ATTACHMENT_1_QUOTE_SCHEDULE_IN.pdf

ATTACHMENT 1

Foreclosure Legal Services - Indiana

QUOTE SCHEDULE

QUOTE SCHEDULE OF SERVICES

SERVICES REQUIRED: The contractor shall:

Provide legal services for foreclosures with or without deficiency judgments, judgments, bankruptcies, and/or actions to recover possession related to Section 502 direct (Single Family Housing) debts to the United States of America, acting through the United States Department of Agriculture, Rural Housing Service (USDA). This work is to be performed throughout the State of Indiana and as described in Section C, Performance Work Statement of this solicitation and as ordered by specific BPA calls issued under this Blanket Purchase Agreement (BPA).

STANDARD FORECLOSURE ATTORNEY FEES

The following table reflects the customary legal services pertinent to mortgage defaults. It contains the attorney’s fees, and possessory action fee that USDA, Rural Development allows for legal work related to its foreclosures for the State of Indiana. The fee applies for the life of the default and covers all services necessary to complete a routine foreclosure action in the jurisdiction. In the event that a default is cured, such as by a completed loan modification or reinstatement, and the loan subsequently becomes delinquent again, a new allowable fee applies without the need for excess fee approval when the servicer must initiate new foreclosure proceedings.

Please note that each amount on the schedule is the total maximum reimbursable amount, instead of an hourly rate. The amount claimed for attorney fees cannot exceed the fees charged for work actually performed. Though actual costs for these legal services may potentially exceed fee amounts in the attached schedule, USDA, Rural Development will only reimburse attorneys up to the amounts on the schedule.

The Schedule of Attorney Fees does not reflect additional expenses incurred due to foreclosure and/or mediation because of the wide differences in costs and lengths of time of foreclosure completion, depending on the jurisdictions in which the foreclosure actions are occurring. USDA, Rural Development will review, and if applicable, authorize fees in excess of the standard attorney fees, in unusually complex cases. Any additional excess fees/expenses to be incurred due to required legal actions are claimable with a documented cost breakdown and a written justification that must be provided to USDA, Rural Development for approval prior to incurring the additional fee/expense.

Vendors are encouraged to submit competitive industry pricing. The Government uses the pricing from Fannie Mae allowable foreclosure attorney fees as a basis to evaluate price reasonableness. And the Government uses the reasonable diligence timeframes from HUD.

The Government reserves the right to find a vendor unacceptable if their prices are found to be unreasonable.

Below are the Fannie Mae Links for the Standard Allowable Fees:

https://www.fanniemae.com/content/guide_exhibit/allowable-bankruptcy-attorney-fees.pdf - Bankruptcy https://www.fanniemae.com/content/guide_exhibit/allowable-attorney-trustee-foreclosure-fees.pdf - Foreclosure Fees

OR

https://www.fanniemae.com/content/guide_exhibit/allowable-bankruptcy-attorney-fees.pdf https://www.fanniemae.com/content/guide_exhibit/allowable-attorney-trustee-foreclosure-fees.pdf

ATTACHMENT 1

Foreclosure Legal Services - Indiana https://www.fanniemae.com/singlefamily/servicing-guide-exhibits# - which list all of the Fannie Mae Exhibits and will list the most updated exhibit when cost is revised. If we use this link, we must provide a caveat that not all exhibits listed pertain to USDA, RD.

The HUD First Legal Actions to Initiate foreclosure and Reasonable Diligence Timeframes can be found at the following link: https://www.hud.gov/sites/documents/16-03ML.PDF

VENDOR/CONTRACTOR QUOTE SCHEDULE

Pricing to the USDA, Rural Development shall be as low as or lower than prices charged to the vendor’s most favored customers for comparable quantities under similar terms and conditions in addition to any trade or prompt payment discounts offered.

Each Quote Schedule of services shall be effective on the date of the Contracting Officer’s signature, and shall remain in effect for one year from the notice of the contract. Estimated quantities listed in this section are provided solely for evaluation purposes and should neither be considered a minimum or expectation of actual requirements.

Please insert your fee where indicated for which services you are ready, willing, and able to provide in the State of Indiana. Annotate “N/A” if not willing or able to provide services:

STATE SERVICE

YEAR 1

Fixed Unit Price (1-50 Foreclosure Cases)

YEAR 2

Fixed Unit Price (1-50 Foreclosure Cases)

YEAR 3

Fixed Unit Price (1-50 Foreclosure Cases)

Period of Performance

(POP)

Indiana

Judicial Foreclosure Attorney Fee $

Possessory Action $ Mediation (if required) $

Chapter 7 Bankruptcy $ Chapter 13 Bankruptcy $

STATE SERVICE

YEAR 1

Fixed Unit Price (51-200 Foreclosure Cases)

YEAR 2

Fixed Unit Price (51-200 Foreclosure Cases)

YEAR 3

Fixed Unit Price (51-200 Foreclosure Cases)

Period of Performance

(POP)

Indiana

Judicial Foreclosure Attorney Fee $

Possessory Action $ Mediation (if required) $

Chapter 7 Bankruptcy $ Chapter 13 Bankruptcy $ https://www.fanniemae.com/singlefamily/servicing-guide-exhibits https://www.hud.gov/sites/documents/16-03ML.PDF

PPUQUOTE SCHEDULE