ST9902-ES1010132010 -10- 2114:02 BEASAUTOREPAIR 9729560085»
P 118
Ba * of America, N.A.
Partial Release Division
2380 Performance Dr., Bldg C
TX2. 984 -04 -08
Richardson, TX 75082
(800)- 376 -4140
October 13, 2010
ROBERTO BEAS
100 OAK TRL
COPPELL, TX 75019 -2500
RE: Request for DOT TAKING
Doc ID No.: 000730705302005N
HELOC or 2"d Doc 10 No.: N/A
Order No.: 42292
IMPORTANT INSTRUCTIONS
Dear Borrower(s):
We have received a request for a DOT Taking of property, a portion of which Is held as security for the above
referenced loan.
IN ORDER TO PROCESS THIS TRANSACTION, PLEASE SUBMIT �„ 4 ITEMS SET PORTH BELOW
(EXCEPT THOSE LISTED A8 OPTlONgt,), WE WILL MAKE EVERY EFFORT TO COMPLETE YOUR
REQUEST IN A TIMELY MANNER. IF AN ITEM 1$ NOT SUBMITTED, WRITTEN NOTiFICATON MUST BE
INCLUDED AS TO WHY THE ITEM IS NOT BEING PROVIDED. PARTIAL PACKAGE$ WILL BE RETURNED
TO YOU UNPROCESSED. ALL REQUESTS MUST ALLOW A MINIMUM OF 45 DAYS FOR PROCESSING
AFTER RECEIPT OF ALL MATERIALS REQUESTED BELOW.
REQUIRED ITEMS
1- An review fee
With of $250.00 payable to "BANK OF AMERICA, N.A." The fee must be received
ith your package, payment is required regardless of whether your request is approved or denied. The review
fee is non - refundable. NO PERSONAL CHECKS WILL BE ACCEPTED *;
2. A signed written explanation of the transaction being contemplated including the names and relationships, if
any, of all parties Involved;
3. A copy of any agreement, listing agreement and /or sales contract, if applicable:
4. A signed letter from the borrower(s) stating that they are aware that consideration (proceeds) may be required
to be applied to their loans' unpaid principal balance;
5. A completed Application Form (enclosed). This form must be complete and signed by all Borrower(s). If the
field on the Application does not pertain to your request, please indicate N/A (Not Applicable) in that field. The
Application is required to be submitted with your package:
6. A complete written legal description of the property to be released. Please mark it Exhibit "A ". This Exhibit
must be prepared by a qualified /licensed land surveyor;
7. A complete written legal description of the property to be retained. Please mark It Exhibit "B ", This Exhibit
must be prepared by a quallfied/licensed land surveyor;
8. A survey completed by a qualified /licensed land surveyor, any and all blueprints and /or proposed Plat of the
entire land involved in the transaction. The survey must indicate the old and new boundary tin
improvements, wells, septic systems leach es,
, fields, access to the property, easements, and any existing
encroachments;
9. A copy of a current appraisal dated within 6 months of submittal by a certified /licensed appraiser. The
appraisal must certify the property's before (current) value and the resultant property's after value for the
request, For your information, this appraisal will not be used for lending purposes. You as the borrower
2010 -10- 2114.03 BEASAUTOREPAIR 9729560085>>
P 218
should be listed as the "client" on the appraisal. The appraisal can be on URAR 1004 or Desktop Underwriter
2056 form;
10. The Partial ReieaselReconveyance document to be signed;
11. A copy of this letter;
12. A prepaid overnight air package addressed to the receiver of the executed document. If shipping Instructions
or overnight package are not provided, the executed document will be returned via U.S. Postal Service, First
Class mail;
13. (Optional) The Authorization Letter (enclosed) signed by all Borrower(s) authorizing Bank Of America to
communicate with third - parties who are assisting In this request (example; Attorney, CPA, real estate agent,
Broker, title /escrow company, etc.) Bank Of America will only speak to the borrowers) and those indicated
on this letter. If a party is not listed, Bank Of America will not speak to them in regards to this transaction.
