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2012HRAYER
School Construction Program -74 MOWN HRA Programs to Improve Neighborhoods wwwjlutchinsonhra.com f " Hutchinson Housing & Redevelopment Authority 2012 YEAR END REPORT In 2012, the HRA worked on the following housing objectives: 1. Continue to maintain strong emphasis on property management, energy conservation and tenant services at Park Towers. 2. Support rehabilitation of aging housing stock to preserve housing stock and prevent decline of neighborhoods. 3. Provide opportunities for first time homebuyers to purchase homes in Hutchinson. 4. Monitor foreclosures and develop strategies to purchase/rehab/resale bank owned, short sale, vacant or blighted properties. Summary of 2012 Activities Park Towers Apartments: 2 Improvements: Installed window treatments in 69 apartments, installed ventilation adapters in all apartments and recovered the parlor furniture. Applied for and was awarded $79,000 in Minnesota Housing Public Housing Bond funds to replace the energy inefficient, large second boiler at Park Towers. The boiler will be replaced in 2013. Replaced twenty six dining room chairs and purchased a new table and chairs for the laundry room. Installed new flooring in the beauty shop. Replaced two first floor commons areas air conditioning units. Replaced a laundry room washer with a high efficiency, energy star washer. Updated the following: Admissions and Continued Occupancy Plan, Resident Handbook and prepared the 2013 Annual Plan. 3. Received a High Performer Designation by HUD on Park Towers HUD 2011 PHAS standards for operation and management. 4. Achieved a 99% average occupancy for 2012 and prepared and leased twenty apartments. 5. Inspected all units, community areas and systems. 6. Continued focus on providing decent, affordable housing as well as facilitating services needed by the senior and disabled population at Park Towers. A management goal at Park Towers has been to support programs and partnerships that address the needs of residents. • Park Towers continued as a Senior Dining Program Site. 7473 meals were served at Park Towers in 2012 through the Senior Dining Program; the meal count averaged 30 meals per day. The suggested donation for a senior dining meal is $3.85. • The Park Tower's 2012 budget included funding for Tenant Services to create a monthly activities calendar and newsletter. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 1 of 10 Pages City Center: Rehabilitation 1. SCDP rehab program The primary Federal Objective of the Small Cities Development program for owner occupied rehab is to provide financial assistance to low and moderate - income homeowners whose homes need rehabilitation. The secondary impact is to encourage the preservation of housing and improve neighborhoods. The SCDP grant awarded for the NE Neighborhood in April of 2010 was completed 12/31/2012. Twenty three owner occupied homes were rehabbed over the term of the contract exceeding the grant goal of twenty homes. The total project was $614,991; $399,200 were SCDP funds. Homeowners received a 0% SCDP deferred loan with no payments, forgiven after ten years. The SCDP loan covered 70% of the repair costs. In 2012, the HRA was awarded SCDP funding for an additional ten owner occupied rehab projects in the NE and SW neighborhoods of Hutchinson. 2. Home Rental Rehab Program At Minnesota Housing Finance Agency request, the HRA is administering a multi -family HOME Rental Rehab project in Litchfield and Pipestone and will be collecting a fee for administration of these projects in 2013. 3. Minnesota Housing (MHFA) Rehabilitation (RLP) Program — Six RLP loans were originated and $118,098.25 was administered. The MHFA Rehabilitation Program is a 0% deferred loan forgiven after fifteen years that stresses safety, livability, and accessibility for families with very low incomes who own their homes. 4. Minnesota Housing Finance (MHFA) Fix Up Fund and Community. Ftp Fund Home Improvement Pro rg ams — Administered the Fix Up Fund in Hutchinson and the Community Fix -Up Fund Home Improvement Loan Program. Two Fix up Fund loans totaling $15,567.65 and four Community Fix Up Fund loans totaling $25,482.99 were originated. 5. CRV Deferred Rehab Loan Program- $11,837.00 was administered for three loans as owner match leverage to the SCDP program. Al 11 �v 1 SCDP - $18,799 + Owner Match - $8,057 = Total $26,856 First Time Homebuyer Programs 1. Administered the Hutchinson Home Purchase Opportunity Program (HHPOP) providing below market interest mortgages (CASA), affordability gap and entry cost assistance to support the purchase of starter homes affordable for incomes typical for the wages in our community. • $1,498,711 in CASA funds have been committed out of a $1,900,000 2011 Hutchinson Workforce Housing Initiative allocation that expires February 1, 2013. This initiative targets emerging markets, single headed households, and foreclosure remediation. First 2012 Hutchinson HRA Year End Report 2/19/2013 Page 2 of 10 Pages time homebuyer funding helps support successful homeownership, stabilizes neighborhoods, and supports the city tax base. Along with CASA funding, HAF and HOME HELP ($4500 to $10,000 in entry cost assistance) and HRA Entry Cost Assistance was available for first time homebuyers to purchase a home in Hutchinson in 2012. 2012 Foreclosure Remediation In 2012 the HRA acquired and demolished a blighted foreclosed home at 400 Lynn Road and then constructed a new home, partnering with the School Construction Program. The house was completed and sold in June 2012. Wells Fargo demolished a foreclosed, blighted home at 587 Franklin Street and subsequently donated the lot to the HRA in the fall of 2011. The HRA sold the lot to Habitat who then built a home there in 2012. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 3 of 10 Pages Before: The current HRA/School Construction project is the acquisition/rehab/resale of a foreclosed home at 734 Southview Drive SW. This project is scheduled to be completed in June 2013. 734 Southview Drive SW Improvements in progress: Before: 2012 Hutchinson HRA Year End Report 2/19/2013 Page 4 of 10 Pages Trends: Maxfield Housing Study 9/2012 Demographics: Projected growth in Hutchinson from 2010 to 2020 is 772 people or 5.4%. Demographics from the 2010 census: • Household size is declining • Hutchinson population is aging • Baby boomers account for 23% of the population • Outmigration of young adults ages 18-44 (-255). 1. Rental Housing Market Rate General Occupancy Rental According to the Maxfield Housing Study completed in September 2012 the market rate general occupancy rate in 2012 was 5.3%. A 5.0% vacancy rate is considered a healthy vacancy rate to allow for turnover and consumer choice. A vacancy rate of greater than 5.0% indicates a soft demand or mismatch between supply and demand. Since 1999, the rental vacancy rate has fluctuated from 1.00% to a high of 14.9% in 2009 due to area layoffs. The Maxfield Housing Study recommends that no additional market rate general occupancy units be built until 2014 + or until the economy and unemployment rate in Hutchinson improves (in September 2012, the unemployment rate in Hutchinson was 6.5%). Demand should increase to a level sufficient enough to support the development without adversely affecting the existing rental market (vacancy rate generally in the 2.0% range or less). Because of the current vacancy rate and market conditions, no General Occupancy rental housing development will be needed during 2013. Market Rate General Occupancy Vacancy Rate 14.90% 15.00% 10.00% 5.00% 0.00% 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 Subsidized General Occupancy Rental The Maxfield Study completed in 2012, showed the vacancy rate of subsidized general occupancy projects at 1.4%. Vacancies in subsidized developments should typically fall around 2.0% - 3.0%. Senior Housing The 2012 vacancy rate for market rate senior housing except for memory care was 4.0%. The 2012 vacancy rate for affordable/subsidized senior housing was 0.6%. Vacancies in subsidized developments should typically fall around 2.0 -3.0%. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 5 of 10 Pages Due to budget cut backs in Federal funding, development of subsidized housing with rents based at 30% of income is not feasible. 