Short Sale or Pre-Foreclosure Sale Application -...
Transcript of Short Sale or Pre-Foreclosure Sale Application -...
© IndyMac Mortgage Services a division of OneWest Bank, FSB. Registered trade/service marks are the property of OneWest Bank, FSB and/or its subsidiaries.
Questions? Loss Mitigation Department 1.877.736.5556
For Borrowers
Is a Short Sale right for you? Check to see if all three
of the following scenarios apply to you:
• Youarenolongerabletomakemortgage
paymentsorhavealreadymissedapayment
duetofinancialhardship.
• Youwanttosellyourhometoavoidforeclosure.
• Thevalueofyourhomeislessthanwhatyou
oweonyourmortgage.
IfyouhavequestionsabouthowaShortSaleor
Pre-ForeclosureSalewillaffectyourcreditscore,tax
situationorotherlegalsituation,pleaseconsultwith
yourbroker,realtor,oranattorney.
For Brokers
Ifyourcustomer(s)is/arenolongerabletomake
mortgagepaymentsandtheproperty’smarketvalue
islowerthantheamountowedontheloan,youmay
considerhelpingthemapplyforaShortSaleorPre-
ForeclosureSalewiththisapplication.
Toapplyonbehalfofyourcustomer,makesureto
completetheThirdPartyAuthorizationformincluded
inthispacketforyourselfandanyotherthirdpartywho
willactonbehalfofyourcustomer.(Thirdpartiesmay
includebrokers,realtors,attorneys,etc.)
Forinformationabouttaxorlegalimplicationsforyour
customeriftheypursueaShortSaleorPre-Foreclosure
Sale,pleaseconsultwithanattorney.
Short Sale or Pre-Foreclosure Sale ApplicationSubmit your completed request for assistance today.
Submitting your request for workout review does not stop the foreclosure process. All normal servicing
including collections and/or foreclosure (if applicable) will continue unless you are otherwise notified in writing
by IndyMac Mortgage Services.
Upon receipt of this completed application and an executed purchase contract, a Workout Negotiator will be
assigned to review the loan. IndyMac Mortgage Services will need to determine the fair market value of the
property by arranging for an interior BPO (broker price opinion), and the borrower(s) or authorized third parties
will be contacted to schedule the property inspection within 10 days.
For IndyMac Mortgage Services to consider a request for a Short Sale or
Pre-Foreclosure Sale, ALL of the following items are required for review:
Page 3 • ThirdPartyAuthorizationform(oneperthirdpartyrepresenting
theborrower)
Pages 4-5 • PersonalInformation(andpage5ifco-borrowerisontheloan)
Pages 6-9 • FinancialandPropertyInformation
• Proofofallsourcesofmonthlyhouseholdincome,suchaspaystubs
forthepast60days(ifasalariedorhourlywageearner)orprofitand
lossstatementsforthelasttwoquartersalongwiththemostrecent
signedfederaltaxreturn.Leases,socialsecurity,pension,disabilityand
bankstatementsarerequired,ifapplicable.
Pages 10-12 • HardshipAffidavit
Pages 13-14 • PurchaserEligibilityCertification
Page 15 • ProspectivePurchaserInformation
• Documentationshowingthecompletelistinghistoryforthisproperty.
• Asalescontractsignedbybothbuyerandseller,subjecttoIndyMac/
lenderapproval.
• Anestimatedsettlementstatementshowingallproposedseller-paid
closingcosts.
• Proofofbuyer’sfinancing(e.g.pre-qualificationletter)
• Anyotherdocumentationorinformationyoufeelmayberelevantto
the situation.
ItemsRequiredforReviewUse this chart to help you keep track of your request.
Getting Started page | 2
Please note: The Short
Sale package, including
an Executed Purchase
Contract, must be
submitted at least 15 days
prior to the scheduled
Foreclosure sale date. The
Short Sale decision process
generally takes 30 days
or less from the time we
receive the complete short
sale package assuming
there are no delays in
gaining approvals from
the Investor, Mortgage
Insurance Company, Jr.
