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Short Sale Package Dear 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:

□ Borrower’s Authorization

o Complete the enclosed form with all requested information and sign & date o If any of your loans are with Countrywide or Bank of America, the additional Bank of America Authorization will need to be

completed as well.

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

□ Hardship Letter o A “Hardship Letter” is a brief letter written by you, the homeowner, that briefly describes the reason for your Short Sale situation

□ Paycheck Stubs/Statements o 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 Returns o Copy of 2 most recent tax returns (not W-2s) o Only need Form 1040 (2 pages, “the summary page of your taxes”)

□ Bank Statements o Last 3 months bank statements o Must include all pages of the bank statement o Must have your personal information printed on it (name, address, etc.)

□ Financial Statement/Budget o Complete the enclosed form and sign & date o 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 Disclaimer o Carefully read the enclosed form and sign & date

□ Loan Modification Waiver o Carefully read the enclosed form and sign & date

□ Authorization of Release o Carefully read the enclosed form, complete, sign & date

□ Seller Expectation Document o Carefully read the enclosed form and sign & date

□ Tenant Authorization o 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 Forms o 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. Bank of America/Countrywide – “Bank of America Authorization to Release Information” Wells Fargo/ASC – Listing Addendum & Contract Addendums

***Again, please make sure the information requested above is provided for each borrower who qualified for the original loan. ***Please send all information in one fax – do not send in multiple faxes and do not send incomplete packages Thank you, Group 46:10

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Borrower’s Authorization Form Phone 480-449-6642 Fax 866-936-2043

3920 S. Rural Rd., Suite 110, Tempe AZ 85282

I hereby authorize Group 46:10 and its agents, specifically Fred Weaver, Kevin Kauffman, Brian Weaver, Jamie Keeling, David Baird, Stephanie Wedlich, Alex Black, Lee Redding, Bret Cramer 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 al so understood that a photocopy of this form will also serve as authorization. Borrower Name Co-Borrower Name Property Address:

Borrower’s SSN: Co-Borrower’s SSN:

First Lenders Company Name: Phone #

Loan or Account Number for 1st Lender:

Second Lenders Company Name: Ph one #

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 aut horization does not exp ire – even if my l ender(s) have some ‘guideline’ that says the authorization must be signed and date d within the last sp ecific time pe riod (fo r e xample th e l ast 6 0 or 90 day ti me period) – th is a uthorization r enews automatically.

Borrower Signature Dat e Co-B orrower Signature Dat e

Explanation of Hardship

To Whom it May Concern:

I (We) , am/are requesting that my/our mortgage lender(s) review my/our financial situation.

Because of financial difficulties created by the following:

Abandonment of property Excessive Obligations Military Service

Busine ss Failure Frau d Payment Adjustment

Casualty Loss Illness in the Family Payment Dispute

Reduction of Income Illness of Borrower Property Problems

Death in Family Inability to Rent Property Title Problems

Death of Borrower Incarce ration Tran sferring Property

Job Transfer Marital/Divo rce Unem ployment

Because of this/these difficulties, and my inability to keep up on my monthly payments, I feel that a Short Sale on my home is my best and only option. I am truly sorry this has happened.

Thank you for your help, and consideration in this matter.

Signature and Date Signature and Date

Property Address:

City: State: Zip:

Borrower's Name:

Date of Birth: SSN:

Mailing Address:

Co Borrower's Name:

Date of Birth: SSN:

Mailing Address:

How Many People in your household including self?

Borrower 1 Borrower 2

OTHER:Monthly Rental IncomeMonthly Alimonly IncomeMonthly Child Support Income

TOTAL MONTHLY 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

Monthly Unemployment Income

-$

Monthly Employment IncomePay FrequencyMonthly Government Income

FINANCIAL ANALYSIS

Family Expenses:Church/CharityOther Monthly Contribution ExpensesTotal Contribution Expenses

Debt-Auto:Auto Pmt 1Auto Pmt 2Total Auto Pmts

Debt - Credit Card:CC Pmt 1CC Pmt 2CC Pmt 3CC Pmt 4Total Monthly CC Pmts:

Debt - Mortgages:1st Lien Residence2nd Lien ResidenceStudent Loan PmtsOther Monthly Loan PmtOther Monthly Loan 2 PmtTotal Monthly Loan Pmts:

