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Contract Information Final HUD-1 Figures

Buyer #1 Credits to Net


Buyer #2 Credits to Net
Buyer #3 Credits to Net
Purchase Price Credits to Net
Close of Escrow 2nd lien payoff
Next Pymt Due FHA Incentive Paid out
Closing Cost Credit
Comments for SCR-A Taxes
Taxes
Taxes
Taxes
Taxes
Seller Contribution
Commission
Escrow/Settlement Fee
Attorney Fee
Title Policy
Wire Fee
HOA Fees
HOA Fees
HOA Fees
Misc Fee ___________
Misc Fee ___________
Misc Fee ___________
Misc Fee ___________
Non Allowed _________
Non Allowed _________
Non Allowed _________
Non Allowed _________
Net Proceeds:
Homeowner qualifies for $1000
or $750
***File cannot close escrow prior to ________***
Appraised value:
Appraisal Date:
Appraisal Exp:
88% of Value:
ATP Exp:
David M. Carey
200,000.00
04/30/2012
04/01/2011
****Estimated Closing Date: 04/30/2012*****
***FHA SHORT SALE - SALES CONTRACT REVIEW -
APPROVED***
Required Net Tier: 86%
Required Net Proceeds: $184,900
Actual Net Proceeds: $180,600
Purchase Price: $200,000
Buyer(s): David M. Carey
ATP Exp Date: 05/25/2012
Agent/3rd Party Name: Kevin Lancaster
Agent/3rd Party Email:Kevin@kevinsellstheupstate.com
Approved Fees to be paid from Sales Proceeds:
Line 401: Contract Sales Price $200,000
Line 505: Seller's Pd CC $5,000 (Variance Approved)
Line 506: Seller Incentive $750
Line 511: County Taxes $400
Line 512: Assessments $100
Line 703: Commissions $12,000
Line 1101: Settlement fee $400
Line 1203: State tax/stamps $750
Line 1400: TL Settlement charges $13,150
Fees to be paid from seller incentive:
reduced to help increase Net Proceeds
0.00
0.00
0.00
0.00
0.00
750.00
5,000.00
400.00
100.00
750.00
0.00
0.00
0.00
12,000.00
400.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
180,600.00
1,000.00
215,000.00
01/03/2012
05/02/2012
189,200.00
05/25/2012
05/03/11

Bank of America
Bank of Opportunity 1515 W. 14
th
Street
Tempe, AZ 85281
To:
Email:
Todays Date:
Loan Number:
Property Address:
FHA Case Number:
This letter is to inform you that the sales contract has been accepted based on the current information our
office has received. The next step is to have the Final HUD-1 approved no more than 5 business days prior to
the scheduled closing. Final HUD approval and closing instructions will be provided at that time.

****IF YOU CLOSE WITHOUT FINAL HUD APPROVAL, THE FUNDS WILL BE RETURNED****

x Make sure the buyers closing instructions have been received by the title company prior to sending
any HUD-1. Estimated HUDs will not be reviewed.

x Once the HUD-1 has been approved, we will issue the demand letter, wiring instructions and
documents for the Seller to sign at closing. These documents are sent directly to the closing agent
ONLY.

**Approved Final HUD-1 and amount of funds received from wire must match**


-E-Mail is the best way to send documents-
- Please be sure to include the homeowners loan number on all correspondence.-




Thank you,


Kevin Lancaster
Kevin@kevinsellstheupstate.com
03/26/2012
185392080
509 Shadow Oaks Drive
Easley, SC 29642
461-4413276703
Gloria-Jane Lewis
Sales Contract Review
Pre-foreclosure Sale Program
U. S. Department of Housing
and Urban Development
Ollice ol Housing
Federal Housing Commissioner
OMB Approval No.25O2O4b4
(exp. O7/81/2OO9)
Public reporting burden lor this collection ol inlormation is estimated to average 9 minutes per response, including the time lor
reviewing instructions, searching existing data sources, gathering and maintaining the data needed, and completing and reviewing the collection ol
inlormation. This inlormation is required to obtain benelits. HUD may not collect this inlormation, and you are not required to complete this lorm,
unless it displays a currently valid OMB control number.
Section 2O4 ol the National Housing Act authorizes the Secretary to pay an insurance claim that bridges the gap between the lair market
value proceeds lrom the HUDapproved third party sale ol a property. The respondent s maybe lenders (mortgagee s), counselors and homeowners
who are attempting to sell their properties prior to loreclosure. The Privacy Act ol 1974 pledges assurances ol conlidentiality to respondents. HUD
generally discloses this data only in response to a Freedom ol Inlormation request.
Mortgagee Contact Person: Phone Number: Account/Control Number: FHA Case Number:
Homeowner Name(s):

Property Address:
Homeowner Name(s):
Date ol Sales Contract: Date contract Received by Mortgagee: Sales Agent and Firm: Phone Number: Sales Commission & Rate
Ollered By: Address:
listing Price:
$
Price Ollered:
$
Appraised Value:
$
Value:
$
Fstimated Net Sales
Proceeds:
$
Mortgagee (or HUD) Review of the Sales Contract
The Sales Contract ollered by the individuals listed above is:
Accepted
Rejected (list reasons below)
This Sales Contract is rejected lor the lollowing reasons(s):
________________________
Mortgagee Signature and Date
lorm HUD-90051 (Ob/2OO8)
rel. Handbook 488O.1
ol Appraised
Date:
88%
Six Percent (6%)
%
Gloria-Jane Lewis
904-218-0607 185392080 461-4413276703
Julie Clements
Samuel Clements V
509 Shadow Oaks Drive
Easley, SC 29642
03/05/2012
03/08/2012
Kevin Lancaster
864-485-9283 12,000.00 6
David M. Carey
215,000.00
200,000.00 215,000.00
189,200.00
180,600.00
Gloria-Jane Lewis
03/26/2012
2
Sales Contract Review Additional Information
Home Owner Name:
Loan Number:
Thanks & Best Regards,
FHA Negotiator
Please drop me an email if you have any questions,
LOAN SERVICE SPECIALIST
HUD has approved $ _____ for buyers closing cost credit.
*** Please note, these funds cannot be used for any portion of the buyer's down payment, nor can it be used to
pay for fees that HUD has deemed un-allowed. For example, third party negotiation fees, repairs or additional
realtor costs. The final HUD that is submitted for approval must show both buyer and seller costs. If a fee is
determined to be a non-allowed, you will be notified at that time, and final approval will be withheld until
corrections have been made. ***
Julie Clements
Samuel Clements V
185392080
****Estimated Closing Date: 04/30/2012*****
***FHA SHORT SALE - SALES CONTRACT REVIEW - APPROVED***
Required Net Tier: 86%
Required Net Proceeds: $184,900
Actual Net Proceeds: $180,600
Purchase Price: $200,000
Buyer(s): David M. Carey
ATP Exp Date: 05/25/2012
Agent/3rd Party Name: Kevin Lancaster
Agent/3rd Party Email:Kevin@kevinsellstheupstate.com
Approved Fees to be paid from Sales Proceeds:
Line 401: Contract Sales Price $200,000
Line 505: Seller's Pd CC $5,000 (Variance Approved)
Line 506: Seller Incentive $750
Line 511: County Taxes $400
Line 512: Assessments $100
Line 703: Commissions $12,000
Line 1101: Settlement fee $400
Line 1203: State tax/stamps $750
Line 1400: TL Settlement charges $13,150
5,000.00
Gloria-Jane Lewis