2. Homeownership Even though the housing market slowed and foreclosures impacted sales, there were good opportunities for buyers who had good credit and were mortgage ready. Interest rates remained at historic lows in 2012. The current interest rate for a first time homebuyer MHFA Start Up loan for an RD or FHANA loan is 2.75%. According to information from McLeod County, in 2012 there were 287 sales in Hutchinson with an average sales price of $111,638 and a median sales price of $101,400. In 2011 there were 242 sales in Hutchinson with an average sales price of $114,155 and a median sales price of $109,950. According to information from the Minneapolis Area Association of Realtors looking at data for the 55350 zip code, the 2012 median sales price was $111,500 compared to $115,250 in 2011 and $129,450 in 2010. There were 276 sales in 2012 compared to 254 sales in 2011 and 233 sales in 2010. As of December 2012 there were 108 homes for sale. The 2013 median family income for McLeod County is $73,600. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $44,600 to afford a home priced at $111,500 the 2012 median sales price of a house. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 6 of 10 Pages HOME RESALES CITY OF HUT CHINS ON 2003 throu h 2012 Year 2012 2011 2010 2009 2008 2007 2006 2005 2004 2003 P ri r a Ra... N- PLL N- PLL N- LLL N- LLL Xt229.7 L N- LLL N- Pct X- PLL X- LLL X- PCL Under $50,000 44 15.3 30 12.4 24 11 9 4.2 2.7 5 L8 6 L6 2 0.5 1 0.3 2 0.7 $50,000 to $74,999 33 115 3 12.8 16 7A 27 12.54.9 6 2.2 10 2.6 8 2. 9 3.0 9 3.2 $75,000 to $99,999 62 216 46 19.0 32 14.8 36 16.7 0.2 17 6. 22 5.8 28 7.3 25 8.3 33 1L8 $ 100, 000 to 124,999 52 , 18. 48 19.8 38 17.6 47 2189.0 39 14.0 56 14.8 56 14.7 50 16.7 62 22. $ 125,000 to $149,999 $150,000 to 174,999 4 16 14.3 1 5.6 33 22 13.6 9. 38 23 17.6 10.6 46 20 213 932.6 5.0 63 59 22.6 21 67 17.7 88 23.2 86 83 22.6 218 88 50 29.3 16.7 83 39 29.6 13.9 $175,000 to$199,999 13 4.5 9 3.7 12 5.6 12 5.6 36 12.9 45 1L9 46 12. 28 9.3 24 8.6 200000+ 26 9. 23 9.5 33 15.3 19 8.85.9 54 19.4 85 22.4 72 18.9 49 16.3 28 10.0 Total 287 100.0 2421 100.0 216 100A 216 100.01 226 100.01 279 100.01 379 100.01 381 100.01 300 100.f 280 100.0 Median $101,400 $109,950 $121,600 $117,750 $146,750 $157,900 $155,000 $152,000 $138,000 135,000 * 2004 resale breakdown numbers includes sonic sales not included in median calc. Sources: Peterson -Paulsen Associates Inc. Realty Maxfield Research Inc. McLeod County Assessor's Office The 2013 median family income for McLeod County is $73,600. Based on a household being able to afford a home priced at 2.5 times their income, not factoring in savings or debt that they may have, a household would need an income of $44,600 to afford a home priced at $111,500 the 2012 median sales price of a house. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 6 of 10 Pages 3. Housing Construction in Hutchinson According to the City of Hutchinson, Planning/Zoning/Building Department, there were 5 single family homes built in 2012. There is an adequate supply of 309 residential lots available compared to 312 lots as of January 1, 2012. 500 400 X000 300 4 200 20 100 — 0 Residential Lots Available as of January 1, 2012 397 318 292 292 317 314 9 262 314 180 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 City of Hutchinson Vacant Lots -2013 ----- cirylimits F lakepoly IE New Additions Vac -lots -January -2013 treGmmR a,�r area mr mem Gam �G map"-- �re �a crcarec rrem imc.mauR pmAGeO nrvanaue gmemm mom presoRceaa Gttkrent momenn In nme a�G m nm� Icele m acR.acr. mey are oly a grepnc represernaum anG mwu not ce canaGereG as poumnayacalale. The tlalal5 pn'MeG 'm m' wM no dalm ma[k as m Ma aeGuarr a Im appmFnateness m rts InnnceG use ofine mR. n u me Rryum®nty Rue em usgmLe axare Rtm GamaImttatlona mtlm utllRe nre tlala M aI'Mp tlam user ageesm odor's ctty mnumnuwn Ivnleutw cm�itureat�nq wia mis eKdarge m IMoanaGon.TM1emfpe umR no ma cnym reawnslre m,rr�. e�en�e, mma� Rlniunes.l�aminy �edai a! mene�ul a! mt�ewe�oal a,�^� m air ��a� R Pim ma�amee nor up u�. o� mise mup .aGnmam� vta�mea. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 7 of 10 Pages X000 treGmmR a,�r area mr mem Gam �G map"-- �re �a crcarec rrem imc.mauR pmAGeO nrvanaue gmemm mom presoRceaa Gttkrent momenn In nme a�G m nm� Icele m acR.acr. mey are oly a grepnc represernaum anG mwu not ce canaGereG as poumnayacalale. The tlalal5 pn'MeG 'm m' wM no dalm ma[k as m Ma aeGuarr a Im appmFnateness m rts InnnceG use ofine mR. n u me Rryum®nty Rue em usgmLe axare Rtm GamaImttatlona mtlm utllRe nre tlala M aI'Mp tlam user ageesm odor's ctty mnumnuwn Ivnleutw cm�itureat�nq wia mis eKdarge m IMoanaGon.TM1emfpe umR no ma cnym reawnslre m,rr�. e�en�e, mma� Rlniunes.l�aminy �edai a! mene�ul a! mt�ewe�oal a,�^� m air ��a� R Pim ma�amee nor up u�. o� mise mup .aGnmam� vta�mea. 2012 Hutchinson HRA Year End Report 2/19/2013 Page 7 of 10 Pages Number of New Residential Construction Total 79 85 55 78 77 66 80 67 51 28 14 4 7 4 90 80 70 60 50 40 30 20 10 0 2 141 1 +A 0 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 3 Family or More ■ Twin Homes ■ Single Family The above charts & maps are from the Department of Planning, Zoning and Building 2012 Year Report 4. Foreclosure Update # roreclosurac 200 180 160 140 120 100 80 60 40 20 0 McLeod County and Hutchinson Foreclosure Counts ■ McLeod County 200 2007 2008 2009 2010 2011 2012 2012 Hutchinson HRA Year End Report 2/19/2013 Page 8 of 10 Pages Number of Foreclosures in McLeod County and Hutchinson Year McLeod Hutchinson 2001 37 2002 43 2003 48 2004 48 14 2005 56 2006 72 2007 142 40 2008 159 42 2009 135 50 2010 200 62 2011 176 77 2012 135 45 2012 Sheriff Sales Cancelled In Hutchinson 26 2013 Sheriff Sales Scheduled to Date In Hutchinson 18 Preventing Foreclosures Education and Outreach: • First-time homebuyers will be referred to Home Stretch, an education course for first time home -buyers. The Home Stretch course is administered by Heartland Community Action Agency, www.heartlandcaa.org or 1-800-992-1710. Another website to help people avoid predatory lending is www.dontborrowtrouble.com • Homeowners at risk of foreclosure will be referred to Lutheran Social Services, www.Issmn.org/debt at 1-888-577-2227. • The HRA has compiled a list of helpful resources and made them available on the City or HRA website. These resources include: ■ City of Hutchinson (www.ci.hutchinson.mn.us) Foreclosure Prevention link. ■ Hutchinson HRA (www.hutchinsonhra.com) Foreclosure Prevention link. ■ Homeownership Center of MN (www.hocmn.org numerous publications are available including "Understanding Workout Options", "Tips for Talking with Your Lender", "Homeowner Rights During the Redemption Period" and "Foreclosure Process in Minnesota" ■ Minnesota Housing Finance Agency (www.mnhousing gov) Hutchinson HRA Priorities for 2013: Home Ownership MHFA has revamped its home buyer and home owner programs. CASA is no longer available but has been replaced by the MHFA START UP purchase loan for first time homebuyers. These loans have an option to obtain funding for downpayment and closing costs along with a first mortgage. MHFA also offers funding through their STEP UP loans for current homeowners to purchase a new house or refinance their current house. FIX UP Loans offer several options for homeowners to obtain either a secured or unsecured loan to fix up their home in Hutchinson. The HRA offers entry cost assistance and affordability gap 2012 Hutchinson HRA Year End Report 2/19/2013 Page 9 of 10 Pages funding to income eligible home buyers of homes sold by the HRA for the HRA foreclosure/abandoned house initiative. • Administer SCDP funding awarded in 2012 to rehab ten owner occupied homes in the northeast and downtown -southwest area. • Administer the Minnesota Housing Fix Up Fund and Community Fix Up Fund discount loan program (4% interest rate) targeted to the SCDP neighborhoods or to loans involving at least one home energy improvement in Hutchinson. • The HRA and school construction class is scheduled to complete the rehab of a foreclosed property at 734 Southview Drive in June 2013. The HRA has also received foreclosure recovery funding from MHFA and the Greater Minnesota Housing Fund for the purchase/rehab/resale of an abandoned or foreclosed house in Hutchinson for the 2013/2014 school year. • Continue to request free radon test kits from the Minnesota Department of Health for distribution in Hutchinson. Over 1000 free radon test kits have been picked up at City Center. Hutchinson is in a high radon area and the three houses tested and receiving 2012 SCDP funding all had radon levels above 4.Opc/L, the action level for radon