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2 J u n e l , 2 0 1I

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Dear Mortgagor(s), citiMortgage, conditions: Inc. has agreed to accept a short payoffon the above captioned

betwepn;I

l'olllowi'g ith rLhe

The closingmust takeplace on or before July 29' 20 [ 1' You must by must be absorbed partiesother than CitiMortgage,Inc' interest must not be lessthan $ 190'000 CitiMortgage,Inc.'s net proceeds Contractprice is S 20U,500'00. Total Payoutto all junior liens cannotexceed$3,100 00 The current owners are to receive $0'00 proceedsfrom the sale of

beyondJuly 29, 201I . Per diem approvalfiom citiMortgage for any extension

above proPerrY.

and r Any and all refundsor creditsmust bc addedto the abovenct procecds

to CitiMortgage,Inc. at the timc of closing.

and STA'IIEMENT, CitiMortgage, Inc will give a full release, Upon receiptof the NET PROCEEDSand a COPY OF THE FTNA SETTLEMEI'IT instituted and no deficiencyjudgmentwill ,."on r.yun"" of its lien as agreed, must be at armts length and include a transfer of This transaction 5, CitiMortgagewill leport the balanceof the shortfall as "debt forgi it and repot-t on a 1099Cform. " per IRS rcgulations

)F*+AI{YCHANGES TO THE ABOVE STATED TERMS MUST BE APPRO

[nc.*** BY CitiMortgage,

on th$ day of closing,a copy of the checkor wire confimrationand a HUD-I grant.rnoellering@citi.com. Fundr;wilt be returned if the HUD-I is not received by the Negotiator on Fundsmay be wired to Citi per the following instructtot.ts:

nt Statcmcnt with botlr buvcr sidc and scllcr sidc lnust be sentto

of closing.

North rrerica Citibank i n gU n i t

The loan witl not be paid off without receiptof a Final HUD-l Settlemenrt
Ifyou have any qucstions, please feel f1'eeto contact me at

Sincerely,

IIT Mitigation Specialist Loss

Inc. CitiMortgage, Disclaimer- Call Monitorcd to ment, citillortgager,lnc. is requirecl report the amount of the icebtforgivento lf principalforgivenessis equal to or greaterihan $600.00 as a reslllt of this the llrternalRevenue Serviceon a 1099C form, a copy of which will be mailr to you.
practice ancl After the short sale is complete, we will follow standard industry the rmount owed, which could negatively impact your credit score and, therr: port to the major creclit reporting agencies that the loan was paid off for less than :*, yorr ability to obterin credit on the most favorable terms. We have no control

for over, or responsibility the impact of this report,on your credit score.To visit <http;/lunrrw.ftc,gpy/bcp/edu/puDs/coJ}gumerlclqdiUcleZ4..qh.tf.:'

rnore about-thepotentialimpact of a short sale on your credit,y,cumay want to

This is an attemptto collecta debt and any informationobtainedwill be used sublectto an automaticstate of bankruptcyorder under Titie I 1 of the united a not constitute demand for payment or any attemptto collectany such

disniissedor is To that purpos;e. the extent your obligationhas been discharge,J, purposes only and does and informational ates doJe, this noticeis for compliance