Home Loan Default Fees

This schedule provides general information on common non-state specific costs that could be associated with a mortgage loan account. It is not a complete list of all costs that could be assessed to such an account. This schedule is provided for informational purposes only.

The frequency of the costs will depend on how often services are requested or required, your payment status and both investor and legal requirements.

Default costs follow state and local requirements as well as investor and insurer guidelines which often vary based on loan type, outstanding balance, payment status as well as property location, size and condition.

Default and Bankruptcy costs reflect the amount of the invoice paid to third party vendors for a service performed. No representation or warranty is made in regard to the services provided or the effectiveness of any treatment or remediation action which may be taken.

Category	Default Costs
Sub-Category	Valuations Cost
Type	Broker Price Opinion (BPO)^,^,
Description	We ask real estate brokers or other qualified individuals to provide an estimate of the market value of property.
Amount Changed	$0-$140 range per event.
Category	Default Costs
Sub-Category	Valuations Cost
Type	Full appraisal^,^,
Description	We ask appraisers for an appraisal of fair market value based on an inspection of the interior and/or exterior of a property.
Amount Changed	$0-$700 range per event.
Category	Default Costs
Sub-Category	Valuations Cost
Type	Automated Valuation Model (AVM)^,
Description	We may determine the estimated market value of the property by using statistical data pertaining to the area where the property is located.
Amount Changed	Not applicable
Category	Default Costs
Sub-Category	inspection Cost
Type	Inspection^,^,
Description	Inspections are performed to ensure that your property is occupied and appropriately maintained. This may occur if you are behind on your payments
Amount Changed	$10-$30 per inspection
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Photos^,^,
Description	We may have contractors take photographs to document property condition and/or property preservation services performed.
Amount Changed	$0-$210 over life of default
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Securing the Property^,^,^,^,
Description	If the property is discovered to be vacant and/or abandoned,contractors may be hired to secure the property. Services may include, but are not limited to, an initial secure of the property and, re-keying locks, securing doors; installing slide bolts, locks, barrel bolts, deadbolts and padlocks; installing security doors with padlocks; and/or boarding or bracing garage doors or windows.
Amount Changed	$30-$1,200 over life of default
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Securing In-Ground and Above Ground Pools, Spas, Jacuzzis and Hot Tubs^,^,^,^,
Description	If the property is discovered to be vacant and/or abandoned, contractors may secure pools, spas, Jacuzzis and/or hot tubs. Services may include, but are not limited to, securing, covering, draining, disassembling, chlorinating and/or boarding or repair.
Amount Changed	$40-$2,600 over life of default
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Lawn Care/Snow Removal^,^,^,^,
Description	If the property is vacant and/or abandoned, contractors may be retained to perform lawn care or snow removal. Services may include, but may not be limited to, periodically watering, trimming shrubs and/or cutting the grass. Snow removal may include removing snow from the entry walk, porch and/or driveway.
Amount Changed	$0-$240 per event
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Plumbing, Electrical, Heating & Cooling System Maintenance & Repair^,^,^,
Description	If the property is vacant and/or abandoned, we may have contractors repair and/or maintain the systems on the property including the plumbing, electrical, heating & cooling systems.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Winterize/De-winterize^,^,^,
Description	If the property is vacant and/or abandoned, steps may be taken to protect the property from winter elements. Services may include but are not limited to, draining plumbing and heating systems, maintaining water services to houses where a community water service is involved, and/or turning off water supply to the property, etc. and may include the use of air pressure and/or adding anti-freeze to prevent freeze-ups.
