes: Chapter 7 Chapter 13 Filing Date: _________________________Has your bankruptcy been discharged? Yes No Bankruptcy case number: ______________________________________

Additional Liens/Mortgages or Judgments on this property:

Lien holders Name/Servicer Balance Phone Number Loan Number

Loan Number: ___________________________________________________

HHAARRDDSSHHIIPP AAFFFFIIDDAAVVIITT

I (We) am/are requesting review under the Making Home Affordable program.I am having difficulty making my monthly payment because of financial difficulties created by (check all that apply):

My household income has been reduced. For example: underemployment, reduced pay or hours, decline in business earnings, death, disability or divorce of a borrower or co-borrower. My expenses have increased. For example: monthly mortgage payment reset, high medical or health care costs, uninsured losses, increased utilities or property taxes. My household income has been reduced due to unemployment.

Explanation (continue on back of page 3 if necessary):________________________________________________________________________________________________________________________________________________________________________________________________________________________

Have you contacted a credit-counseling agency for help? Yes NoIf yes, please complete the following:Counselors Name: _______________________________________________Agency Name: ___________________________________________________Counselors Phone Number: _______________________________________Counselors E-mail: ________________________________________________

Who pays the hazard insurance premium for your property? I do Lender does Paid by condo or HOAIs the policy current? Yes NoName of Insurance Co.: ___________________________________________Insurance Co. Phone Number: _____________________________________

My monthly debt payments are excessive and I am overextended with my creditors. Debt includes credit cards, home equity or other debt.

My cash reserves, including all liquid assets, are insufficient to maintain my current mortgage payment and cover basic living expenses at the same time.

Other:

8583C SSIP 09/28/11 Short Sale Information Packet Page 5 of 10


HHoouusseehhoolldd AAsssseettss

Checking Account(s) $

Checking Account(s) $

Savings/Money Market $

CDs $

Stocks/Bonds $

Other Cash on Hand $

Other Real Estate $(estimated value)

Other _________________ $

Other _________________ $

Do not include the value of life insurance orretirement plans when calculating assets (401k,pension funds, annuities, IRAs, Keogh plans, etc.)

Total Assets $

Loan Number: ______________________________

MMoonntthhllyy HHoouusseehhoolldd IInnccoommee

Monthly Gross Wages $

Overtime $

Child Support/Alimony/ $Separate Maintenance Income2

Social Security/SSDI $

Other monthly income $from pensions, annuities or retirement plans

Tips, commissions, bonus $and self-employed income

Rents Received $

Unemployment Income $

Food Stamps/Welfare $

Other (investment income, $royalties, interest, dividends, etc.)

Total Gross Income $

MMoonntthhllyy HHoouusseehhoolldd EExxppeennsseess//DDeebbtt

First Mortgage Payment $

Second Mortgage Payment $

Insurance $

Property Taxes $

Credit Cards/Installment $Loan(s) (total minimum payment per month)

Alimony, child support $payments

Net Rental Expenses $

HOA/Condo Fees/Property $Maintenance

Car Payments $

Other _________________ $______________________

Total Debt/Expenses $

IINNCCOOMMEE//EEXXPPEENNSSEESS FFOORR HHOOUUSSEEHHOOLLDD NNuummbbeerr ooff PPeeooppllee iinn HHoouusseehhoolldd::

IINNCCOOMMEE MMUUSSTT BBEE DDOOCCUUMMEENNTTEEDD1Include combined income and expenses from the borrower and co-borrower (if any). If you include income and expenses from a household member who is not

a borrower, please specify using the back of this form if necessary.2You are not required to disclose Child Support, Alimony or Separate Maintenance Income, unless you choose to have it considered by your servicer.