mitigation. • As of 12/31/2012 there is $61,505 in City of Hutchinson SCDP New Construction Revolving loan funds for affordability gap; however $35,000 is reserved for the 2012 School Construction House. The City of Hutchinson has $425,450.00 in SCDP housing affordability gap loans receivable, this funding has assisted over fifty homebuyers in Hutchinson. • As of 12/31/2012 there is $73,060.41 in SCDP Rehab Revolving loan funds available. • As of 12/31/2012 there is $136,445.56 in HRA Entry Cost Notes Receivable. Rental • With a general occupancy vacancy rate of 5.3% no general occupancy rental projects are recommended for 2013. • Obtain a Green Physical Needs Assessment for Park Towers. Develop a 2014 Capital Fund Plan based on the Physical Needs Assessment and Energy Audit. G: HRA/Year End Report/2012 HRA Yearend report 2012 Hutchinson HRA Year End Report 2/19/2013 Page 10 of 10 Pages Appendix Index A City of Hutchinson Housing SCDP Revolving Loans and Balances B HRA Entry Cost Assistance Notes Receivable & Deferred Revenue C SCDP 2010 Closeout D 2012 Hutchinson Home Resales 2012 Median Sales Price for 55350 E Regional Multiple Listing Service of MN, Inc. Sales Data F Vacant Lots - January 2012 G MHFA New Homebuyer Programs H Foreclosure Process in Minnesota E 2012 Hutchinson Mortgage Foreclosure Sales with Util. Shut Offs City of Hutchinson Housing SCDP Revolving Loan Balance 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Balance as of 12/31/1999 $23,746.70 23,746.70 2000 Revenues (9/30/1999-9/30/2000) Source Date Amount Rehab Cum. Heidecker 1/28/2000 $100.00 Balance 2/29/2000 $80.00 4/18/2000 $80.00 5/25/2000 $80.00 7/13/2000 $80.00 8/29/2000 $80.00 Total 2000 Revenues $500.00 Balance as of 12/31/2000 24,246.70 $249246.70 2001 Revenues 9/30/2000 - 9/30/2001 Source Date Amount Source Date Amount Rehab Cum. Halek 6/22/2001 138.12 Hexum 6/6/2001 1,450.98 Balance 'Heidecker 6/27/2001 9988.81 Halek 7/16/2001 138.12 19450.98 'Halek 7/25/2001 7224.63 ('Loan Payoff) $17,489.68 Available Balances as of 12/31/01 $439187.36 41,736.38 2002 Revenues (9/30/2001 - 9/30/2002) Source Date Amount Rehab Cum. Balance Keeler 2/21/2002 89286.43 Luebke 9/3/2002 139695.50 Total 21,981.93 Available Balances as of 09/04/02 419736.38 239432.91 $659169.29 2003 Revenues (9/30/2002 - 9/30/2003) Source Date Amount Rehab Cum. Todnem' 12/5/2002 119941.29 Balance Closed after reporting period to DTED 9/30/2002 41,736.38 Available Balances as of 09/30/03 359374.20 779110.58 1 of 4 City of Hutchinson Housing SCDP Revolving Loan Balance 2004 Revenues (9/30/2003 - 9/30/2004) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount M & T Anderson 5/5/2004 7,910.00 G& S Wegner 5/18/2004 7,756.90 15,666.90 41,736.38 51,041.10 92,777.48 2005 Revenues 9/30/2004 - 9/30/2005 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance 41,736.381 Source Date Amount Source Date Amount Voelkel 3/9/2005 11751.46 Todnem 12/22/2004 $15,426 11,751.46 Johnson 4/29/2005 $12,801.60 Loans Made 3 Loans 27,736.00 Reused in 2005 $28,228 See Detail Sheet Active Program -15,984.54 41,736.38 359056.56 Total 0.00 $ 769792.94 2006 Revenues (9/30/2005 - 9/30/2006) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Wegner 5/12/2006 6,645.00 1 Loans Madq $6,447.07 Reused in 2006 6,645.00 FActive See Detail Sheet Program 419736.38 289609.49 - 9/30/2007) 1997 SCDP Program Income 0.00 $ 709345.87 2007 Revenues (9/30/2006 1988 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Schauer 12/7/2006 6,966.00 Iverson 1/16/2007 15,547.50 2 Loans Mad $12,460.00 See Detail Sheet 419736.38 28,609.49 10,053.50 1 $ 809399.37 2of4 2008 Revenues (9/30/2007 - 9/30/2008) 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. 1988 SCDP Program Income 1997 SCDP Program Income Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Konerza 4/22/2008 1,375.00 2 Loans Mad $9,446.50 1 Loans Mad $10,053.50 See Detail Sheet 'See Detail Sheet 41,736.38 20,537.99 0.00 $ 62,274.37 2009 Revenues (9/30/2008 - 9/30/2009) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount ISource Date Amount Source Date Amount Kamrath 5-09to9-09 463.00 1 Loans M $2,850.47 See Detail Sheet 2 Loans Mad $10,537.99 _ Loans Ma $0.00 See Detail Sheet 'See Detail Sheet 39,348.91 10,000.00 0.00 $ 49,348.91 2010 Revenues (9/30/2009 - 9/30/2010) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount ISource Date Amount Source Date Amount Kamrath 10-09to9-10 1,203.80 1 Loans M $40,000.00 10 Loans Mad $0.00 _ Loans Ma $0.00 See Detail Sheet ' See Detail Sheet ' See Detail Sheet 552.71 10,000.00 0.00 $ 10,552.71 2011 Revenues (9/30/2010 - 9/30/2011) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Source Date Amount Kamrath 10-10to9-11 1,084.10 1 Loans Mad $5,000.00 OLoans Ma $0.00 ' See Detail Sheet See Detail Sheet 1,636.81 5,000.001 $ 6,636.81 3of4 G:HRA/City Housing Rehab Revolving/City of Hutchinson Revolving Loan Balance 4of4 12/31/2012 2012 Revenues (9/30/2011 - 9/30/2012) 1988 SCDP Program Income 1999 SCDP Program Income` 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount ISource Date Amount Source Date Amount 9/30/2012 40,000.00 10/25/2011 $30,000.00 Kashuba 8/12-9/12 $62.24 1 $3,734.00 Amount ' heet TDetail See Detail Sheet 41,636.81 30,000.00 1,328.241 $ 72,965.05 " New Construction funds reallocated 2012. 2013Revenues (9/30/2012 - 9/30/2013) 1988 SCDP Program Income 1999 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Rehab Cum. Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Balance Source Date Amount Source Date Amount Source Date Amount Source Date Amount Kashuba 10/12-12/12 95.36 0 Loans Made 0 Loans Mad $0.00 OLoans Ma $0.00 ' See Detail Sheet ' See Detail Sheet See Detail Sheet 41,636.81 30,000.00 1,423.60 1 1 $ 73,060.41 41,636.81 30,000.00 1,423.60 1 0.00 0.00 $73,060.41 G:HRA/City Housing Rehab Revolving/City of Hutchinson Revolving Loan Balance 4of4 12/31/2012 2005 Loans Made 1988 SCDP Program Income (9/30/2004 - 9/30/200: 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Konerza 12/21/2004 $1,375.00 $27,736 Due: 51112008 Admin $1,000.00 Goble 12/28/2004 $11,795.00 Due: 71112029 Admin $1,000.00 Aydt 4/21/2005 $11,566.00 Due: 111112020 Admin $1,000.00 2006 Loans Made Total $27,736.00 79/30/2005 - 9/30/2006) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Worden 7/24/2006 $5,447.07 Due: 61112035 Admin $1,000.00 $6,447.07 2006 Loans Made(9/30/2006 Total $6,447.07 - 9/30/2007) UL 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Schuette 8/15/2007 $4,460 Due: 811512037 Admin I $1,500 Schmeling 1 9/14/2007 $5,000 Due: 911412037 Admin $1,500 Total $12,460.00 $12,460.00 2008 Loans Made (9/30/2007 - 9/30/2008) 1988 SCDP Program Income 1997 SCDP Program Income 12002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program lRevolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source IDate lAmount I I Source Date lAmount I Source I Date Amount Source I Date Amount 1 of 3 2of3 Melancon 1/23/2008 $1,446.50 Peterson 1 10/2/2007 $5,000 Due: 1/23/2038 Due: 101212037 Admin $1,500.00 Admin $1,500 Billiet 3/21/2008 $5,000.00 Melancon 1/23/2008 $3,553.50 Due: 3/21/2038 Due: 1/23/2038 Admin $1,500.00 Admin $0 Total 59,446.50 Total $10,053.50 $19,500.00 2009 Loans Made (9/30/2008 - 9/30/2009) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date lAmount Source Date Amount Source Date Amount Source Date Amount Kamrath 4/30/20091 $2,550.47 Otto 4/28/2009 $5,000.00 Interest: 6.5% 1 Due: 412812039 Last Payment: 111712011 Admin $1,500.00 Payment: $92.60 Stammer 9/29/2009 $4,000.00 Admin $300 Due: 912912039 $13,388.46 Total $2,850.47 Admin $37.99 Total 510,537.99 2010 Loans Made (9/30/2009 - 9/30/2010) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date lAmount Source Date Amount Source Date Amount Source Date Amount HHRA Mar -101 $40,000 Due: At Sale of Home Total $40,000.00 2011 Loans Made (9/30/2010 - 9/30/2011) 1988 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Damlow 10/29/2010 $5,000 Due: 1012912040 Total $5,000.00 2of3 3of3 2012 Loans Made (9/30/2011- 9/30/2012) 1988 SCDP Program Income 1999 SCDP Program Income* 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Progra Revolving Rehab Loan Prograi Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Source Date Amount Kashuba 11/23/2011 $3,734 Due: 10 years Total $0.00 Total $3,734.00 2013 Loans Made (9/30/2012 - 9/30/2013) (9/30/2012 - 9/30/2013) 1988 SCDP Program Income 1999 SCDP Program Income 1997 SCDP Program Income 2002 SCDP Program Income 2007 SCDP Program Income Total Revolving Rehab Loan Progra Revolving Rehab Loan Prograi Revolving Rehab Loan Program Revolving Rehab Loan Program Revolving Rehab Loan Program Rehab Source Date Amount Source Date Amount Source Date Amount Source Date Amount Source Date Amount Total $0.00 " New Construction funds reallocated 2012. 