Amount Changed	$0-$800
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Debris Removal/Personal Property/Vehicle Removal^,^,^,
Description	If the property is vacant and/or abandoned we may have contractors remove debris. Services may include but are not limited to the removal of hazardous or non-hazardous material, trash or personal property left behind (including non-functioning appliances, abandoned automobiles, boats, motorcycles, recreational vehicles and trailers or personal property).
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Utilities
Description	If the property is vacant and/or abandoned, we may make water, electric and/or gas utility payments directly to the utility company and charge against the loan at the same amount.
Amount Changed	Based upon local utility rates.
Category	Default Costs
Sub-Category	Property Preservation Costs
Type	Damage Repairs^,^,^,^,
Description	If the property is vacant and/or abandoned, we may have a contractor conduct repairs to address and fix identified damages to a property or otherwise take measures to prevent further damage from occurring.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Health & Safety Costs
Type	Cleaning^,^,^,
Description	If the property is vacant and/or abandoned, we may have contractors provide cleaning services to address any Health and/or Safety issues. Services may include but not be limited to general cleaning, and cleaning refrigerators, stand alone freezer and toilets.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Health & Safety Costs
Type	Mold Remediation or Treatment^,^,^,
Description	Services may be provided to treat or remediate mold or mold related damage in an attempt to prevent further damage and/or deterioration of the property. Molds, fungus, mildew, and similar organisms ("Mold Conditions") may exist in the Property of which the Servicer is unaware and has no actual knowledge.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Health & Safety Costs
Type	Capping Gas, Water, Sewer, Electrical^,^,^,
Description	If the property is vacant and/or abandoned, we may cap gas, water, sewer lines and/or exposed electrical wires.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Health & Safety Costs
Type	Extermination & Pest Control Services, Termite Inspections and/or treatment^,^,
Description	If the property is vacant and/or abandoned, we may coordinate fumigation by an extermination company. Services may include but are not limited to removal of vermin or other animals, termite inspection and/or treatment.
Amount Changed	Based upon a bid by third party contractors.
Category	Default Costs
Sub-Category	Foreclosure Costs
Type	Attorney/Trustee Costs
Description	These are attorney costs incurred and assessed with respect to the foreclosure process. Trustee costs may be charged in non-judicial states.
Amount Changed	$110-$2,975 over life of default
Category	Default Costs
Sub-Category	Foreclosure Costs
Type	Process Server
Description	We may have a process server who notifies all parties in interest of legal action in accordance with appropriate legal standards
Amount Changed	$0-$1,500 over life of default
Category	Default Costs
Sub-Category	Foreclosure Costs
Type	Publication/Posting
Description	We may be required to advertise or publish notice of a foreclosure sale.
Amount Changed	$0-$1,500 over life of default
Category	Default Costs
Sub-Category	Tile Costs
Type	Title Cost^,
Description	This is the cost for the title report, utilized by the trustee or foreclosure attorney. The cost may be based on unpaid principal balance (UPB). Prior to initiating foreclosure action, we must confirm lien position and interested parties.
Amount Changed	$0-$1,200 over life of default
Category	Default Costs
Sub-Category	Tile Costs
Type	Title Search Cost^,
Description	This is the cost for the title search or abstract of title.
Amount Changed	$0-$900 over life of default
Category	Default Costs
Sub-Category	Tile Costs
Type	Title Update Report^,
Description	The trustee/foreclosure attorney may order a continuation of title report to use as a basis for securitizing title and the identify of persons with an interest in the property.
Amount Changed	$25-$200 over life of default
Category	Bankruptcy Costs
Sub-Category	Bankruptcy Costs
Type	Bankruptcy Costs
Description	Once a bankruptcy is filed, attorney costs may be incurred as part of the bankruptcy process
Amount Changed	$0-$2,025 over life of bankruptcy

