The purpose of this letter is to confirm, based on our conversation of [ Loan Modification Advisors, LLC will represent you

in the pre-qualification, preparation and negotiation of a loan modification with your lender(s). We will provide the requisite services, necessary documents and forms to apply for a loan modification for you.
Please note: We Do Not Accept any Fees until we obtain a loan modification for you. If we do not obtain a loan modification for you, you will not incur any charges.

Our fee is structure is as follows:

A. Stand alone 1st or 2nd Mortgage:

A Flat Fee of $1,995.00 payable when your lender or servicer approves a satisfactory modification or modification trial period has been obtained in accordance with this Engagement Agreement.
B. Concurrent 2nd Mortgage or 3rd Mortgage (Each One):

A Flat Fee of % of modified loan amount or $800.00, whichever is greater, up to a maximum of $1,500.00 when your lender or servicer approves a satisfactory modification or modification trial period has been obtained in accordance with this Engagement Agreement. Our expectations of you are timely submission of requested and required documents for either our firm or for the lender. These responses should be prompt, true, and accurate. Our firm reserves the right to terminate our service agreement to you if you do not provide us with the requested documents in a timely matter. If our firm chooses to exercise this right, you will be notified in writing and WILL NOT incur any fees. Furthermore,timely
payment is expected of all fees upon completion of your loan modifications in accordance with this Engagement Agreement.

If you have any questions about your modification, application, our services or this Engagement Agreement, you should contact us immediately. This firm has not been engaged to provide any other service than the service listed in Paragraph 1 of this Engagement Agreement, including without limitation, the following services: bankruptcy advice, debt counseling, foreclosure rescue, foreclosure defense, eviction defense, credit/collection harassment and violation of the Fair Credit Act. Any

ENGAGEMENT LETTER
2 requests for information related to anything other than the service to be provided in Section 1, shall require an attorney or service willing to provide such advice. Nothing we say or do should be construed as providing legal advice or advice regarding matters that should be properly handled by an attorney or licensed individuals otherwise trained to render such advice. While it is impossible to predict how long it will take to conclude your loan modification(s), a general time frame is provided below. Again, this is only an estimate, and the actual time required to conclude this matter may be greater than expected. It may take a little as three (3) weeks to obtain approval of a loan modification(s) and as long as four (4) months. The firm cannot control the workload of the individual lenders and its staff, which causes delays out of the control the firm. We will make every effort to provide periodic updates to you via email and/or phone as we receive them. Of course, you are always welcome to call us anytime for an update. Nothing in this Engagement Letter may be construed as a promise or guarantee about the outcome of your loan modification(s). This firm makes no such promises or guarantees and you acknowledge that this firm has made no promise or guarantee about the outcome of your loan modification(s). You further acknowledge that this firm has not promised or guaranteed to stop any foreclosure sale and you should consult an attorney immediately if you have been served with a foreclosure complaint or an action to foreclose has been filed against you.
BORROWER'S RIGHT OF CANCELLATION YOU MAY CANCEL THIS AGREEMENT FOR LOAN MODIFICATION SERVICES WITHOUT ANY PENALTY OR OBLIGATION WITHIN 3 BUSINESS DAYS AFTER THE DATE THIS AGREEMENT IS SIGNED BY YOU. THE MORTGAGE BROKER, MORTGAGE BROKERAGE BUSINESS, MORTGAGE LENDER, OR CORRESPONDENT MORTGAGE LENDER IS PROHIBITED BY LAW FROM ACCEPTING ANY MONEY, PROPERTY, OR OTHER FORM OF PAYMENT FROM YOU UNTIL ALL PROMISED SERVICES HAVE BEEN COMPLETED. IF FOR ANY REASON YOU HAVE PAID THE CONSULTANT BEFORE CANCELLATION, YOUR PAYMENT MUST BE RETURNED TO YOU WITHIN 10 BUSINESS DAYS AFTER THE CONSULTANT RECEIVES YOUR CANCELLATION NOTICE. TO CANCEL THIS AGREEMENT, A SIGNED AND DATED COPY OF A STATEMENT THAT YOU ARE CANCELING THE AGREEMENT SHOULD BE MAILED (POSTMARKED) OR DELIVERED TO PENN CAPITAL

MORTGAGE, LLC AT 402 KNIGHTS RUN AVENUE, SUITE 100, TAMPA, FLORIDA 33602 NO LATER THAN MIDNIGHT OF (DATE) . IMPORTANT: IT IS RECOMMENDED THAT YOU CONTACT YOUR MORTGAGE LENDER OR MORTGAGE SERVICER BEFORE SIGNING THIS AGREEMENT. YOUR LENDER OR SERVICER MAY BE WILLING TO NEGOTIATE A PAYMENT PLAN OR A RESTRUCTURING WITH YOU FREE OF CHARGE.

ENGAGEMENT LETTER
3
Florida law allows you to cancel within three (3) business days from the execution of this Engagement Agreement However, we will allow you to terminate our firm at any time, with or without cause, by notifying us in writing.

If you have any questions about this information, please call us immediately. On behalf of the firm, we are happy to represent you in this matter. Very truly yours, National Loan Modification Advisors, LLC
AGREED TO AND ACCEPTED BY:

______________________________________ __________ Client Date ______________________________________ __________ Client Date

TERMS OF ENGAGEMENT AGREEMENT

This statement sets forth the standard terms of our engagement. Unless modified in writing by mutual agreement, these terms will be an integral part of our agreement with you. Therefore, we ask that you review this statement carefully and contact us promptly if you have any questions. We suggest that you retain this statement in your file. The Scope of Our Work You should have a clear understanding of the services we will provide. Any questions that you have should be dealt with promptly. We will at all times act on your behalf to the best of our ability. Any expressions on our part concerning the outcome of your loan modification or expectations for you are expressions of our best professional judgment, but are not guarantees. Such opinions are necessarily limited by our knowledge of the facts and are based on the state of the industry at the time they are expressed. How Fees Are Set In determining the amount to be charged for the services we provide to you we will consider: * The time and effort required, the novelty and complexity of the issues presented, and the skill required to perform the services promptly * The fees customarily charged in the community for similar services and the value of the services to you * The amount of money or value of property involved and the results obtained * The experience, reputation, and expertise of the personnel performing the services * The extent to which office procedures and systems have produced a high quality product efficiently. Among these factors, the time and effort required are typically weighted most heavily. Termination You may terminate our representation at any time, with or without cause, by notifying us in writing.