Testimonials · Recently Negotiated Short Sales Lender(s) Payoff Citi Mortgage $608,000.00 AHMSI $236,502.00 Citi Mortgage $574,154.00 Negotiated Payoff Discount Date Short Sale Submitted

Phone: 425-216-5342 [email protected] Fax: 425-974-7476

Sea 2 Sky Capital, LLC – About Us Washington State Real Estate Broker License #91588

Notary Public License # 59522 NWMLS Office # 981

CBA Office # 1003918

Lucy Linn McKie has been a Mortgage Banker for more than 25 years, working with a variety of lenders ensuring loans comply with bank policy and meet the borrower’s needs. Her unique experience as a Real Estate Broker and a Mortgage Banker gives her the insight to convince lenders that a fast short sale approval, as presented, is in their best interest avoiding the expense of foreclosure for both the lender and the borrower.

What to expect:

• Compassionate and professional attention to the seller’s difficult situation. Sellers typically have many questions – we will answer all questions to help them understand the process.

• Strict confidentiality regarding all non-public personal information. We follow all privacy rules associated with the Gramm-Leach-Bliley Financial Services Act.

• Frequent updates on progress via email to the homeowner and all agents involved. • Daily attention to the file. We don’t wait for the lender to act. • We ‘invest’ in each closing by purchasing any investigations, bids or evaluations deemed

necessary to convince the lender to approve quickly as presented. • The best approval available from the seller’s lienholders.

Does your listing need repairs? Refer the buyers to Troy Linn at Sea 2 Sky

Construction Services for any repair or remodeling needs. See his flyer that follows.

Testimonials “I was referred to Lucy McKie by a realtor I have worked with and respect very much. I knew my realtor friend was busy doing many short sales and called him one day to ask how things were going with negotiating. He shared with me that with the help of third party negotiators he would take all the short sales he could get. I, being "new" to short sales and having ZERO interest in negotiating them myself, couldn't be happier to have found a highly recommended negotiator. I did not want to sit on the phone for hours and deal with on hold music and cranky bank personnel when I could be out "getting" new business. In addition to wanting to free up my schedule, and most importantly, I wanted to make sure the transaction would close. After being told about my realtor friend's positive experience with Lucy and finding out that she has a 100% success rate with negotiations, I knew she was the negotiator for me. Once I talked with her, all I had to do was transfer over the file and she has taken care of EVERYTHING for me and my clients since. How nice to sit back and get updates weekly. THANK YOU LUCY for making it a pleasure to do short sales.” Michelle Hamshaw John L. Scott - Mukilteo “Combining over 25 years of in depth mortgage and lending work with a keen understanding of investments, Lucy has become one of the best short sale negotiators in the region. Lucy’s attention to dates and details coupled with her uncanny ability to speak to banks in their own language allows me to confidently recommend her services to anyone that owes more to their lender than their property is worth.” Randy Eastwood Broker/Owner Eastwood Real Estate & Investment LLC

Recently Negotiated Short SalesRecently Negotiated Short Sales

Lender(s)Payoff

Citi Mortgage

$608,000.00

AHMSI

$236,502.00

Citi Mortgage

$574,154.00

Negotiated PayoffDiscountDate Short Sale SubmittedDate of Lender Approval LetterDays to ApprovalCommissions Allowed

2/16/2010 1/29/2010 1/29/2010

$402,026.00

34%

$144,878.00

39%

$308,242.00

46%

2/23/20103/11/2010 3/17/2010

5%

47 calendar days

6% + $1000 6%

23 calendar days 25 calendar days

Conditions settlement in fullsettlement in fullsettlement in full

Lender(s)PayoffNegotiated Payoff

Litton Countrywide & BECU Citi Mortgage

$310,500.00 $505,950.00 $62,368.00

$125,863.00 $386,682.52 $27,606.00Negotiated PayoffDiscountDate Short Sale SubmittedDate of Lender Approval LetterDays to ApprovalCommissions AllowedConditions settlement in full retained deficiency rights settlement in full

48 calendar days 93 days 71 days

6% 6% 6%

1/13/2010 6/18/2009 9/23/2009

3/2/2010 9/19/2009 12/3/2009

$125,863.00 $386,682.52 $27,606.00

59% 24% 56%

Conditions settlement in full retained deficiency rights settlement in full


Sea 2 Sky Capital, LLC – Required Documents Washington State Real Estate Broker License #91588