ASSETSHomeChecking AccountTOTAL ASSETS

Total Expenses:Total DebtTotal Expenditures:Total Income:Montly Expense/Income Monthly Debt/Income

HOA Dues

MONTHLY EXPENSES

Auto MaintenanceFoodMedical/DentalAlimony/Child Support Paid

Natural GasElectricity

Home RepairsTaxes

Total Utiliites ExpensesOther Monthly Utiliites ExpensesSewer/WaterPhone/Internet

Union DuesParkingDry Cleaning Work Expenses:

Other Monthly Family ExpensesTuition/School Entertainment

Contributions:

Child Care

Auto Insurance

Home Expenses:

Total Family Expenses

Insurance:Total Work Expenses

Utilities:

Total Home ExpensesOther Monthly Home Expenses

Cable

Other Monthly Work Expenses

Total Insurance ExpensesOther Monthly Insurance ExpensesLife InsuranceHealth Insurance

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Group 46:10, LLC 3rd Party Short Sale Negotiation Agreement

3920 S. Rural Rd. Suite # 110 Tempe, AZ 85282

480-449-6642 Phone 866-936-2043 Fax

I, the undersigned, acknowledge t hat Gr oup 46:10, LLC i s n ot a l icensed re al est ate brokerage. G roup 46:10, L LC is a c ompany specializing in mitigating foreclosure losses. Group 46:10, LLC discloses that they are not attorneys or certified public accountants and I und erstand that I hav e b een ad vised to c onsult w ith a ny of thes e prof essionals wit h reg ard to an y spe cific 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, LLC will make every attempt to successfully negotiate the offer for Short S ale in order to save my home from foreclosure. In the e vent of a Short Sale on my property, I under stand there is no guarantee that the l ender beneficiary on my pr operty will approve a payment for less 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 that foreclosure is a possibility that I have been made aware of. Furthermore I understand that Group 46:10, LLC charges a one-time, up-front, non-refundable loss mitigation fee of :

1 Lien - $ 500 2 Liens - $ 750

due and payable the same date this a greement is si gned and entered into. This fee is n ot a listi ng fee as Group 46:10, LLC is not a real estate company or brokerage. This fee is simply a mitigation fee. I also understand agree that Group 46:10, LLC may charge miscellaneous mitigation/negotiation/processing fees to my lender(s) in an amount up to 6% of sales price. Group 46:10 shall never allow a closing to be hindered or interfered with over any additional fees they may get paid from Client/Seller’s 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 have additional recourse against me. This includes, but is not l imited, an agreement to sign and unsecured or s ecured promissory note or cash due at 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 agent, nor Group 46:10, LLC can promise how the le nder wil l ha ndle a ny de ficiency of the loan. I have been advised to se ek t he c ouncil of a qualified re al est ate attorney for this matter. ________________________________ _________ _________________ Name Date _________________________ ________________ _________________ Name Date

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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 with Group 46:10, I state that I am 100% committed to selling my home through a Short Sale. I understand that once I have hired Group 46:10 to complete my Short Sale, that it is not uncommon for my bank(s) to begin offering various loan modification 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 only interested in selling my home via a Short Sale. Borrower & Co Borrower Names:                        

Property Address: Signature Date Signature Date

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

Property Address:

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

HOA Name: HOA Phone:

HOA Payment: Paid:

Date last HOA Payment Made:

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

What is the Transfer Fee Disclosure Fee:

Additional Information:

Authorization of Release

I hereby request that you provide to the authorize d representatives of Group 46:10 with the following information regarding my loan for the property located at: Prop Address: Loan #

Investor Name: Investor File #:

Investor Phone: Fax:

Investor Physical Address:

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

Mortgage Insurance Company Name:

Furthermore, this Authorization of Release will a llow me to have access to any BPO’s or Appraisals tha t are done on my property.