The Investor of your loan may require additional items not stated above in order to review and approve this
request.
Please be advised we will not incur any expenses involved In the finalization of this transaction. Any and all
expenses must be negotiated among the parties involved.
All of the above requirements must be submitted a$ one Complete package to our attention at the following
address;
Bank of America, N.A.
Attn.: PARTIAL RELEA$B DIVISION
2380 PERFORMANCE DR., BLDG C Mail Stop; Tx2- 994 -04 -08
RICHARDSON, TX 76092
If you have any questions regarding this letter, please contact us at (800) -375 -4140.
Very truly yours,
PARTIAL RELEASE DIVISION
Please provide the following information to best reach you at:
Borrower Name;
❑ Home or ❑ Work No.:
Fax No..
2010 - 10.2114:03 BEASAU70REPAIR 9729560085»
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AUTHORIZATION LETTER TO OBTAIN INFORMATION FROM THIRD PARTIES
(Must be Included In package If a third party is to be updated with this request)
To whom this may concern:
Bank of America Is authorized to discuss thls transaction with the following individuals. If a party
is not listed, Bank of America Is not to discuss this matter with any other individual or company:
Name
Address
Name
Telephone Number
Telephone Number
Relationship
Relationship
Address
Name Telephone Number Relationship
Address
Signature of Borrower Dated Signature of Borrower
Dated
Signature of Borrower Dated Signature of Borrower
Dated
2010 -10- 2114:03 SEASAUTOREPAIR 9729560085»
Bank of America, N.A.
2380 Performance Or, Bldg C
TX2- 984 -04 -08
Richardson, TX 75082
(800) 376 -4140
P418
""IMPORTANT INSTRUCTIONS REGARDING YOUR NELOC or SECOND MORTGAGE ACCOUNT ""
Dear Borrower(s):
If you have a HELOC (Home Equity Line of Credit) or second mortgage account with Bank of America, the additional
items below are required regarding your first mortgage If not held by Bank of America.
ADDITIONAL REQUIRED ITEMS
1. Name of first mortgage holder
2, Date first mortgage was opened
3. Original principal balance amount
4. Current principal'balance amount (items 1 — 4 can commonly be satisfied by providing your V1 mortgage holder's
most current payment statement)
S. 12 month payment history
6. Copy of executed partial release or consent document from 1" mortgage holder
7. Copy of approval from your Private Mortgage Insurance carrier (if applicable)
All of the above requirements must be submitted as one complete package to our attention at the following address:
Bank of America
Attn.: Partial Release Division
2380 Performance Dr. Bldg C
TX2 - 984.04 -08
Richardson, TX 75082
08/08/2010
2010 -10- 2114:03 BEASAVTOREPAIR 9729560085»
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Application for Release of Security (This is the name ofw�ht A ai;� I`°- ��r-•-
P{n ation.
Fanny Wee�tmr.numper: _Sr,1,ulCrn "c)- kr.vn °eui:" - ...Lt is used foY J111 r!q,fescs.)
Servitor t ahn tdtntiGtatipn Numbl t; : rput:ari try sr 0onirust
InwltdGwnmaIINumbrr; :nrat•ad W accor.Tr•ast:
Narrower�lNamt >,nd:NailinRAddresi- •"•_"- - - _
t Borrower (s ) NafRe (s 1 Mai 1 in address and MeiUg Address(rs) of Any 0 t1+9r tinliXorn
9 dress Co-maker, Endor9er or GUMAloc
if different Chan Property address,}
Property Adtlrtss -� -- "" _ --
U #1 Ik 1tt)ptlon of Property wan sccw.n lre,runt•m;
(property address �or _ equest} (Can write:
"See Mortgage or Deed of Trusty}
Type of Release Request0 (Check correOponding b x
QrarxnrlEasemem Easement O _ gor type Of request,}
7 ,RcltxxofEammenr Vacation of SASatnent Crinden`nal.nn Condenwation
l Subordin ieion of Mon . e i ' Laercise nl' Enbrtrnr Onmain DOT Tak ang
R 6 o tatatment Easement w, Rdc.ae of P94ona1 Property Timber /Grope
"PanitionofRealProycny Subdivision RdtareptOU.
