As part of your evaluation process, your loan was reviewed for all options available to you at the time we received your required documents.

Size: px
Start display at page:

Download "As part of your evaluation process, your loan was reviewed for all options available to you at the time we received your required documents."

Transcription

1 C3_2182 TradSSApprLtr_ND /26/2013 Mail Stop TX Corporate Dr. Plano, TX Notice Date: August 28, 2014 Loan No.: Property Address: Sacramento, CA IMPORTANT MESSAGE ABOUT YOUR LOAN Based on thorough review of the information you provided and the valuation of your property, we are pleased to inform you that you are approved for a Traditional Short Sale,. As part of your evaluation process, your loan was reviewed for all options available to you at the time we received your required documents. Loan Modification: We did not evaluate you for a loan modification program because you indicated that you wanted to be reviewed for a short sale instead. If you still want to be evaluated for a loan modification, please contact us right away at Short Sale Customer Care at , Monday - Friday 8:00 am - 10:00 pm, Saturday 11:00 am - 4:00 pm Eastern. Home Affordable Foreclosure Alternatives (HAFA) Short Sale: You are not eligible for the Federal Government s HAFA Short Sale program for the following reason: Per the federal government s guidelines, your loan is not qualified for HAFA at this time because your loan is guaranteed and the guarantor is not participating in the HAFA Short Sale or HAFA Deed in Lieu of Foreclosure Program. Please read this letter carefully as it includes important information on the next steps you will need to take to successfully complete the short sale. WHAT THIS MEANS TO YOU Bank of America, N.A. and/or the investor on your loan and any mortgage insurers approve the short sale of your property (referenced above). This approval is only for the offer from the buyer referenced in this letter. You will need to provide a copy of this letter to the escrow and/or title agent handling the closing on the property, because we will not issue any additional statements. A short sale allows you to sell the property at fair market value, even if it s less than what you owe on the mortgage. When you sell your property for less than what you owe, a deficiency is created. A deficiency is the remaining balance between what you owe on the mortgage loan minus the amount received from the sale and any final payment we may require you to make prior to completing the short sale. Bank of America, N.A. and/or the investor on your loan and any mortgage insurers will require you to sign a promissory note for a portion of the outstanding mortgage in the form of a promissory note outlined in section 7 below. Bank of America, N.A. and/or the investor on your loan and any mortgage insurers will then forgive the remaining portion of the deficiency not included on the promissory note. This means you will not have to pay anything above and beyond what is on the promissory note and you will not need to pay this amount in the future, if you follow the terms and conditions of the short sale and the transaction is completed. You will be responsible to repay the amount indicated on the promissory note, unless otherwise prohibited by law.

2 If any portion of the deficiency is forgiven, you will not be required to repay this amount, and it will not be sold or transferred later to a third-party debt collector or debt buyer for collection. The estimated amount of your deficiency is $74, The estimated amount of this deficiency you will be responsible for is $0.00. These estimates represent the combined deficiency and remaining obligation for all of the loans. We are required by law to report any forgiven debt to the IRS. We estimate that we will report the following amount as debt forgiven to the IRS: $74, This may increase your income taxes. There are certain tax exemptions that might apply. We encourage you to seek the advice of a tax professional. You can also find more information at Please note that we are required by law to report the current status of your loan to the major credit reporting agencies. When the short sale has closed, we will notify the credit reporting agencies that the mortgage loan was paid in full for less than the full balance. For more information on credit, please visit CONDITIONS OF THE SHORT SALE APPROVAL Closing must take place and the appropriate amount of sales proceeds received by us in certified or otherwise immediately available funds no later than October 10, 2014 or this approval is void. By this date, we must also receive the final Settlement Statement, all of the other final approved documents, and no less than the full amount of the short sale proceeds specified below. If an extension is requested and approved, then per diem interest will be charged through the date of actual closing. Should the closing be delayed and the Investor/Insurer agree to an extension of the original closing date, you and you will be responsible for any per diem fees through the new date(s) of closing, foreclosure sale postponement fees and extension fees. You will be responsible for any additional costs or fees over the stated approved amounts. The approved buyer(s) is/are and the sales price for the property is $219, Another buyer cannot be substituted without the prior written approval of Bank of America, N.A.. The property is being sold in "AS IS" condition. No repairs will be made or be paid out of the proceeds, unless specifically stated otherwise. Closing costs have been negotiated and agreed upon with the authorized agent as of August 28, o Total Closing Costs not to exceed $20, o Maximum commission paid $13, o Maximum allowed to the subordinate lien holder $N/A o Maximum allowed to the additional subordinate lien holder $N/A o Maximum allowed for Homeowners Association (HOA) liens $N/A (if applicable) o Maximum allowed for repairs $N/A (if applicable) o Maximum allowed for termite inspection/repairs $N/A (if applicable) Any additional fees that were not approved on August 28, 2014 will not be covered by Bank of America, N.A. and become the sole responsibility of the agent, the buyer or you to pay at closing. Net proceeds to Bank of America, N.A. to be no less than: 1st Lien Loan Number Proceeds from Sale 198, Cash Contribution N/A Total Proceeds to Bank of America on HUD 198, Promissory Note N/A As stated above, you are to contribute $0.00, to assist in the closing of this transaction. This contribution will be in the form of: o PROMISSORY NOTE(s) (signed, notarized and returned at closing): 1st Lien Loan Number Promissory Note N/A If a promissory note(s) is required, it must be signed and uploaded into the Short