I am hereb y officially requesting t hat you pro vide the au thorized associates of Group 46:1 0, as m y representatives, with a copy of an y BPOs or Apprai sals at the t ime they are de livered to th e bank. Additionally, this Authorization of Re lease 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 shortsaleapprovals@group4610.com 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

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Group 46:10 Short Sale Process and Seller Expectations

Thank you once again for choosing to work with Group 46:10. We know that this time can be very difficult on you. It is our objective to help you Short Sale y our home and move forward from t his period in y our l ife as quickly as p ossible. This doc ument was cr eated to inform you of how we process all of our Short Sale listings and the expectations that 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 and the expectations you will be held to. Who We Are We are th e premier Short Sale team i n the Phoenix metro area – w e specialize in helping homeowners that o we more against their home than it i s 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 S ale transactions. H omeowners h ire us because they understand the v alue that we offer. This v alue comes from our experience, results, and process. Experience As a team, we have over 10 years experience in negotiating and successfully closing Short Sales. We got our start negotiating Short Sales as investors and in recent years have begun negotiating fi les for Realtors and their clients. All of the Sh ort Sale negotiation is done “in-house.” We do not send any of our files to a 3rd party Negotiation Company. Results Nearly 95% of our business is currently Short Sa les. We have 100 list ings at any given moment. More than 90% of our S hort Sale listings successfully close. In 2008 and 2009 we c losed over 200 Short Sale transactions. While we wil l never guarantee that we can close every Short Sale (and we think you should be really leery of anyone that tells you they can), we strongly believe that if it is a deal that can be done, we will get it done! Process We believe that we have a Short Sale process that is unmatched in the industry. From our initial consultation with you all the way through and after the closing, we have a process in place that delivers results and aims to eliminate potential problems. Our process is actually pretty simple – it’s all the other Realtors Short Sale processes that are confusing and make no sense (we’re somewhat kidding). Here’s our process…

Prior to taking your Short Sale Listing, we collect the “Financial Package” from you w hich includes all of the info rmation your bank will request from us.

You list your home with your preferred Listing Agent and the day the home goes in MLS we se nd the Seller's Authorization Form to the bank. This document allows us to communicate with your bank 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 se nd to the b ank. We are l ooking for ONE qualified Buyer with an appropriate offer

price that has serious intentions on closing the transaction. If we have this, we will fully execute ONE contract to send to th e bank. 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.

Once an offer is received on your property, your Listing Agent will quickly review that offer with our team and then will contact

you and send you the offer that was received for your signature and initials. This offer wil l have been reviewed to ensure all terms will m eet the l enders’ r equirements. In so me cases a c ounter offer w ill b e generated t o ensure th e offer m eets all necessary terms. It is imperative that you send that contract back to your Listing Agent immediately, as the contract is time sensitive. If y ou have any questions r egarding t hat contract, p lease a ddress th ose w ith yo ur Listing Ag ent before signing

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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 ban k(s) will then do on e o r mo re valuations on th e ho me to identify what they think the home is worth. Once their

valuations are back, they’ll review the offer and all corresponding documentation, and finally issues their decision.

Once the bank accepts the terms of the offer, we’ll issue a document called the Agreement Notice – the notice to all parties that the Short Sale has been approved. In rare circumstances we will ne ed 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 Home Your home will be shown to both investors and traditional buyers through the MLS and many other websites. It is a requirement of ours that your home has a lockbox on it for easy showing access. Statistics have shown over and over again that homes with lockboxes on them sell much faster than those that are 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 showing condition and is available to be shown in an appropriate and timely manner. Our mutual goal is to get the highest and best offer in the shortest am ount of time. Whil e yo ur h ome is b eing s hown b y oth er R ealtors, p lease be sur e to di rect an y no n-property re lated questions 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 for the duration of the sa les process. Per th e Exclusive Right To Sell/Listing Agreement, it is the Sell er’s responsibility to keep all utilities on 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 Tenants On some occasions the homes that we list are tenant-occupied rather than owner-occupied. In t his situation, it is imperative that you are in f ull communication with your tenant. You r tenant must agree t o sign an agreement with you to vac ate t he property wit hin 2 weeks 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 lock-box on the property and a ny and a ll sh owings of t he pr operty wi th 1 h our advanced notice. We will not l ist a home if the te nant i s not cooperative 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 above and must be signed by you and your tenants prior to the listing of your home.

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Items in Home: We understand that there are items in your home you may not want to part with, however, there are several items in every home that are 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 Barbeques Outdoor Fireplaces

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 Homeowner’s Association(s) has 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 that 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 Us To 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 thr ough 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 team’s abilities to assist you at any time but ask that y ou use our online sys tem as much as possible as the m ajority o f our ti me is spent negotiating successful transactions with your lender(s). Please contact your Listing team if you have any questions around how to use the system. Communication from You If you r eceive any documentation i n t he m ail fr om y our bank(s) outside of a sta ndard co llection l etter, pl ease email or f ax u s this documentation as soon possible. Of specific interest to us is anything with a foreclosure sale date on it – especially if your home is in Pinal 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 contact from 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 do so and ask that you make this contact within 24 hours from the time we make the request.