Lien holder, etc.
Once ALL of the required items are complete, please write the borrower (and co-borrower’s, if applicable) name
and loan number on every document, and submit this entire application as soon as possible with all required
documents via fax to: 1.626.583.1370.
IndyMacMortgageServiceswillfollowstandardindustrypracticeandreporttothemajorcreditreportingagenciesthatyourmortgagewassettledforlessthanthefullbalanceowed.Wehavenocontroloverorresponsibilityfortheimpactofthisreportonyourcreditscore.
Ashortpayoffofthemortgagemayhavetaxconsequences.Youareadvisedtocontactataxprofessionaltodeterminetheextentoftaxliability,ifany.
Thiscompanyisadebtcollectorandanyinformationobtainedwillbeusedforthatpurpose.However,ifyouhavefiledabankruptcypetitionandthereiseitheran“automaticstay”ineffectinyourbankruptcycase,oryourdebthasbeendischargedpursuanttothebankruptcylawsoftheUnitedStates,thiscommunicationisintendedsolelyforinformationalpurposes.
NOTE: If you would like IndyMac Mortgage Services to discuss your loan with a third party such as a spouse,
relative, friend, realtor, attorney, lender, etc. you MUST complete and return this form to us first. Please fill out
one form for each third party.
IherebyauthorizeIndyMacMortgageServicestodiscussmyrequestforpaymentassistancewiththeindividual(s)
thatIhaveidentifiedbelowasmydesignatedagent(s)(hereinafterthe“DesignatedAgent”).Further,IndyMac
MortgageServicesisherebyauthorizedtonegotiatethetermsofaworkoutagreementwithmyDesignated
AgentandtodeliverdocumentstomyDesignatedAgentwhichconcernsmyrequestforpaymentassistance.
IunderstandthatIwillbefullyresponsibleforreviewinganyinformationthatissentbyIndyMacMortgage
ServicestomyDesignatedAgent.ThisAuthorizationwillremaineffectiveuntilIspecificallynotifyIndyMac
MortgageServices’WorkoutDepartmentinwritingthatthisAuthorizationisofnofurtherforceandeffect.
My Designated Agent is:
First Name
LastName
Address
City,State,ZIP
E-mailAddress
Phone Number
IndyMacMortgageServicesLoanNumber
Relationship Realtor Spouse LossMitigationCompany Other
ThirdPartyAuthorizationPlease provide all information.
ThirdPartyAuthorization page | 3
Borrower
Signature
Date
Co-Borrower
Signature
Date
IndyMacMortgageServicesLoanNumber
Personal Information: Borrower
First Name
LastName
SocialSecurityNumber
DateofBirth(mm/dd/yyyy) / /
DaytimePhoneNumber
EveningPhoneNumber
CellPhoneNumber
E-mailAddress
Address(whereyoulive)
City,State,ZIP
Employer
Position
EmploymentDates/ /
to / /
AnnualSalary $
PersonalInformationPlease provide all applicable information.
BorrowerFinancialStatement page | 4
IndyMacMortgageServicesLoanNumber
Personal Information: Co-Borrower
First Name
LastName
SocialSecurityNumber
DateofBirth(mm/dd/yyyy) / /
DaytimePhoneNumber
EveningPhoneNumber
CellPhoneNumber
E-mailAddress
Address
City,State,ZIP
Employer
Position
EmploymentDates/ /
to / /
AnnualSalary $
PersonalInformation(continued)Please provide all applicable information.