1 Svbrutul mnof31cvrlryA'rgvi7ition OvlorMinrralRigMx Lease
( lPeniel Release ofRulPropenYFACtial Release •°ww""'cc Rights ,mdofMonterc
Purpage of Proposed Aelerase (allryit tvMe r: ••r rnr rra� ewnwrel or the properly that ra or I%' lArx ed. fi•hkJ, re lvbIlulla:•
(Indicate the reason for the request. The original home can not berlsaset
Tf not applicable,
a Ps.i icabl -w e' , b e Write 6N ir jAded) p14f. ii ._r_ en_ y t eai De
(Can
, ti►Subsritultd _
-'
indicate which Exhibit to refer to.
It not applicable, write N A'r
Paiute Vie of Remainder of Sec ire ly 'vi"_ 1.1 lltetv.- i ow q rt ul c e Ny irt� r•unaciw�l —""^ (indicate what the remaining property will be used for.)
Rgtritlions en Stxvritr lerogerty 113 Resatt'o� Yew Easemeat uF appl,,thlet ' '
(You may refer Co Any agreement sent in with the package.
if not abrilfrisihie --a.— NIA}
Cash (onslder"w"'I IV !k 1`1001ved throus irinyxyfunt
S i•'C r._v re; r.; yqd far c toques:
Less Ded4ctiOng to Cash Protaedt tats.• ou" aM
tat dannwer'r Coa1x to t70uia Relcare
on r Sssen t ary) . r,hars (D)Pt OpenY cults
copy of rectal
P? iAr I::r said Co: ,•f•rovo*c r
(c10tlier
-
ho r ! aos pa aq Amoolt Available for App1)eAtfon to Aeeovnf
SkrtOUlr. CC rid 1)d(t1 Ur, :G ?n
Uegcrtbe anT other etinsidtralitatl re9iiyed by llac•borro)rer(sj:� " ° "' ""--• • - -
Agtscnrcnt Of �orrower(s) "- "— --�•- -^— . • . .
BY applyiat fw tart release uf+eeuriq deuntva abpYt, /ba undirtsiynai twrtowellU heriby state Iha/ Fanrjt Ma< mar. er iu oplan..pplr any of the prt,ctx41
frnfil IAit O'anaattirM 10 Yai,, LVaarlleMS. ftoYM1 IrAli. tncv,aat:• MIU 0( improvtmama Of Ira M1116%, or to swh other items is it may ecem proper or to IN
b6rrew9r i eivistaading mortgage bulatt r. 8orrowerta) funher arroh $hat no ci$ktt a Rmeaiea of Famlto Mae under rile Irenalsc are or.4iall be waived. lirlVled,
or inanvilte4 in any • ay by any volioa taktd all rids apptifa0oa. 11 is vndrrnow amt +@rata 0f1 all to.v or thiam.et inetwrrJ In eoanceisoa with IN uurtWatwn
and WIl"If" aI Ihlt, e1e4ta invedigatian and repons, properly intpecuons W appraisal report, preparatiba and recordation of inswumenL%or other Items incident
to Ise 01144oratinn of We WIlealien of CoMYmmohan of Mr lraatgtuan `•`111 M paid 11Y lbt bOff9WCr(,A 11 is further agrcad rain 1119 botrowenx) wan et9tvlt alt
in vivsiwntr or pipers accessary M required by f annie Mee in cmvicttion with /hie aauaactiont and will nMain the rnnaeM or waivee of any nhlitenr. Ctim:kcu.
endorsers. gvnWnets. etc IL Ile, apppteltno
(A the rvrol of the withglawal or ielevlioh of Ihit applitaliou M lailure or refv +ei on pet of Mt ?"'Tnwo,id to exeeuIv the 119MIkY inauumenit at paper, on
`vgvgA' oetntnt herein commend of action taken in conformity hcve •ith thall tee deemW to coa<I,tule a lotbtataace. of Mnuon. of prc)u&v or r0 impair or 4NGCI
Fannie Mte'r tin?la or hr.welics vildel the "Wn,:)�e.