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Short Sale Approval Once the offer has been approved by the lender(s), you will be notified through a document called the Agreement Notice that we can now proceed with c losing on the tra nsaction. Our st andard Short Sale Addendum that is included with every fully executed contract states that the close of escrow will take place 21 days from the date of l ender(s) approval. If you are still living in the home at this time, you must be prepared to move out before the closing. Closing Process After th e issuance of th e A greement Notice, the title company will contact you to sche dule a time to sign the o fficial se ller c losing documents. Our title officer is able to sign you at the main Driggs Title office at 1951 W Camelback Rd Suite 101 Phoenix AZ 85015 (19th Ave and Camelback). If you desire to be signed at a different location, there will be a $150 fee for a mobile signer to meet you at the location of your choice. Please note that there are no alternative closing arrangements that can be made. Please bring your I.D., all keys, garage door openers, and a good attitude with you to closing Your Future Financial Freedom Keep all documents pertaining to th is sale in a safe place. Please call us with your new forwarding address so we can keep in touch with you. Try n ot to incur any new debt and try to keep low balances on any credit cards you may ha ve. Maintain good consumer credit by not paying late on your currently active accounts. Pay your rent by c heck or some other way that c an be t racked to show evidence 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 that this decision may have been very difficult to come to. With that said, we would like to rem ind you that the whole purpose of this transaction i s to po sition yourself and your family in a better place; a p lace with a healthier financial future and one which allows security and freedom. We look forward to working with you toward a successful transaction! Best Regards, Fred Weaver & Kevin Kauffman

Group 46:10, LLC 3920 S. Rural Rd. Suite 110 Tempe, AZ 85282 info@group4610.com

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Seller Expectations Acknowledgement Form

I , 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 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 home after home is listed.

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

/ That I/we will contact Group 4 6:10 upon receipt of any communication from my le nder(s) with regards to anything other than standard collections.

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

/ In the event that I am asked by Gr oup 4 6:10 to co ntact my len der, I wil l d o so within 2 4 h ours 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 acc eptance of an offe r will be viewable by lo gging int o Group 46:10’s Sureclose Transaction Management System.

/ I certify that I have read and fully understand the entire Seller Expectation document. Seller’s Signature Dat e Seller’s Signature Dat e

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Tenant Authorization

I/we, as tenant(s) of property located at , have been made awar e that the abov e mentioned property is being listed for sale. I understand that a sign will be posted in the front yard, and that Realtors will be showing the home. Showing Instructions:

Realtors may call me to s how home, if I do not an swer the phone, they may leave a mess age and show the property using a lockbox put on home. Realtors may show between the hour s of ______ and ______ wit hout calling (usi ng lockbox). Other than these hours, they must call to arrange a time to show. Tenant Phone Number:

Furthermore, I agree that upon notif ication that the home will b e closing or that contract has been fully acce pted, I will have two (2) weeks to vacate the property in good condition. Tenant Date Tenant Date Owner Date

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Frequently Asked Questions Through-out the Process

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

calling y ou most fre quently while you ar e be hind on payments is th e Col lections 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 le tter in writing that requests your bank does not contact you by phone any longer, but instead only uses 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 g iven by phone r epresentatives s o please don’t ever be alarmed at wh at one r epresentative at a b ank s ays. Please trust tha t we will be in conversation with your bank(s) mu ltiple 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 am ount of certainty we can tell y ou that the Bank w ill extend/postpone the sale date as l ong as needed to r eview a good Short Sale offer – the k ey is getting an offer to them to review at le ast a week before the scheduled foreclosure sale date. We get numerous foreclosure sale dates extended or postponed every month so please don’t be alarmed over a sale date if we ar e 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 we’re 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 that 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 un-educated belief), al l short sale lenders do not pay 6% commission. While Fannie Mae has acknowledged they wil l pay 6 % commission, there are st ill many lenders today that will not pay more than 5 % (and others that w ill tell you t hey only pay 4 % - 4.5% commission). We only pay 2.5 % because we’re simply not wi lling to do all th e work involved in getting a short sale approved, and then only earn 2% or less commission.