page |5
(ifdifferentthanborrower)
BorrowerFinancialStatement
IndyMacMortgageServicesLoanNumber
Description Estimated Value (A) Amount Owed (B) Net Value (A - B)
1.Cash $ $ $
2.AllChecking&SavingsAccounts $ $ $
3.CertificatesofDeposits(CDs) $ $ $
4.Stocks/Bonds/MutualFunds $ $ $
5.AllRetirementAssets(401(k)s,IRAs,etc.) $ $ $
6. Total Liquid Assets (add lines 1-6) $ $ $
7.PrimaryHome $ $ $
8.OtherRealEstate $ $ $
9.Automobile(s) $ $ $
Make Model Year $ $ $
Make Model Year $ $ $
10.CashValueofLifeInsurance $ $ $
11.PersonalProperty(computers/furniture,etc.) $ $ $
12.OtherAssets(limitedpartnerships,etc.) $ $ $
13. Total Non-Liquid Assets (add lines 7-12) $ $ $
14. Total Net Value (add lines 6 & 13) $ $ $
15. Other Debt Balances $ $ $(creditcards,notesdue,linesofcredit)*
*ExplaininDetail:
Haveyoueverfiledforbankruptcy? No Yes
TypeofBankruptcy(selecttype) Chapter7 Chapter13
FilingDate(mm/dd/yyyy) / /
Hasyourbankruptcybeendischarged? No Yes If yes, please provide a copy of the discharge paper.
AssetsandLiabilitiesPlease provide all applicable information.
page | 6BorrowerFinancialStatement
IndyMacMortgageServicesLoanNumber
Property Description (If subject property is rented.)
Address
City,State,ZIP
Isthepropertyowneroccupied? No Yes
Isthepropertyasecondhome? No Yes
Isthepropertynonowneroccupiedoraninvestmentproperty? No Yes
Isthepropertyvacant? No Yes Ifyes,howlong? Years Months
Aretheiranyadditionalliens/mortgagesorjudgementsonthisproperty? No Yes
Tenant Name Monthly Rent Monthly Last Paid Date Lease Expires
$ $ / /
$ $ / /
$ $ / /
$ $ / /
Dependents
Name Relationship Date of Birth In Day Care
/ /
No Yes
/ /
No Yes
/ /
No Yes
/ /
No Yes
PropertyDescription&DependentsPlease provide all applicable information.
page | 7
(ofpropertyinvolvedinworkout)
BorrowerFinancialStatement
IndyMacMortgageServicesLoanNumber
MonthlyIncomePlease provide all applicable information.
page | 8
Description Borrower Co-Borrower Total
1.GrossSalaryWages $ $ $
2.OvertimeWages $ $ $
3.Commissions(howoftenpaid) $ $ $
4.Bonuses(whenpaid) $ $ $
5.SocialSecurity $ $ $
6.Disability(shorttermorlongterm) $ $ $
7.OtherIncome(interest,rental,etc.) $ $ $
8.Alimony* $ $ $
9.ChildSupport* $ $ $
10. Total Monthly Income (add lines 1-9) $ $ $
11.Less:Federal,FICA,andStateIncomeTax $ $ $
12.OtherDeductions(401(k),etc.) $ $ $
13. Total Deductions (add lines 11 & 12) $ $ $
14. Net Personal Income (line 10 minus line 13) $ $ $
*Notice:Alimony,childsupport,orseparatemaintenanceincomeneednotberevealediftheBorrowerorCo-Borrowerdoes
not choose to have it considered for repaying the mortgage.
BorrowerFinancialStatement
IndyMacMortgageServicesLoanNumber
MonthlyExpensesPlease provide all applicable information.