3 Sale Processing System at the close of escrow. It is the responsibility of the closing agent to ensure that the executed and notarized promissory note is returned to Bank of America, N.A.. If a promissory note(s) has already been signed and agreed to between you, investor and the mortgage insurance company, a signed certified copy must be provided to Bank of America, N.A. at the close of the short sale transaction. It is the responsibility of the closing agent to ensure that Bank of America, N.A. receives the copy. We will notify you of the new repayment terms for the amount needed at closing. If necessary, we may need to split the payment into separate promissory notes payable to us, the investor and/or the mortgage insurer on your loan. The combined amount of these separate notes will not be more than the total amount of the requested payment. If the short sale does not close, we will pursue all remedies under our existing note and mortgage. This offer is valid only if Bank of America, N.A. receives a properly executed and notarized promissory note, if applicable to this short sale. *** Sales proceeds will be returned if the note has not been received. This will result in a delay and/or possible cancellation of this short sale transaction. *** o CERTIFIED FUNDS CONTRIBUTION (due at closing): 1st Lien Loan Number Cash Contribution N/A As a condition of this approval, you are not responsible for a cash contribution. You will not receive any proceeds from this short sale transaction. If there are any remaining escrow funds or refunds, they will not be returned to you; they will be sent to Bank of America, N.A. to offset the loss. The enclosed Assignment of Unearned Premium Refund form is to be completed and uploaded along with the final settlement statement to the short sale processing system. There are to be no transfers of the property within 30 calendar days of the closing of this transaction. The property must be free and clear of liens and encumbrances other than those recognized and accounted for in the HUD-1 approval, on which this approval is based. Bank of America, N.A. requires this short sale transaction transferring ownership to the buyer named herein to be immediately recorded in public record within the applicable county where the property is located on the date which the transaction is consummated. Bank of America, N.A. does not charge the borrower for statement, demand, recording, and reconveyance fees on short payoff transactions. Do not include them in your settlement statement. Bank of America, N.A. prepares and records its own reconveyances. All funds must be wired. Any other form of payment of funds will be returned. Payoff funds must be received within 48 hours of the HUD-1 settlement date. Prior to releasing any funds to a subordinate mortgage or lienholder, the subordinate lienholder must submit in writing to Bank of America, N.A. that it will release you from all claims and liabilities relating to the subordinate lien in exchange for the agreed upon payoff amount. Bank of America, N.A. may ask the closing attorney or agent to confirm receipt of the written commitment or request a copy of the commitment prior to releasing any funds. Subordinate lienholders may not require contributions from either the real estate agent or borrower as a condition of releasing the lien and releasing the borrower from personal liability. The deed conveying the mortgaged premises to the purchaser must contain the following provision: Grantee herein is prohibited from conveying captioned property for any sales price for a period of 30 days from the date of this deed. After this 30 day period, grantee is further prohibited from conveying the property for a sales price greater than $262, until 90 days from the date of this deed. These restrictions shall run with the land and are not personal to the grantee. During the short sale process, servicing for this loan may be transferred to a different loan servicer. Servicing refers to collecting your principal, interest, and escrow payments, if any, as well as sending any monthly or annual statements, tracking account balances, and handling other aspects of your loan. We may assign, sell, or transfer the servicing of your loan while the loan is outstanding. You will be given advance notice before a transfer occurs. Depending on the status

4 of the short sale when the servicing of a loan is transferred, the new servicer may not be required to accept the terms and conditions of a short sale. The proposed transaction represents our attempt to reach a settlement of the defaulted mortgage. If the terms and conditions of the short sale approval are not met, we will cancel the approval of this offer and continue the foreclosure process as permitted by the mortgage documents and applicable law. We may terminate this agreement at any time and pursue the remaining amount due under the mortgage note and mortgage or deed of trust if we believe there has been: o Any fraud, misrepresentation, and/or material omission; o A material change to the terms of the short sale transaction or a different buyer; or o The transaction does not comply with our requirements, policies, or procedures. Fraud Prevention: Bank of America, N.A. is committed to taking the strongest action, including criminal referrals, against parties who, by their acts, victimize the selling homeowner, create an increased risk of loss to the bank, compromise federal foreclosure relief programs, or are acting outside of their applicable licensing requirements of good ethical conduct. Any party is encouraged to report any suspicious activity on this transaction to Bank of America, N.A. s mortgage fraud hotline at To ensure the privacy and protection of your information, please contact us at (or contact your Bank of America, N.A. rep ) to learn how you can securely confidential information to us. If you are entitled to receive any proceeds based on a claim for damage to the property under any policy of insurance, including homeowner's, lender-placed, casualty, fire, flood, etc., or if you are entitled to receive other miscellaneous proceeds, as that term is defined in the deed of trust/mortgage (which could include Community Development Block Grant Program (CDBG) funds), these proceeds must be disclosed before we will consider the request for short sale. If we receive a check for insurance or miscellaneous proceeds that were not previously disclosed, Bank of America, N.A. will have the right to keep the proceeds and apply them to Bank of America, N.A. s loss after the short sale. We similarly would have the right to claim the proceeds to offset our losses if they were not previously disclosed and they were sent directly to you. IMPORTANT INSTRUCTIONS FOR YOU AND YOUR AGENT 1. Please complete the enclosed Assignment of Unearned Premium and Important Notice Regarding Income Tax Reporting and provide this form to the closing agent by October 10, The escrow and/or title agent handling the closing on the property must upload a certified copy of the final estimated settlement statement to the short sale processing system 72 hours before closing. This is important because you cannot close without final approval of the closing costs. 3. Payoff funds must be wired (unless otherwise specified) and must be received within 48 hours of the HUD-1 settlement date, per the instructions below. Reference Loan No. Bank of America 275 Valencia Avenue Brea, CA MRC Acct # ABA Please note: Wire transfers must include the loan number, borrower s names and property address. If the funds cannot be properly identified, they will be returned. 4. A certified copy of the final HUD-1 settlement statement must be uploaded to the short sale processing system at the time of closing. We will record a lien release once the final transfer of title of the property is completed, if all of the terms and conditions of this approval are met. Bank of America, N.A. appreciates all your efforts and cooperation in this matter. If you feel there is additional information you would like to provide, or if you need additional information, please contact Short Sale Customer Care at , Monday through Friday 8:00 A.M. to 10:00 P.M. Eastern, and Saturday, 11:00 a.m. to 4:00 p.m. Eastern. You may also contact your Customer Relationship Manager, Kerry Curran, at , Monday Friday 9 a.m. to 10 p.m. Eastern. Please continue to work closely with your real estate agent to finalize your short sale. By signing below, I hereby acknowledge and agree to the terms stated in this letter agreement and understand that after the short payoff proceeds are applied to my loan balance, I will remain responsible

5 for the unpaid balance, unless agreed otherwise or prohibited by law. I also acknowledge that the status of my loan will be reported to the major credit reporting agencies as paid in full for less than the full balance. Seller Initials Seller Initials Printed Name Printed Name Signature Signature Date Date Notices of error, requests for information and qualified written requests (QWR, as defined in RESPA) must be sent to: Bank of America, N.A. Attn: Notice of Error & Request for Information P.O. Box Simi Valley, CA Bank of America, N.A. is required by law to inform you that this communication is from a debt collector. If you are currently in a bankruptcy proceeding, or have previously obtained a discharge of this debt under applicable bankruptcy law, this is not an attempt to collect, a demand for payment, or an attempt to impose personal liability for that debt. You are not obligated to discuss your home loan with us or enter into a loan-assistance program. You should consult with your bankruptcy attorney or other advisor about your legal rights and options. MILITARY PERSONNEL/SERVICEMEMBERS: If you or your spouse is a member of the military, please contact us immediately. The federal Servicemembers Civil Relief Act and comparable state laws afford significant protections and benefits to eligible military service personnel, including protections from foreclosure as well as interest rate relief. For additional information and to determine eligibility please contact our Military Assistance Team toll free at If you are calling from outside the U.S. please contact us at

