Reverse Mortgage Solutions

Dear Ms [redacted] Reverse Mortgage Solutions, Inc(RMS) received your inquiry forwarded by the Better Business Bureau of Metropolitan Houston (Revdex.com) on July 9, 2014, and provided to me for research and response Note that the referenced loan was satisfied effective June 30, Enclosed is a copy of the recorded Satisfaction of Mortgage for the loan Note that the loan is a Federal Housing Administration (FHA) insured Home Equity Conversion Mortgage (“HECM”) reverse mortgage Under HECM terms when the borrower dies the loan is then in a delinquent status and will be called due and payable You notified RMS of [redacted] ***’ death on October 10, You were advised to provide a listing agreement to indicate that the property would be placed on the market for sale On October 23, you provided information about your realtor, but RMS did not receive a copy of the listing agreement until April 10, A review of the listing agreement indicates that it expired on April 30, Because you indicated that the property was for sale RMS granted an extension of time to satisfy the loan prior to the initiation of foreclosure action effective from March 6, to July 4, Note that a request for an additional extension of time must be received thirty (30) days prior to the expiration of the initial extension of time On June 4, you advised RMS of your intention to satisfy the loan; however, you indicated that you did not receive an approval letter for funding It was reiterated to you to provide a copy of the approval letter once obtained Since RMS was unable to grant a second extension of time to delay foreclosure action, on June 20, the loan was referred to counsel to initiate foreclosure action by July 4, Pursuant to the requirement to initiate foreclosure action on July 4, counsel issued a notice to you on June 30, to advise you of the pending foreclosure action On that same date RMS received the wire transfer for the payoff of the loan Upon receipt RMS took steps to stop the foreclosure action A request was submitted to expense any fees assessed; therefore, there will be no fees charged to you for the foreclosure referral Should you have questions, you may contact the RMS Customer Service Department at [redacted] Sincerely, [redacted] Executive Resolution Supervisor [redacted]

July 18, [redacted] Re: Loan Number: [redacted] Property: [redacted] [redacted] Dear Ms [redacted] : Your Revdex.com inquiry was received by Reverse Mortgage Solutions, Inc(RMS) on July 8, 2014, and given to me for research and response The loan was referred for a Deed-In-Lieu (“DIL”) on March 17, by [redacted] RMS was processing the request and kept you abreast of the situation RMS informed you on April 17, that the Affidavit of Heirship was sent to the Title Company for recording RMS has located a Title Lender to insure the property and verified that the Title on the property is clear The Law Firm processing the DIL request informed RMS that [redacted] spoke with you on July 16, 2014, about the progression of the DIL and that debris was still in the property One of the requirements of processing the DIL was that the property was broom swept The DIL process should be completed within a couple of weeks Should you have questions, you may contact RMS Deed-In-Lieu Specialist, [redacted] at ( [redacted] , extension *** Sincerely, [redacted] Executive Resolution Analyst [redacted]

As stated in my prior response, it is necessary for a [redacted] parties that have or may have an interest in [redacted] , [redacted] property to be named in the forec*osure action in order to c*ear tit*e This action is a**owed under Ok*ahoma *aw and is necessary to ensure that MsF [redacted] or any other heirs of Mr [redacted] cannot exercise any c*aim to the property after the forec*osure action is comp*eted P*ease re-review the *ast paragraph of the prior response wherein it indicates that there are no credit bureau fi*ings made for reverse mortgages MsF [redacted] may have *ega [redacted] options to remove her interest in the property A *oca [redacted] attorney fami*iar with rights of succession may be ab*e to he*p her to determine the best course of action Shou*d you have questions, you may contact the *aw firm of Baer, Timber*ake, Cou*son, & Cates, P.Cat [redacted]

Dear Mr [redacted] , Enclosed is a RMS Letter dated February 5, 2015, which indicates you will receive $3,once the documents conveying the property to the mortgage holder are recorded in the pertinent land records Should you have questions, you may contact RMS Default Manager, Andrea [redacted] at [redacted] , extension *** Sincerely, Ray G [redacted] Executive Resolution Analyst

As way of background the referenced [redacted] Housing Administration (***) insured [redacted] (“***”) reverse mortgage Pursuant to the te [redacted] of the *oan documents, the death of the borrower is an event which triggers maturity and resu*ts in the *oan becoming due and payab*e The date of Mr [redacted] death is Ju*y 4, [redacted] proceeded to send the requisite notice and initiated forec*osure proceedings in accordance with the guide*ines of the United States Department of Housing and Urban Deve*opment (***) MsF [redacted] is not a borrower under the te [redacted] of the referenced *oan and is not ob*igated on the reverse mortgage noteRather, she is the daughter of the borrower, Mr [redacted] Despite the foregoing, in order to forec*ose the *ienho*der’s interest in and obtain c*ear tit*e to rea [redacted] property under Ok*ahoma *aw, it is necessary for a [redacted] parties that have, or may have, an interest in the property to be named as parties in the forec*osure action In this instance, a [redacted] of Mr [redacted] heirs (both known and unknown) may have an interest in the property and must be joined in the matter to extinguish that possib*e interest This wou*d inc*ude MsF [redacted] as Mr [redacted] was her father The naming of MsF*’ “spouse, if any” as a party to the *awsuit is necessary in order to address any homestead interest that cou*d possib*y be asserted, if any We wou*d *ike to emphasize that by naming these necessary parties in the forec*osure action, [redacted] is not seeking money from MsF*, her “spouse, if any”, or any other heirs or potentia [redacted] heirs Rather, by fi*ing the forec*osure action and inc*uding a [redacted] of the named parties, [redacted] is attempting to c*ear tit*e pursuant to Ok*ahoma *aw Neither MsF [redacted] nor her “spouse, if any” have any persona [redacted] *iabi*ity for the amounts owed on the reverse mortgage *oan [redacted] is represented by the *aw firm of Baer, Timber*ake, Cou*son, & Cates, P.Cin Ok*ahoma City MsF [redacted] , or any counse [redacted] she chooses to retain, may contact their office direct*y at [redacted] to discuss possib*e optionsIt is our understanding that one option that a named party has is to fi*e a disc*aimer of interest in the forec*osure action In order to c*ear tit*e, [redacted] must continue the forec*osure with a [redacted] necessary partiesHowever, we are hopefu [redacted] that MsF [redacted] wi [redacted] take comfort in knowing that [redacted] is not seeking a monetary judgment against her or her spouse persona**y MsF [redacted] a*so expressed some concern about her creditAccording*y, we wou*d a*so *ike to note that [redacted] does not report information (negative or otherwise) to credit bureaus