3of3 City of Hutchinson Housing SCDP Revolving Loan Balance 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2000 Revenues (9/30/1999-9/30/2000) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2001 Revenues (9/30/2000 - 9/30/2001) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2002 Revenues (9/30/2001 - 9/30/2002) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance $0.00 2003 Revenues (9/30/2002 - 9/30/2003) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Johnson 2/21/2003 7,750.00 Deboer 5/30/2003 13,755.00 Glieden 9/25/2003 18,000.00 69,505.00 Bunn 9/26/2003 30,000.00 Total 69,505.00 0.00 2004 Revenues (9/30/2003 - 9/30/2004) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Sorgatz 2/6/2004 30,000.00 Schwartz 3/15/2004 18,000.00 Blum 5/28/2004 18,000.00 Trana 6/30/2004 18,000.00 Total 84,000.00 0.00 153,505.00 2005 Revenues (9/30/2004 - 9/30/2005) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Blomer 2/22/2005 $18,000.00 Carlson 4/21/2005 $18,000.00 Eck 6/24/2005 $18,000.00 Schramm 7/22/2005 $20,000.00 Total $74,000.00 Loans Made 9 Loans $105,000.00 * See Detail Sheet -$31,000.00 $122,505.00 $0.00 $122,505.00 2006 Revenues (9/30/2005 - 9/30/2006) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Cruser 12/20/2005 $18,000.00 Olsen 3/24/2006 $18,000.00 Kenning 5/26/2006 $18,000.00 $54,000.00 Loans Made 8 Loans $106,000.00 * See Detail Sheet -$52,000.00 $0.001 $70,505.00 2007 Revenues (9/30/2006 - 9/30/2007) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Cum. Balance Recycled New Const. Loan Program Source Date Amount Source Date Amount Peterson 6/27/2007 $10,000.00 Loans Made Ebert 7/20/2007 $5,000.00 3 Loans $45,000.00 * See Detail Sheet 0 Loans * See Detail Sheet -$45,000.00 $15,000.00 $25,505.00 $15,000.00 $40,505.00 2008 Revenues (9/30/2007 - 9/30/2008) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Artibee 11/13/2007 $10,000.00 Paterson 1/30/2008 $10,000.00 Bjorge 5/1/2008 $10,000.00 0 Loans * See Detail Sheet $30,000.00 $25,505.00 $45,000.00 $70,505.00 2009 Revenues (9/30/2008 - 9/30/2009) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Dostal 10/31/2008 $20,000.00 Zeiher 5/26/2009 $18,000.00 Total $38,000.00 0 Loans 0 1 Loans $35,000.00 * See Detail Sheet *See Detail Sheet $63,505.00 $10,000.00 $73,505.00 2010 Revenues (9/30/2009 - 9/30/2010) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Demell 4/26/2010 $18,000.00 Total $18,000.00 0 Loans 0 Loans $0.00 * See Detail Sheet * See Detail Sheet $81,505.00 $10,000.00 $91,505.00 2011 Revenues (9/30/2010 - 9/30/2011) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Total $0.00 0 Loans 0 Loans $0.00 * See Detail Sheet * See Detail Sheet $81,505.00 $10,000.00 $91,505.00 2012 Revenues (9/30/2011 - 9/30/2012) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Reallocation to 00 Rehab 10/25/2011 -$30,000.00 Total -$30,000.00 Loans $0.00 0 Loans 0 Loans $0.00 * See Detail Sheet * See Detail Sheet $61,505.00 $51,505.00 1 $10,000.00 $61,505.00 2013 Revenues (9/30/2012 - 9/30/2013) 1999 SCDP Program Income 1999 SCDP Program Income New Const. Revolving New Const. Loan Program Recycled New Const. Loan Program Cum. Balance Source Date Amount Source Date Amount Total $0.00 0 Loans 0 Loans $0.00 * See Detail Sheet * See Detail Sheet $51,505.00 1 $10,000.00 $61,505.00 G:HRA/City Housing Rehab Revolving/City of Hutchinson Revolving Loan Balance Wegner 10/24/2008 $35,000 1999 SCDP Program Income Recycled New Const. Loan Program Source Date Amount 1999 SCDP Program Income Rev. New Const. Loan Pro. Source Date Amount Ebert 1/28/2005 $5,000 1 Benson 1/18/2005 $10,000 2 Peterson 2/4/2005 $10,000 3 Schramm 2/28/2005 $30,000 4 Artibee 2/25/2005 $10,000 5 Paterson 3/25/2005 $10,000 6 Bjorge 3/30/2005 $10,000 7 Magnuson 5/19/2005 $10,000 8 Olmscheid 8/5/2005 $10,000 9 Total $105,000 1999 SCDP Program Income Rev. New Const. Loan Pro. Source Date Amount Walz 1/17/2006 $11,000 10 Ebeling & W 5/24/2006 $15,000 11 Lee 6/14/2006 $15,000 12 Flemming 7/10/2006 $11,000 13 Ohnscheid,Corey 8/1/2006 $9,000 14 Hopp 8/4/2006 $15,000 15 Sifferath 8/15/2006 $15,000 16 Stolp 9/20/2006 $15,000 17 Total $106,000 Hall 3/23/2007 $15,000 18 Kruse 6/22/2007 $15,00019 Mackedanz 6/29/2007 $15,00020 Total $45,000 Wegner 10/24/2008 $35,000 1999 SCDP Program Income Recycled New Const. Loan Program Source Date Amount DTED Loans/Mortgages Closing Total # Loan # Name Site Date DTED Funding 1 8700 Olsen, Jill M. /28/20 $18,000 2 8703 Ebnet, Laura RM 3/30/2000 $18,000 $18,000 3 8704 Eck, Jody M. $18,000 $18,000 4 8706 Glieden, Jessica M. 4/21/2000 $18,000 $18,000 5 8707 Johnson, Darlene RM 4/28/2000 $20,000 $20,000 6 8708 Blomer, Brian $18,000 7 8710 Erdman, Amy A. IVH 5/31/2000 $18,000 $18,000 8 8711 Schramm, Christopher IVH 6/17/2000 V $20,000 $20,000 9 8712 Johnson, Trevor IVH 2/21/2003 $7,750 $7,750 10 8713 Deboer, Joshua RM 6/29/2000 $13,755 $13,755 11 8714 rana, Wayne RM 6/29/2000 $18,000 $18,000 12 8721 Levine, Amy M. RM 9/22/2000 $18,000 $18,000 13 8722 Miller, Shalee IVH 9/28/2000 $20,000 $20,000 14 8723 Buresh, Thomas IVH 9/28/2000 $16,000 $16,000 15 8725 Gruenhagen, Deeann RM 9/29/2000 $20,000 $20,000 16 8726 Ziemann, Racquel IVH 9/29/2000 $18,000 $18,000 17 8727 Zei er,ory . IVH 17 18,000 18 8729 Dostdal, Joshua RM 1/31/2001 $20,000 $20,000 19 8730 Stanton, Christopher RM 21112001 $10,848 $10,848 20 8731 Schwartz, Melanie M. RM 2/15/2001 $18,000 $18,000 21 8732 Bunn, Ben & Rhonda RM 4/27/2001 $30,000 $30,000 22 8733 Carlson, Carl R. RM 5/31/2001 $18,000 $18,000 23 24 8734 8736atz, Kenning, Heidi Julie A. RM IVH 7/31/2001 /1/2Q l $18,000 $30,000 $18,000 x,000 25 8737 Rath, Lori A. IVH 711/1/2001 $18,000 $18,000 26 8738 Mackinnon, Phyllis M. RM 11/22/2001 $20,000 $20,000 27 F8739 Cruser, Preston & Megan RM 12/21/2001 $18,000 $18,000 28 8740 Demell, Dale & Jayna RM 1/18/2002 $18,000 $18,000 29 8741 Misty Blum RM 1/24/2002 $18 000 $18,000 30 8745 7Krienke, N. & Dahlke A RM 11/1/2002 $12,450 $12,450 -Satisfied Total $546,803 Total Less Satisfied $1989450 Satisfied DTED Loans Date Satisf. DTED Loans/Mortgages 1 8712 Johnson, Trevor IVH 2/21/2003 $7,750 2 8713 Deboer, Joshua RM 5/30/2003 $13,755 3 8706 Glieden, Jessica M. RM 9/25/2003 $18,000 4 8732 Bunn, Ben & Rhonda RM 9/26/2003 $30,000 5 8736 Sorgatz, Julie A. IVH 2/6/2004 $30,000 6 8731 Schwartz, Melanie M. RM 3/15/2004 $18,000 7 8741 Misty Blum RM 5/28/2004 $18,000 8 8714 Trana, Wayne RM 6/30/2004 $18,000 9 8708 Blomer, Brian RM 2/22/2005 $18,000 10 8733 Carlson, Carl R. RM 4/21/2005 $18,000 11 8704 Eck, Jody M. RM 6/24/2005 $18,000 12 8711 Schramm, Christopher IVH 7/22/2005 $20,000 13 8739 Cruser, Preston & Megan RM 12/20/2005 $18,000 14 8700 Olsen, Jill M. RM 3/24/2006 $18,000 15 8734 Kenning, Heidi RM 5/26/2006 $18,000 16 8729 Dostdal, Joshua RM 10/31/2008 $20,000 17 8727 Zeiher, Cory A. IVH 5/26/2009 $18,000 18 19 8740 8730 Derrell, Dale & Jayna Stanton, Christopher RM RM 4/26/2010 3/18/2010 $18,000 $10,848 Total $348,353 "- Foreclosure" G:/HRA/DTED/Dted Loan Log 12/31/2012 HHPOP City Revolving Loans/Mortgages Closing City Total # 1 2 3 4 5 6 7 8 9 Loan # 8800 8801 8803 8804 8805 8806 8807 8808 8812 Name Ebert Benson Peterson Schramm Artibee Paterson HSCP Bjorge Olmscheid Date 1/18/2005 2/4/2005 2/28/2005 2/25/2005 3/25/2005 511912005 3_/30/2005 8/5/2005 Check # 731 127030 128031 127810 128336 129356 128337 130804 Loan $5,000 $10,000 $10,000 $30,000 $10,000 $10,000 $10,000 $10,000 $10,000 Funding $5,000 $15,000 $25,000 $55,000 $65,000 $75,000 $8-5,000 $95,000 $105,000 10 8813 Walz 1/17/2006 133761 $11,000 $116,000 11 8819 Ebeling & Weid 5/24/2006 136115 $15,000 $131,000 12 8822 Lee 6/14/2006 136370 $15,000 $146,000 13 14 15 8823SCP 8818 8824 Flemming Olmscheid, Corey Hopp 7/10/2006 81112006 8/4/2006 137062 137381 137380 $11,000 $9,000 $15,000 $157,000 $166,000 $181,000 16 8821 Sifferath 8/15/2006 137609 $15,000 $196,000 17 8825 Stolp 9/20/2006 138351 $15,000 $211,000 18 8826 Hall 3/23/2007 141662 $15,000 $226,000 19 8827 Mackedanz 8/1/2007 143295 $15,000 $241,000 20 8828 Kruse 6/22/2007 143008 $15,000 $256,000 21 Wagner 10/24/2008 $35,000 $291,000 22 $291,000 23 $291,000 24 $291,000 25 $291,000 26 $291,000 27 $291,000 28 $291,000 29 $291,000 30 $291,000 -Satisfied -Foreclosure Satisfied City Revolving Loans Total $291,000 Total