6 ASSIGNMENT OF UNEARNED PREMIUM REFUND A short sale was completed on the property: 8888 Salmon Falls Drive, Sacramento, CA The transaction closed on October 10, I/We, the insured, hereby request cancellation of our hazard insurance (e.g. homeowners, flood, hail, windstorm, etc.) effective on the closing date. Please refund the unearned portion of the premium directly to: Bank of America, N.A. Mail Stop CA American St. Simi Valley, CA ATTENTION: Short Sale Customer Contact Department REFERENCE Account No: I/We, the insured, hereby relinquish any claim to these funds. Date Signed Signature Date Signed Important Notice to You Regarding Income Tax Reporting In order to provide you with the total interest you paid on your mortgage and/or reported to the IRS at year-end, Bank of America, N.A. will need your new mailing address. Please complete the information below. Current Mailing Address: New Mailing Address: Street: City: State: Zip: Telephone: ( ) -

These sample documents are for your reference only and are not to be filled out or submitted as originals.

These sample documents are for your reference only and are not to be filled out or submitted as originals. 9000 Southside Blvd Jacksonville, FL 32256 FL9-400-01-21 Phone: 1 (866) 413-3757 Email: jaxhelocshortsales@bankofamerica.com The following is a sample of the Home Equity Line of Credit (HELOC) Welcome

More information

Ocwen Loan Servicing, LLC HELPING HOMEOWNERS IS WHAT WE DO! WWW.OCWEN.COM

Ocwen Loan Servicing, LLC HELPING HOMEOWNERS IS WHAT WE DO! WWW.OCWEN.COM 12/20/11 Paula Bachaman (203) 548-9046 paula@propertychoicesllc.com Property Address: 1024 Lindley Street, Bridgeport, CT 06606 Borrower Name: Jacqueline Muniz Antonio Muniz RE: Short Sale Request Package

More information

Short Sale Seller Advisory

Short Sale Seller Advisory Short Sale Seller Advisory Short Sale Seller Advisory Recent economic challenges have resulted in many homeowners needing to sell their home but owing more on their home than the home is worth. This advisory

More information

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. SHORT SALE ADDENDUM

THIS FORM HAS IMPORTANT LEGAL CONSEQUENCES AND THE PARTIES SHOULD CONSULT LEGAL AND TAX OR OTHER COUNSEL BEFORE SIGNING. SHORT SALE ADDENDUM 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 The printed portions of this form, except differentiated additions,

More information

DISCOUNT PAYOFF AGREEMENT and RELEASE OF CLAIMS

DISCOUNT PAYOFF AGREEMENT and RELEASE OF CLAIMS July 7, 2011 DISCOUNT PAYOFF AGREEMENT and RELEASE OF CLAIMS Re: Dear: Loan Number: Property Address: Borrower(s): (Collectively, You, Your or the Borrower ) PRIOR TO PROCEEDING WITH THE SHORT SALE RESOLUTION,

More information

CitiMortgage Home Affordable Foreclosure Alternative (HAFA) Matrix

CitiMortgage Home Affordable Foreclosure Alternative (HAFA) Matrix CitiMortgage Home Affordable Foreclosure Alternative (HAFA) Matrix All servicers that have signed agreements with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable Modification

More information

Short sale guide. Your guide to the Wells Fargo Short Sale Process

Short sale guide. Your guide to the Wells Fargo Short Sale Process Short sale guide Your guide to the Wells Fargo Short Sale Process The Wells Fargo Short Sale Process We re pleased to have the opportunity to work with you on potential short sale properties. If you re

More information

Barbara W. Griest Trident Land Transfer Company

Barbara W. Griest Trident Land Transfer Company Barbara W. Griest Trident Land Transfer Company 1 Why learn about Short Sales & Foreclosures? Excellent opportunity to grow your real estate business! Changes in the Real Estate Market Declining Markets

More information

Bankruptcy and Short Sales

Bankruptcy and Short Sales Bankruptcy and Short Sales What agents need to know April 2013 Bankruptcy and Short Sales What happens to the short sale if the seller files for bankruptcy? Bank of America can review a short sale offer

More information

Green Tree Servicing LLC Attention: Central Recovery, T120 7360 S. Kyrene Road Tempe, AZ 85283-9814

Green Tree Servicing LLC Attention: Central Recovery, T120 7360 S. Kyrene Road Tempe, AZ 85283-9814 Customer Name: Co-Borrower Name: Address: City,State,Zip: Green Tree Servicing LLC Attention: Central Recovery, T120 7360 S. Kyrene Road Tempe, AZ 85283-9814 RE: Account # Prop. Addr: Fax #: Short Sale

More information

HECM Short Sale Packet

HECM Short Sale Packet Thank you for contacting Financial Freedom, a division of CIT Bank, N.A. ( Financial Freedom ) regarding a potential short sale. All of the guidelines and requirements needed to submit a complete short

More information

Seller FAQs. If your question is not addressed in this document, please call us at 410-779-1000 and one of our Client Coordinators will assist you.

Seller FAQs. If your question is not addressed in this document, please call us at 410-779-1000 and one of our Client Coordinators will assist you. Seller FAQs You re thinking about a short sale, but want to know more about them. We ve compiled a list of commonly asked questions from sellers just like you. Please read through this document to answer

More information

Do You HAFA? The HAFA Short Sale Program under Making Home Affordable 2

Do You HAFA? The HAFA Short Sale Program under Making Home Affordable 2 Table of Contents Do You HAFA? The HAFA Short Sale Program under Making Home Affordable 2 INTRODUCTION 2 Overview: Making Home Affordable ( MHA ) 2 HOME AFFORDABLE FORECLOSURE ALTERNATIVES PROGRAM ( HAFA

More information

Glossary of Foreclosure Fairness Mediation Terminology

Glossary of Foreclosure Fairness Mediation Terminology Glossary of Foreclosure Fairness Mediation Terminology Adjustable-Rate Mortgage (ARM) Mortgage repaid at the rate of interest that increases or decreases over the life of the loan based on market conditions.