page | 9
Description Monthly Payment Balance Due # of Mos. Delinquent
1.PrimaryHomeMortgage(includingtaxes&insurance) $ $
2.Taxesonprimaryhome(ifnotincludedin#1) $ $
3.Insuranceonprimaryhome(ifnotincludedin#1) $ $
4.RentPayment(ifownerdoesnotoccupysubjectproperty) $ $
5.MaintenanceonPrimaryHome $ $
6.OtherMortgages $ $
7.AutomobileLoan(s) $ $
8.OtherLoans $ $
9.CreditCards(minimumpayment) $ $
10.Alimony $ $
11.ChildSupport $ $
12.ChildCare $ $
13.Utilities(water,electricity,gas,etc.) $ $
14.Telephone $ $
15.Insurance(automobile,health,life,etc.) $ $
16.Medicalexpenses(uninsured) $ $
17.Carexpenses(gas,maintenance,parking) $ $
18.GroceriesandToiletries $ $
19.DryCleaningandClothing $ $
20.SpendingMoney $ $
21.CableTV $ $
22.Entertainment(hobbies,dinner,movies,etc.) $ $
23.Vacations $ $
24.SchoolTuition $ $
25.HOAFees $ $
26.DependentCare $ $
27.OtherMonthlyExpenses* $ $
*Explain: $ $
28. Total Personal Expenses (add lines 1-27) $ $
BorrowerFinancialStatement
IndyMacMortgageServicesLoanNumber
I (We) am/are requesting IndyMac Mortgage Services to review my/our eligibility for a short sale to help prevent foreclosure. I
(We) am/are having difficulty making my/our monthly payment because of financial difficulties created by (check all that apply):
Myhouseholdincomehasbeenreduced.(Forexample:unemployment,underemployment,reducedpayorhours,
declineinbusinessearnings,death,disability,ordivorceofaborrowerorco-borrower.)
Mymonthlydebtpaymentsareexcessive,andIamoverextendedwithmycreditors.Debtincludescreditcards,home
equity, or other debt.
Myexpenseshaveincreased.(Forexample:monthlymortgagepaymentreset,highmedicalorhealthcarecosts,
uninsuredlosses,increasedutilities,orpropertytaxes.)
Mycashreserves,includingallliquidassets,areinsufficienttomaintainthepaymentonmymortgageloanandcover
basiclivingexpensesatthesametime.
Other(pleasespecify):
Required Explanation
Foranyapplicableitemsabove,pleaseprovideadetailedexplanationofthehardship(attachanotherpageifnecessary):
HardshipAffidavitPlease provide a detailed explanation of your hardship.
HardshipAffidavit page | 10
IndyMacMortgageServicesLoanNumber
Thefollowinginformationisrequestedbythefederalgovernmentinordertomonitorcompliancewithfederalstatutesthatprohibit discrimination in housing. You are not required to furnish this information, but are encouraged to do so. The law provides that a lender or servicer may not discriminate either on the basis of this information, or on whether you choose to furnish it.Ifyoufurnishtheinformation,pleaseprovidebothethnicityandrace.Forrace,youmaycheckmorethanonedesignation.Ifyoudonotfurnishethnicity,raceorsex,thelenderorservicerisrequiredtonotetheinformationonthebasisofvisualobservationorsurnameifyouhavemadethisrequestforaloanmodificationinperson.If you do not wish to furnish the
information, please check the box below.
Borrower
I do not wish to furnish this information.
Ethnicity
HispanicorLatino
NotHispanicorLatino
Race
AmericanIndianorAlaskanNative
Asian
BlackorAfricanAmerican
NativeHawaiianorotherPacificIslander
White
Sex
Female
Male
To be completed by interviewer.
Interviewer’sName
Thisapplicationwastakenby Face-to-faceinterview Telephone
Mail Internet
Interviewer’sSignature
Date
Interviewer’sPhoneNumber
NameofInterviewer’sEmployer
AddressofInterviewer’sEmployer
City,State,ZIP
Co-Borrower
I do not wish to furnish this information.
Ethnicity
HispanicorLatino
NotHispanicorLatino
Race
AmericanIndianorAlaskanNative
Asian
BlackorAfricanAmerican
NativeHawaiianorotherPacificIslander
White
Sex
Female
Male
HardshipAffidavit(continued)Information for government monitoring purposes.
HardshipAffidavit page | 11
IndyMacMortgageServicesLoanNumber
In making this request for consideration for a loan modification or any other foreclosure prevention program, I certify under
penalty of perjury:
1.Alloftheinformationinthisdocumentistruthfulandtheevent(s)identifiedonpage10is/arethereason(s)thatIneedto
requestamodificationofthetermsofmymortgageloan,shortsaleordeed-in-lieuofforeclosure.