IINNFFOORRMMAATTIIOONN FFOORR GGOOVVEERRNNMMEENNTT MMOONNIITTOORRIINNGG PPUURRPPOOSSEESSThe following information is requested by the federal government in order to monitor compliance with federal statutes that prohibit discrimination in housing. Youare not required to furnish this information, but are encouraged to do so. The law provides that a lender or servicer may not discriminateeither on the basis of this information, or on whether you choose to furnish it. If you furnish the information, please provide both ethnicity and race.For race, you may check more than one designation. If you do not furnish ethnicity, race, or sex, the lender or servicer is required to note the information on thebasis of visual observation or surname if you have made this request for a loan modification in person. If you do not wish to furnish the information, pleasecheck the box below.

BORROWER I do not wish to furnish this information CO-BORROWER I do not wish to furnish this information

Ethnicity: Hispanic or Latino Not Hispanic or Latino

Ethnicity: Hispanic or Latino Not Hispanic or Latino

Race: American Indian or Alaska Native Asian Black or African American Native Hawaiian or Other Pacific Islander White

Race: American Indian or Alaska Native Asian Black or African American Native Hawaiian or Other Pacific Islander White

Sex: Female Male

Sex: Female Male

TToo bbee ccoommpplleetteedd bbyy iinntteerrvviieewweerrThis request was taken by: Interviewers Name (print or type) & ID Number Name/Address of Interviewers Employer

Face-to-face interview Interviewers Signature Date

Mail Telephone Interviewers Phone Number (include area code) Internet



Loan Number: _________________________

ACKNOWLEDGEMENT AND AGREEMENT

In making this request for consideration under the Making Home Affordable Program I certify under penalty of perjury:

1. That all of the information in this document is truthful and the event(s) identified on page 1 is/are the reason that I need torequest a modification of the terms of my mortgage loan, short sale or deed-in-lieu of foreclosure.

2. I understand that the Servicer, the U.S. Department of Treasury, or their agents may investigate the accuracy of mystatements and may require me to provide supporting documentation. I also understand that knowingly submitting falseinformation may violate Federal law.

3. I understand the Servicer will pull a current credit report on all borrowers obligated on the Note.

4. I understand that if I have intentionally defaulted on my existing mortgage, engaged in fraud or misrepresented anyfact(s) in connection with this document, the Servicer may cancel any Agreement under Making Home Affordable andmay pursue foreclosure on my home.

5. That my property is owner-occupied; I have not received a condemnation notice; and there has been no change in the ownership of the Property since I signed the documents for my existing mortgage.

6. I am willing to provide all requested documents and to respond to all Servicer questions in a timely manner.

7. I understand that the Servicer will use the information in this document to evaluate my eligibility for a loan modification orshort sale or deed-in-lieu of foreclosure, but the Servicer is not obligated to offer me assistance based solely on thestatements in this document.

8. I am willing to commit to credit counseling if it is determined that my financial hardship is related to excessive debt.

9. If I was discharged in a Chapter 7 bankruptcy proceeding subsequent to the execution of the Loan Documents, or amcurrently entitled to the protections of any automatic stay in bankruptcy, I acknowledge that Servicer is providing theinformation about the Making Home Affordable program at my request and for informational purposes, and not as anattempt to impose personal liability for the debt evidenced by the Note.

10. I understand that the Servicer will collect and record personal information, including, but not limited to, my name, address,telephone number, social security number, credit score, income, payment history, government monitoring information, and information about account balances and activity. I understand and consent to the disclosure of my personal information and the terms of Making Home Affordable Agreement by Servicer to (a) the U.S. Department of the Treasury; (b) Fannie Mae and Freddie Mac in connection with their responsibilities under the Homeowner Affordability and Stability Plan; (c) any investor, insurer, guarantor or servicer that owns, insures, guarantees or services my first lien or subordinate lien (if applicable) mortgage loan(s); (d) companies that perform support services in conjunction with Making Home Affordable; and (e) any HUD certified housing counselor.

11. I understand that if Servicer offers me a trial period plan under the Making Home Affordable Program, and I fail to accept or complete the trial plan for any reason, including, for example, declining the trial plan offer, failing to accept the trial plan offer, failing to make trial plan payments in a timely manner, or failing to accept a final modification at the end of the trial period, I may permanently lose eligibility for a modification under the Making Home Affordable Program and any other modification program offered by Servicer.