Ad alateme,n, meet at tunttetlion ACtewiih aria COrllalnea bneh, 4r9 malt rot the pvritore of indvhng Fanny mx to Fran, •:1: ie,lueal lei Into no comet. Ir to the hat nrthe anrlwltd ya Ynd MNtf Or the w14w14-11:11'd Tenn herein and ore ,d boeNwtrtal.
ElatedAv City 1, R:Ot0
day -if Kaa1Lt� IC��4r TM _
ZALL BORROWERS
Agreement of Any t)tAer OAlitor, t:o- Maker, Endorser, or Qwrantor ��'. "�' •"`� .. - ...- -^—.
The nndtrAFcrd. king W4pita for Ilia psYT.tm Of" rnatraja ihaehlt4neal Routed ry the abotx deuribu progeny, hersby consenu to rAe ttacurion Of Ihil
.ppliv,Iian b"wetn the rbove•drrrribed 4*,rpwer(xl _ad ptobir ht W` and funkier Con trma W aeY aet,on IAtn b, faMie Aiae P'wsua tt Vittorio.
.h,I': rrty.c. ...— �. .�. IVaK• t;tt,t:y:, -.�_.. +... .. •� —� .. •—� —,,,
2010 - 10.2114:03 BEASAUTOREPAIR 9729560085»
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Bank ofknerzca
PARTIAL RELEASE DIVISION
2380 Performance Dr
Richardson, TX 75082
Phone (800) 3764140 option 2
Specializing in the processing of subdivision, partial release, acquisition
easement, avigation easement and re- subdivision requests
COMMONLY ASKED QUESTIONS
Q. Can the administration fee be waived?
A. No. The fee is also non - refundable,
Q. Can i pay the administration fee or contingency amount with a personal check?
A. money order. The administration fee
money and/or contingency payment must be in the form of certified /cashier's check or
The check is to be made out to "Bank of America, N. A."
Q. Do I have to submit all of the items an the initial requirements letter?
A. Yes. The initial requirements letter is designed to collect all of the required items the investor needs to review
the request. These items describe to the investor what is proposed and what effect the request will have on the
remaining property encumbered by the loan.
Q. What if I do not submit all of the required items on the initial requirements letter?
A. If you chose not to submit any of the required items on the initial requirements letter, ou � include an
explanation as to why the required item(s) is not submitted. The investor will review the request and determine if
Y
they will accept the explanation or if they will require the item(s) to be submitted for review, If an explanation is
not included with your package, your package will be deemed incomplete and return ed to you unprocessed. This
will cause a delay in the processing of the request.
Q. /Tow do 11111 out the Application for Release of Security?
A. Enclosed with the requirements letter is an example of what needs to be provided on the application_
Q. Can my request be rushed?
A. Ail complete requests are handled as quickly as possible. Due to an increase of submitted requests, please
allow 45 business days for the processing of the request. The processing of the request can be slightly delayed if
the loan carries PMI insurance or requires investor final review,
Q. Can the requirement for the appraisal be waived?
A. No. Baitk Of America cannot waive the requirement of the app
because the investor requires proof of the value of your propert eforeland�afterthehrequest, If you hooselnot t(
send in the appraisal, you MW submit a letter ex lainin wh the a
Q. Can I use an appraisal that Is over six (6) months old? $ y ppraisai is not included with your request.
A. No. All appraisals submitted must be dated within six (6) months of receipt of the complete request.
Q. What type of appraisal is to be submitted?
A. The appraisal should be on the URAR 1004 or Desktop Underwriter 2055 form. It must include the value of
your property before (current) and the value of your property after (remaining) the request is cooapteted.
only ne appraisal is needed with both values being indicated in the report . he before value should be
reflected in the-Addendum of the repon. Land Appraisals will only be accepted if the request is in lieu of eminent
domainJeondemnation. We care not recommend an appraiser to employ, We also cannot provide a minimum
required value of the property, The appraiser must be licensed/certified in the state in which the property is
located. Bank of America, N.A. is not to be listed as the client on the appraisal.