More information

Information & Instructions: HUD 1 Settlement closing statement PREVIEW

Information & Instructions: HUD 1 Settlement closing statement PREVIEW Information & Instructions: HUD 1 Settlement closing statement 1. Section 5 of the Real Estate Settlement Procedures Act of 1974 (Public Law 93-533), effective on June 30, 1976 (RESPA), requires certain

More information

Retirement Account i. i Real Estate BUYING REAL ESTATE

Retirement Account i. i Real Estate BUYING REAL ESTATE BUYING REAL ESTATE To assist you with your Real Estate purchase, Trust Company () has compiled the following list of things that you should be aware of that may delay processing or could cause your request

More information

Page 1 of 9 Home > Legal > Tax Folder > Taxation of Foreclosures and Short Sales Taxation of Foreclosures and Short Sales find the article at: "http://www.car.org/legal/taxfolder/taxation-foreclosures-shortsales/"

More information

HAFA Short Sales, US Treasury, Fannie Mae & Freddie Mac Programs. Learning Objectives

HAFA Short Sales, US Treasury, Fannie Mae & Freddie Mac Programs. Learning Objectives HAFA Short Sales, US Treasury, Fannie Mae & Freddie Mac Programs Learning Objectives Module 1: HARP, HAMP & HAFA Overview Upon completion of Module 1 the student will be able to: Explain the advantages

More information

Lesson 15: Closing Real Estate Transactions

Lesson 15: Closing Real Estate Transactions 1 Real Estate Principles of Georgia Lesson 15: Closing Real Estate Transactions 2 Closing Closing: Final stage in real estate transaction. Also called settlement. Buyer pays seller; seller transfers title

More information

Welcome to our Reverse Mortgage Servicing Department

Welcome to our Reverse Mortgage Servicing Department Welcome to our Reverse Mortgage Servicing Department New Loan Reference Booklet Reverse Mortgage Frequently Asked Questions 1. HOW CAN I REQUEST FUNDS FROM MY LINE OF CREDIT? If you selected a line of

More information

Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of

Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage (Security Instrument) is given on (date). The Mortgagor is (Name), of Home Equity Conversion Mortgage (Reverse Mortgage) This Mortgage ("Security Instrument") is given on (date). The Mortgagor is (Name), of (street address, city, county, state, zip code), hereafter called

More information

MIDLAND TITLE AND ESCROW SHORT SALE PROGRAM

MIDLAND TITLE AND ESCROW SHORT SALE PROGRAM MIDLAND TITLE AND ESCROW SHORT SALE PROGRAM Please contract Neal Mahoney or Debbie Petersheim for additional information. Neal Mahoney 419-720-1928 Mahoney@midlandtoledo.com Debbie Petersheim 419-466-6724

More information

Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix

Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix If you do not qualify for the Home Affordable Modification Program (HAMP) or other modification programs that we offer, you will be

More information

Chicago Title Insurance Company

Chicago Title Insurance Company Short Sale Processing Document Check List Letter of Authorization & Release Client Information Form Hardship Letter (must be signed and dated) Financial Statement (Profit & Loss Statement or Budget must

More information

Tips for Efficient Short Sales

Tips for Efficient Short Sales s for Efficient Short Sales A guide for real estate professionals November 2013 s to avoid delays 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Get educated about Bank of America short sales Set expectations: short

More information

Review and Approvals. 2 Short Sales. 3 Short Sales. 4 Short Sales. 5 Short Sales. 6 Short Sale is approved! Now what? 7 What s the next step?

Review and Approvals. 2 Short Sales. 3 Short Sales. 4 Short Sales. 5 Short Sales. 6 Short Sale is approved! Now what? 7 What s the next step? 2 Short Sales Review and Approvals Presented by: Kelly Ashton Underwriting Specialist 3 Short Sales A Short Sale occurs when the homeowner owes more on their mortgage than the price for which the property

More information

Retirement Account i $$ i Note Investments

Retirement Account i $$ i Note Investments NOTE INVESTMENTS To assist you with making a Secured (Deed of Trust, Mortgage, etc.) Note investment, Trust Company () has compiled the following list of things that you should be aware of that may delay

More information

Short Sales: Assessing Viability and Compiling the Package. Outline of Topics. Assessing Viability

Short Sales: Assessing Viability and Compiling the Package. Outline of Topics. Assessing Viability Short Sales: and Compiling the Package Presented by Karen G. Courtney Managing Attorney Short Sale Coordination Department Attorneys Title Guaranty Fund, Inc. Betsy Green Short Sale Coordinator Short Sale

More information

Will Lenders or Banks do short sales if the mortgage is current?

Will Lenders or Banks do short sales if the mortgage is current? Frequently Asked Questions FAQ What is a short sale? A short sale is when your Lien Holder(s) agree to accept less than you owe in order for you to sell your home. They agree to a discount of the mortgage

More information

Collection Escrow Instructions

Collection Escrow Instructions Collection Account No. Payee/Seller Name: Address: Telephone No. Email: To: Attn: Collection Escrow Instructions Escrow No. Obligor/Buyer Name: Address: Telephone No. Email: Pacific Trust Deed Servicing

More information

The Short Sale Process

The Short Sale Process Short Sale Solutions, LLC. 5755 Mark Dabling Boulevard, Suite 110 Colorado Springs, CO 80919 (719) 884-5314 The Short Sale Process Upfront non-refundable fee of $100. Call to lender to get necessary documentation

More information

Seneca Mortgage Servicing LLC Attn: Loss Draft Department P.O. Box 52009 Phoenix, AZ 85072. Re: Repair Process. Dear Borrower(s),

Seneca Mortgage Servicing LLC Attn: Loss Draft Department P.O. Box 52009 Phoenix, AZ 85072. Re: Repair Process. Dear Borrower(s), P.O. Box 52009 Phoenix, AZ 85072 Re: Repair Process Dear Borrower(s), Thank you for informing us of the damage to your property. We understand what a difficult time this is for you, and we would like to

More information

LOST NOTE BOND APPLICATION *CHECKLIST*

LOST NOTE BOND APPLICATION *CHECKLIST* Artisan Bonding & Insurance Services LLC 155 Rochester Street, Costa Mesa, CA 92627 Toll Free: 800-598-7535 Fax: 949-515-2984 Phone: 949-515-4194 www.artisanbonding.com LOST NOTE BOND APPLICATION CA License

More information

To see if you qualify for this program, send the items listed below to Northwest Savings Bank.

