DEFICIENCY WAIVER LANGUAGE

DEFICIENCY WAIVERLANGUAGEBY LIENHOLDERDECEMBER 2014

DEFICIENCY WAIVER LANGUAGE, BY LIENHOLDERProvided by Ark Law Group, as of December, 2014Every mortgage lender uses different wording in short sale approval letters to indicate whether they will waive a deficiencybalance. Here is what Ark Law Group sees in approval letters every day. (To be certain your lender has waived yourdeficiency balance, you should consult an attorney.)LIENHOLDERDEFICIENCY LANGUAGEAmerica's Servicing Company(ASC)"However, if you comply with the requirements of this Notice of Short SaleApproval and the mortgage is released, America's Servicing Company will waiveits right to seek a deficiency balance under the mortgage note and/or relateddocuments."Bank of America, N.A."Bank of America, N.A. and/or the investor on your loan and any mortgageinsurers will not ask you to pay any more on your loan and will consider the debtsettled. This means you will not need to pay the remaining deficiency balance ormake any more payments on this loan in the future if you follow the terms andconditions of this approval and the short sale is completed."Bank of America, N.A. (FHA)"Bank of America, N.A. and/or the investor on your loan, the FHA, and anymortgage insurers will forgive the remaining portion of the deficiency, whichmeans that you will no longer be responsible for that portion of the loanbalance. This also means that you will not need to pay the balance remainingover and above the value of the property, or make any more payments on thisloan in the future, if you follow the terms and conditions of the short sale andthe transaction is completed."Bank of America, N.A. (VA)"The VA, Bank of America, N.A. and the investor on your loan and any mortgageinsurers will not ask you to pay any more on your loan and will consider the debtsettled. This means you will not need to pay the remaining deficiency balance ormake any more payments on this loan in the future if you follow the terms andconditions of this approval and the short sale is completed. The lien on theproperty will be released, and you will have no more responsibility related tothis mortgage loan from Bank of America, N.A. and/or the investor."Bayview Loan Servicing, LLC"Upon receipt of the net sales proceeds, we [Bayview] will issue a discharge ofmortgage and will not pursue deficiencies on approved short sale as long as allparties have acted in good faith before, during and after the short sale closes."BSI Financial Services, Inc."Provided that the closing and funds meet the requirements outlined herein, BSIwill not pursue its right to deficiency, if any."

Caliber Home Loans, Inc.".by Caliber Home Loans, Inc., as its attorney in fact, in releasing its securityinterest in this owner-occupied real property, waives the right to collect thatamount that constitutes full payment of the secured debt."Capital One, N.A."Further, Capital One agrees that it will not pursue recovery of the remainingbalance due or pursue any deficiency action on the Mortgage Loan against theMortgagor/Seller (except as set forth in item 15 or 16 above [N/A])."Carrington Mortgage Services"Once the sale closes in accordance with the terms specified above, we willaccept the sale proceeds as full satisfaction of your mortgage and note. Anyremaining amount of indebtedness will be fully discharged on the mortgage andwe will release you from all responsibilities for repaying your mortgage andnote"Cenlar"Seller will be released from liability for any deficiency amounts associated withthe mortgage loan, except for the above Promissory note, if any, upon closing ofthe Short Sale and strict compliance with these instructions."Chase"Any deficiency balance remaining on the loan secured by the propertyreferenced above will be waived."CitiMortgage, Inc."Upon receipt of the sale proceeds and each of the conditions outlined hereinbeing met; CitiMortgage, Inc. will release its mortgage on the property and willnot pursue the customer for the remainder of the debt."Dovenmuehle Mortgage, Inc."This transaction will be reported to the credit bureau as 'Settled in full for lessthan total payoff.'"Green Tree Servicing, LLC"Upon receipt and verification of good funds. Green Tree will release the deedof trust/mortgage and the Note will be settled in full."Guild Mortgage Company"There will be no deficiency judgment filed by Guild Mortgage Company."HomeStreet Bank"Upon receipt of the agreed amount, HomeStreet Bank and itsinvestors/insurers will waive the remaining balance due on the abovereferenced loan and release the borrower/seller from further obligation therein,and waive all rights to pursue further judgment or deficiency."HSBC"Mortgage Service Center [HSBC] will be issuing a Waiver of DeficiencyAgreement if all conditions to the approval of the short sale have been compliedat time of closing."