Loan Number: _________________________

BORROWER SIGNATURE

CO-BORROWER SIGNATURE

Date: / /

Date: / /

HOMEOWNERS HOTLINE

If you have questions about this document or the modification process, please call your Servicer.If you have questions about the program that your Servicer cannot answer or need further counseling,

you can call the Homeowners HOPETM Hotline at 1-888-995-HOPE (4673). The Hotline can help answer questions about the program and offers free HUD-certified counseling services in English and Spanish.

888-995-HOPE

Homeowners HOPE

TM Hotline

TM

NOTICE TO BORROWERS

Be advised that by signing this document you understand that any documents and information you submit to your Servicer in connection with the Making Home AffordableProgram are under penalty of perjury. Any misstatement of material fact made in the completion of these documents including by not limited to misstatement regardingthe occupancy in your home, hardship circumstances, and/or income, expenses, or assets will subject you to potential criminal investigation and prosecution for the followingcrimes: perjury, false statements, mail fraud, and wire fraud. The information contained in these documents is subject to examination and verification. Any potentialmisrepresentation will be referred to the appropriate law enforcement authority for investigation and prosecution. By signing this document, you certify, represent and agreethat: Under penalty of perjury, all documents and information I have provided to Lender in connection with the Making Home AffordableProgram, including the documents and information regarding my eligibility for the program, are true and correct.

If you are aware of fraud, waste, abuse mismanagement or misrepresentation affiliated with the Troubled Asset Relief Program, pleasecontact the SIGTARP Hotline by calling 1-877-SIG-2009 (toll-free), 202-622-4559 (fax), or www.sigtarp.gov. Mail can be sent to HotlineOffice of the Special Inspector General for Troubled Asset Relief Program, 1801 L St. NW, Washington, DC 20220.


Form 4506T-EZ(Rev. January 2011)

Department of the Treasury Internal Revenue Service

Short Form Request for Individual Tax Return Transcript

Request may not be processed if the form is incomplete or illegible.

OMB No. 1545-2154

Tip. Use Form 4506T-EZ to order a 1040 series tax return transcript free of charge, or you can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on Order a Transcript or call 1-800-908-9946.

1a Name shown on tax return. If a joint return, enter the name shown first. 1b First social security number or individual taxpayer identification number on tax return

2a If a joint return, enter spouses name shown on tax return. 2b Second social security number or individual taxpayer identification number if joint tax return

3 Current name, address (including apt., room, or suite no.), city, state, and ZIP code (See instructions)

4 Previous address shown on the last return filed if different from line 3 (See instructions)

5 If the transcript is to be mailed to a third party (such as a mortgage company), enter the third partys name, address, and telephone number. The IRS has no control over what the third party does with the tax information.

Third party name Telephone number

Address (including apt., room, or suite no.), city, state, and ZIP code

6 Year(s) requested. Enter the year(s) of the return transcript you are requesting (for example, 2008). Most requests will be processed within 10 business days.

Caution. If the transcript is being mailed to a third party, ensure that you have filled in line 6 before signing. Sign and date the form once you have filled in line 6. Completing these steps helps to protect your privacy.

Note. If the IRS is unable to locate a return that matches the taxpayer identity information provided above, or if IRS records indicate that the return has not been filed, the IRS may notify you or the third party that it was unable to locate a return, or that a return was not filed, whichever is applicable.

Signature of taxpayer(s). I declare that I am the taxpayer whose name is shown on either line 1a or 2a. If the request applies to a joint return, either husband or wife must sign. Note. For transcripts being sent to a third party, this form must be received within 120 days of signature date.