Date: __________________

Homeowner Name: _________________________________________________

Property Address:

Required documents for all properties:

From Listing Agent: ___Services Contract ___Purchase & Sale Agreement ___Listing Agreement ___Preliminary Title report (or order number) _____________________ From Seller: ___Contact Information ___Property Information

___Affidavit of Understanding ___Authorization to Release Information (leave Designated Agents lines blank) ___Hardship Letter (letter explaining your situation, with signature) ___Borrower Financial Statement (form attached) ___Personal Budget Worksheet (attached) ___Copy of recent mortgage statements for all lenders

___Past two year’s tax returns* ___Past two month’s paystubs* ___Past two month’s checking account statements*

* If the borrower(s) do not have any of these items, a signed and dated brief letter explaining why must be included


Sea 2 Sky Capital, LLC - Services Contract Washington State Real Estate Broker License #91588



Short Sale Negotiation Services Sea 2 Sky Capital, LLC will provide short sale negotiation services when all documents in the attached Required Documents Checklist are provided via email to [email protected] . Property Information: MLS # Listing Agent Address Title Order # City Owner Name Service Options (indicate preference by initialing the selected option):

1. _________(initial here) Sea 2 Sky Capital will be paid a minimum of one percent (1%) of the final gross sales price of the subject property for payment of the short sale negotiation services provided, paid from the proceeds of the sale. In the event the lienholders do not allow this fee to be paid from proceeds, the agent who engaged the services of Sea 2 Sky Capital will pay 1/3 of their earned commission (maximum of 1%) as payment of the negotiation fee due to Sea 2 Sky Capital. (If lienholders allow fee, agents receive their full commission. If fee is not allowed and commissions are also reduced by lienholder, Sea 2 Sky Capital’s fee is reduced from 1% to 1/3 of the SOC or LC.)

2. _________(initial here) Listing is referred to Lucy McKie (76699) (Referring Agent is paid a referral fee of .50% of gross sales price.)

3. _________(initial here) The above listing agent is being referred to Sea 2 Sky by the referring agent signing below. (Referring Agent is paid a referral fee of .10% of gross sales price.)

Special Instructions:

• Stipulate in listing: North Sound Escrow – Stacy Bradshaw 425.275.5842 [email protected]

Sea 2 Sky Capital, LLC Listing/Referring Agent:

___________________________ By: __________________________ By: ________________________ Its: __________________________ Its: ________________________ Date: ________________________ Date: ______________________


Sea 2 Sky Capital, LLC – Contact Information Washington State Real Estate Broker License #91588



Seller / Homeowner Information:

Borrower Name: _____________________________ Co-Borrower Name: ______________________________________

Home Phone: _______________________________________ Fax: _____________________________________________

Cell Phone:___________________________________ Other Phone: ___________________________________________

Email Addresses: _____________________________________________________________________________________

Property Information:

Property Address: _____________________________________________________________________________________

City: ________________________________________________ State: _______ Zip: ______________________________

Primary Residence Address: (if different) _________________________________________________________________

City: ________________________________________________ State: _______ Zip:_______________________________

Property Status: Owner Occupied / Vacant / Rental

Has seller/borrower received a Notice of Trustee Sale? Yes/No Trustee Name: _________________________________

Trustee Sale #: __________________ Sale Date: _______________( if in less than 30 days, contact us before proceeding)

Have utilities been turned off? Yes / No Estimated unpaid balance on utilities in 120 days ____________

Estimated unpaid Homeowners Association Dues: __________ Dues currently paid through (month/year) ____________

Have homeowners had any judgments filed against them since buying the home? Yes / No

If yes, Judgment in favor of? __________Amount? _______________

Lender Information: (add additional loans/liens on separate page)

1st Lender: _____________________________ Loan #________________________________

Principal Balance: _______________________ Arrears: __________________

2nd Lender: _____________________________ Loan #________________________________

Principal Balance: _______________________ Arrears: __________________


Sea 2 Sky Capital, LLC – Property Information Washington State Real Estate Broker License #91588



Please provide the current status of the following components of the home - be critical : Roof : Age_________ Ever Leaked? __________ Moss on roof? ____________