To see if you qualify for this program, send the items listed below to Northwest Savings Bank. COMPLETE YOUR CHECKLIST We need this information to help you modify your mortgage payment. To see if you qualify for this program, send the items listed below to Northwest Savings Bank. 1. The enclosed

More information

Been there. Done that. Lessons in Foreclosures and Short Sales from Nevada

Been there. Done that. Lessons in Foreclosures and Short Sales from Nevada Been there Done that Lessons in Foreclosures and Short Sales from Nevada Deanne M. Rymarowicz, Esq. General Counsel Greater Las Vegas Association of REALTORS Been There, Done That: Lessons in Foreclosures

More information

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS TDHCA FHA Streamline Refinance Program

TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS TDHCA FHA Streamline Refinance Program TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS TDHCA FHA Streamline Refinance Program FOR TMP 79 LOANS - SERVICER LOAN NUMBER FOR LOANS WITH MCC - MCC NUMBER NOTICE TO BUYERS Texas Department of Housing

More information

ESCROW ACCOUNT OPTION NOTICE TO BORROWER

ESCROW ACCOUNT OPTION NOTICE TO BORROWER ESCROW ACCOUNT OPTION NOTICE TO BORROWER The mortgage interest rate and discount points agreement which you are entering into with Mission Mortgage is based on the assumption that you will be making monthly

More information

Chapter 47. The Closing THE REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA)

Chapter 47. The Closing THE REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) Chapter 47 The Closing THE REAL ESTATE SETTLEMENT PROCEDURES ACT (RESPA) For federally related first mortgages to purchase one-to-four-family dwellings (i.e., almost all residential first mortgage loans

More information

PROPOSED REGULATION OF THE COMISSIONER OF MORTGAGE LENDING. LCB File No. R091-10

PROPOSED REGULATION OF THE COMISSIONER OF MORTGAGE LENDING. LCB File No. R091-10 PROPOSED REGULATION OF THE COMISSIONER OF MORTGAGE LENDING LCB File No. R091-10 NRS 645B MORTGAGE BROKERS EXPLANATION Matter in italics is new; matter in brackets [omitted material] is material to be omitted.

More information

Mortgage Forgiveness Debt Relief Act. Cancellation of Debt (COD) Income. Recourse Loan 10/6/2014. Consequences of the expiration of the act

Mortgage Forgiveness Debt Relief Act. Cancellation of Debt (COD) Income. Recourse Loan 10/6/2014. Consequences of the expiration of the act Mortgage Forgiveness Debt Relief Act Consequences of the expiration of the act Cancellation of Debt (COD) Income When a loan is forgiven without being paid back, COD Income is created. That amount is included

More information

Georgia 2013 Legislation as of March 14, 2013

Georgia 2013 Legislation as of March 14, 2013 Georgia 2013 Legislation as of March 14, 2013 The Regular 2013 Session for the Georgia General Assembly began in January 2013. Below are updates on the bills of importance to the default servicing community.

More information

GLOSSARY COMMONLY USED REAL ESTATE TERMS

GLOSSARY COMMONLY USED REAL ESTATE TERMS GLOSSARY COMMONLY USED REAL ESTATE TERMS Adjustable-Rate Mortgage (ARM): a mortgage loan with an interest rate that is subject to change and is not fixed at the same level for the life of the loan. These

More information

Supplemental Directive 09-09 Revised March 26, 2010. Home Affordable Foreclosure Alternatives Short Sale and Deed-in-Lieu of Foreclosure Update

Supplemental Directive 09-09 Revised March 26, 2010. Home Affordable Foreclosure Alternatives Short Sale and Deed-in-Lieu of Foreclosure Update Supplemental Directive 09-09 Revised March 26, 2010 Home Affordable Foreclosure Alternatives Short Sale and Deed-in-Lieu of Foreclosure Update Background In Supplemental Directive 09-01, the Treasury Department

More information

Summary of Borrower s Transaction Gross amount due from borrower 101. Contact Sales Price- The full purchase price as stated in the contract.

Summary of Borrower s Transaction Gross amount due from borrower 101. Contact Sales Price- The full purchase price as stated in the contract. 1 Your Guide to the Settlement Statement A real estate transaction involves a series of exchanges, not only between the buyer and seller, but also with the lenders, brokers, and state and local governments.

More information

Q. Under what circumstances wil my loan be cal ed due and payable? Q. What happens if one of the above occurs and my loan is cal ed due and payable?

Q. Under what circumstances wil my loan be cal ed due and payable? Q. What happens if one of the above occurs and my loan is cal ed due and payable? Financial Freedom, as servicer for your Home Equity Conversion Mortgage ( HECM or loan ), is required by the U.S. Department of Housing and Urban Development ( HUD ) to perform certain actions depending

More information

Agent s Short Sale Pre-Screening Checklist

Agent s Short Sale Pre-Screening Checklist Agent s Short Sale Pre-Screening Checklist Sellers Property Address Date: Short sale transactions can take a lot of time and effort. Pre-screening a prospective short sale listing is one of the best ways

More information

I. RETURN INTEGRITY & ACCURACY TO FORECLOSURE AND BANKRUPTCY PROCEEDINGS

I. RETURN INTEGRITY & ACCURACY TO FORECLOSURE AND BANKRUPTCY PROCEEDINGS I. RETURN INTEGRITY & ACCURACY TO FORECLOSURE AND BANKRUPTCY PROCEEDINGS A. Put an end to robosigning - signing affidavits filed with the court without personal knowledge. Affidavits/sworn statements utilized

More information

Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix

Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix Bank of America Home Affordable Foreclosure Alternative (HAFA) Matrix If you do not qualify for the Home Affordable Modification Program (HAMP) or other modification programs that we offer, you will be

More information

Updated March 2013 WHY SHOULD A BORROWER CONSIDER A HAFA SHORT SALE? ELIGIBILITY REQUIREMENTS

Updated March 2013 WHY SHOULD A BORROWER CONSIDER A HAFA SHORT SALE? ELIGIBILITY REQUIREMENTS CCO Mortgage, a Division of RBS Citizens NA Home Affordable Foreclosure Alternative (HAFA) Matrix All servicers that signed agreements with the U.S. Department of the Treasury (Treasury) to participate

More information

If this is a HAFA short sale: Please note that contributions are not be allowed in a HAFA short sale from the buyer; seller or agents.

If this is a HAFA short sale: Please note that contributions are not be allowed in a HAFA short sale from the buyer; seller or agents. All short sales are processed on Equator.com. Agents must be registered for short sales to be assigned to them. Required Document Checklist must be complete (all documents uploaded into Equator and labeled

More information

FORECLOSURE. I don t think I can make my mortgage payments but I don t want to go through a foreclosure. What are some of my options?