Sign Here

Signature (see instructions) Date

Telephone number of taxpayer on line 1a or 2a

Spouses signature Date

For Privacy Act and Paperwork Reduction Act Notice, see page 2. Cat. No. 54185S Form 4506T-EZ (Rev. 01-2011)

2009 2010

Overnight Mail:Regular Mail: Telephone number:


Form 4506T-EZ (Rev. 01-2011) Page 2

Purpose of form. Individuals can use Form 4506T-EZ to request a tax return transcript for the current and the prior three years that includes most lines of the original tax return. The tax return transcript will not show payments, penalty assessments, or adjustments made to the originally filed return. You can also designate a third party (such as a mortgage company) to receive a transcript on line 5. Form 4506T-EZ cannot be used by taxpayers who file Form 1040 based on a fiscal tax year (that is, a tax year beginning in one calendar year and ending in the following year). Taxpayers using a fiscal tax year must file Form 4506-T, Request for Transcript of Tax Return, to request a return transcript.

Use Form 4506-T to request the following.

(including estate and trust returns).

information on the financial status of the account, such as payments made on the account, penalty assessments, and adjustments made by you or the IRS after the return was filed).

combination of line item information and later adjustments to the account.

from the IRS that you did not file a return for the year.

Form 4506-T can also be used for requesting tax return transcripts.

Automated transcript request. You can quickly request transcripts by using our automated self-help service tools. Please visit us at IRS.gov and click on Order a

Where to file. Mail or fax Form 4506T-EZ to the address below for the state you lived in when that return was filed.

If you are requesting more than one transcript or other product and the chart

send your request to the team based on the address of your most recent return.

If you filed an individual return and lived in:

Mail or fax to the Internal Revenue Service at:

Florida, Georgia

send your transcript requests to Kansas City, MO)

P.O. Box 47-421

Louisiana, Mississippi, Tennessee, Texas, a foreign country,

Puerto Rico, Guam, the Commonwealth of the Northern Mariana Islands, the

address

512-460-2272

Colorado, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Michigan, Minnesota, Montana, Nebraska, Nevada, New Mexico, North Dakota, Oklahoma, Oregon, South Dakota, Utah,

Connecticut, Delaware, District of Columbia, Maine, Maryland, Massachusetts, Missouri, New Hampshire, New

North Carolina, Ohio, Pennsylvania, Rhode Island, South

Stop 6705 P-6 Kansas City, MO

Line 1b. Enter your employer identification number (EIN) if your request relates to a business return. Otherwise, enter the first social security number (SSN) or your individual taxpayer identification number (ITIN) shown on the return. For example, if you are requesting Form 1040 that includes Schedule C (Form 1040), enter your SSN.

Line 3. Enter your current address. If you use a P.O. box, include it on this line.

Line 4. Enter the address shown on the last return filed if different from the address

Note. different and you have not changed your

Signature and date. Form 4506T-EZ must be signed and dated by the taxpayer listed on line 1a or 2a. If you completed line 5 requesting the information be sent to a third party, the IRS must receive Form 4506T-EZ within 120 days of the date signed by the taxpayer or it will be rejected.

Transcripts of jointly filed tax returns may be furnished to either spouse. Only one signature is required. Sign Form 4506T-EZ exactly as your name appeared on the original return. If you changed your name, also sign your current name.

Privacy Act and Paperwork Reduction Act Notice. this form to establish your right to gain access to the requested tax information under the Internal need this information to properly identify the tax information and respond to your

you to provide this information, including your SSN. If you do not provide this information, we may not be able to process your request. Providing false or fraudulent information may subject you to penalties.

Routine uses of this information include

civil and criminal litigation, and cities, states, the District of Columbia, and U.S. commonwealths and possessions for use

also disclose this information to other countries under a tax treaty, to federal and state agencies to enforce federal nontax criminal laws, or to federal law enforcement and intelligence agencies to combat terrorism.

