Real Estate Owned (REO) Schedule

REAL ESTATE OWNED (REO) SCHEDULE

Parties and Report Identification

Reporting Party:   Investor/Client:

Date of Report:   Report Period Ending:

WHEREAS Recitals

WHEREAS, the Reporting Party is engaged in the servicing, management, disposition or holding of real property assets that have been acquired through foreclosure, deed-in-lieu, or other conveyance ("REO Properties") on behalf of the Investor/Client; and

WHEREAS, the Reporting Party is required to provide a complete schedule and status report for each REO Property to the Investor/Client showing material facts, encumbrances, insurance status, estimated costs, and intended disposition plans; and

WHEREAS, the parties desire to set forth the information and representations for the REO Properties as of the report date and to confirm certain obligations with respect to accuracy, confidentiality and disposition activities.

Schedule of REO Properties

Complete one property block for each REO asset. Attach additional pages if necessary. Fields marked are material to investor review and must be complete and accurate.

Property 1

County:   Assessor / Tax ID:   Date Acquired:

Occupancy Status: Vacant Occupied Abandoned

Estimated Fair Market Value (FMV): $   Outstanding Loan / Lien Amount: $

Additional Properties

Include additional properties on attached pages or repeat the block below for each asset. For convenience, provide brief entries for up to two additional properties here.

FMV: $   Repair Estimate: $   Occupancy:

FMV: $   Repair Estimate: $   Occupancy:

Scope of Work

Payment Terms

Compensation Amount: $   Payment Schedule:

Late Payment: If payment is not received within days of invoice due date, a late fee of per month will accrue on the unpaid balance until paid in full.

Term and Termination

Term Commencement Date:   Term Expiration Date:

Either party may terminate this REO schedule upon written notice to the other party delivered at least days prior to the effective termination date. Immediate termination may be effected for material breach, fraud, or failure to maintain required insurance after a reasonable cure period.

Confidentiality

The Reporting Party acknowledges that information contained in this schedule and any attachments, including property valuations, borrower information, and disposition strategies, is confidential and proprietary to the Investor/Client. The Reporting Party agrees not to disclose Confidential Information except to employees, contractors or advisors with a need to know and who are bound by confidentiality obligations at least as restrictive as those herein, or as required by law with prior notice to the Investor/Client where permitted.

Certification: The Reporting Party certifies that, to the best of its knowledge after reasonable inquiry, the information provided in this schedule is true, complete and accurate as of the report date. The Reporting Party further acknowledges that material misstatements or omissions may constitute breach of contract and may subject the Reporting Party to indemnity obligations.

Governing Law; Entire Agreement

This schedule and any attachments shall be governed by and construed in accordance with the laws of the state specified by the Investor/Client. The parties submit to exclusive jurisdiction of courts within that state for disputes arising under this schedule.

Entire Agreement: This schedule, together with any referenced engagement or servicing agreement between the parties and any attached property detail pages, constitutes the entire agreement between the parties with respect to the subject matter hereof and supersedes all prior oral or written representations, agreements or understandings.

Acknowledgment and Accuracy Certification

The undersigned certify under penalty of perjury that the information contained in this REO Schedule and any attachments is, to the best of their knowledge and belief, true, correct and complete as of the date signed below.

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