Negative Equity Waiver Checklist - NCDOT



NEGATIVE EQUITY WAIVER CHECKLISTClaim of:TIP Parcel No.:County::Agent’s Name:Date:Reviewer’s Name:Date:1.Is the subject property a 180 day residential owner occupant?Yes FORMCHECKBOX No FORMCHECKBOX 2.What date was the loan, mortgage, deed of trust executed?Date:Attach copy of Lien(s)3.Is the date entered in line 2 above greater than 180 days from the date of Initiation of Negotiations (date of the acquisition offer)?Yes FORMCHECKBOX No FORMCHECKBOX 4.Is the amount of the loan greater than the FMV based on the Department’s appraised value? Attach Copy of Payoff StatementYes FORMCHECKBOX No FORMCHECKBOX If you answered “Yes” to numbers 1, 3, and 4, please continue on. If you answered “No” to one or more of the above, the property owner is not eligible for a waiver of negative equity.5.Will approval of the waiver reduce any assistance or services the homeowner would be allowed under the Department’s relocation program?Yes FORMCHECKBOX No FORMCHECKBOX 6.Is the homeowner currently in default of their loan?Yes FORMCHECKBOX No FORMCHECKBOX 7.Can the homeowner continue to make monthly payments if NCDOT was not purchasing their home for the road project?Yes FORMCHECKBOX No FORMCHECKBOX 8.Will there be an administrative increase agreed to?Yes FORMCHECKBOX No FORMCHECKBOX 9.Is the administrative increase based solely on the portion of the calculated negative equity?Yes FORMCHECKBOX No FORMCHECKBOX 10.If you answered “No” to number 9, please explain what the administrative increase was for: If you answered “No” to questions 7, 8, or 9, please consult your Relocation CoordinatorIf you answered “Yes” to questions 5 or 6, please consult your Relocation CoordinatorWaiver ApprovedYes FORMCHECKBOX No FORMCHECKBOX Reviewer’s SignatureDate: ................
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