Jun 30 09 08:13a Fax Server GREEN AURORA SERVICES,lnc 6/30/2009 8:06:58 AM PAUl::: 1(773)7i 4-0502 p,2 Z/UU~ rax cerver TO : Greg COf1PANY : Homeco~ PUia.i1da1 .i\ G1i!AC Compo;'), JtJIl(:30, 2009 Note: Please ensnre tne closing Agent is previded with a c"PY oftlm le«er. CH1CAGO, 1L 60656 Re: Account Number. CHICAGO, lL 60656 Dear: KRYSTYFA WILCZEWSKA This letter will confirm our acceptance oflhe shoo: payotl'QII the above referenced property. We agree to accept the proceeds generated by the S 105,000.00 "as is condition" purchase as full and final sarisfaerion on the :ftrst mortgage indebtedness on the above referenced property. Thill agreement is subject to the following: •. Net preceeds to be no Jess than $92,008.96 " Any reduction in the approved dosing coot; must be added to the net proceeds. " SEllER TO NET ZERO. • The following closing C01Its have been approved and should no! exceed the given amount: attorney fees $1,000.00 title, recordiag, tax stamps $1,667,00 water een $150,00 condo estoppel $150.00 ROA dues $175,00 2nd half2008 taxes $1,182,21 2nd lien wi Harris BlIIIIc $1.000.00 2 agents @ 6% $6,300,00 pee-rated2009taxes $1,366.83 •• PROCEEDS IN CERTIFIED rosns l\flJST:BE LXPRESSED MAlLED TO: Homecomings Finaneia], Ltc Attn:: loss Mitigation/Chris Cordina 3451 Hammond Avenue WaterlOO, IA 5070;! Please inchldc the original executed Settlement Statement (BUD -1) along with the check. If you choose to pay via wire transfa-, all funds must be wired to: JP Morgan Chase BIlDk, NA :M:aitCode KYI - 7102 6108 Grade Lane Lousville, KY 40213 Building 7, Suite 109 ABAROll1ing 083000137 Account#8S070241 Beneficiary; rescap Wire transfer must:
Transcript
Jun 30 09 08:13aFax Server
GREEN AURORA SERVICES,lnc6/30/2009 8:06:58 AM PAUl:::
1(773)7i 4-0502 p,2Z/UU~ rax cerver
TO :Greg COf1PANY :
Homeco~ PUia.i1da1.i\ G1i!AC Compo;'),
JtJIl(:30, 2009 Note: Please ensnre tneclosing Agent is previdedwith a c"PY oftlm le«er.
CH1CAGO, 1L 60656
Re: Account Number.
CHICAGO, lL 60656Dear: KRYSTYFA WILCZEWSKA
This letter will confirm our acceptance oflhe shoo: payotl'QII the above referenced property. We agree to accept the proceedsgenerated by the S105,000.00 "as is condition" purchase as full and final sarisfaerion on the :ftrst mortgage indebtedness on theabove referenced property. Thill agreement is subject to the following:
•. Net preceeds to be no Jess than $92,008.96
" Any reduction in the approved dosing coot; must be added to the net proceeds.
" SEllER TO NET ZERO.• The following closing C01Its have been approved and should no! exceed the given amount:
attorney fees $1,000.00title, recordiag, tax stamps $1,667,00water een $150,00
condo estoppel $150.00
ROA dues $175,002ndhalf2008 taxes $1,182,212nd lien wi Harris BlIIIIc $1.000.002 agents @ 6% $6,300,00pee-rated2009 taxes $1,366.83
•• PROCEEDS IN CERTIFIED rosns l\flJST:BE LXPRESSED MAlLED TO:Homecomings Finaneia], LtcAttn:: loss Mitigation/Chris Cordina3451 Hammond AvenueWaterlOO, IA 5070;!
Please inchldc the original executed Settlement Statement (BUD -1) along with the check.If you choose to pay via wire transfa-, all funds must be wired to:
JP Morgan Chase BIlDk, NA:M:aitCode KYI - 71026108 Grade LaneLousville, KY 40213Building 7, Suite 109
2 loans. balance -200K. Condo was sold for 105K. No promissory note nor any deficiency .
