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To collect the required information, generate a profile, review the Deed <br /> of Trust attachment and collect information from a scanned PDF. Once <br /> the necessary data has been collected, create each Request for Notice <br /> of Default, obtain signatures, notarize each document, and record with <br /> County Recorder's Office. Upon recordation, scan and save each notice <br /> of default and sale into Dropbox. <br /> Upon receipt of a Notice of Default, make best efforts to contact Owner Hourly <br /> and connect with foreclosure counseling resources. <br /> If Owner is unable to prevent foreclosure, prepare a Buy-Back <br /> Feasibility Analysis, track Notice of Trustee's Sale date, obtain approval $4,025 per buy <br /> for a maximum bid price, obtain cashier's checks from the City, attend back <br /> auction and bid in accordance with City's written approval. If successful, <br /> BMR Preservation process all paperwork to facilitate transfer of ownership to the City. <br /> If unit is confirmed (or suspected to be)occupied at purchase, work <br /> with City legal staff provide proper notifications to occupant and deliver Hourly <br /> a vacant unit. <br /> If unit requires rehabilitation prior to facilitation of sale to a new eligible > of 10% of cost <br /> buyer, prepare scope of work, obtain a minimum of three bids and of the work or <br /> cause rehabilitation to be completed with quality workmanship. $5,000 per unit. <br /> Hourly Fees for Services Outside of Base Scope Listed Above <br /> President $225 per hour <br /> Vice President $175 per hour <br /> Program Director $145 per hour <br /> Program Manager $125 per hour <br /> Program Associate $75 per hour <br /> Reimbursable Expenses <br /> Mileage(not including mileage for Workshops) $ .50/mile <br /> Direct costs of placing ads in news publications Actual costs <br /> Notes <br /> (a) The $850 fee would be due if Hello staff has reviewed and approved the proposed refinance for compliance with <br /> the program and routed docs for City signature. Half the fee would be due if Hello staff has educated the lender <br /> about refinance requirements and reviewed a refinance for compliance with the program but the refinance does not <br /> move forward through no fault of Hello Housing. Nurturing lender relationships and fielding general questions from <br /> lenders and BMR owners are included in overall contract. <br />