Less Satisfied $227,000 Date Satisf. Amount 1 8803 Peterson 6/27/2007 $10,000 2 8800 Ebert 7/20/2007 $5,000 3 8805 Artibee 11/13/2007 $10,000 4 8806 Paterson 1/31/2008 $10,000 5 6 7 8 8808 8818 8807 Bjorge Olmscheid, Corey Magnuson 5/1/2008 1012112009 1212912011 Sheriff Sale Sheriff Sale $10,000 $9,000 $10,000 9 10 GMRAMBPOP/City Revolving Loan Log 12/31/12 Total $64,000 2004 HRA Entry Cost Assistance Notes Receivable 1999 Loans Balance 2004 Original HRA Funds $28,745.56 as of 5/28/2009 Mortgage Check Check Loan Terms # Loan # Name Date # Issue Date Amount 1 8801 Benson 1/18/2005 1038 1/11/05 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 2 8803 Peterson Satisfied 39259 V6/22/05V 3 8805 Artibee Satisfied 40-406 2/22/05 4 8804 Schramm 02/28/05 1041 2/25/05 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 5 8806 Paterson Satisfied 40-783 3/17/05 6 8808 Bjorge Satisfied 16983 3/17/05 7 8807 Magnuson SS 12/29/11 1044 5/17/05 Due Upon Sale/Payoff 1st mortgage (30yrs) 8 8809 Stevens 06/28/05 1045 6/22/05 $1,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 9 8810 DelGuanto Satisfied 40-2171 6/22/05 10 8812 Olmscheid 08/05/05 1047 7/26/05 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 11 8827 Mackedanz 06/29/07 1252 6/22/07 $1,146.00 Due Upon Sale/Payoff 1 st mortgage (40yrs) 12 CW45 Liepke SS 09/22/10 1255 7/30/07 Due Upon Sale/Payoff 1st mortgage (30yrs) 13 8829 Johansson 12/17/07 1261 11/30/07 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 14 8830 Sharpe J&J 8/29/2008 1264 8/11/2008 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 15 8831 Ablen, Suzanne 09/19/08 1265 09/08/08 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 16 CW414 Larson, J & E 10/02/08 1266 09/29/08 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 17 CW49 Wagner, Amber 10/24/08 1267 10/14/08 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 18 Runke, Dustin & Jessic 07/07/09 1270 07/01/09 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 19 20 Mortgage Check Check Loan Terms Existing Home HHPOP Date # Issue Date Amount 1 Wixcey SS 01/27/11 1048 11/12/05 Due Upon Sale/Payoff 1st mortgage (30yrs) 2 Brenneman 07/05/07 1253 6/26/07 $5,000.00 Due Upon Sale/Payoff 1st mortgage (40yrs) 3 Burnison SS 01/21/10 1256 7/31/07 Due Upon Sale/Payoff 1st mortgage (30yrs) 4 S. Karg Satisfied 10/30/09 5 Norcutt 10/12/07 1259 10/08/07 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 6 Hatton 11/09/07 1260 11/01/07 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 7 Ubben SS 04/01/08 1262 03/28/08 Due Upon Sale/Payoff 1st mortgage (30yrs) 81 Schmidt, J & K 06/06/08 1263 06/03/08 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 9 Mochinski, Adam 05/15/09 1269 05/07/09 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 10 Krumwiede, Brooke 10/30/09 1271 10/27/09 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 11 Schultz, Nathan & Kari 09/30/10 1272 09/28/10 $3,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 12 Duesterhoeft, Allison 1 10/28/10 1274 10/28/10 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) Page 1 of 3 Page 2 of 3 Mortgage Check Check Loan Terms Existing Home HHPOP Date # Issue Date Amount Total Satisfied 0.00 $59,146.00 Total 2005 HRA Notes Receivable Past Loan Payoff 1/26/2005 $900.00 Past Loan Payoff 4/21/2005 $2,000.00 Past Loan Payoff 6/24/2005 $2,000.00 Past Loan Payoff 7/22/2005 $2,000.00 Past Loan Payoff 3/24/2006 $2,000.00 Past Loan Payoff 11/4/2008 $2,000.00 Past Loan Payoff 5/28/2009 $2,000.00 Past Loan Payoff 11/30/2011 $1,000.00 Total Payoffs $13,900.00 $87,891.56 Total '99, '05 & '07 HRA Loans 2004 HRA Entry Cost Assistance Notes Receivable (Deferred Revenue) 2004 Reallocated City Funds for HRA Loan $48,554.00 $48,554(Reall.) Mortgage Check Check Loan Terms # Loan # Name Date # Issue Date Amount 1 8819 Ebeling & Wiederhoft 05/24/06 136117/1049 05/17/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 2 8820 Oleson 06/09/06 136372/1050 06/01/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 3 8822 Lee 06/13/06 136372/1051 06/01/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 4 8824 Hopp 08/04/06 136117/1052 7/25/2006 $5,200.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 5 8821 Sifferath 08/15/06 137657/1053 08/08/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 6 8825 Stolp 09/20/06 138514/1054 9/19/2006 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 7 8826 Hall 03/23/07 141666/1250 03/15/07 $6,500.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8 8828 Kruse 06/22/07 143061/1251 06/01/07 $6,500.00 Due Upon Sale/Payoff 1st mortgage (40yrs) 9 8827 Mackedanz 06/29/07 143349/1252 6/26/2007 $5,354.00 Due Upon Sale/Payoff 1st mortgage (30yrs) Total Satisfied $48,554.00 Total on the Books Past Loan Payoff 2/22/2005 $2,000.00 Past Loan Payoff 5/26/2006 $2,000.00 Total Payoffs $4,000.00 HRA Account $0.00 Remaining in City Account Grand Total Satisfied of 2004 HRA Funds $0.001 $136,445.56 Total HRA Notes Receivable Page 2 of 3 Page 3 of 3 Satisfied HRA Loans 1 8803 Peterson Satisfied 6/26/2007 $2,000.00 2 8805 Artibee Satisfied 11/13/2007 $2,000.00 3 8806 Paterson Satisfied 1/31/2008 $1,500 4 8808 Bjorge Satisfied 5/1/2008 $700 5 8810 DelGuanto Satisfied 7/24/2008 $2,000.00 6 S. Karg (Short Sale) Satisfied 10/30/2009 $3,000.00 7 Burnison Foreclosure 1/21/2010 $1,750.00 8 CW45 Liepke Foreclosure 9/22/2010 $3,000.00 9 Wixcey Foreclosure 1/27/2011 $2,000.00 10 Ubben Foreclosure 7/20/2011 $3,000.00 11 8807 Magnuson Foreclosure 12/29/2011 * $2,000.00 * 12/31/2012 Journal Entry Total Satisfied $22,950 G:/HRA/HPOP/List of 2004 HRA Loans Separated 12/31/2012 Page 3 of 3 1 of 3 HRA Entry Cost Assistance Deferred Revenue 1999 Original HRA Funds Mortgage Check Check Loan Terms # Loan # Name Date # Issue Date Amount 1 8700 Olsen, Jill M. Satisfied 3/24/2006 $2,000 2 8701 Washburn, Richard A. Satisfied 1/29/2002 $2,000 3 8702 Zelm, Jeffrey J. 03/16/00 1002 03/13/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 4 8703 Ebnet, Laura 03/30/00 1003 03/13/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 5 8704 Eck, Jody M. Satisfied 6/24/2005 $2,000 6 8705 Peterson, Timothy F Satisfied 4/11/2001 $2,000 7 8706 Glieden, Jessica M. Satisfied 9/25/2003 $1,479.45 8 8708 Blomer, Brian Satisfied 2/22/2005 $2,000.00 9 8709 Karg, Chad 05/24/00 1009 05/10/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 10 8710 Erdman, Amy A. 05/31/00 1010 05/10/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 11 8711 Schramm, Christopher Satisfied 7/22/2005 $2,000 12 8714 Trana, Wayne Satisfied 6/30/2004 $2,000.00 13 8715 Hoernemann, Warren 06/30/00 1013 06/22/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 14 8716 Martin, Douglas T. Satisfied 01/26/05 $900.00 15 8717 Gilmore, Thomas D. & Brandi Jo Satisfied 6/28/2002 $2,000 16 8718 Berg, George&Theresa 08/16/00 1016 08/08/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 17 8719 Mallack, Eric J. Satisfied 7/11/2003 $2,000 18 8720 Mielke, Shelly 09/14/00 1018/1020/1021 09/14/00 $1,245.56 Due Upon Sale/Payoff 1st mortgage (33yrs) Total Satisfied $20,379 $13,245.56 HRA Entry Cost Assistance Deferred Revenue 1 of 3 2 of 3 1999 Reallocated ECHO Funds for HRA Loan Mortgage Check Check Loan Terms # Loan # Name Date # Issue Date Amount 19 8721 Levine, Amy M. 09/22/00 1022 09/22/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 20 8722 Miller, Shalee 09/28/00 1023 09/26/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 21 8723 Buresh, Thomas 09/28/00 1024 09/26/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 22 8724 Karg, Joshua & Griep, Megan Satisfied 2/7/2003 $2,000 23 8725 Gruenhagen, Deeann 09/29/00 1026 09/26/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 24 8726 Ziemann, Racquel 09/29/00 1027 09/26/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 25 8727 Zeiher, Cory A. Satisfied 5/20/2008 $2,000.00 26 8728 Wendolek, Peter J 12/12/00 1029 12/11/00 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 27 8729 Dostdal, Joshua Satisfied 10/31/2008 $2,000.00 28 8732 Bunn, Ben & Rhonda Satisfied 9/26/2003 $2,000.00 29 8733 Carl R. Carlson Satisfied 4/27/2005 $2,000.00 30 8734 Kenning, Heidi Satisfied 5/26/2006 $2,000.00 31 8735 Kowarsch, Korry & Korrine Satisfied 10/15/2003 $2,000.00 32 8742 Schmidt, Todd A. 02/27/02 1035 02/25/02 $1,500.