2.IunderstandthatIndyMacMortgageServices,theU.S.DepartmentoftheTreasuryoritsagentsmayinvestigatethe
accuracyofmystatements,mayrequiremetoprovidesupportingdocumentation,andthatknowinglysubmittingfalse
informationmayviolatefederallawandmayresultinforeclosure.
3.IunderstandthatifIhaveintentionallydefaultedonmyexistingmortgage,engagedinfraudormisrepresentedanyfact(s)
inconnectionwiththisdocument,thatIndyMacMortgageServicesmaycancelanymodificationofforeclosureprevention
agreementandmaypursueforeclosureonmyhome.
4.Iamwillingtoprovideallrequesteddocumentsandtorespondtoallquestionsinatimelymanner.
5.IunderstandthatIndyMacMortgageServiceswillusetheinformationinthisdocumenttoevaluatemyeligibilityforaloan
modification,shortsaleordeed-in-lieuofforeclosure,butthatIndyMacMortgageServicesisnotobligatedtoofferme
assistancebasedsolelyonthestatementsinthisdocument.
6.I/Weagreethatthefinancialinformationprovidedisanaccuratestatementofmy/ourfinancialstatus.I/Weunderstand
andacknowledgethatanyactiontakenbythelenderofmy/ourmortgageloanonmy/ourbehalfwillbemadeinstrict
relianceonthefinancialinformationprovided.I/Weauthorizeverificationorre-verificationofanyinformationcontainedin
thisfinancialpacketatanytimebythelender,itsagents,successorsandassigns,eitherdirectlyorthroughathirdparty,
includingbutnotlimitedtoacreditreportingagency,fromanysourcenamedinthisfinancialpacketorotherwisesubmitted
inconnectiontherewith.My/Oursignature(s)belowgrantsthelendertheauthoritytocontactmyrealtor,creditcounseling
servicerepresentative(ifapplicable),oranythirdpartywithrespecttomattersrepresentedinthisfinancialstatement.
Borrower
Signature
Date
Co-Borrower
Signature
Date
HardshipAffidavit(continued)Acknowledgement and Agreement
HardshipAffidavit page | 12
IndyMacMortgageServicesLoanNumber
Pursuanttoaresidentialpurchaseagreement(“Agreement”),thepartiesidentifiedbelowas“Seller(s)”and“Buyer(s),”respectively,areinvolvedinarealestatetransactionwherebytherealpropertycommonlyknownas (“Property”)willbesoldbySeller(s)toBuyer(s).
(“Lender”)holdsadeedoftrustormortgageagainsttheProperty.InordertocompletethesaleoftheProperty,Seller(s)andBuyer(s)havejointlyaskedLendertodiscountthetotalamountowedontheloan,whichissecuredbythedeedoftrustormortgage.Lender,inconsiderationfortherepresentationsmadebelowbySeller(s),Buyer(s),andtheirrespectiveagents,agreestoashortsaleontheexpressconditionthatSeller(s),Buyers,andtheirrespectiveagents(including,withoutlimitation:realestateagents,escrowagents,andtitleagents)eachtruthfullyrepresents,affirms,andstatesasfollows:
1. ThepurchaseandsaletransactionreflectedintheAgreementisan“Arm’sLengthTransaction,”meaningthatthetransactionhasbeennegotiatedbyunrelatedparties,eachofwhomisactinginhisorherownself-interest,andthatthesalepriceisbasedonfairmarketvalueoftheProperty.WithrespecttothosepersonssigningthisAffidavitasanagentforeitherSeller(s),Buyer(s),orboth,thoseagentsareactinginthebestinterestsoftheirrespectiveprincipal(s).
2. NoBuyeroragentofBuyer(s)agentsisafamilymemberorbusinessassociateoftheSeller(s)ortheborrower(s)orthemortgagee(s).
3. NoBuyeroragentofBuyer(s)sharesabusinessinterestwiththeSeller(s)ortheborrower(s)orthemortgagee(s).
4. TherearenohiddentermsorhiddenagreementsorspecialunderstandingsbetweentheSeller(s)andtheBuyer(s)oramongtheirrespectiveagentswhicharenotreflectedintheAgreementortheescrowinstructionsassociatedwiththistransaction.
