Finance NOTICE OF SOLD LIEN JUNE 24, 2016 PROPERTY ADDRESS BOROUGH “BLOCK Lor CASE'NO. Lien Holder's Name: NYCTL 2016-A TRUST Lien Holder's Collection Agency: Tower Capital Management, LLC Phone Number: (800) 970-8454 Email: NYCTLservicing@temfund.com DOF Property Tax Lien Amount (as of 05/11/16): Emergency Repair Charges (as of 05/11/16): TOTAL LIEN AMOUNT: Dear Property Owner: (On May 12, 2016, the City of New York sold a lien on your property, isted above, for the amount shown at the top of this letter. This action was taken because there are unpaid charges on this property for taxes, other properly assessments, and/or water and sewer charges, including the interest acorued on these charges. The City has not sold your property. We have sold your property-related debt to a third-party called the lien holder. The lien holder now has the right to collect payments of the entire lien amount, plus interest and other charges. If you do not make the required payments to the lien holder and/or pay the entire lien amount by a date specified by the lien holder, the lien holder has the right to begin a formal foreclosure proceeding in court, which could ultimately resutt in the sale of your property. Hf You Have Made a Payment If you paid any part of the amount due after May 11, 2016, please notify one ofthe following agencies immediately + For property-tax or other charges: NYC Department of Finance Tax Lion Ombudsperson at (212) 440-5408 ‘+ For water and sewer charges for periods beginning on or after April 1995: NYC Department of Environmental Protection (DEP) at (718) 595-7000 The Lien Holder's Right to Impose Additional Charges Ifthe property and/or the owner are not the subject of a Bankruptcy proceeding on the date of the lien sale, the lien holder has the right to impose the following charges, which begin to accrue from the date of the lien sale, in addition to the taxes, charges, assessments and/or interest already owed. A.5% surcharge on the amount of the lien ‘The charges incurred for administrative costs, including the cost of advertisements and notices Interest payable semi-annually on the unpaid balance at the legally applicable rate applied to unpaid real property taxes on the subject property (either 9% or 18% per year compounded daily) until the len amount, surcharge, ‘administrative costs and interest are all paid in full (OVER)Paying the Amount You Owe all the lien holder's collection agency at the phone number printed on the top of the first page for the most up-to-date payoff amount. The agency can also provide Instructions for wiring your payment or entering into a payment agreement for the total lien amount, Checks must be made payable to NYCTL 2016-A TRUST. Please use the following address: NYCTL 2016-A TRUST TOWER P.O. Box 360164 Pittsburgh, PA 15251-6164 Water and Sewer Charges If the heading on top of this letter is "Water Board Lien Amount, Board were included in the lien sold on the property, then water and sewer charges billed by the NYC Water If ‘DOF Billed Water Lien Amount’ is listed, the amount due also includes water and sewer charges that are not included in the "Water Board Lien Amount." Collection of unpaid water and sewer charges incurred before April 1995 is the responsibility of the Department of Finance, not the Water Board. New Taxes and Other Charges ‘The total lien amount relates to charges due and unpaid as of May 11, 2016. The City will continue to bill the property ‘owner (or other authorized parties) for any new property taxes and charges due or imposed on or after May 12, 2016. Department of Finance may sell liens for this new debt in the future if not paid by their respective due dates. The Lien Holder's Right to Foreclose/The Taxpayer's Right to Satisfy Lien Except in a bankruptoy situation (see below), the law allows the lien holder to begin a formal foreclosure proceeding in court one year after the lien sale date if you have not paid the fien in full or entered into @ payment agreement with the llen holder. Foreclosure can also begin if you don't pay the semi-annual interest on the lien sale amount within 30 days after it is due. Foreclosure will result in the court-ordered sale of the property, after which you will no longer own it. Record Owner and/or the Property Involved in a Bankruptcy Proceeding Ifthe property owner andlor the property is the subject of a bankruptcy, the Bankruptcy Code prohibits the lien holder from any “acts of collection” until the bankruptcy is concluded, unless’ otherwise authorized by the Bankruptcy Court. Accordingly, the lien holder is stayed from bringing foreclosure proceedings unless it obtains relief from the Bankruptcy Court from the automatic stay. The sale of the tax lien is not an act of collection. Ifyou have any questions please contact: The lien holder's Collection Agent, Tower Capital Management, LLC at (800) 970-8454 Department of Finance Tax Lien Ombudsperson at (212) 440-5408 or the Senior Ombudsperson at (212) 440-5407 or taxlien@finance.nyc.gov DEP at (718) 595-6628 or ombuds@dep.nyc.gov Department of Housing Preservation and Development (HPD) at (212) 863-6020 or hpderp@hpd.nyc. gov