Short Sale & Foreclosure Defense Rate Sheet

Law Office of Conrad Willkomm, P.A.

590 11th Street South

Naples, FL 34102

(239) 262-5303

Fax (239) 262-6030

conrad@swfloridalaw.com

SHORT SALE / DEED IN LIEU / FORECLOSURE DEFENSE

RATE SHEET

1. SHORT SALE PACKAGE                                                                 $850.00       

• Realtor or Seller will  provide the sales contract to our office.
• Realtor or Seller must provide all necessary documentation, including contract, financials required by lender, outstanding amounts due to homeowner/condo associations and any amounts to be listed on the HUD-1 Settlement Statement to be paid by the lender.
• We will prepare the HUD-1 Settlement Statement and forward the financial package to the lender.
• We will continue to monitor the progress of the short sale process with the lender and keep the parties apprised of the status of the sale.
• OUR OFFICE WILL DEAL WITH THE HOURS AND HOURS OF REQUIRED PHONE CALLS.
• We will list an additional fee for our services on the HUD-1 Settlement Statement submitted to the lender, which will reduce the payoff to the lender.

2. LOAN MODIFICATION PACKAGE                                                          $850.00

• Meet with homeowner and obtain necessary financial documents to submit to lender to request modification of loan.
• Our office will submit financial package to lender to initiate request for modification of loan.
• OUR OFFICE WILL DEAL WITH THE HOURS AND HOURS OF REQUIRED PHONE CALLS.
• Our office will monitor the lender’s progress of the file and keep the homeowner apprised of the status.
• If our office is successful in obtaining a modification, the homeowner’s shall pay an additional fee of: 
  • $1,500.00 if interest rate is reduced by at least 2%
  • $1,250.00 if interest rate is reduced by at least 4%.
  • 50.00 if interest loan is converted from a variable to a fixed rate.

3. DEED IN LIEU OF FORECLOSURE NEGOTIATION- INCLUDED IN ALL SHORT SALE AND/OR LOAN MODIFICATION PACKAGES

• Meet with homeowner and obtain necessary financial documents to submit to lender to request deed in lieu of foreclosure.                          
• Submit financial package to lender to initiate request for deed in lieu of foreclosure.
• Monitor the lender’s progress on the deed in lieu of foreclosure and keep the homeowner apprised of the status.
• OUR OFFICE WILL DEAL WITH THE HOURS AND HOURS OF REQUIRED PHONE CALLS.
• If our office is successful in obtaining a deed in lieu of foreclosure, the homeowner shall pay a fee of $1,500.00 at the completion of the case.

4. FORECLOSURE DEFENSE                            $1,750.00 – INITIAL PAYMENT

                                                                               $ 195.00 – MONTHLY MAINTENANCE FEE

• Meet with homeowner and review Complaint filed by Plaintiff
• Prepare response to Complaint and file same with the Court. Includes, 
•         Motions to dismiss,
•         Answers, and/or
•         Affirmative Defenses
• Appear at ALL hearings on behalf of homeowner.
• File any appropriate discovery documents on behalf of homeowner, including
•          Requests for production,
•          Requests to admit, and/or
•          Interrogatories
• Work with Realtor and homeowner to procure a contract for the subject property.
• Negotiate short sale on behalf of homeowner (see #1 above for terms of representation for short sale).