Key Bank"If all conditions short sale have been complied with at time of closing you areapproved by the owner/investor of your mortgage loan for a deficiency waiverreleasing you from liability for any outstanding obligation under the currentNote and Mortgage, Deed of Trust, or Security Deed (the 'Security Instrument'.)"M&T Bank"M&T will release its mortgage/deed of trust in the property securing the abovereferenced account. In addition, M&T has agreed to your request that M&T willnot pursue collection of the remaining loan balance."Nationstar Mortgage, LLC"Upon meeting all the conditions specified in this letter, Nationstar Mortgageagrees to (1) file a withdrawal of the Notice, 2) provide any documentsnecessary for release of mortgage after we receive the required funds, and 3)waives the right to collect that amount that constitutes full payment of thesecured debt. "Ocwen Loan Servicing, LLC"Ocwen has approved the short sale offer as full and final satisfaction of themortgage indebtedness for this lien. Ocwen agrees to waive the remainingbalance due on the referenced loan or such waiver is required by state law and,therefore, Ocwen will release the Borrower(s) from further obligation uponsuccessful completion of the short sale. Furthermore, Ocwen agrees to waive allrights to pursue for further judgment or deficiencies, costs, fees, interest orexpenses in association with the referenced loan. Ocwen further agrees that itshall not transfer any further obligations or rights to pursue further judgment ordeficiencies to a third party debt-collector."Ocwen Loan Servicing, LLC(FHA)Because this is a FHA loan, potential deficiencies are covered in MortgageeLetter 2008-43 from HUD and FHA, which read in pertinent part: “The PreForeclosure Sale (PFS) option allows mortgagors in default (resulting from anadverse and unavoidable financial situation) to sell their home at FMV and usethe sale proceeds to satisfy the mortgage debt even if the proceeds are lessthan the amount owed”. No additional deficiency-waiver language is necessaryin the approval letter issued by the servicer in light of this fact. Moreover, themortgagee letter goes on to read in pertinent part: “Upon receipt of the portionof the sales proceeds designated for mortgage satisfaction, the mortgagee willsatisfy the mortgage obligation ”Penny Mac"PENNYMAC will prepare and send for recording a lien release in full satisfactionof the mortgage, foregoing all right to personal liability or deficiency judgment."Planet Home Lending"No loss deficiency is to be pursued."

Provident Funding"Upon successful completion of this transaction, the investor will not pursue anyfurther deficiency claims, if applicable, as long as all borrowers have acted ingood faith and in compliance with all applicable local, State, and federal law andrequirements of this short sale transaction."Residential Credit Solutions(RCS)"Residential Credit Solutions, Inc. (RCS) will not pursue any deficient balance asa result of this approved transaction, if all conditions in relation to this approvalare met."Rushmore Loan ManagementServices, LLC"In entering into this Settlement Agreement, the owner of your loan agrees towaive any further claims, deficiency judgments or other actions that it has inconnection with the Mortgaged Property."Select Portfolio Services, Inc.(SPS)"Please take note that the note holder, in releasing its security interest in thisowner-occupied real property, waives the right to collect that amount thatconstitutes full payment of the secured debt."Selene Finance LP"It is agreed that the Note holder(s) will consider the Note paid in full uponfollowing the closing and receipt of any subsequent claims by the MortgageInsurer. At that time, Selene will release the lien(s)."Seterus"Upon completion of all Terms and Conditions listed in this Agreement, we[Seterus] will execute a release and a discharge of the deed of trust/mortgage,including any deficiency balance and, if necessary, will dismiss any pending legalaction to collect this obligation."Shellpoint Mortgage Servicing"Upon receipt of certified funds, the debt will be considered to be fully satisfiedfor less than the amount due and no remaining deficiency balance will beowed."Specialized Loan Servicing, LLC(SLS)"Specialized Loan Servicing LLC ('SLS') has been authorized to accept a short salein connection with the above-referenced property. Pursuant to the short sale,SLS will agree to release the lien and release you from liability under yourpromissory note, contingent on the fulfillment of the conditions listed below:"U.S. Bank Home Mortgage"Receipt of these funds shall suffice for the release of the security instrument(mortgage or deed of trust). U.S. Bank and/or its investors will not pursue theborrower for personal liability on the note secured by the first mortgageprovided the borrower negotiates in good faith and there is nomisrepresentation or fraud discovered "

Wells Fargo Bank, N.A."However, if you comply with the requirements of this Notice of Short SaleApproval and the mortgage is released, Wells Fargo Bank, N.A. will waive itsright to seek a deficiency balance under the mortgage note and/or relateddocuments."Wells Fargo Home Mortgage"However, if you comply with the requirements of this Notice of Short SaleApproval and the mortgage is released, Wells Fargo Home Mortgage will waiveits right to seek a deficiency balance under the mortgage note and/or relateddocuments."At Ark Law Group, you may qualify for our free assistance. It all starts with a one-hour consultation with one of ourattorneys. We have a system in place that has helped over 2,000 homeowners and consumers settle over 150 million indebt. You'll leave with a Debt Relief Action Plan with next steps to take – all at no cost to you. Plus, if you decide to hire us,we won’t stop working until every last penny of your debt is gone! That's our guarantee to you.To make an appointment, call toll-free 1-800-603-3525.

ciencies to a third party debt-collector." Ocwen Loan Servicing, LLC (FHA) than the amount owed”. No additional deficiency mortgagee letter goes on to read satisfy the mortgage obligation ” Because this is a FHA loan, potential deficiencies are covered in Mortgagee Letter 2008- ð