ATTACHMENT 1_QUOTE SCHEDULE_IL.pdf

ATTACHMENT 1

Foreclosure Legal Services – Illinois

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 Illinois 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 for legal work related to its foreclosures for the State of Illinois. 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 fee applies without the need for excess fee approval when the servicer must initiate new foreclosure proceedings. The amount claimed for attorney fees cannot exceed the fees charged for work actually performed.

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 contractor's quoted Schedule of 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 "allowable foreclosure attorney fees" published by Fannie Mae as an indicator of price reasonableness. In addition, the Government uses foreclosure timeframes published by HUD as an indicator of “reasonable diligence."

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

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

Foreclosure Legal Services – Illinois 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 Illinois. Annotate “N/A” if not willing or able to provide services:

STATE SERVICE

YEAR

Fixed Unit Price

YEAR 2

Fixed Unit Price (1-50 Foreclosure Cases)

YEAR 3

Fixed Unit Price (1-50 Foreclosure Cases)

Completion Timeframe (in months) from time of complaint/petition to title conveyance)

Illinois

Non-Judicial Foreclosure Attorney

Possessory Action $ Mediation (if required) $

Chapter 7 Bankruptcy $ Chapter 13 Bankruptcy $ Attorney Demand Letter (if required) Notice of Intent (NOI) (if required) Statutory Pre-Suit Notice (if required) http://www.fanniemae.com/singlefamily/servicing-guide-exhibits http://www.hud.gov/sites/documents/16-03ML.PDF http://www.hud.gov/sites/documents/16-03ML.PDF

Foreclosure Legal Services – North Carolina

STATE SERVICE

YEAR

Fixed Unit Price

YEAR 2

Fixed Unit Price (51-200 Foreclosure Cases)

YEAR 3

Fixed Unit Price (51-200 Foreclosure Cases)

Completion Timeframe (in months) from time of complaint/petition to title conveyance)

Illinois

Non-Judicial Foreclosure Attorney

Possessory Action $ Mediation (if required) $

Chapter 7 Bankruptcy $ Chapter 13 Bankruptcy $ Attorney Demand Letter (if

Notice of Intent (NOI) (if required) Statutory Pre-Suit Notice (if required)