Faded or missing shingles?_______________________________________

Exterior paint/Siding: LP? _____ Siding condition ____________ Paint faded, chipping?______ Water stains?______ Mold/dark patches?_______ Gutters clean? ________ Landscaping: Overgrown? _________ Weeds? __________ Steep grade? __________

Fenced? ________________ Condition of Fence? ________________

Neighborhood: Clean? _________________ Stored Items in Front of homes? __________

What is the least attractive part of your neighborhood? ____________________________________________________________

Interior Paint: Chipped? ________ Dirty? __________ Updated Colors? ____________ Kitchen: Age of appliances? _________ When was it last remodeled? ___________ Floors: Carpets worn and dirty? __________ Hardwoods scuffed? _____________

Vinyl torn? ____________ Tiles chipped/ Grout dirty? ________________

Bathrooms: Updated last? ___________ Water damage from tub/shower/toilet? ______ Windows: Aluminum, Vinyl or wood wrapped? Any mold around edges? ________ Fogged glass? ________________________________________________ Systems: Furnace Age? _____ Inspected/Serviced Last? ____ Working well? _____ Hot Water Heater age? _____ Working well? _____ Air Conditioner age? _____ Working well? _____ Septic or Sewer? If Septic, last inspected? ______ Working well? _____ Please add any deferred maintenance items not mentioned above: __________________________________________________________________________________________________________________________________________________________________________


Sea 2 Sky Capital, LLC – Affidavit of Understanding Washington State Real Estate Broker License #91588



THIS IS AN IMPORTANT LEGAL DOCUMENT CONCERNING THE SALE OF YOUR HOUSE AND SHOULD BE READ CAREFULLY. IF YOU HAVE ANY QUESTIONS, CONTACT AN ATTORNEY BEFORE SIGNING. THIS IS AN

IMPORTANT LEGAL CONTRACT AND COULD RESULT IN THE LOSS OF YOUR HOME. By signing this document you agree to the following (initial before each paragraph): _____I am currently in default on my loan(s) and am unable to make up my back payments or continue making further payments. I reasonably believe that I have NO equity in this property _____I understand that my mortgage holder(s), even after agreeing to a short sale may require that the difference between the original balance and the negotiated balance be paid by me and hold me personally liable for such payment. Should the mortgage holder(s) not require payment of the difference, such act may constitute a taxable event. I acknowledge being advised to contact a tax professional relating to the potential taxable consequences. I further understand that if the lender(s) accepts a short sale, this may or may not relieve me of my personal responsibility for the loan and may affect my credit score.

_____I understand that Sea 2 Sky Capital, LLC will attempt to negotiate a short sale with some or all of the owners of the liens on the Property. Sea 2 Sky Capital, LLC has not made me any promises, guarantees or representations about its ability to complete this task. I understand fully and completely that, if Sea 2 Sky Capital, LLC is not able to negotiate the short sale with the lender(s), the lender(s) may proceed with foreclosure.

_____I agree to waive any rights I may have to any prepaid or escrowed property taxes, insurance, homeowner’s association dues, county property tax refunds or other amounts held by any party in escrow, including, but not limited to lenders, homeowner’s associations and insurance companies. _____I have had the opportunity to seek legal, tax and financial counsel as to the implications of this transaction. I understand that this document does not define or explain my rights or options, and I have had the opportunity to seek legal, financial, tax or other professional counsel to weigh my options, my rights and the legal consequences of this transaction. I understand that Sea 2 Sky Capital, LLC is not acting on my behalf as counselor, advisor, consultant or non-profit agency. I HAVE COMPLETELY READ THIS AFFIDAVIT BEFORE SIGNING IT AND I AGREE TO THE FACTS AND CONDITIONS CONTAINED HEREIN. __________________________________ ___________________________________ SELLER SIGNATURE SELLER SIGNATURE Property Address: ___________________________Sellers Address:____________________________________ City, State, Zip: ____________________________ City, State, Zip: ___________________________________ STATE OF _________________ COUNTY OF _______________ On this _____day of _______________, _______, before me, the undersigned, a Notary Public in and for said State, personally appeared ___________________________and ________________________known to me, or proved to me on the basis of satisfactory evidence to be the person whose name is subscribed to the within instrument and acknowledged to me that he/she executed the same in his/her authorized capacity, and that by his/her signature on the instrument the person, or the entity upon behalf of which the person acted, executed the instrument. WITNESS my hand and official seal. ______________________________ (SEAL) Notary Public My Commission Expires: ____________________