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 33 8744 Schmid, Amy M. Satisfied 11/30/2011 09/26/02 34 8745 Krienke, N & Dahlke, A 11/01/02 1037 10/30/02 $2,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 2006 Reallocated City Funds for HRA Loan 8819 Ebeling & Wiederhoft 05/24/06 136117/1049 05/17/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8820 Oleson 06/09/06 136372/1050 06/01/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8822 Lee 06/13/06 136372/1051 06/01/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8824 Hopp 8/4/2006 137423/1052 7/25/06 $5,200.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8821 Sifferath 08/15/06 137657/1053 08/08/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8825 Stolp 09/20/06 138514/1054 09/19/06 $5,000.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8826 Hall 03/23/07 141666/1250 03/15/07 $6,500.00 Due Upon Sale/Payoff 1st mortgage (30yrs) 8828 Kruse 06/22/07 143061/1251 06/01/07 $6,500.00 Due Upon Sale/Payoff 1st mortgage (40yrs) 8827 Mackedanz 06/29/07 143349/1252 06/26/07 $5,354.00 Due Upon Sale/Payoff 1st mortgage (30yrs) Total Satisfied $14,000.00 $64,054.00 Total Reallocated Funds Grand Total Satisfied of 1999 HRA Funds $34,379.45 $77,299.56 Grand Total Deferred Revenue 2 of 3 3 of 3 Satisfied HRA Loans 1 8705 Peterson, Timothy F Satisfied 4/11/2001 $2,000 2 8701 Washburn, Richard A. Satisfied 1/29/2002 $2,000 3 8717 Gilmore, Thomas D. & Brandi Jo Satisfied 6/28/2002 $2,000 4 8724 Karg, Joshua & Griep, Megan Satisfied 2/7/2003 $2,000 5 8719 Mallack, Eric J. Satisfied 7/11/2003 $2,000 6 8706 Glieden, Jessica M. Satisfied 9/25/2003 $1,479.45 7 8732 Bunn, Ben & Rhonda Satisfied 9/26/2003 $2,000.00 8 8735 Kowarsch, Korry & Korrine Satisfied 10/15/2003 $2,000.00 9 8714 Trana, Wayne Satisfied 6/30/2004 $2,000.00 10 8716 Martin, Douglas T. Satisfied 01/26/05 $900.00 11 8708 Blomer, Brian Satisfied 2/22/2005 $2,000.00 12 8733 Carl R. Carlson Satisfied 4/21/2005 $2,000.00 13 8704 Eck, Jody M. Satisfied 6/24/2005 $2,000.00 14 8711 Schramm, Christopher Satisfied 7/22/2005 $2,000.00 15 8700 Olsen, Jill M. Satisfied 3/24/2006 $2,000 16 8734 Kenning, Heidi Satisfied 05/26/06 $2,000.00 17 8729 Dostdal, Joshua Satisfied 10/31/2008 $2,000.00 18 8727 Zeiher, Cory A. Satisfied 05/26/09 $2,000.00 19 8744 Schmid, Amy M. Satisfied 11/30/2011 $1,000.00 Total $359379.45 G:/HRA/1999 SCDP/List of HRA Deferred Revenue Loans - 12/31/2012 3 of 3 BUSINESS AND COMMUNITY DEVELOPMENT SMALL CITIES DEVELOPMENT PROGRAM (SCDP) Office of Community Development Grant Adjustment Notice MEMO Grant#: CRAP-09-0077-0-FY10 Adjustment# l Grantee: City of Hutchinson Project Title: Hutchinson Housing Rehabilitation To: The Honorable Steve Cook 11 I Hassan St. SE Hutchinson, MN 55350-2522 The Fdlowing Adjustments in the above grant project are approved: A. The status of this grant is now: Closed, Program Income, Audit Pending The former status was: Open B. The award amounts for this grant are changed and/or finat as follows: Former Change Final Small Cities 399,200.00 0.00 399,200.00 Other 148,800.00 66,991.00 215,791.00 Total 548,000.00 66,991.00 614,991.00 Prepared by: Jeremy LaCroix ri Approved by: 9 1/11/2013 Business & Community Development Representative DATE NE Neighborhood Projects Log # Name Address Phone Closing SCDP Loan Owner Source Weath Total Proj Date Amount Match Sub Total erization Cost 8683-1 565 Carlise Street 320-221-1675 8/13/2010 $15,535 $6,658 RLP & Radon $22,193 $8,094.86 $30,288 8683-2 83 McLeod Avenue 587-4256 8/6/2010 $14,141 $6,061 Personal Funds $20,202 $20,202 8683-3 4 11th Avenue 587-7212 8/11/2010 $19,264 $8,331 CRv, Radon & P $27,595 $27,595 8683-4 121 6th Avenue NE 583-8277 8/13/2010 $12,315 $7,397 Lead Hazard, GIV $19,712 $19,712 8683-5 564 Carlisle Street 587-2226 11/23/2010 $20,758 $9,692 CFUF $30,450 $30,450 8683-6 883 Oak Street NE 587-8023 9/24/2010 $13,231 $5,670 RLP & Radon $18,901 $1,827.81 $20,729 8683-7 5 5th Avenue NE 587-0130 9/23/2010 $19,064 $8,171 GMHF $27,235 $7,279.00 $34,514 8683-8 475 Main Street NE 583-2703 10/29/2010 $18,726 $8,025 Revolving, PF& 1 $26,751 $26,751 8683-9 44 11th Avenue NE 587-3716 12/29/10 $11,264 $5,227 AHP $16,491 $16,491 8683-10 108 5th Avenue NE 320-296-6174 11/19/2010 $13,117 $5,621 CFUF $18,738 $18,738 8683-11 154 5th Avenue NE 234-8985 10/29/2010 $7,817 $3,350 PF & NA Green $11,167 $11,167 8683-12 524 Clark Street NI 320-455-0021 4/11/2011 $14,027 $6,011 RLP & Radon $20,038 $8,601.56 $28,640 8683-13 66 North High Dr. 587-1136 4/5/2011 $16,800 $7,200 CRv $24,000 $24,000 8683-14 65 - 10th Avenue N 587-6801 4/20/2011 $17,581 $11,778 Personal Funds $29,359 $29,359 8683-15 624 Hillcrest Rd NI 587-5904 6/28/2011 $9,127 $3,913 CRv $13,040 $13,040 8683-16 436 Prospect St. NI 320-296-3501 10/19/2011 $15,243 $8,032 CRv+PF $23,275 $23,275 8683-17 430 Rose Lane NE 587-3929 8/11/2011 $18,341 $15,361 RLP & Radon $33,702 $2,816.10 $36,518 8683-18 727 Glen St. SW 612-220-4989 10/26/2011 $6,635 $2,844 CRv+ PF $9,479 $9,479 8683-19 489 California St. IN 320-583-5675 11/1/2011 $18,788 $10,252 CFUF $29,040 $29,040 8683-20 115 Second Avenu 320-234-6507 11/23/2011 $15,890 $6,810 CRv & Revolvin $22,700 $22,700 8683-21 726 Brown Street S 320-587-4232 2/22/2012 $11,760 $7,979 CFUF & Persona] $19,739 $19,739 8683-22 330 5th Avenue S 320-583-4504 9/10/2012 $18,799 $8,057 Personal Funds $26,856 $26,856 8683-231 33 Jefferson St SE 583-2300 10/5/2012 $18,916 $8,107 CFUF&Persona] $27,023 $27,023 12 SCD! 675 Milwaukee Ave 11/19/2012 $61 $61 Grant Agreement: Total $347,200.00 SCDP rehab funds Remaining $0 23 Unit Goal 20 Totals $347,200 $170,547 $517,686 $546,366 NE 17 Average $159093 $79415 $229508 $22,438.19 Citywide 6 Median $15,535 $7,397 $22,700 $23,637.50 2012 Hutchinson Home Resales PARCEL SELLER BUYER SALE PRIG DATE OF SAL # % 23.143.0010 FEDERAL NATIONAL BAT HOLDINGS TWO $13,350 2/24/2012 23.050.5150 SEC OF HOUSING MEYERSON $14,200 4/02/2012 23.266.0030 FANNIE MAE MUNSELL $15,000 2/16/2012 23.112.0870 MN HOUSING SCHOFIELD $18,000 9/17/2012 23.145.0800 KOCI ROBINSON $20,000 12/03/2012 23.246.0100 BANK OF NEW YORK STIX & BRIX $20,102 9/26/2012 23.145.0510 WELLS FARGO STIX & BRIX $21,102 3/15/2012 23.052.0040 BANK OF NEW YORK STIX AND BRIX $22,122 6/11/2012 23.050.4540 FEDERAL NATIONAL RIVERA $24,000 8/02/2012 23.050.4810 LARSON & HELMBRECH LENNES $24,000 4/11/2012 23.050.5140 STATE BANK OF COKAT FIRST STATE BANK $24,000 3/30/2012 23.050.1860 RUPP HAMRE $24,900 1/16/2012 23.056.0150 MN HOUSING TUCKER $25,000 3/30/2012 23.143.0010 BAT HOLDING MCKENNA PARK $25,000 6/15/2012 23.056.1120 CITIMORTGAGE STIX & BRIX $25,252 4/13/2012 23.133.0430 SEC OF VETERANS AFFA LEVASSEUR $26,000 6/06/2012 23.050.4030 FEDERAL HOME LOAN STIX & BRIX $26,062 11/27/2012 23.112.1670 FEDERAL NATIONAL EXSTED $26,500 2/29/2012 23.312.0010 JP MORGAN AEHA LLC $26,500 11/09/2012 23.050.5140 KENSINGTON BANK GRUENDEMANN $27,500 6/01/2012 23.050.5240 FALLING HANSON VENTURES $28,000 11/01/2012 23.050.2970 MN HOUSING TUCKER $28,500 1/12/2012 23.056.0010 BRANDT GLESSING $30,000 9/24/2012 23.120.0120 FEDERAL HOME MORTG HEINTZ $30,000 6/26/2012 23.124.0130 ZIEGENHAGEN ALSLEBEN $30,000 11/15/2012 23.148.0030 FEDERAL NATIONAL STIX & BRIX $32,002 3/16/2012 23.149.0090 WELLS FARGO STIX AND BRIX $34,500 8/03/2012 23.169.0110 BANK OF NEW YORK BREWER $34,900 4/09/2012 23.238.0080 FIMON RETZLAFF $35,000 4/10/2012 23.050.4210 US BANK STIX & BRIX $38,173 8/24/2012 23.050.3710 SEC OF HOUSING STIX & BRIX $38,297 9/04/2012 23.050.0920 FEDERAL HOME LOAN BAUER $39,900 4/12/2012 23.442.0040 FEDERAL HOME LOAN GUGGEMOS $40,000 2/23/2012 23.145.0350 BRADY STARR $41,214 3/06/2012 23.056.1940 WILLHITE SWAN SHORES $41,580 4/13/2012 23.231.0140 SCHWARTZ TOFTELY $43,000 8/31/2012 23.124.0220 REIDELL DAMLOW $45,000 9/07/2012 23.392.0250 COUNTRYWIDE HOME CHRISTENSEN $45,000 4/27/2012 23.143.0180 FEDERAL NATIONAL HOUK $45,700 5/15/2012 23.130.0030 SECRETARY OF HOUSIN TRUN KEY INVESTM'TS $46,500 11/28/2012 23.050.5010 SEC OF HOUSING MANDELKOW $47,500 5/23/2012 23.124.0020 MESSNER BROLL $47,700 4/12/2012 23.120.0050 FEDERAL HOME ROBBINS $48,500 1/18/2012 23.218.0060 SCHARMER ZIEMANN $49,650 4/26/2012 44 15.3% 23.130.0140 BLUHM PETZEL $50,000 1/12/2012 23.130.0140 PETZEL WURZBERGER $50,000 1/12/2012 23.088.0280 SVOBODA SCHMIDT $52,000 2/23/2012 23.282.0010 MN HOUSING BESTUL $52,000 4/13/2012 23.094.0060 CITIMORTGAGE WEIDE $53,100 2/01/2012 23.088.0550 ERICKSON AEHB LLC $54,000 10/05/2012 23.145.0070 SEC OF HOUSING RUSCH $55,000 6/21/2012 23.300.0220 BANK OF AMERICA WEIDE $55,100 6/11/2012 23.050.4790 WASSENAAR WISCH $59,900 6/22/2012 2012 Hutchinson Home Resales 23.169.0360 MARESH BECKER $60,000 5/30/2012 23.252.0080 WELLS FARGO FIRST CLASS BUILDER $62,000 3/22/2012 23.269.0080 US BANK HALLIBURTON $63,000 4/18/2012 23.056.0360 ERICKSON AUNE $63,900 6/08/2012 23.423.0480 BANK OF NEW YORK MARQUARDT $64,000 8/09/2012 23.147.0090 FANNIE MAE ACTIVE ASSETS $64,350 2/16/2012 23.143.0280 MURPHY PALM $65,000 8/01/2012 23.167.0160 KENNING SCHAFFER $65,000 9/04/2012 23.176.0180 JP MORGAN GREATER MN HOUSING $66,900 5/16/2012 23.090.0250 MEDINA ORLICKI $66,950 9/07/2012 23.145.0940 PETTIS YARAND $67,000 8/01/2012 23.112.1890 JP MORGAN WILDFLOWER PROPER $68,500 5/29/2012 23.056.0270 MN HOUSING STEUCK $69,870 3/16/2012 23.167.0450 DEKOSTER JENSEN $69,900 7/16/2012 23.050.1360 AVEYRON HOMES VLIET $70,000 11/08/2012 23.102.0080 FEDERAL HOME GRIMSLEY $70,000 6/15/2012 23.180.0050 FREY FRASER $70,000 11/21/2012 23.274.0320 BRENNEMAN ZEMLICKA $70,000 12/28/2012 23.088.0420 GORES COWMAN $72,000 10/03/2012 23.050.3230 HSBC BANK BOMSTAD $72,200 11/21/2012 23.106.0350 HART BREWSTER $72,500 3/02/2012 23.106.0080 LUTTER KARG $72,900 4/27/2012 23.252.0080 FIRST CLASS BUILDER KEELER $73,500 3/22/2012 23.147.0090 ACTIVE ASESSTS HUSE & LIBOR $74,000 2/23/2012 33 11.5% 23.102.0040 KIRCHOFF MAURER $75,000 8/03/2012 23.186.0090 HSBC NORTON $75,704 6/12/2012 23.269.0080 HALLIBURTON ANDERSON $76,000 9/18/2012 23.056.0556 BERWALD STANCEK $77,450 5/04/2012 23.252.0060 SEC OF VETERAN AFFAI FRASER $77,600 5/04/2012 23.050.4480 BJORGE DOSTAL $79,900 4/13/2012 23.252.0150 BANK OF NEW YORK MCRAITH $79,900 5/30/2012 23.056.1900 STARK PAUL $80,000 1/06/2012 23.176.0450 PETERSON PETERSON $80,000 8/28/2012 23.154.0280 PFANNSMITH HAGBERG $80,001 3/30/2012 23.052.0030 HAUSLANDEN NESS $81,000 9/27/2012 23.154.0280 GUDNERSON PFANNSMITH $81,500 3/14/2012 23.104.0010 PNC BANK GARTNER $82,000 2/27/2012 23.174.0090 WELLS FARGO BEROSKE $83,000 12/19/2012 23.144.0020 MCCORMICK SCHROEDER $83,100 6/29/2012 23.231.0180 ZAJICEK BRINKMAN $84,000 6/15/2012 23.154.0270 WELLS FARGO HUBBARD-ANDERSON $84,900 6/15/2012 23.150.0020 HANSEN MARKGRAF $85,000 3/23/2012 23.305.0050 RANIERI GARCIA $85,000 1/30/2012 23.402.0070 MACKENTHUN PRIEVE $85,000 4/30/2012 23.126.0080 WELLS FARGP RICHTER $85,950 9/11/2012 23.050.4870 BANK OF AMERICA ECKSTEIN $86,000 8/09/2012 23.112.1290 FHLMCSON ERICKSON $86,000 9/25/2012 23.112.1560 VIGREN LEWERENZ $86,000 6/19/2012 23.073.0010 TRAEN NATIONAL RESIDENTIA $86,300 6/01/2012 23.073.0010 NATIONAL RESIDENTIA1. SETTER $86,300 6/06/2012 23.056.0540 FEDERAL NATIONAL LANKEY $87,000 8/21/2012 23.236.0030 FEDERAL NATIONAL TREBIL $87,000 5/11/2012 23.231.0240 KENNING HANSON $87,500 8/01/2012 23.407.0080 OLSON RUND $88,000 3/30/2012 2012 Hutchinson Home Resales 23.154.0200 WENDORFF BACHMAN $89,000 10/30/2012 23.443.0010 BEKKERING HALL $89,100 7/31/2012 23.050.5350 WHITCOMB HARVALA $90,000 6/27/2012 23.088.0090 HOFFMANN CRUCKSON $90,000 1/20/2012 23.193.0140 FEDERAL NATIONAL VONBERGE $90,000 12/12/2012 23.253.0055 SEC OF VETERAN BENAGE $90,000 7/31/2012 23.255.0040 SHAFFER PICHA $90,000 11/01/2012 23.386.0040 LEPEL SCHAEFER $90,000 6/06/2012 23.453.0180 FEDERAL NATIONAL PULKRABEK $90,000 11/16/2012 23.205.0010 US BANK BIELKE & BURDICK $90,500 3/08/2012 23.112.0660 FEDERAL NATIONAL JOHNSTON $91,000 8/31/2012 23.278.0040 LARAWAY LUEHRING $91,500 3/19/2012 23.050.2880 WOODWORTH JANSICK $92,000 3/05/2012 23.104.0030 FEDERAL NATIONAL MORAWITZ $92,000 8/29/2012 23.386.0050 HANSEN HAGEMAN $92,000 6/15/2012 23.386.0190 EWERT HAGEMAN $92,000 5/21/2012 23.184.0070 OLESON HAVELKA $92,900 4/20/2012 23.443.0020 RYAN RAMIREZ $93,000 4/06/2012 23.090.0530 BEAVER FRERICHS $94,000 5/31/2012 23.056.3580 LAMPRECHT DEWITT $95,000 10/30/2012 23.274.0310 FIELD WISCH $95,000 1/03/2012 23.386.0190 HAGEMAN OTTERSTATTER $95,000 5/21/2012 23.456.0020 WENDOLEK GILL $95,000 4/26/2012 23.229.0030 FITZLOFF SIMS $95,500 3/15/2012 23.310.0140 MUNSELL HARSTAD $95,500 3/16/2012 23.309.0040 ERICKSON NILSON $96,000 2/29/2012 23.278.0040 LUEHRING ETTEL $96,700 9/14/2012 23.362.0080 PETERSON PETTIS $97,090 4/02/2012 23.253.0065 GARTNER BEILKE $97,500 3/16/2012 23.255.0350 LORD BETKER $98,000 8/17/2012 23.056.0645 ORTLOFF ALVARADO $99,500 1/27/2012 23.172.0060 KINNEMAN BLACKMAN $99,900 11/20/2012 62 21.6% 23.360.0070 HARDEL PIEHL $100,000 7/10/2012 23.411.0030 BRINKMAN HOEFER $100,000 11/16/2012 23.423.0270 FEDERAL HOME LUTHENS $100,000 10/20/2012 23.423.0550 HALL KOEHLER $100,000 9/26/2012 23.112.1010 TREBIL SAM INVESTMENT PRO $101,400 11/28/2012 23.193.0030 FEDERAL NATIONAL GRIMM $103,000 6/29/2012 23.300.0300 IKEM MCGUIRE $103,500 7/27/2012 23.300.0270 HAAS RANNOW $104,000 5/30/2012 23.143.0500 DAHLQUIST CARROLL $104,700 1/14/2012 23.146.0010 MERKINS DAFFNER $104,900 4/20/2012 23.169.0120 BUTCHER NYBAKKE $105,000 6/20/2012 23.413.0100 SCHMELING DRAHOS $105,000 10/31/2012 23.167.0270 SCHOLL FRANCO $106,825 8/17/2012 23.133.0380 JOHANNECK PRIEVE $107,000 11/14/2012 23.464.0060 JUG PETERSON $108,000 5/15/2012 23.165.0140 STURGES MIKRUT $108,500 11/09/2012 23.236.0070 FLOEDER BONDERMAN $109,900 3/08/2012 23.133.0450 ANDERSON NOHNER $110,000 11/28/2012 23.386.0150 STILLINGS MUCKALA $110,000 10/25/2012 23.414.0210 MEIER MORITKO $110,000 5/23/2012 23.124.0020 BROLL BERNARDY $111,500 9/28/2012 23.159.0240 THOMPSON JENSEN $111,500 6/27/2012 2012 Hutchinson Home Resales 23.196.0020 ASHBAUGH RICHARDSON $112,000 1/27/2012 23.370.0090 KEMPNER CROSS $112,000 10/05/2012 23.155.0120 KOSEK BROWN $112,500 9/28/2012 23.464.0030 MARTINEZ DUESTERHOEFT $112,500 4/04/2012 23.090.0040 CROSBY CALAVERA $114,900 9/12/2012 23.096.0050 BOETTCHER RADEMACHER $115,000 10/19/2012 23.102.0080 GRIMSLEY POTTER $115,000 10/31/2012 23.124.0150 PETERSON PLOWMAN $115,000 11/02/2012 23.169.0330 PLAETZ WENDLAND $115,000 4/27/2012 23.050.5030 ZIEMAN LENZNER $116,000 2/03/2012 23.165.0170 GALLES FAMILY TRUST CK SHERWOOD $116,000 4/12/2012 23.437.0060 GREJTAK BURICH $116,500 2/15/2012 23.112.0600 ROSENAU LENZ $117,000 7/27/2012 23.442.0160 FEDERAL NATIONAL PAULSON $117,500 2/07/2012 23.080.0040 HURT BURLEY $118,000 5/01/2012 23.416.0150 ANDERSON ETAL KOSSACK $118,000 4/02/2012 23.300.0170 LINK MEIER $119,000 10/26/2012 23.160.0410 SICKMANN WILEY $119,400 3/29/2012 23.106.0420 MEECE PAPENHAUSEN $119,500 12/27/2012 23.088.0520 CITIZEN BANK MARCONCINI $119,900 3/30/2012 23.104.0040 MARQUART PODRATZ $119,900 6/29/2012 23.120.0090 MORCONCINI RICKEMAN $119,900 5/04/2012 23.155.0080 SCHEELE TERLINDEN $120,000 6/22/2012 23.165.0040 FEDERAL NATIONAL SCHMIT $120,000 3/30/2012 23.453.0320 SEC OF HOUSING HATCHER $120,000 4/19/2012 23.133.0400 FARMERIE MELBERG $123,000 1/03/2012 23.442.0170 ROGERS DOBRATZ $123,500 10/03/2012 23.169.0010 PRIEVE LEUNG $123,600 5/31/2012 23.230.0040 BENSON YARAND $124,000 12/20/2012 23.453.0360 ZEHNTER HAULSADEN $124,900 9/26/2012 52 18.1% 23.070.0080 ERICKSON THEISEN $125,000 7/18/2012 23.479.0230 HERTIAGE INVESTMENT BUSCHE $125,000 9/14/2012 23.436.0220 GREINER MICKLE $125,900 9/27/2012 23.066.0030 READING PAUESICK $126,000 7/31/2012 23.079.0080 DEMING HILLMANN $127,000 11/29/2012 23.167.0410 BRICK MICKOLICHEK $127,500 12/05/2012 23.065.0120 SAAR SWANSON-LANE $128,000 6/27/2012 23.112.1270 HOUSING & REDEVELOP MCKAY $128,000 6/22/2012 23.275.0210 GASSMAN READING $128,000 7/31/2012 23.336.0270 SWANSON SCHUMANN $128,000 8/31/2012 23.342.0110 HACKER SANDERS $128,000 12/20/2012 23.336.0670 WADDELL DE LA BARRA $128,900 1/13/2012 23.309.0270 BHATT WENDT $129,000 1/31/2012 23.157.0040 WELLS FARGO BERRY $129,900 9/20/2012 23.246.0140 DAHLBERG JD PROPERTIES $130,000 8/27/2012 23.451.0290 MURPHY WEST $131,000 7/18/2012 23.453.0260 BROWER LAUMEYER $132,000 5/30/2012 23.056.2850 NORDIN MATTAUCH $133,000 1/20/2012 23.309.0280 RADUNZ BARGEL $134,000 11/02/2012 23.431.0100 SCHELLINGER FLY $134,500 11/27/2012 23.268.0020 PETERSEN EVENSON $134,900 8/27/2012 23.402.0130 WIGGERT SCHROEDER $134,900 8/31/2012 23.132.0010 HAYASHI OLSON $136,000 4/20/2012 23.431.0160 GADACZ LUTHENS $136,000 6/22/2012 2012 Hutchinson Home Resales 23.453.0300 FEDERAL NATIONAL KNUTTSON $136,000 12/27/2012 23.336.0390 NEUMANN GOLDSTEIN $138,000 2/15/2012 23.342.0110 THOMAS HACKER $140,000 11/16/2012 23.088.0530 CITIZENS BANK KARK & LUNDIN $142,000 5/30/2012 23.309.0190 KLABUNDE SCHULTZ $142,000 7/13/2012 23.402.0120 STEPHENSON WEBBER $142,000 8/30/2012 23.428.0410 FEDERAL HOME PADRNOS $142,600 8/15/2012 23.063.0180 LEE ZIEMAN $144,500 11/16/2012 23.079.0020 KOCKELMAN RANNOW $144,900 9/12/2012 23.118.0010 SMITH HOUSEHOLDER $145,000 8/28/2012 23.178.0020 RAMIREZ DOSTAL $145,000 4/06/2012 23.414.0020 BERGQUIST ETAL GREENE $145,000 8/01/2012 23.437.0140 VAN LITH HRANICKA $145,900 4/27/2012 23.182.0020 ERICKSON LARSON $149,000 5/25/2012 23.195.0610 