You are not required to provide the information requested on a form that is

unless the form displays a valid OMB control number. Books or records relating to a form or its instructions must be retained as long as their contents may become material in the administration of any Internal Revenue law. Generally, tax returns and return information are

The time needed to complete and file Form 4506T-EZ will vary depending on individual circumstances. The estimated average time is: Learning about the law or the form, Preparing the form,

Copying, assembling, and sending the form to the IRS, 20 min.

If you have comments concerning the accuracy of these time estimates or suggestions for making Form 4506T-EZ simpler, we would be happy to hear from you. You can write to the Internal Revenue Service, Tax Products Coordinating

form to this address. Instead, see Where to file on this page.


_____________________________________________________ ________________________Borrower Signature Date

_____________________________________________________ ________________________Co-Borrower Signature Date



Dodd-Frank Certification

The following information is requested by the federal government in accordance with the Dodd-Frank WallStreet Reform and Consumer Protection Act (Pub. L. 111-203). You are required to furnish this information. Thelaw provides that no person shall be eligible to begin receiving assistance from the Making Home AffordableProgram, authorized under the Emergency Economic Stabilization Act of 2008 (12 U.S.C. 5201 et seq.), or anyother mortgage assistance program authorized or funded by that Act, if such person, in connection with amortgage or real estate transaction, has been convicted, within the last 10 years, of any one of the following:(A) felony larceny, theft, fraud, or forgery, (B) money laundering or (C) tax evasion.

I/we certify under penalty of perjury that I/we have not been convicted within the last 10 years of any oneof the following in connection with a mortgage or real estate transaction:

(a) felony larceny, theft, fraud, or forgery,(b) money laundering or(c) tax evasion.

I/we understand that the servicer, the U.S. Department of the Treasury, or their agents may investigate theaccuracy of my statements by performing routine background checks, including automated searches of federal,state and county databases, to confirm that I/we have not been convicted of such crimes. I/we also understandthat knowingly submitting false information may violate Federal law.

This Certificate is effective on the earlier of the date listed below or the date received by your servicer.

Servicer: ______________________________________________ Loan Number: ___________________________________

LMO-503-3-042011

Short Sale Purchase Contract Addendum

Dated: ____________________

Bank of America 1st Loan#________________ Bank of America 2nd Loan#_____________

Seller: ___________________________ Seller: ___________________________ Seller: ___________________________ Seller: ___________________________

Buyer: ___________________________ Buyer: ___________________________ Buyer: ___________________________ Buyer: ___________________________

This Addendum to Purchase Contract is entered into and is effective as of ___/___/___ by and between, Seller(s), Buyer(s) Seller(s) Broker/Agent and Buyer(s) Broker/Agent(hereinafter referred to as the Parties) and shall be deemed to amend, modify and supplement that certain Contract Dated ___/___/___ by and between Seller(s) and Buyer(s) (the Purchase Contract). NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Short Sale Purchase Contract Addendum and of the representations, warranties, conditions and promises hereinafter acknowledged, Sellers, Buyers and Broker hereby agree as follows:

1. The Parties acknowledge and agree that the Subject Property is being sold in as is condition. 2. The parties acknowledge and agree that the Seller may cancel this agreement prior to the ending date of the

contract period without advanced notice to the broker, and without payment of a commission of any other consideration, if the property is conveyed via foreclosure to the mortgage insurer or the mortgage holder.

3. The Parties acknowledge and agree that the Subject Property must be sold through an Arms Length Transaction. Arms Length means two unrelated parties characterized by a selling price and other terms and conditions that would prevail in a typical real estate sales transaction. No party to this contract is a family member, related by blood or marriage, business associate, or shares a business interest with the mortgagor (Sellers).

4. The Parties acknowledge and agree that neither the Buyers, or Sellers, nor their respective Brokers/Agents have any agreements written or oral that will permit the Seller or the Sellers family member to remain in the property as renters or regain ownership of said property at any time after the execution of the Short Sale transaction. This includes if the seller is retaining a direct or indirect ownership or possessory interest in the property, and/or have a formal or informal option to obtain such as interest in the future.

