You may have already provided the information requested but it is very important that you complete the

answers and return them back at your earliest convenience. Date: Loan Number(s):

Borrower(s) Name:

Property Address:

Foreclosure Sale Date:

Vericrest Lien Position(s): 1st ______ 2nd______

Additional Lien Holder Information including Name Unpaid Principal Amount, Net Amount, Payment Due Date & Foreclosure Sale Date (if applicable):

PLEASE ATTACHED THE FOLLOWING REGARDING THE ADDITIONAL LIEN HOLDER. 1. APPROVAL LETTER 2. OFFICIAL PAYOFF STATEMENT FOR 60 DAYS FROM TODAY S DATE.
WWW.VERICRESTFINANCIAL.COM

VERICREST FINANCIAL, INC. 715 Metropolitan Avenue, Oklahoma City, OK 73108

T: 800.401.6587 F: 877.533.1045

Page 2 Borrower (s): Account Number

Estimated Closed Date: ___________________________

Financing:

(Vericrest) Cash____________

Financed Type________

Approved_______

RE Commissions:

RE Commission Percentage (cannot exceed 5% of Purchase Price)

Seller s Concessions (cannot exceed 3% of Purchase Price):

Seller s Contribution:

Purchase Price:

Date of Purchase Agreement:

Net to Vericrest:

Vericrest Unpaid Principal Balance:

Page 2 of 8

Page 3 Borrower(s) Name:

Account Number:

Borrower s Hardship:

Status of Occupancy: Vacant________ Occupied_______ Tenant Occupied________

Listed: yes____ Date Listed:

no___

Listing Agreement Expiration Date: Original Listing Price: Current Listing Price: Date of the current listing price: Dates and amounts of Listing Price changes:

Has there been Quit Claims Filed? If so when_____________ Quit Claim Date_________ Quit Claim information:_______________________________

How many times has the property been shown since it has been listed________ Purchase Agreement Date: Expiration Date of Purchase Agreement:

Addendum dates________________ Reason for Addendums:______________________________

Page 3 of 8

Page 4 Borrower(s) Name: Account Number:

Copy of MLS Attached: Price History Attached: Showing History Attached:

yes____

no____

yes____ no____ yes____ no____

Subordinate Liens: Number of Liens: Lien Holder Name: Lien Amount: Lien Holder Account Number:

yes_____ _______

______________________________

Unpaid Principal Balance on Subordinate Lien: Date of the last payment on the Subordinate Lien:

Short Sale Offer #1 Original Contract Sale Price: Contract Sales Price: Original Net Offer Amount to Vericrest: Original Net Offer Amount Subordinate Lien Holder (if any): Accepted Net Offer Amount:

Page 4 of 8

Date this is submitted to Vericrest :

Page 5 Borrower(s) Name: Account Number:

E Agent Name: RE Agent Email Address: RE Agent Cell Phone Number: Re Agent Assistant Name: RE Agent Assistant Email Address: RE Agent Cell Phone Number:

TITLE COMPANY: CONTACT AT TITLE COMPANY: TELEPHONE NUMBER: PLEASE NOTE: EXCUTED FINAL HUD TO BE EMAILED TO ME THE DAY OF CLOSING COPY OF FINAL HUD TO BE EMAILED TO ME DAY BEFOE CLOSING IF I DO NOT RECEIVE THE EXECUTED HUD I CANNOT CLOSE THE ACCOUNT HERE AT VERICREST.

Page 5 of 8

1. If there is a foreclosure on the another lien holder, please submit foreclosure papers* 2. Before we can move forward with the short sale it will be necessary for Vericrest to visit with the borrower(s) directly.

I also need the following: 1. If there is past due fees listed on the hud-1 I will need copies of the statements showing the amount listed on the hud-1. 2. If there are attorney fees listed on the hud-1 I will need a detailed statement from the attorney s office.

PLEASE EMAIL to me at the email address listed on this email the following: 1. 2. IN HOUSE document completed in its entirety. Hud-1

Please email other information requested today to vericrestfinancialcares@vericrestfinancial.com and on the subject line please place the account number and last name and attach the documents.

Page 6 of 8

We will need to have the following documents provided to us in order to complete the short sale review If you have sent these previously please list the date you sent them below.

1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 16. 17. 18. 19. 20. 21. 22. 23. 24.

Hardship Letter from Borrower Monthly Expenses Last two current bank statements Last two current paycheck stubs Unemployment award letter (if applicable) Social Security Award letter (if applicable) Authorization letter to speak to third party Listing Agreement Purchase Agreement First lien holder s approval letter (if applicable) Hud-1 Appraisal (if applicable) Purchaser(s) financing approval letter Property Pricing History Property Showing History MLS printout Signed counter offer (if applicable) List of all contact numbers for borrower(s) including but not limited to the home phone number, cell phone number and email addresses of all borrower(s) List of all contact numbers for RE agent including but not limited to the office phone number, Cell phone number and email addresses. Copy of appraisal (if applicable) List of damages (if applicable) Other information requested Copies of statements from attorneys listed on the hud-1 Copies of statement regarding fees listed on t he hud-1.

Page 7 of 8

Thank you for your submission of the short sale and I look forward to working with you. If you have questions please contact me by via of the email address listed below.

Lynne Raymond Loss Mitigation Analyst 715 Metropolitan Avenue Oklahoma City, Oklahoma 73108 lraymond@vericrestfinancial.com Office Direct Line: Direct Line: Facsimile: 1-866-650-0968 Option 3 (405) 553-1850 (405) 553-4705

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