FORECLOSURE. I don t think I can make my mortgage payments but I don t want to go through a foreclosure. What are some of my options? FORECLOSURE When you borrow money to buy a house or land, the creditor usually takes a security interest in the property you buy. This means that if you don t pay, the creditor can foreclose upon (or take

More information

LOAN APPLICATION (VISA SELECT AND VISA PLATINUM)

LOAN APPLICATION (VISA SELECT AND VISA PLATINUM) LOAN APPLICATION (VISA SELECT AND VISA PLATINUM) Loan Type (e.g. vehicle, Visa, Agency Secured, etc.) Requested Loan Amount $ Variable Rate MARRIED APPLICANTS MAY APPLY FOR AN INDIVIDUAL ACCOUNT. Check

More information

HAFA Servicer Training 1

HAFA Servicer Training 1 Home Affordable Foreclosure Alternatives (HAFA) Training for Servicers Agenda HAFA Eligibility Criteria HAFA Policy HAFA Documentation Protections Against Unnecessary Foreclosure Resources What Is HAFA?

More information

What to Expect. During the Settlement Process

What to Expect. During the Settlement Process What to Expect During the Settlement Process Lindsey Birr Port Lawrence Title 419-202-0692/lbirr@firstam.com First American Title Insurance Company makes no express or implied warranty respecting the information

More information

Loan Closing. One right and honest definition of business is mutual helpfulness -William Feather

Loan Closing. One right and honest definition of business is mutual helpfulness -William Feather chapter 9 Loan Closing You ve waited and worked so hard and the big day is here at last. You ll sign lots of papers, hand over lots of money, and finally get the keys to your new home. Closing will complete

More information

LENDER: Please provide address to which signed documents are to be returned:

LENDER: Please provide address to which signed documents are to be returned: Loan/Lock Expires on Servicer Loan Number: TEXAS DEPARTMENT OF HOUSING AND COMMUNITY AFFAIRS TDHCA FHA Streamline Refinance Program TDHCA PRE-CLOSING LIST MORTGAGOR(S) LENDER NAME LENDER # CONTACT NAME

More information

What is a Short Sale?

What is a Short Sale? Richard P. Zaretsky, PA www.florida-counsel.com 561 689 6660 Miami Dade Seminar SHORT SALE AND LOAN MODIFICATION SOLUTIONS TODAY What is a Short Sale? Borrowing a security from a broker and selling it,

More information

Homeownership Preservation Toolkit

Homeownership Preservation Toolkit Homeownership Preservation Toolkit A guide to understanding and avoiding foreclosure Sponsored and Endorsed by Loveland Berthoud Association of REALTORS CONSUMER CREDIT COUNSELING SERVICE OF NORTHERN COLORADO

More information

(Space Above This Line For Recording Data) SECOND MORTGAGE

(Space Above This Line For Recording Data) SECOND MORTGAGE This document was prepared by: When recorded, please return to: Illinois Housing Development Authority 401 N. Michigan Avenue, Suite 700 Chicago, IL 60611 Attn: Home Ownership Programs (Space Above This

More information

Short Sale Package. www.titleassure.com

Short Sale Package. www.titleassure.com Short Sale Package www.titleassure.com Ph: 303.219.1459 Fx:303.997.1088 Table of Contents Approach 3 Submission-Approval Process 4 HAFA Provisions/Guidelines.5-7 Mortgage Debt Relief Act... 8-9 Short Sale

More information

Questions and Answers About Reverse Mortgages. If you have questions or need our help, call <8XX-XXX-XXXX>.

<Servicer Logo> Questions and Answers About Reverse Mortgages. If you have questions or need our help, call <8XX-XXX-XXXX>. Questions and Answers , If you have questions or need our help, call . What is a reverse mortgage? A reverse mortgage is a loan

More information

Mortgage Loan Information

Mortgage Loan Information Mortgage Loan Information Thank you for expressing an interest in your Credit Union s Mortgage loan programs. We look forward to being of service to you. Please take time to read over the following information

More information

MODEL SECOND MORTGAGE FORM ADJUSTABLE RATE (HOME EQUITY CONVERSION) [See Instructions Attached] [Space Above This Line For Recording Data]

MODEL SECOND MORTGAGE FORM ADJUSTABLE RATE (HOME EQUITY CONVERSION) [See Instructions Attached] [Space Above This Line For Recording Data] FHA Case No. MODEL SECOND MORTGAGE FORM ADJUSTABLE RATE (HOME EQUITY CONVERSION) [See Instructions Attached] [Space Above This Line For Recording Data] SECOND MORTGAGE THIS MORTGAGE ("Security Instrument"

More information

Wells Fargo Home Affordable Foreclosure Alternatives (HAFA) Matrix

Wells Fargo Home Affordable Foreclosure Alternatives (HAFA) Matrix Wells Fargo Home Affordable Foreclosure Alternatives (HAFA) Matrix All servicers that have signed agreements with the U.S. Department of the Treasury (Treasury) to participate in the Home Affordable Modification

More information

Case 1:14-cv-01028-RMC Document 65-8 Filed 09/30/14 Page 1 of 10 EXHIBIT G

Case 1:14-cv-01028-RMC Document 65-8 Filed 09/30/14 Page 1 of 10 EXHIBIT G Case 1:14-cv-01028-RMC Document 65-8 Filed 09/30/14 Page 1 of 10 EXHIBIT G Case 1:14-cv-01028-RMC Document 65-8 Filed 09/30/14 Page 2 of 10 STATE RELEASE I. Covered Conduct For purposes of this Release,

More information

Loss Mitigation Pre-Foreclosure Sale Request Instructions & Disclosures

Loss Mitigation Pre-Foreclosure Sale Request Instructions & Disclosures Loss Mitigation Pre-Foreclosure Sale Request Instructions & Disclosures Member Name: Loan Number: If you have received a valid, reasonable, offer to purchase your home prior to a foreclosure and you would

More information

EHLP Homeowner Post Closing Counseling Summary and Confirmation

EHLP Homeowner Post Closing Counseling Summary and Confirmation EHLP Homeowner Post Closing Counseling Summary and Confirmation NOTE: This form was updated and redesigned to be used for either 5b Post-Approval Counseling or for 5d Transition Counseling as applicable.

