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REV: 06-11-25 LF <br />Forbearance Plans <br />If requested by the City, Consultant will charge a flat fee of $395.00 per loan per <br />occurrence to institute a formal forbearance plan (usually in excess of 6 months in <br />duration and with approval of the City). The City may require the borrower to pay this fee. <br />Informal forbearances (usually less than 6 months in duration) to allow a delinquent <br />borrower to catch up and bring their loan current are performed at no charge to the <br />borrower or the City. <br />Loan Modification Analysis <br />1. Preliminary screening and Application Review (each) $200.00 <br />2. Analysis and Recommendation, plus outside costs * $195.00 <br />3. Subsequent Analyses and Recommendations (each) $165.00 <br />4. Loan Document Preparation, plus outside costs * $350.00 <br />5. Document redraws (per occurrence) $165.00 <br />Cancellation Fee: The fee due will be the sum of the fees for tasks (1-4 above) completed, <br />plus one-half of the fee for the task in process at the time of cancellation. <br />* Outside costs include, but are not limited to, title, credit, and appraisal / valuation. These <br />costs are passed through from outside vendors and are subject to marketplace increases. <br />Loan Foreclosure <br />If requested by the City, Consultant will charge the following fees for Loan Foreclosure <br />services: <br />1. Document Preparation: A one-time charge of $455.00 to prepare documents to <br />commence foreclosure proceedings and to manage the foreclosure process on behalf <br />of the City. In addition to the above foreclosure service fee, Consultant will deduct <br />and pay from remittance or bill the City for other costs incurred in the foreclosure <br />process such as, but not limited to, conventional legal fees, sheriffs' deposits, <br />bankruptcy closing costs, fees set by law, etc. These fees will be quoted on a case- <br />by-case basis upon request by the City within applicable statutory limits as pre- <br />approved by the Assistant City Manager or Housing Manager. <br />2. Reinstatement Terms: City reimbursement for foreclosure services rendered, and its <br />costs and other charges will be made by the borrower upon reinstatement or full <br />payment of the Deed of Trust or Mortgage under foreclosure. <br />3. Property Management: $150.00 per property per month plus property management <br />vendor fees. Property preservation expenses remain the responsibility of the City. <br />ATTY/AGR.2025.144/AmeriNational Community Services, LLC d/b/a AmeriNat (Page 28 of 31)