2010 -10- 2114:03 BEASAUTOREPAIR 9729560085»
Isar iv dnri Leirtde
Application for Release of Security
Fannie Elul• lawn Nullshrr,
.lvrviwr Lopn hhatiriculho Nunth,.
Borrower's Name and
rpe or Release Requested
Q Otwu of Eatatolcnt
Q Rokiue of Basement
Q Subordiomian of Muttgugc in Easement
Q Partition of Reml Proporey
O Suhrlitutiou of Security
❑ Panial Rckdao or Rest Property
�•o.� %il any weaning Addressles) or Any Other Ob
Co•maker, Endorser or Ouarantof
uv;ml Description or Property lrrmn )purity InxtNtru„{r
Q CundCrrawlitn!
Q Exereixc or Eminent Dtannin
Q 110cexc df Per.unul Properly
0 Release di OR, 049, to Mhie(al RlKitlx
❑ Waiver of Righu under Mortgage
w<at�,x yr ton prnpeny rant it to he rcteumj, divided. or •uNtiluled)
Legal Deecrlptton or Properq 10 be Released, Dlyldedr or Subatltuted
atatre Uie or Remalnder of Security Properly I Kmws how it if of wI'd by the rttln.ecdml
RestrIcIGs on Saeurity Property as Resuts of New Basement tirapPi exhlel
Cash Conslderatton to be Reeelved tltrongh 7lrengaetiont S
Less Deductions to Cash Proceeds Ithow purpme sad annum)
(a) BOfmwer'a Coale to Obtain Release 4
(b) property improvetnenVRoslomllon Costa f
(c) Other
•S
Amount Avaltable for Appilestion to Account s
Deecrlbe any other consideration received by the borrowerisl:
Hy at—r; t1H teltaee of savrity described obovC. the odderfigMd borrowolsl hereby agree Ibu Pu)nir Mae Iney. ae its option, apply any of the procreds
snare this tranaxtbn to fast, aArerameAp. gttwtvf salts. insurMee, raxta Mimprovennenu or restoration, or 1e such other items as u may dean, proper t■ k, the
Fxm r -itv's lwplaltdleg tnegage bdutce. 8ortowarlst further ague that no rights of remedies of Pmuits Mile under the irmSejt are or shaft be wstved, limited,
or IlnpAlead in Arty wsy by tiny Ration taken an this 4098ti9+. it is underlined end s freed that fit east$ or eapeneaA Incurttd In caar>Reion with It" etaninatiol
and perfeeuan or lick, Credit krvestigatlon and repneut. property inspeetiuns or appraisal reponsr prepdruitkt add CecoMation ar tnxinnno . or tnebtr rtrnu inciJent
IQ the consideration or this w1k -sikxa or contamination order Iranracth+n will b paid by tine borrowar(s). It If further syrad that ate bum wens, will eatevte al!
tnxautntnu or ptpeP necessary orttqutrod by Fannie Morin cmtrteellem bilk this asna mire lard will omoia the ctnnreht or waiver ar any ohilgm, po-mu►ers.
tendnrurs_ gusruwOrs. tic. to this upplkntitnt.
In the event of the withdrawal or (*01an of this applienikn or r6iwre or rufuso nn pan of the Nirrowerts) to asecdle the iwcesspry, iourvmemr W Papers (aI
teyuexl. TRI"og hCfein writ4ned of "Olin 1a ►ea in Vonrimaify heraw•trh salt he tkentetl to t.9ulxhitute a f «heacuA-e. extMSirvl. nr prciudk•e nr Nt rnip,lir 1M nQn•I
Fnttn'ra MAt's rights w rentedicr vtdter the naine 4ge.