5. Thereisnoagreement,whetheroral,written,orimplied,betweentheSeller(s)andtheBuyersand/ortheirrespectiveagentswhichallowstheSeller(s)toremaininthepropertyastenantsortoregainownershipofthePropertyatanytimeaftertheconsummationofthissaletransaction.
6. TheSeller(s)shallnotreceiveanyproceedsfromthesaleofthePropertyreflectedintheAgreement.
7. NoagentofeithertheSeller(s)ortheBuyer(s)shallreceiveanyproceedsfromthistransactionexceptasisreflectedinthefinalestimatedclosingstatementwhichshallbeprovidedtoLenderforapprovalpriortothecloseofescrow.
8. EachsignatorytothisAffidavitexpresslyacknowledgesthatLenderisrelyingupontherepresentationsmadehereinasconsiderationfordiscountingthepayoffontheloan(s)whichis/aresecuredbyadeedoftrustormortgageencumbering the Property.
9. EachsignatorytothisAffidavitexpresslyacknowledgesthatanymisrepresentationmadebyhimorhermaysubjecthimorhertocivilliability.Ideclareunderpenaltyofperjuryunderthelawsofthestateof thatall
statementsmadeinthisAffidavitaretrueandcorrect.
10. Youcan’tlistthepropertywithorsellittoanyonethatyouarerelatedtoorhaveaclosepersonalorbusinessrelationshipwith.Inlegallanguage,itmustbean“arm’slengthtransaction.”Ifyouhavearealestatelicense,youcan’tearnacommissionbylistingyourownproperty.Youmaynothaveanyagreementstoreceiveaportionofthecommissionorthesalespriceafterclosing.Anybuyerofyourpropertymustagreetonotsellthehomewithin90calendardaysofthedateitissoldbyyou.Youmaynothaveanyexpectationthatyouwillbeabletobuyorrentyourhousebackaftertheclosing.Anyknowingviolationofthearm’slengthtransactionprohibitionmaybeaviolationoffederallaw.
PurchaserEligibilityCertificationPlease read, provide all information, and sign.
PurchaserEligibilityCertification page | 13
IndyMacMortgageServicesLoanNumber
Additionally, I/We fully understand that it is a federal crime punishable by fine or imprisonment, or both, to knowingly and willfully make any false statements concerning any of the above facts as applicable under the provisions of Title 18, United States Code, Section 1001, et seq.
Seller 1
Date
Print Name
Seller 2
Date
Print Name
Seller’s Agent
Date
PrintName&Company
State of
Countyof
On
Before me,
personallyappeared ,whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosename(s)is/aresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her/theirauthorizedcapacity(ies),and that by his/her/their signature(s) on the instrument the person(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.
IcertifyunderPENALTYOFPERJURYunderthelawsoftheState of that the foregoing paragraph is true and correct.
WITNESSmyhandandofficialseal.
Signature
Buyer 1
Date
Print Name
Buyer 2
Date
Print Name
Buyer’s Agent
Date
PrintName&Company
State of
Countyof
On
Before me,
personallyappeared ,whoprovedtomeonthebasisofsatisfactoryevidencetobetheperson(s)whosename(s)is/aresubscribedtothewithininstrumentandacknowledgedtomethathe/she/theyexecutedthesameinhis/her/theirauthorizedcapacity(ies),and that by his/her/their signature(s) on the instrument the person(s),ortheentityuponbehalfofwhichtheperson(s)acted,executedtheinstrument.
IcertifyunderPENALTYOFPERJURYunderthelawsoftheState of that the foregoing paragraph is true and correct.
WITNESSmyhandandofficialseal.
