REO Preservation

Main Street Building Corporation (Division of Panorama of Homes)

PROPERTY PRESERVATION/ MANAGEMENT

Winterization- This order authorizes Main Street Building Corp. to winterize the plumbing at the property, to prevent freeze damage, according to the regulatory requirements for the loan type. If there are no applicable regulatory guidelines for the loan type, the HUD guidelines, and pricing schedule, will be followed. If the work cannot be completed for the applicable published price, an estimate will be provided to complete the winterization.

Resecure as Required- This order authorizes Main Street Building Corp. to return and secure an unsecured property that was previously secured. The property will be secured according to the regulatory specifications for the loan type, unless otherwise instructed.

Prepare to Convey- Main Street Building Corp. will ensure all necessary work required by the regulatory guidelines for the loan type is complete and the property is in conveyance condition. If any work is needed to bring the property into conveyance condition, and can be completed for the loan type's published regulatory fee schedule, the work will be completed under this order. If the work cannot be completed for the published fee, an estimate will be provided to bring the property into conveyance condition.

Minimum Securing to Specifications -This order authorizes Main Street Building Corp. to perform all necessary property preservation according to the applicable regulatory guidelines for the loan type or client profile. For loan types with no applicable regulatory guidelines, the HUD guidelines, and fee schedule, will be followed. Services typically include changing entry lock or keyway, locking all windows and doors, winterizing to the applicable specification and maintaining the grounds, when in season.

Lock Change- Under this order, Main Street Building Corp will change the lock(s) at the property to the key code according to the regulatory requirements for the loan type, unless otherwise instructed. For loan types with no applicable regulatory guidelines, the HUD guidelines, and fee schedule, will be followed. NO ADDITIONAL PROPERTY PRESERVATION WILL BE COMPLETED UNDER THIS ORDER, UNLESS SPECIFICALLY REQUESTED.

Lawn Maintenance- Main Street Building Corp will perform the necessary lawn maintenance to maintain the property's appearance, prevent further degradation to the grounds and relieve the property of any existing or potential violation of local ordinance. As with any property preservation order, the HUD specifications, and the HUD pricing schedule will be followed for all loans with no applicable regulatory guidelines, unless otherwise instructed. The standard completion objective is no greater than 10 business days, the national completion average being 5 days or less.

Debris Removal -This property preservation request authorizes our independent contractor to remove interior, exterior or hazardous debris at the property as authorized by client request or the regulatory specifications for the loan type. For loan types with no applicable regulatory specifications, the HUD specifications, and HUD reimbursable fee schedule, will be followed. If the debris, for any loan type, cannot be removed for the published reimbursable fee, an estimate will be provided.

Board or Screen to Area Specifications- Under this order type, any broken windows found at the property will be boarded or screened according to the area regulatory requirements for the loan type. When regulatory guidelines are not applicable for the loan type, or unless otherwise instructed, the HUD specifications will be followed. PLEASE NOTE: Some area regulations may require boarding and/or screening of all windows, regardless of their condition.

Reglaze Broken Glass- Under this order, Main Street Building Corp, will replace the glass in the broken windows and doors to secure the property. The applicable published regulatory fee schedule for the loan type will be followed. If no regulatory guidelines exist for the loan type, there is no published fee in the guidelines for the local area or the work cannot be completed for the applicable regulatory published fee, an estimate will be provided to complete the reglazing. If boarding and reglazing of the broken windows are ordered on the same property, which windows are to be boarded and which are to be reglazed will need to be specified.

Board Broken Windows- Under this order type only the broken windows at a property will be secured by boarding, regardless of the area regulatory requirements for the loan type. This order also authorizes the field representative to board any broken windows at the property without prior approval. Photographs of the broken windows, and the completed boarding, will be provided.

Allow Access -By request, we will arrange to have an independent contractor allow access for an individual(s) to a property secured with a HUD master key or the key code specified by the regulatory specification for the loan type. For properties not previously secured, a lock change will be required or the keys to the property will need to be provided. We will allow the

individual(s) access to the property for the length of time requested, then ensure the windows and doors are locked prior to departing the premises.

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