More information

A security deed is an absolute conveyance of title to land from borrower to lender that includes the following provisions:

A security deed is an absolute conveyance of title to land from borrower to lender that includes the following provisions: Chapter 39 The Security Deed and the Promissory Note SECURITY DEEDS A security deed (also known as a deed to secure debt, loan deed, or warranty deed to secure debt) is the most common form of securing

More information

Tips for Efficient Short Sales

Tips for Efficient Short Sales s for Efficient Short Sales A guide for real estate professionals October 2015 s to avoid delays 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. Get educated about Bank of America short sales Set expectations: short

More information

Short Sale Tax Forgiveness. Presenters: Matt Roberts, C.A.R. Federal Government Affairs Manager Sanjay Wagle, C.A.R. Senior Legal Counsel

Short Sale Tax Forgiveness. Presenters: Matt Roberts, C.A.R. Federal Government Affairs Manager Sanjay Wagle, C.A.R. Senior Legal Counsel Short Sale Tax Forgiveness Presenters: Matt Roberts, C.A.R. Federal Government Affairs Manager Sanjay Wagle, C.A.R. Senior Legal Counsel Background WHY WAS MORTGAGE DEBT RELIEF NEEDED? Response to growing

More information

You ve Applied For Your Mortgage. What Happens Next? A Simple Guide To Help You Through The Mortgage Process

You ve Applied For Your Mortgage. What Happens Next? A Simple Guide To Help You Through The Mortgage Process You ve Applied For Your Mortgage. What Happens Next? A Simple Guide To Help You Through The Mortgage Process Four Easy Steps You have found the right home at the right price in the right location. Now

More information

Presented by TREC Instructor: Laura Perry, Attorney TREC course: 7748

Presented by TREC Instructor: Laura Perry, Attorney TREC course: 7748 Presented by TREC Instructor: Laura Perry, Attorney TREC course: 7748 Comprehensive Outline Say Goodbye to the HUD1 and GFE on October 1 st, 2015 (or Hello Loan Estimate and Closing Disclosure) Opening

More information

BEFORE YOU INVEST IN A PROMISSORY NOTE SECURED BY AN INTEREST IN REAL PROPERTY, YOU SHOULD KNOW

BEFORE YOU INVEST IN A PROMISSORY NOTE SECURED BY AN INTEREST IN REAL PROPERTY, YOU SHOULD KNOW (At least 14-point bold type) MORTGAGE INVESTMENT DISCLOSURE FORM IMPORTANT: Pursuant to NRS 645B.185, each investor must sign and date a disclosure form before a mortgage broker or mortgage agent accepts

More information

1. Under an installment contract, the title to the property is held by the A) vendor. B) vendee. C) trustor. D) trustee.

1. Under an installment contract, the title to the property is held by the A) vendor. B) vendee. C) trustor. D) trustee. Name: Date: 1. Under an installment contract, the title to the property is held by the A) vendor. B) vendee. C) trustor. D) trustee. 2. Charging more interest than is legally allowed is known as A) escheat.

More information

Assembly Bill No. 284 Assemblymen Conklin, Horne; and Kirkpatrick

Assembly Bill No. 284 Assemblymen Conklin, Horne; and Kirkpatrick Assembly Bill No. 284 Assemblymen Conklin, Horne; and Kirkpatrick CHAPTER... AN ACT relating to real property; revising provisions governing the recording of assignments of mortgages and deeds of trust;

More information

Article 1 - Definitions

Article 1 - Definitions FHA Case No. HOME EQUITY CONVERSION MORTGAGE ADJUSTABLE RATE LOAN AGREEMENT THIS AGREEMENT is made this day of ( Borrower ) and ( Lender )., 20, among Article 1 - Definitions 1.1. Borrower is defined above.

More information

REQUIREMENTS LETTERS

REQUIREMENTS LETTERS REQUIREMENTS LETTERS 1) ASSUMPTION OF LOAN (Home Loans) 2) ASSUMPTION OF LOAN (Death of Sole Obligor) 3) ASSUMPTION OF LOAN (Business Loans) 4) SUBSTITUTION OF COLLATERAL 5) SUBORDINATION OF COLLATERAL

More information

VA Assumption Package With Release of Liability *Please Read Carefully*

VA Assumption Package With Release of Liability *Please Read Carefully* VA Assumption Package With Release of Liability *Please Read Carefully* The loan must be current PRIOR to the receipt of the Assumption Package. The assumption process will NOT begin until the below items

More information

SHORT SALES Frequently Asked Questions

SHORT SALES Frequently Asked Questions SHORT SALES Frequently Asked Questions This factsheet is provided for information purposes only. It is not a substitute for advice from legal, accounting, housing, or real estate professionals. Please

More information

PRE-FORECLOSURE SALE ADDENDUM (FHA-Insured Loan)

PRE-FORECLOSURE SALE ADDENDUM (FHA-Insured Loan) PRE-FORECLOSURE SALE ADDENDUM (FHA-Insured Loan) Borrower: Loan Number: Address of Property: Date of Purchase Contract: / / Please type or print the following information: Seller Name Buyer Name Seller

More information

September 20, 2002 Program Bulletin #2002-31. Independent Loan Purchase

September 20, 2002 Program Bulletin #2002-31. Independent Loan Purchase September 20, 2002 Program Bulletin #2002-31 To: CHFA Approved Lenders Independent Purchase This Program Bulletin announces that effective October 1, 2002, the first and second mortgages will no longer

More information

ASSOCIATED LICENSEE LOAN MODIFICATION CONSULTANT, FORECLOSURE CONSULTANT AND COVERED SERVICE PROVIDER APPLICATION FOR RENEWAL OF LICENSE AND CHECKLIST

ASSOCIATED LICENSEE LOAN MODIFICATION CONSULTANT, FORECLOSURE CONSULTANT AND COVERED SERVICE PROVIDER APPLICATION FOR RENEWAL OF LICENSE AND CHECKLIST STATE OF NEVADA DEPARTMENT OF BUSINESS AND INDUSTRY DIVISION OF MORTGAGE LENDING 1830 College Parkway, Suite 100 Carson City, NV 89706 (775) 684-7060 Fax (775) 684-7061 www.mld.nv.gov ASSOCIATED LICENSEE

More information

Servicing Guide Announcement SVC-2012-19

Servicing Guide Announcement SVC-2012-19 Servicing Guide Announcement SVC-2012-19 Standard Short Sale/HAFA II and Deed-in-Lieu of Foreclosure Requirements August 22, 2012 This Announcement introduces new requirements for the Fannie Mae short

More information

DEED OF TRUST NOTE SURPLUS CASH WITH CONTINGENT INTEREST. Crownsville, Maryland, 20

