Michael S. Medlock, PA
Default Services Division
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Referrals
We welcome your referral.

All referrals on sigle-family residential loans are billed per FNMA guidelines (Announcement 08-19)
Please contact us for quotes on Commercial / Multi-Family matters.

FORECLOSURE REFERRAL PACKAGE REQUIREMENTS

 

1.                  Statement of account indicating unpaid principal balance; default date; name and address of borrower; mailing address, if different; name of tenants in possession, if any; social security number for each borrower; plaintiff or name of financial institution in which legal action should be brought.

 

2.                  Original Mortgage and Mortgage Note (if available).  Copies will suffice if originals cannot be found for the first legal (file Complaint).  We may need the original Mortgage, Note and Assignments for entry of Judgment (required in some counties).

 

3.         Copies of any Assignments of Mortgage which are available.

 

4.         Full and complete copy of Title Policy which was issued at the time the mortgage loan was originated.

 

5.         Name, account number and address of insurer and/or guarantor.

 

6.         Copy of Notice of Right to Cure delivered to all Mortgagors or a notation (with reinstatement and payoff figures) that this firm should prepare and send this notice

 

7.         Any special instructions which you might have concerning the loan.

 

 

SPECIAL NOTE FOR LOANS SECURED BY MOBILE HOMES:  All liens on mobile homes should be notated of the Certificate of Title to the mobile home, although some are often notated on the mortgage.  Please provide the original title with lien notation with the referral package, if available.  If the loan was supposed to be secured by a mobile home and was not, we can deal with that situation as well.  However, we will need the mobile home information (VIN, location, etc.).


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FORECLOSURE REFERRAL PACKAGE COVER SHEET

 

To:       Michael S. Medlock, PA    

Fr:                                                                   

Dt:                                                                  

 

Please foreclose this loan on behalf of                                                                                              

 

Loan Number:                                                

Investor Number:                                           

 

Debtor:                                                                        Co-Debtor:

                                                                                                                                                           

SSN                                                                             SSN                                                                

 

Mailing Address:                                                          Property Address:

                                                                                                                                                           

                                                                                                                                                           

 

Due date of last installment paid:                                                                  

Occupancy:                                                                                                   

Principal Balance:                                                                                          

Interest Rate:                                                                                                 

Per Diem Interest:                                                                                          

Accrued Late Charges:                                                                                  

 

Monthly P&I:                                                                                                   

Monthly Escrow Constant:                                                                             

Total Monthly Payment:                                                                                 

 

Mobile Home Involved:   ___ NO   ___ YES.  If yes provide title with lien.  If no title, provide:

VIN                                                        Make                Model  Year               

 

Copies of the following are attached

             Note                                                                            Bankruptcy Information

             Mortgage                                                                    Demand

             Final Title Policy                                                         Payoff Quote

             HUD 1                                                                        Payoff Confirmation

             TIL Statement

 

Special Information:                                                                                                                           

Senior / Junior Loan Information:                                                                                                       


___________________________________________________________________________________________________________________________________________________________________________

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BANKRUPTCY REFERRAL PACKAGE COVER SHEET

To:       Michael S. Medlock

Fr:                                                                   

Dt:                                                                  

 

Please take the following action in this case:

             Relief From Stay for Foreclosure Proceedings

             File Proof of Claim

             Object to Plan (state reasons below)

             Other:                                                                                                                                    

 

Loan Number:                                     Case Number:                                   Chapter                     

 

Debtor(s):                                                                                                                                           

 

Address:                                                                                                                                             

 

Unpaid Balance:  $                                          Interest Rate                           Per Diem                   

 

Post Petition Arrearages

 

Payments Due from                                                    to                                                                   

 

                                                 mos @ $                                per month = $                                               

 

Late Charges Due                  mos @ $                                per month = $                                               

 

Other Charges                                                                                           = $                                   

 

Additional Amounts Due:

NSF Fees                                                                   

Tax Advance                                                              

Insurance Advance                                                    

Other                                                                          

Other                                                                          

Suspense Credit                     <                                  >

 

                                    Total Amount Due:                                                                 

Figures Good Through:                                                          


SC Bankruptcy Court requires a copy of the debtor’s post-petition payment schedule to be included with any Motion for Relief from Stay.  Please include that information if MFRS is relief requested.

Send referrals and requested information overnight to:

Michael S. Medlock, PA
300 Buncombe Street
Edgefield, SC 29824
(803) 637-3800
FAX (803) 637-2480

Or send an e-mail with all requested documentation to the following:
mmedlock@medlocklaw.com

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