Sea 2 Sky Capital, LLC – Hardship Letter Template Washington State Real Estate Broker License #91588



Points to Cover in Your Hardship Letter To Whom it May Concern,

1. Explain with some detail what happened. Explain why you can’t make your mortgage payments. For example,

• I got sick • I lost my job • Death in the family • Job transfer • Spouse/partner left

2. Explain that you intended to pay.

“I wanted to live here forever. I fully intended to make everything work. It just didn’t work out.”

3. Describe anything major that needs to be repaired in the house (roof, plumbing, electrical, foundation)

4. Ask for the lender’s help.

“I want to sell my house and get my debt paid off. Please work with this buyer and Sea 2 Sky Capital, LLC and help the sale happen. I am totally out of money and don’t want to see the house foreclosed.”

5. Thank the lender.

“Thank you so much for considering helping me. God bless you.”

6. Sign and date the letter.

AUTHORIZATION TO RELEASE INFORMATION

Sea 2 Sky Capital, LLC (S2SC) 28128 NE 151st St •Duvall, WA 98019

Office 425-216-5342 •Cell 425-218-8842 •Fax 425-974-7476 [email protected]

I/We hereby authorize the Lenders identified below to discuss my short sale request with the individual representatives of S2SC that I have identified below as my Designated Agent(s). Further, the Lender(s) below are hereby authorized to negotiate the terms of the short sale with my Designated Agent and to deliver documents to my Designated Agent. This authorization will remain in effect until I specifically notify the Lender(s) in writing that this Authorization is of no further force and effect. It is understood that a photocopy or fax of this form will also serve as authorization. My Designated Agent(s) Are:

1. Lucy McKie 2. Stacy Bradshaw of North Sound Escrow 3. ____________________________________________________________

PROPERTY ADDRESS: ___________________________________________________________ 1ST LENDER:__________________________________________________________________ ACCOUNT NUMBER: ____________________________________________________________ 2ND LENDER: _________________________________________________________________ ACCOUNT NUMBER: ____________________________________________________________ _________________________________ _________________________________ BORROWER NAME CO-BORROWER NAME _________________________________ _________________________________ SIGNATURE SIGNATURE _________________________________ _________________________________ SOCIAL SECURITY# SOCIAL SECURITY # _________________________________ _________________________________ DATE DATE

Fax to 425-974-7476, or mail to:

Sea 2 Sky Capital, LLC

28128 NE 151st St

Duvall, WA 98019

Before mailing, make sure you have signed and dated the form and attached appropriate documentation.

Volume 2 Single-Family Seller/Servicer Guide Page F1126---1 Bulletin 2007-5 12/19/07

Form 1126 Borrower Financial Information

Freddie Mac Loan Number

BORROWER CO-BORROWER BORROWER’S NAME CO-BORROWER’S NAME

SOCIAL SECURITY NUMBER DATE OF BIRTH SOCIAL SECURITY NUMBER DATE OF BIRTH

HOME PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL)

HOME PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL)

WORK PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL) WORK PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL)

CELL PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL) CELL PHONE NUMBER WITH AREA CODE (BEST TIME TO CALL)

MAILING ADDRESS

PROPERTY ADDRESS (IF SAME AS MAILING ADDRESS, JUST WRITE SAME) EMAIL ADDRESS

Number of Dependants: Do you occupy the property? Yes No

Is it rental property? Yes No Is it leased? Yes No If you have a lease agreement, please provide a copy.

Is the property listed for sale? Yes No If yes, please provide a copy of the listing agreement.

Agent’s Name: Agent’s Phone Number: Agent’s Email:

Have you contacted a credit-counseling agency for help? Yes No

If yes, please complete counselor contact information below.

Counselor’s Name: Counselor’s Phone Number: Counselor’s Email:

Do you receive, and pay, the Real Estate Tax bill on your home or does your lender pay it for you? I do Lender does Are the taxes current? Yes No If you pay it, please provide a copy of your tax statement.

Do you pay for a hazard insurance policy? Yes No Is the policy current? Yes No If you pay it, please provide a copy of the policy.