DEED OF TRUST NOTE SURPLUS CASH WITH CONTINGENT INTEREST. Crownsville, Maryland, 20 Project Name: Project Number: HOME/RHP DEED OF TRUST NOTE SURPLUS CASH WITH CONTINGENT INTEREST $ Crownsville, Maryland, 20 FOR VALUE RECEIVED,, a Maryland (the Borrower ), promises to pay to the order

More information

An Overview of Foreclosure

An Overview of Foreclosure An Overview of Foreclosure While the rising number of foreclosures is an alarming national trend, the real hardship is for any individual or family who knows the threat of foreclosure firsthand. Unfortunately,

More information

Presented by: Randy Roach of North American Realty of Nevada. A Guide To Understanding The Process

Presented by: Randy Roach of North American Realty of Nevada. A Guide To Understanding The Process Presented by: Randy Roach of North American Realty of Nevada A Guide To Understanding The Process What Is A Short Sale? It s a Real Estate transaction where two unique events must occur together. (1) Net

More information

First Central Credit Union Texas Equity Questionnaire

First Central Credit Union Texas Equity Questionnaire First Central Credit Union Texas Equity Questionnaire 1. Is your property within the limits of an incorporated city? 2. Is your property a rural homestead? A homestead is rural if it is not in a city or

More information

Enclosed, please find all we need to process your Short Sales accurately and efficiently. Close your files successfully in one place.

Enclosed, please find all we need to process your Short Sales accurately and efficiently. Close your files successfully in one place. Dear Listing Agent: Our team of professionals look forward to working with you in processing and negotiating your Short Sale listing. By turning over your short sale to us, you will be able to do what

More information

which has the address of ( Property Address )

which has the address of ( Property Address ) MODEL MORTGAGE FORM ADJUSTABLE RATE (HOME EQUITY CONVERSION) [See Instructions Attached] FHA Case No. [Space Above This Line For Recording Data] MORTGAGE THIS MORTGAGE ( Security Instrument ) is given

More information

MPF Xtra PFI Advisory

MPF Xtra PFI Advisory MPF Xtra PFI Advisory March 14, 2014 Special Attention: PFI MPF Program Management and Servicing Management Subject: Transfer of Servicing, Lender-Placed Insurance, Bankruptcy and Foreclosure Attorney

More information

[Space Above This Line For Recording Data] which has the address of

[Space Above This Line For Recording Data] which has the address of FORM 3C.8 HOME EQUITY CONVERSION: MODEL MORTGAGE FORM [Space Above This Line For Recording Data] State of [see note 1] MORTGAGE THIS MORTGAGE ( Security Instrument ) is given on, 20. The mortgagor is,

More information

Florida Foreclosure/Real Estate Law. E-Book. A Simple Guide to Florida Foreclosure/Real Estate Law. by: Florida Law Advisers, P.A.

Florida Foreclosure/Real Estate Law. E-Book. A Simple Guide to Florida Foreclosure/Real Estate Law. by: Florida Law Advisers, P.A. Florida Foreclosure/Real Estate Law E-Book A Simple Guide to Florida Foreclosure/Real Estate Law by: Florida Law Advisers, P.A. 1 Call: 800-990-7763 Web: www.floridalegaladvice.com TABLE OF CONTENTS INTRODUCTION...

More information

Commercial Loan Application (Guarantor)

Commercial Loan Application (Guarantor) Commercial Loan Application (Guarantor) Property Information and Purpose of Loan Subject Property Address (street, city, state & zip) Legal Description of Subject Property (attach description if necessary)

More information

Homeowner Assistance Form

Homeowner Assistance Form Mortgage loan number: I/We want to: Keep the property Sell the property The property is my/our: Primary residence Second home Investment property The property is: Owner occupied Renter occupied Vacant

More information

CITY OF PASSAIC DEPARTMENT OF COMMUNITY DEVELOPMENT 330 PASSAIC STREET PASSAIC, NEW JERSEY 07055

CITY OF PASSAIC DEPARTMENT OF COMMUNITY DEVELOPMENT 330 PASSAIC STREET PASSAIC, NEW JERSEY 07055 CASE NUMBER enter number (office use only) CITY OF PASSAIC DEPARTMENT OF COMMUNITY DEVELOPMENT 330 PASSAIC STREET PASSAIC, NEW JERSEY 07055 FIRST TIME HOMEBUYER ASSISTANCE PROGRAM AGREEMENT HUD # APPLICANT

More information

T E X A S Y O U N G L A W Y E R S A S S O C I A T I O N A N D T H E S T A T E B A R O F T E X A S FA CING

T E X A S Y O U N G L A W Y E R S A S S O C I A T I O N A N D T H E S T A T E B A R O F T E X A S FA CING T E X A S Y O U N G L A W Y E R S A S S O C I A T I O N A N D T H E S T A T E B A R O F T E X A S FA CING F ORECLOSURE FACING F O RECLOSURE "Facing Foreclosure" has been prepared as a public service by

More information

A. Confirm Buyer has been pre-qualified by a lender (If not, Buyer Agent will introduce lender) 2. How much was the buyer pre-qualified for?

A. Confirm Buyer has been pre-qualified by a lender (If not, Buyer Agent will introduce lender) 2. How much was the buyer pre-qualified for? Home Buying Process I. Interview A. Confirm Buyer has been pre-qualified by a lender (If not, Buyer Agent will introduce lender) 1. When was the buyer pre-qualified? 2. How much was the buyer pre-qualified

More information

The Homestead Act. Questions. and Answers. Massachusetts General Laws, Ch. 188, 1-10. William Francis Galvin Secretary of the Commonwealth

The Homestead Act. Questions. and Answers. Massachusetts General Laws, Ch. 188, 1-10. William Francis Galvin Secretary of the Commonwealth Questions and Answers The Homestead Act Massachusetts General Laws, Ch. 188, 1-10 William Francis Galvin Secretary of the Commonwealth updated 8/1/13 William Francis Galvin Secretary of the Commonwealth

More information

Frequently Asked Questions Short Sale Negotiators & Foreclosure Consultants

Frequently Asked Questions Short Sale Negotiators & Foreclosure Consultants ***These questions and answers represent a majority of the specific issues contained in the questions that were collected at the Fraud Symposium. The answers are a collaborative effort from DOJ, DCBS and

More information

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property

Appraisal A written analysis prepared by a qualified appraiser and estimating the value of a property REAL ESTATE BASICS Affordability Analysis An analysis of a buyer s ability to afford the purchase of a home, reviews income, liabilities, and available funds, and considers the type of mortgage a buyer

More information