Jun 30 09 08:14a
Fax ServerGREEN AURORA SERViCES,inc
6/30/2009 8:06:58 AM PAGe1(773)714-0502
~/UU~ rax D~rV~I_01-',,-,
TO:Greg COMPANY:
••Be identified by a loan number-••Be idew:i:fied by the mC<tgllgor's IIIIlnC.a:melnck the P\lymellt amount pins an additiOnDlS5 wire tee,"' Be accompanied by a fiIx to the Payment processing depanrnent at L866.340.7535 Iiscing multiple aCCOlJD{
numbers ifmukiplc accounts arc being paid with the wire.
• HUD·! Settlement StatanCIll: MUSTbc axed 48 hoors before cleeing for approval, PICII5e fax to S66-709-4744.
,. We will prepare 11 release oflien and. Bend to the title company for recording .•. Escrow to close 011 or before July 31, 2009 .• All escrow surplus and credits MUST be added to the DCtprOCCC<b," The HUD I Settlement statement must be signed by buycn. sellas and settlement agent.
~ A Copy of proceed check or baak wire, BUD1 Settlement Statement, tlJis short Slle letter, and anyappli.cablepremlssory notes mulJCbe FAXED to ow office.t (S66)487-90.23 wi«hin 24 fu~urs of c:bing, Any deJa)' in .be recdptof the documen.s will result w SlOO fee per day along v.1tb tbeper diem intCI"e:A oUO.OO ellCb day and an,' eJiensiollof the closing date, wi nreqare prior approval
If any of tile above demands are not met the; Net Proceeds will not be accepted and the satisfaction will be delayed at yourexpense.
The release of the lien will be sent [() the name and addrcssoftbe title company you have provided and.thut will ccn~ theclosing of the sale of the pcopcrty. Please nore that the rctease of the lien will nor be sent oUt until the above proceeds arereceived. Ii:will then be their responsibilitytn ensure prO]lCr recording of'the release of the lien.
A "Sbort" or UN egotlated" Payoff of yo III"mortgage loan may have 1a1 consequences. To determine it; or to whate:ttent. you have any tax liabiity, YOllare encouraged to contact. Iu profewonaL
If yon have any questions feel free to cootact us directly BElWEEN me HOlJ'RS OF 9 A.M. AND 6 P,M. (EST) at 1-800-799-925 () oc ir'.I fax at .
Sincerely,
Loss Mitigation Department
Notice -The law requires that we advise you that this is anal1ctllpl to collect on a debt and any infocmationwe obtain will be used for that purpose only.
Furthermore, if'you have either filed for bll!lkruptcy or been disdJarged of your persocal tiabiliry forrepayment of'this debt in a bankruptcy proceeding. this letter ill being provided to you fur informationalpurposes only. and any rights that we rnay choose to p'lnue will be exercised only against the collateral forthe loan and not against you personally.
gHARRISHarris, N.A3800 West Golf Rd. Suite 300P.O. Box 8478Rolling Meadows, Illinois 60008Telephone 847-434-2501
June 30, 2009
FAX #773-714-0502
Chicago, IL. 60656
RE:
To: Greg Zajdel,
Please allow this letter to serve as Hams Bank's approval to accept a minimum of $1,000.00 based on the sales contract forthe above mentioned property. It is our understanding that the sale will be completed by August 3. 2009 and therefore thisapproval expires on August 4, 2009.
Certified funds remitted to us will be required. Upon receipt of a minimum of'S1,000.00, Harris Bank will prepare a ReleaseDeed and forward it to the proper party.
Harris Bank further agrees to release the Borrower from liability for any deficiency balance due on the Note(s), secured by theMortgage(s) referenced herein, as a result of the sale of the property and pursuantto federal law, you will receive theappropriate tax documentation. However if you wish to pay any deficiency balance due, Harris N.A. will treat the loan assatisfied and shan report the same to any credit reporting agencies Please check the box below with your election and return acopy of this letter with the certified funds.,
This Agreement is not intended to be, nor shall it be construed to create a novation or accord and satisfaction, and except asotherwise expressly stated herein, the Note shall remain in fun force and effect.
• ••.••PLEASE BE ADVISED THAT THIS IS A SHORT SALE AND ANY OVERAGE IN THIS TRANSACTION SHOULD BEFORWARDED TO HARRIS BANK·"'.
[fyou have any questions, please contact me at 841434-2036
p~Ovemigbt Payoff to:arris, NA
Attn: Carmen Claudio3800 Golf RoadSuite 300Rolling Meadows, IL 60008
[1 I will not pay the deficiency. Please send the appropriate tax documentation.
o I will pay the deficiency and the loan will be treated as satisfied. Arrangements will be made within 30 days ofreceipt offunds.