Have you filed for bankruptcy? Yes No If yes: Chapter 7 Chapter 13 Filing Date:_______________

Has your bankruptcy been discharged? Yes No If yes, please provide a copy of the discharge order signed by the court.

INVOLUNTARY INABILITY TO PAY

I (We), __________________________________________________________, am/are requesting that the Federal Home Loan Mortgage Corporation (Freddie Mac) review my/our financial situation to determine if I/we qualify for a workout option. I am having difficulty making my monthly payment because of financial difficulties created by (Please check all that apply):

Abandonment of Property Excessive Obligations Military Service Other Business Failure Fraud Payment Adjustment Casualty Loss Illness in Family Payment Dispute Curtailment of Income Illness of Mortgagor Property Problems Death in Family Inability to Rent Property Title Problems Death of Mortgagor Incarceration Transferring Property Distant Employment Transfer Marital Difficulties Unemployment

I believe that my situation is: Short term (under 6 months) Long term (over 6 months) Permanent

I want to: Keep the Property Sell the Property

Please provide a detailed explanation of the hardship on a separate sheet of paper. If there are additional Liens/Mortgages or Judgments on this property, please name the person(s), company or firm and their respective telephone numbers. $

Lien Holder’s Name Balance / Interest Rate Phone Number (WITH AREA CODE) $

Lien Holder’s Name Balance / Interest Rate Phone Number (WITH AREA CODE)

Before mailing, make sure you have signed and dated the form and attached appropriate documentation.

Volume 2 Single-Family Seller/Servicer Guide Page F1126---2 Bulletin 2007-5 12/19/07

EMPLOYMENT BORROWER- EMPLOYER’S ADDRESS & PHONE # HOW LONG? CO-BORROWER- EMPLOYER’S ADDRESS & PHONE # HOW LONG?

Monthly Income - Borrower Monthly Income - Co-Borrower Gross Wages / Frequency of Pay $ Gross Wages / Frequency of Pay $

Unemployment Income $ Unemployment Income $

Child Support / Alimony* $ Child Support / Alimony* $

Disability Income/ SSI $ Disability Income/ SSI $

Rents Received $ Rents Received $

Other $ Other $

Less: Federal and State Tax, FICA $ Less: Federal and State Tax, FICA $

Less: Other Deductions (401K, etc.) $ Less: Other Deductions (401K, etc.) $

Commissions, bonus and self-employed income $ Commissions, bonus and self-employed income $

* * * * * A L L I N C O M E N E E D S T O B E D O C U M E N T E D * * * * * * Paystub must be most recent date with year to date information.

Total (Net income) $ Total (Net income) $Monthly Expenses Assets

Mortgages / Liens $ Type Estimated Value

Auto Loan(s) $ Checking Account(s) $

Auto Expenses / Insurance $ Saving / Money Market $

Credit Cards / Installment Loan(s)

(total minimum payment for both per month)

$ Stocks / Bonds / CDs $

Health Insurance (not withheld from pay) $ IRA / Keogh Accounts $

Medical (Co-pays and Rx) $ 401k / ESPO Accounts $

Child Care / Support / Alimony $ Home $

Food / Spending Money $ Other Real Estate # $

Water / Sewer / Utilities / Phone $ Cars # $

HOA/Condo Fees/Property Maintenance $ Life Insurance (Whole Life not Term) $

Life Insurance Payments (not withheld from pay) $ Other $

Total $ Total $

* Alimony, child support or separate maintenance income need not be revealed if the Borrower or Co-borrower does not choose to have it considered for repaying this loan. I agree as follows: My lender may discuss, obtain and share information about my mortgage and personal financial situation with third parties such as purchasers, real estate brokers, insurers, financial institutions, creditors and credit bureaus. Discussions and negotiations of a possible foreclosure alternative will not constitute a waiver of or defense to my lender’s right to commence or continue any foreclosure or other collection action, and an alternative to foreclosure will be provided only if an agreement has been approved in writing by my lender. The information herein is an accurate statement of my financial status. I consent to being contacted concerning my Mortgage at any cellular or mobile telephone number I may have. This includes text messages and telephone calls to my cellular or mobile telephone. Submitted this day of , 20 By By

Signature of Borrower Signature of Co-Borrower