Signature
(insertnameandtitleoftheofficer) (insertnameandtitleoftheofficer)
(Seal) (Seal)
PurchaserEligibilityCertification(continued)Please read, provide all information, and sign.
page | 14PurchaserEligibilityCertification
Seller/BorrowerName
IndyMacMortgageServicesLoanNumber(s)
Prospective Purchaser Information
First Name
LastName
SocialSecurityNumber orTaxID
PurchaserType Individual Partnership Corporation Trust Other
Address(forovernightdelivery)
City,State,ZIP
Country
Contact Person Information
First Name
LastName
Title
Phone Number
FaxNumber
E-mailAddress
IN WITNESS WHEREOF, the undersigned has executed this Certification as of this day: / /
Name of Prospective Purchaser
Signature
NameofAuthorizedSignatory*
TitleofAuthorizedSignatory*
*AuthorizedSignatoryisonlyrequiredwhentheprospectivepurchaserisabusinessornonindividualentity.
Prospective Purchaser InformationPlease provide all applicable information.
page |15Prospective Purchaser Information
Notice Concerning Legal Action
Anypersonwhoknowinglyorwillfullymakesfalseorfraudulentstatementsordisclosuresinconnectionwiththis
CertificationwillbereferredtotheOfficeofInspectorGeneraland/ortheappropriatelawenforcementofficialsfor
investigationandlegalenforcementandmaybesubjecttofinesand/orimprisonment(18U.S.C.§§1001,1007
and 1014).
Privacy Act Statement
TheFederalDepositInsuranceAct(12U.S.C.§§1819,1821,and1823),5C.F.R.Part3201,12C.F.R.Parts340and
366,andExecutiveOrder9397authorizethecollectionofthisinformation.TheFDICwillusetheinformation
toassistinthedeterminationofwhetheraProspectivePurchaseriseligibletopurchaseassetsunderthelaws,
regulations,andpoliciespertainingtotheFDIC.TheFDICmaydisclosethisinformation:1)tootherfederal,state
orlocalagenciesandtocontractorstoassistinthemarketingorsaleofassets;2)toappropriatefederal,stateor
localagencyorresponsibleauthority,totheextentthatdisclosureisnecessaryandpertinentforinvestigating
orprosecutingaviolationoforforenforcingorimplementingastatute,rule,regulationororder,whenthe
informationindicatesaviolationorpotentialviolationoflaw,whethercivil,criminalorregulatoryinnature,and
whetherarisingbyanystatute,orbyregulation,ruleororderissuedpursuantthereto;3)toacourt,magistrate,
oradministrativetribunalinthecourseofpresentingevidence,includingdisclosuretocounselorwitnessesin
thecourseofcivildiscovery,litigation,orsettlementnegotiationsorinconnectionwithcriminallawproceedings,
whentheFDICisapartytotheproceedingorhasasignificantinterestintheproceedingandtheinformationis
determinedtoberelevantandnecessary;4)toacongressionalofficeinresponsetoawritteninquirymadeby
thecongressionalofficeattherequestoftheindividualtowhomtherecordpertains;or5)inaccordwithany
otherroutineuseappropriatefortheFDIC’sInsuredBankLiquidationRecords,#30-64-0013.Submittingthis
informationtotheFDICisvoluntary.Yourfailure,however,tosubmitalloftheinformationrequestedandto
completetheformentirelycouldresultinyourinabilitytobidonorpurchaseFDIC-heldassets.
Estimated Reporting Burden
Publicreportingburdenforthiscollectionisestimatedtoaverage30minutesperresponse,includingthetime
forreviewinginstructions,searchingexistingdatasources,gatheringandmaintainingthedataneeded,and
completingandreviewingthecollectionofinformation.Sendcommentsregardingtheburdenestimateorany
otheraspectofthiscollectionofinformation,includingsuggestionsforreducingthisburden,toPaperwork
ReductionAct,LegalDivision,FDIC,Washington,D.C.20429andtotheOfficeofManagementandBudget,
PaperworkReductionProject(3064-0089),Washington,D.C.20503.Respondentsneednotrespondtothisrequest
forinformationunlessitdisplaysacurrentlyvalidOMBControlNumber.
LegalNoticesPlease read carefully.
page | 16LegalNotices