5. Seller agrees to vacate the subject property within _____ days PRIOR TO closing of the transaction OR Seller agrees to vacate the subject property within ____ days after closing subject to terms as shown on the purchase contract.

6. The Parties acknowledge and agree that none of the parties shall receive any proceeds from this transaction except approved sales commissions.

7. The Parties acknowledge and agree the purchase contract cannot have any provisions for Assignment / Assignee and / or Option to purchase. Bank of America will NOT approve any transactions with these sales contract provisions and any such provisions are expressly deemed unapproved.

8. Buyer agrees that property cannot be sold or otherwise transferred within 30 days of closing;. 9. The Parties acknowledge and agree that upon Bank of Americas request the Parties shall provide all material

documents involved in the short payoff transaction, including but not limited to, the Buyer(s) and Seller(s) HUD-1 Settlement Statements.

10. The Parties acknowledge and agree that this Short Sale transaction will not constitute appraisal fraud, flipping, identity theft and/or straw buying.

11. The Parties acknowledge and agree that any misrepresentation or deliberate omission of fact that would induce the Bank of America, Investor or a Mortgage Insurer to agree to the terms of a short payoff which would not have been approved had all facts been known, constitutes Short Sale Fraud and may subject the responsible Party to civil and/or criminal liability.

12. The Parties acknowledge and agree that this Addendum together with the Sales Contract shall constitute the entire and sole agreement between the Parties with respect to the Sale of the Subject property and supersede any prior agreements, negotiations, understandings, optional contracts, or other matters whether oral or written, with respect to the subject matter hereof. To the extent that any term or condition contained within the Short Sale Contract is contradictory or inconsistent with this Addendum, the Parties agree that this Addendum shall supersede. No alternations, modifications, or waiver of any provision hereof shall be valid unless in writing and signed by Parties, FHA, VA, government agencies, any Investor, and/or mortgage holder, hereto.

IN WITNESS WHEREOF, the parties hereby have acknowleged the terms and conditions contained in this Addendum as evidenced by the signatures appearing below; Seller:_____________________________________ Seller:_____________________________________ Seller:_____________________________________ Seller:______________________________________

Buyer:____________________________________________ Buyer:____________________________________________ Buyer:___________________________________________ Buyer:____________________________________________

LMO-503-3-042011

Real Estate Agent / Broker Listing Agent Certification

Subject to and including the terms and condition contained in the attached Short Sale Purchase Contract

Addendum Seller(s) Broker/Real Estate Agent________________________ and Buyer (s) Broker/Real Estate Agent ______________ (hereinafter referred to as Brokers) further acknowledge and agree as follows:

1. It is hereby acknowledged that Bank of America is not the property seller, but only the mortgage lien holder (s) who is approving the proposed sale for less that the balance owed to facilitate the Short Sale purchase transaction of above said property as an alternative to foreclosure. Bank of Americas approval includes approval of Broker Commissions, however such approvals is subject to the Short Sale successfully closing. However, if the approved Short Sale does not Close, all obligations to pay the Broker Commission are subject to the Listing/Buyer Agreement entered into by Brokers and the respective Seller and Buyer involved in the proposed short sale transaction.

2. Brokers hereby acknowledge and agree that Brokers are actively licensed and in good standing by the appropriate authority within the State that the property is listed for sale, or a licensed Attorney in good standing in the State where the property is listed for sale.

3. Sellers Broker acknowledge and agree that the subject property has been listed on the local Multiple Listing Service at fair market value to provide open market competitive bids to present to seller as per the terms of seller / agent listing agreement and that the marketing is in fact and in spirit seeking to maximize the selling price of the property.

4. Sellers Broker acknowledge that Seller has been presented with all offers to purchase home from this open market listing, and seller has selected the buyer of said transaction at the sales price terms disclosed and agreed to within the purchase contract.

5. Brokers acknowledge and agree that there are no agreements, understandings of contracts relating to the current sale or subsequent sale that have not been disclosed to property seller and Bank of America as the mo