Flallstar~

"~Bank
2 loans - $230K balance. Client had to pay 1K at the time of closing. No promissory note was claimed . Debt was cancelled.

5151 Corporat", Drive

Troy, Michigan 48098-2639

Phone: (248) 312-2000 www.f1agstar.com

Dear Flagstar Customer: Flagstar Bank reviewed the pending sales contract on the above mortgage the Pre-Foreclosure Sale Program. This letter will confirm our approval of the pre-torectosure sale of this props conditions listed below. If any of the conditions listed below cannot be met, lien. Please make sure th t all instructions are followed r r re uest to accruals.

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ance with the terms of

ntingent on the will not discharge its avs andJurther interest

THE SAlE PRfCE IS TO BE NO LESS THAN $178.000.00. REALTOR COMMISSIONS ARE NOT TO EXCEED S1tL680.00. SELLER'S CLOSING COSTS ARE NOT TO eXCEED $12. 184.M.t PAYOFF FOR 2ND (CitiMortgage) NOT TO EXCEED: $3.000.09. NET SALES PROCEEDS ARE TO BE NO LESS THAN 152135. 4 PAYABLE TO FLAGSTAR BANK. THIS FIGURE SHOULD BE RE L~ THE FIRST MORTGAGE. NET PROCEEDS ARE TO BE RECEIV 0 . BUSINESS DAY ALONG WITH A SIGNED COpy OF THE SETTL M SELLERS ARE TO NET $ -0-. BUYER(S )NAMES ARE:

BUYER'S FINAL LOAN APPROVAL 08115/i009.

_iII_._

SHO~LD BE MADE ED A THE DISCHARGE TO PR 5S MAIL THE NEXT STA EMENT.

lETTER TO BE FAXED TO 888-il3!

77121NO LATER THAN:

SALE IS TO CLOSE NO LATER THAN 08121/2009.

A COpy OF THE HUD1 SETTLEMENT STATEMENT IS REVIEW AT LEAST 48 HOURS BEFORE CLOSING.
APPROVAL IS VOID IF BANKRUPTCY IS FILED. NO MODIFICATIONS CAN BE MADE TO THESE TERMS W/THO

BE SENT FOR OUR

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Flagst.~'
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5151 Corporat~ Drive

Troy, Michigan 48098&2639

Phone: (248) 312~2000

www.flagstar.com

Page 2

ptEASE MAKE NET PROCEEDS CRECK PAY ABl,E TO :1

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After closing, please send via FedEx a copy of the HUD Settlement *~"pnt.''N1et Proceeds Check, Original Promissory Note (if required), Assignment of Escrow Disct~ur.l~t~tem~ntf and the release of

liens, if any.

Please be aware that Flagstar Bank will be responsible for executing the relea~e of lien and reconveyance immediately after receiving the net sales proceeds and all 0 her c sing onditions are met. Flagstar is also responsible for flIlng any cancellation of Notice of Trustee' e at h been recorded. rescission of any foreclosure that may have occurred, or cancellation of an pend n9 forectosure action that is already in process.

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For your convenience, we ha.ve provided the complete ma.iling address anJ a ~cfjtact p~rson at Flagstar: 10245 Centurion Parkway N. Suite 305 Jacksonville, Florida 32256 Attention: Nicole Phillips

IMMEDIATELY FOLLOWING CLOSING: Forward a copy of the HUD-\ S Check by fax to my attention at (904) 854-7701. .

lenlf~ntSta~ment and Net Proceeds

Notwithstanding our approval of this short payoff, Flagstar Bank, FS ,~s~~es approval at any time and demand full payoff prior to funding.
Should you have any questions. or: reQuireadditiona! irrtorrnation, please ~U ~

t~e right to withdraw

11t (8881'1736-7712.

Nicole Phillips Flagstar Bank Loss Mitigation Department

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Q1151 Corporate Driv(t Troy, Michigan 48098-2639 Phone: (248) 312~2000 WVIIoV, flagstar.com

ASSIGNMENT

OF ESCROW DISCLOSURE STATE

IVIt

ACCOUNT NUMBER BORROWER(S) NAM E:

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I

I!WE hereby transfer fly/our current interest, and aUfuture refunds, in the ~so P\ aCCOl nt, to include the hazard insurance policy, pro erty tax, private mortgage insurance and any other it ~m t;) eserov ~ on the mortgage to FLAGSTAR BANK, F .8.

Daniel Hydzik

Date

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Date

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08/11/2009

07:33

TEL

~001l002

ern mortgag
August 11 2009
J

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RE:~. Security Address. Niles Il. 60714

Account #: SF?

un w ,id
I

Ilalance:

$50,305.49 Ieaselthe lien associated Plea* make sure that all eck, $lade payable to

Citimortgage Inc. agrees to accept i5,000.00 to settle the account in full with the above referenced account.

This amount is due in our office by 08/28/2009 or may be subject to inere I payments are sent in a CASHIER'S! CERTIFIED. OR TITLE COMP CitiFinancial, via OVERNIGHT mail to" CitiMortgage Attn: Michael Renner Transaction Processing 1000 Technology Drive. Mail Stop 504 O'Fallon, MO, 63368-2240
For Wire TRANSFERS:

'1

Wire to: Citibank Delaware ABA #: 031100209 Credit To: CitiMortgage Inc. Accounts #: 38796956 Wire Memo Info Required: Release of Lien Customer Name: Customers 10 Digit Account #3IIi:i'T1IIIi10

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Please contact me at 469-220-3490 should you have any questions or

ems regarding this account.

~?JJ
B~r CitiMortgage Recovery Specialist

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08/11/2009

07:33

TEL

~002/002

This is an attempt to collect a debt and any information obtained will be usedltoi If you are represented by an attorney, please refer this letter to your attorney name, address and telephone number. To the extent your obligation has been discharged, or is subject to an automatic Bankruptcy Code, this notice is for compliance and/or informational purposes 0 demand for payment or an attempt to collect such obligation. Whenever more than $600.00 of a debt is forgiven as a result of settling a debt f we are required to report the amount of tlJe debt forgiven to the-Internal Revehu copy of which will be mailed to you. Irovide ue with the attorney's under ~he United States nd does not constitute a the balance owing, n a l099C form, a

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