Amendment_1.pdf

AMENDMENT 1

Solicitation AG-31ME-S-17-0003 Foreclosure Legal Services for State of Maryland

Section C.5, Page 19, DELETION – DELETE entire paragraph below:

If a judgment is obtained, the contractor shall forward a copy of the judgment order to the COR, within 5 days of receipt, along with a letter describing the rate at which the judgment will accrue interest. As soon as the foreclosure sale date is determined, the contractor shall notify the COR. The COR will determine the USDA's bid, and notify the contractor at least 24 hours prior to the sale. The contractor shall enter the bid on behalf of the USDA when no other party has entered a bid or at the point in the bidding necessary to prevent the security property from being sold for less than the USDA's bid amount.

Section C.5 (2), Page 19, CORRECTION – second paragraph has been corrected to read:

” Third party purchasers will provide the Contractor with a deposit which will be held in escrow. Contractor will file a Report of Sale with the court, arrange for public advertising that the sale occurred, once a week for three weeks, and wait the required period of time before asking the court to ratify or approve the sale. Once the sale is ratified by the court, Contractor is then permitted to proceed to settlement with the third party purchaser. After settlement, Contractor is required to submit an accounting to a court auditor, for preparation of an audit. Contractor will submit prepared audit to the court for approval before disbursement of proceeds of the settlement. No billing for foreclosure services shall be rendered prior to delivery of the deed and certification of title to purchaser. The report on sale to the COR and disbursement of funds to USDA which will be accomplished within 15 working days of receipt by the contractor”.

Section B.4.1, Page 11, CORRECTION - Phase I – has been corrected to read:

Reimbursable items include tax certificates, if required, title reports, filing fees; recording fees; separate fee for title search/update for the case of a deceased borrower; court costs; advertising expenses; fees for document service where required by law; sheriff’s, marshal’s, constable’s, or other similar official’s fees;

any prior liens, including real estate taxes and assessments, which must be paid under State law prior to the foreclosure sale date; early close-out fee, not to exceed $200, in cases of assignment, third party sale, or other disposition (does not include borrower paying current); and other customary costs requisite to the litigation under this contract. PHASE I-Reimbursable items DO NOT include the following which are included in the firm’s basic fee (PHASE II): attorney fees; mortgage certificates; suit fees; travel;

telephone, copying, or mailing expenses; or personnel, equipment or office space costs.

AMENDMENT 1

Solicitation AG-31ME-S-17-0003 Foreclosure Legal Services for State of Maryland

Section B.4.3, Page 12, CORRECTION – “Ordinary Process” Table – has been corrected to read:

ORDINARY PROCESS

After assignment of foreclosure case to contractor but before suit is filed with court

20 % of fixed unit price for type action

After suit is filed with court but before Sale date is set

40% of fixed unit

After Sale date 80% of fixed unit

Section B.5, Pages 13-17, REPLACEMENT. Please replace and submit the attached revised “Price Schedules” with Quotation Package (Volume II).

Section C.5, paragraph (e), Page 21 DELETION– Delete entire paragraph (e)