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

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Copies of last 3 Pay Stubs I/We are unemployed or do not have Pay Stubs to provide. __________________________ ____ Borrower Signature Dat e ___________________________ ___ Co-Borrower Signature Dat e

Copies of last 3 months Bank Statements

I/We no longer have a bank account or are unable to provide Bank Statements. __________________________ ____ Borrower Signature Dat e ___________________________ ___ Co-Borrower Signature Dat e

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 Dat e ___________________________ ___ Co-Borrower Signature Dat e

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If any of your lenders are:

Bank Of America Countrywide Wells Fargo

America’s Servicing Company (ASC)

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

David Baird

Short Sale Contract Addendum

Dated: ___________________ Seller: Please Print: Seller: Please Print: Buyer: Please Print: Buyer: Please Print: Property Address: ___________________________________________________________________________________________ City, State, Zip Code: _________________________________________________________________________________________ This Addendum to Contract is entered into and is effective as of ___/___/____ by and between, Seller(s), Buyer(s) and Broker (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 “Contract”). NOW, THEREFORE, in consideration of the mutual benefits to be derived from this Short Sale Addendum and of the representations, warranties, conditions and promises hereinafter acknowledged, Sellers, Buyers and Broker hereby agree as follows: • The Parties acknowledge and agree that the Subject Property is being sold in “as is” condition. • The Parties acknowledge and agree that the Subject Property must be sold through an Arms Length Transaction—Mortgagors and mortgagees must adhere to ethical standards of conduct in their dealing with all parties involved in a Short Sale transaction. The Short Sale must be between two unrelated parties and be characterized by a selling price and other conditions that would prevail in a typical real estate sales transaction. No party to this contract is a family member, business associate, or shares a business interest with the mortgagor (Sellers). • Neither the Buyers, or Sellers, nor their Agents have any agreements written or implied that will allow the Seller to remain in the property as renters or regain ownership of said property at anytime after the execution of this Short Sale transaction. None of the parties shall receive any proceeds from this transaction except the approved sales commissions. • The Parties agree that this Short Sale transaction will not constitute appraisal fraud, flipping, identity theft and/or straw buying. • The Parties agree that the Seller may cancel this agreement prior to the ending date of the contract period without advance notice to the Broker, and without payment of a commission of any other consideration, if the property is conveyed to the mortgage insurer or the mortgage holder. • The Parties agree that the acceptance of the Short Sale is contingent upon the approval of FHA, VA government agencies, any Investor, and/or mortgage insurer or the mortgage holder. • The Parties agree that under no circumstances will the sales contract be assignable. • The Parties 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 superseded any prior agreements, negotiations, understandings, optional contracts, or other matters whether oral or written, with respect to the subject matter hereof. 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 insurer or mortgage holder, hereto. IN WITNESS WHEREOF, the Parties have executed this Addendum as of the date first written above. Seller: ___________________________________________________________________________ Date: ___________________ Seller: ___________________________________________________________________________ Date: ___________________ Buyer: ___________________________________________________________________________ Date: ___________________ Buyer: ___________________________________________________________________________ Date: ___________________ Broker/Realtor: ____________________________________________________________________ Date: ___________________ Broker/Realtor:____________________________________________________________________ Date: ____________________

Short Sale Listing Addendum

Listing Information:

(Date) (Loan Number)

Seller(s): Please Print:

Seller(s): Please Print

Property Address: _____________________________________ City, State, Zip Code:

Date of original listing agreement:

Listing Agent/Broker Name: (License Number)

� Property Condition: Property is being sold in an “as is” condition.

� Listing Agreement: "Seller may cancel this Agreement prior to the ending date of the listing period without advance notice to the Broker, and without payment of a commission or any other consideration if the property is conveyed to the mortgage insurer or the mortgage holder. The sale completion is subject to approval by the mortgagee.”

� Arms-Length Transaction – Mortgagors and mortgagees must adhere to ethical standards of conduct in their dealings with all parties involved in a Short Sale transaction. The Short Sale must be between two unrelated parties and be characterized by a selling price and other conditions that would prevail in a typical real estate sales transaction.

(Seller Signature) (Date)

(Seller Signature) (Date)

(Realtor / Broker Signature) (Date)