All gattmemt sonde in ctnneclinn herewith and �, ankined herein art atede for the purprttd of Wvcinp Fanpit MN to grwt tin rett"M 3e1 forth heroin wed in
nut pod unmplere to Ills heal of list 4mnelN100 toes, littler of IN wWenigrwd NWMWCRal.
• i8wnn�:r'..4y;untnrs, .._ —.• ••_._ _ ...
AV —man) of Any Other Obligor, Co•Makar, Endorser, or Guarantor
Tke undatsigited. Acing oNisated fee the poyment of the motaagr letdebfednest ut ured by the ahpra detcribad property, la rehy «slsdna to the exerutinn or Ihi,
applicatipo between the uttovt tkftrihd lan"Wenr) and Famtie Moe amt further vital Anse tit uvy w taut taken by Fwntk Mae purwan, thereto.
tiigasfurel rpaltl RSiyu;Nwel '--' sU.ue!
tSigrxdutet t!)akr iCtynatwrt - •• --_ _ _...• ,. ... _ t ».,let
P 7/8
2010 -10- 2114:03 BEASAUTOREPAiR 9729560085»
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Q, What clots "LTV" mean?
A. "LTV" means Loan to Value. LTV is the Percentaue derived froln thr lien's balance divided into a 1lropertN
value.
Q• What does "CLTV" mean?
A. "CLTV" means Combined Loan to Value. CLTV is the percentage derived from the total of a first and secorn
loans' balance divided into a property value.
Q. What is the highest amount the after LTV and/or after CLTV can increase for a request?
A. As each loan's LTV and CLTV are different, this can not be determined until a request is reccived. The
general guideline is the after loan's Loan to Value CLTV") and /or after Combined Loan to Value (-CLTV") mu.,
be equal to or less than the before LTV and/or before CLTV,
Q. Will 1 have to pay down my mortgage?
A. The investor may require funds to be applied to the loan's unpaid principal balance or to bring the loan eurren
as a contingency for approval of the request (if applicable). This amount is determined by the appraised values
submitted.
Q. Can I use the survey /map from the time I took out the loan?
A. Yes, as long as it clearly defines the areas involved in the request. Othcrwise, a new survey /map should be
submitted. Bank of America can not recommend a surveyor for the request.
Q Why must the document be submitted?
A. Submitting the document with the request assists in the processing of the request. If you cannot. provide the
document, please enclose a letter asking Bank of America to prepare the document. However, all easement
requests require the document to be provided. Also, if the property is located in the states of Alabama, Georgia or
Texas, the document must be provided to Bank of America.
HELPFUL INFORMA'T'ION
• A complete package will assist in processing your request timely.
• Incomplete packages will be returned to the sender,
• Allow a minimum of 45 business days to process the request.
o The loan must be current and have had 12 months of payments made.
0 The loan must not have been more than 30 days past due more than once in the most recent 12 -month period.
• A principal reduction may be required to the loans' unpaid principal balance if the after (remaining) value of the
Property is less than the before (current) value of the property. This amount is calculated with the values
provided in the request.
• If required, the Preliminary Title Report must reflect the property being acauirt , It is to be dated within 45 days
of the submittal of the request. It must include complete Mortgage/Deed of Trust information, loan amount, and
recording information, and any delinquent taxes. If the report lists other liens or judgments, we require proof
submitted with the request that the liens or judgments will be removed prior to the completion of the lot line
adjustment, or we must receive an Indemnification letter for each lien or judgment that will not be removed after
completion of the request.
The investor may require additional items not listed on the requirement letter to review the request.
Other Questions?
Please call Bank of America at 800 -376 -4140 option 2
0 50ntc of Am•rtaa