Category	Sub-Category	Type	Description	Amount Changed
Default Costs	Valuations Cost	Broker Price Opinion (BPO)^,^,	We ask real estate brokers or other qualified individuals to provide an estimate of the market value of property.	$0-$140 range per event.
		Full appraisal^,^,	We ask appraisers for an appraisal of fair market value based on an inspection of the interior and/or exterior of a property.	$0-$700 range per event.
		Automated Valuation Model (AVM)^,	We may determine the estimated market value of the property by using statistical data pertaining to the area where the property is located.	Not applicable
	inspection Cost	Inspection^,^,	Inspections are performed to ensure that your property is occupied and appropriately maintained. This may occur if you are behind on your payments	$10-$30 per inspection
	Property Preservation Costs	Photos^,^,	We may have contractors take photographs to document property condition and/or property preservation services performed.	$0-$210 over life of default
		Securing the Property^,^,^,^,	If the property is discovered to be vacant and/or abandoned,contractors may be hired to secure the property. Services may include, but are not limited to, an initial secure of the property and, re-keying locks, securing doors; installing slide bolts, locks, barrel bolts, deadbolts and padlocks; installing security doors with padlocks; and/or boarding or bracing garage doors or windows.	$30-$1,200 over life of default
		Securing In-Ground and Above Ground Pools, Spas, Jacuzzis and Hot Tubs^,^,^,^,	If the property is discovered to be vacant and/or abandoned, contractors may secure pools, spas, Jacuzzis and/or hot tubs. Services may include, but are not limited to, securing, covering, draining, disassembling, chlorinating and/or boarding or repair.	$40-$2,600 over life of default
		Lawn Care/Snow Removal^,^,^,^,	If the property is vacant and/or abandoned, contractors may be retained to perform lawn care or snow removal. Services may include, but may not be limited to, periodically watering, trimming shrubs and/or cutting the grass. Snow removal may include removing snow from the entry walk, porch and/or driveway.	$0-$240 per event
		Plumbing, Electrical, Heating & Cooling System Maintenance & Repair^,^,^,	If the property is vacant and/or abandoned, we may have contractors repair and/or maintain the systems on the property including the plumbing, electrical, heating & cooling systems.	Based upon a bid by third party contractors.
		Winterize/De-winterize^,^,^,	If the property is vacant and/or abandoned, steps may be taken to protect the property from winter elements. Services may include but are not limited to, draining plumbing and heating systems, maintaining water services to houses where a community water service is involved, and/or turning off water supply to the property, etc. and may include the use of air pressure and/or adding anti-freeze to prevent freeze-ups.	$0-$800
		Debris Removal/Personal Property/Vehicle Removal^,^,^,	If the property is vacant and/or abandoned we may have contractors remove debris. Services may include but are not limited to the removal of hazardous or non-hazardous material, trash or personal property left behind (including non-functioning appliances, abandoned automobiles, boats, motorcycles, recreational vehicles and trailers or personal property).	Based upon a bid by third party contractors.
		Utilities	If the property is vacant and/or abandoned, we may make water, electric and/or gas utility payments directly to the utility company and charge against the loan at the same amount.	Based upon local utility rates.
		Damage Repairs^,^,^,^,	If the property is vacant and/or abandoned, we may have a contractor conduct repairs to address and fix identified damages to a property or otherwise take measures to prevent further damage from occurring.	Based upon a bid by third party contractors.
	Health & Safety Costs	Cleaning^,^,^,	If the property is vacant and/or abandoned, we may have contractors provide cleaning services to address any Health and/or Safety issues. Services may include but not be limited to general cleaning, and cleaning refrigerators, stand alone freezer and toilets.	Based upon a bid by third party contractors.
		Mold Remediation or Treatment^,^,^,	Services may be provided to treat or remediate mold or mold related damage in an attempt to prevent further damage and/or deterioration of the property. Molds, fungus, mildew, and similar organisms ("Mold Conditions") may exist in the Property of which the Servicer is unaware and has no actual knowledge.	Based upon a bid by third party contractors.
		Capping Gas, Water, Sewer, Electrical^,^,^,	If the property is vacant and/or abandoned, we may cap gas, water, sewer lines and/or exposed electrical wires.	Based upon a bid by third party contractors.
		Extermination & Pest Control Services, Termite Inspections and/or treatment^,^,	If the property is vacant and/or abandoned, we may coordinate fumigation by an extermination company. Services may include but are not limited to removal of vermin or other animals, termite inspection and/or treatment.	Based upon a bid by third party contractors.
	Foreclosure Costs	Attorney/Trustee Costs	These are attorney costs incurred and assessed with respect to the foreclosure process. Trustee costs may be charged in non-judicial states.	$110-$2,975 over life of default
		Process Server	We may have a process server who notifies all parties in interest of legal action in accordance with appropriate legal standards	$0-$1,500 over life of default
		Publication/Posting	We may be required to advertise or publish notice of a foreclosure sale.	$0-$1,500 over life of default
	Tile Costs	Title Cost^,	This is the cost for the title report, utilized by the trustee or foreclosure attorney. The cost may be based on unpaid principal balance (UPB). Prior to initiating foreclosure action, we must confirm lien position and interested parties.	$0-$1,200 over life of default
		Title Search Cost^,	This is the cost for the title search or abstract of title.	$0-$900 over life of default
		Title Update Report^,	The trustee/foreclosure attorney may order a continuation of title report to use as a basis for securitizing title and the identify of persons with an interest in the property.	$25-$200 over life of default
Bankruptcy Costs	Bankruptcy Costs	Bankruptcy Costs	Once a bankruptcy is filed, attorney costs may be incurred as part of the bankruptcy process	$0-$2,025 over life of bankruptcy

Margin