SEC OF HOUSING WINN $149,000 7/13/2012 23.269.0150 WACKER BARFKNECHT $149,000 8/24/2012 23.414.0120 BRANDT HAUGEN $149,500 6/14/2012 41 14.3% 23.002.1800 FINANCIAL FREEDOM MARTINEZ $150,000 1/27/2012 23.133.0280 SCHUETTE MCKAY $152,500 7/10/2012 23.452.0030 NAUSTDAL RETTMAN $154,900 8/31/2012 23.454.0200 SUKO CURTIS $156,000 3/16/2012 23.382.0160 SCHWERMANN MAHLSTEDT $157,000 11/30/2012 23.150.0190 MORAN ORTLOFF $159,900 6/08/2012 23.159.0100 CORBY RYDER $159,900 10/18/2012 23.452.0080 SORENSEN & NAUSTDA1 SCHMIDT $159,900 2/24/2012 23.050.0830 NORDLING BURLEY $162,000 11/30/2012 23.269.0190 RIBICH MASON $162,000 2/21/2012 23.444.0170 MESSNER GUSTAFSON $165,000 4/16/2012 23.451.0210 CITIZEN BANK COTE $165,000 4/04/2012 23.468.0190 NAUSTDAL LIEPKE $168,500 10/01/2012 23.056.3600 YETZER LAUER $170,000 7/12/2012 23.196.0120 REINSEL REDMANN $170,000 3/28/2012 23.445.0250 JOHNSON MAHONEY $171,500 11/09/2012 16 5.6% 23.275.0060 CITIZEN BANK LENNES $175,000 1/03/2012 23.418.0010 HOFFMAN KIEFER $178,500 4/18/2012 23.451.0030 BETKER DRAHOS $179,000 8/31/2012 23.472.0080 BERSCHEID BUILDERS MORGANDO $179,900 4/19/2012 23.224.0100 CURTISS WITTKE $180,000 6/15/2012 23.273.0010 BEMIS HANSON $180,000 5/08/2012 23.197.0120 GLASSON ROSENAU $182,000 9/28/2012 23.197.0150 DRAHOS SCHWEMANN $188,000 10/31/2012 23.036.1750 FEDERAL NATIONAL WEBER $190,000 12/03/2012 23.439.0260 DITLEFSON JOHNSON $190,000 9/24/2012 23.428.0300 CROOKS CROSBY $194,000 5/30/2012 23.451.0315 VONBERGE BONTE $194,600 5/15/2012 23.441.0170 SHRIDER VONBERGE $197,000 5/15/2012 13 4.5% 23.336.0070 BUDIJONO HANSON $201,021 3/30/2012 23.274.0030 NELSON MURPHY $201,900 7/18/2012 23.428.0270 RICE GREIN $204,250 3/30/2012 23.376.0030 WETTERLING NISSEN $205,000 9/28/2012 23.422.0110 PETTIS KUTTNER $208,000 7/30/2012 23.441.0060 BJORNBERG TRETTIN $210,000 8/30/2012 23.445.0010 WILSON FUHR $214,900 6/29/2012 23.198.0040 TEMPLIN MCRAITH $215,000 11/01/2012 2012 Hutchinson Home Resales 23.327.0070 SPARBE MORET $215,000 10/26/2012 23.451.0170 BROWN LUTHENS $218,000 4/13/2012 23.455.0260 RAINEY IKEM $224,900 7/27/2012 23.327.0020 HANKINS SUKO $238,700 3/16/2012 23.288.0080 SAVAGE PILGRIM $240,000 6/29/2012 23.445.0350 FRAMERS PLUS MORAN $243,600 10/17/2012 23.428.0360 JOHNSON HANTGE $244,000 6/01/2012 23.366.0050 DIMICK SANKEN $250,000 12/10/2012 23.408.0210 URBAN VILT $250,000 11/01/2012 23.270.0240 KEGLEY DEMING $256,000 12/07/2012 23.428.0090 PIEHL WETTERLING $275,000 5/01/2012 23.428.0060 KARG MURCH $306,500 11/16/2012 23.265.0020 NELSON NELSON $325,000 8/21/2012 23.419.0010 CITIZEN BANK DEAN $325,955 6/04/2012 23.327.0130 BROLL WALSH $333,333 4/24/2012 23.056.3430 CGE PROPERTIES HARTUNG $342,500 8/31/2012 23.455.0150 HOFFMANN PAGGEN $347,300 1/30/2012 23.326.0040 RENKES SCHUETTE $347,500 9/28/2012 26 9.1% Total 287 100.0% Median $101,400 Average $111,638 This information was prepared by: 55350 Median Sales Price Time Frame: Rolling 12 Months $129,450 $115,250 -1 ...... MINNEAPOLIS AREA Assccla wn of REALTO RV $111,500 -3.3% Jan 2010 thru Dec 2010 Jan 2011 thru Dec 2011 Jan 2012 thru Dec 2012 Based on data availaUe as of January 15, 2013 Data comes from the REgional Multiple Listing Service of Minnesota. Inc. Data deemed reliablE but not guaranteed. Powered by 1 OK Research and Marketing. Fairw Est sAd ♦ ���������j ♦ —�J 1 Mme, 1 FY<�1� lo I 1 rk Mea Ad 1 ' 1 ddition M PP EH MET HH M .._®® 0 bdivision A SRI -- ® tearnswood Additi Westridge res Additi---- �� n er Ridg Additi i : k3rldgew'aferLsFalksi9.'BdiRbn —I 1 ,mm 1 1 � �I � .._ ♦♦ I a iewliei is Addition ----- Ls 1 nwood � 1 1 _ ♦ 1 Ravenwol d west ---- ottk ourtAd ition outhf� g k id a ,d tjo 0 v D I outhwind A tion 4 .......-... City of Hutchinson Vacant Lots -2013 - citylimits Zoning lakepoly W cls E s Fairway Estates Atltlton R -1 -PD New Additions 21 Lots Vac -lots -January -2013 Vacant Lots - January, 2013 Addition Zoning Year Availability Fairway Estates Atltlton R -1 -PD 1999 21 Lots Park Meadows Atltlton R-3 2005 10 Lots Bridgewater Estates Atltltlion R-1 2000 30 Lots Island View Heights Addition R -2 -PD 2004 17 Lots Ravenwootl West Addition R-2 2005 9Lots Sum m erset Addition R -2,R-3 2005 114 Lots Southwnd Atltlton. 1stantl2ntl R-2 2003 19 Lots Southrork Addition R- 3 - PD 2004 49 Lots Kottke Court Replat to RverPO Me Villas R- 2 - PD 2008 10 Lots Westrtlge Shores Addition R- 1 1995 1 Lots Santelm ans Atltltlon R -3 -PD 1993 10 Lots Stearnwood Addition R-1 2004 5Lots Ravenwootl R-3 1999 1 Lot Hunters Ridge Addition R-2 2004 1Lot Fraser Subdivision Addition R-2 2005 1Lot Excelsior Addition R-2 2007 5Lots Hellantls Sixth Addition R-2 1984 4Lots Other Msc R-2 Unlmown 2Lots Total 309 Lots Disclaimer The end user of this information agrees that these data and map sets have been created from information provided by various government and private sources at different moments in time and at various levels of accuracy. They are only a graphic representation and should not be considered as positionally accurate. The data is provided "as is' with no claim made as to its accuracy or its appropriateness to its intended use of the data. It is the responsibility of the end user to be aware of the data's limitations and to utilize the data in an appropriate manner and the end user agrees to hold The City of Hutchinson harmless for claims arising out of this exchange of information. Therefore under no circumstances shall the City of Hutchinson be held responsible for any costs, expenses, damages or injuries, including special or incidental or consequential damages to any person(s) or property that arises from the use, or misuse of the information provided. 2013 HHPOP Guidelines at a Glance Family Size City Revolving HOME HELP Start Up, Step Up, Monthly Pay. Loan & HRA Deferred Payment Loan w/ Start Up Monthly Pay. Loan - FHA w/ Start Up & Step Up 80% (Area) 80% AMI 1 $41,250 $4000 $73,900 $31,050 $59,240 2 $47,150 $46,400 $73,900 $35,500 $67,710 3 $53,050 $52,200 $84,985 $39,900 $76,170 4 $58,900 $58,000 $84,985 $44,350 $84,640 5 $63,650 $62,650 $84,985 $47,900 $84,985 6 $68,350 $67,300 $84,985 $51,450 $84,985 7 $73,050 $71,950 $84,985 $5500 $84,985 8 $77,750 $7600 $84,985 $58,550 $84,985 CRV 80% CRV 115% $59,200 $85,000 MHFA Purchase Price Limits - $237,031 First time Homebuyer Option PURCHASE LOAN 'Not available with HFA Preferred Risk Sha ringm Non -first-time Homebuyer Option PURCHASE LOAN Monthly Payment Loa n Basic Features: -Amortizing with monthly payments -Interest rate equal to first mortgage rate -Up to $5,000 or 5% of the purchase price, whichever is greater LOAN IMPROVEMENT LOAN D AND UNSECURED.. Secured Secured fired Loan Energv/ Loan Accessibility Loan Basic Features: Basic Features: Basic Features: Monthly Deterred HOME Payment Payment HELP Loan Loan' Loan' Basic Features: Basic Features: Basic Features: -Amortizing -Deferred pagmern -Merred payment with monthly payments -lrterest-free -interest-free -interest rate -Up to $3,,900 -Federal guldtlines equal to first or 395 of the purchase price, -50% Forgiven mortgage rate riNcheuer is after 6 ys -up to $5,060 greater -Up to 510,GW or 5% of the purchase price, whichever is greater 'Not available with HFA Preferred Risk Sha ringm Non -first-time Homebuyer Option PURCHASE LOAN Monthly Payment Loa n Basic Features: -Amortizing with monthly payments -Interest rate equal to first mortgage rate -Up to $5,000 or 5% of the purchase price, whichever is greater LOAN IMPROVEMENT LOAN D AND UNSECURED.. Secured Secured fired Loan Energv/ Loan Accessibility Loan Basic Features: Basic Features: Basic Features: -10 or 20 year -10 year loan term -10 year loan loan term -Up to $7,540 terra -Up to $35,000 -UP to $10,000 -Basic energy -Basic livability conservation -Basic livability improvements and accessolsiIIty improvements improvements Term Sheet Start Up is Minnesota Housing's statewide mortgage program for income -eligible first-time homebuyers. The program is mailable through Agency -approved lenders. This term sheet is a summary of program requirements and does not contain all the information needed to originate Minnesota Housing loans. Lenders should refer to Minnesota Housing's Start Up Program Procedural Manual and the underlying product descriptions for complete information. Minnesota Housing 1 400 Sibley Street, Suite 300 I Saint Paul, MN 55101-1998 1800,710,8871 1 651.296.8215 1 mnhousing.gov 2012,11.28 PARAMETERS REQUIREMENTS • FHA • RD Eligible Products • FHA 203(k) Streamlined ■ Conventional HFA Preferred'" • VA ■ Conventional HFA Preferred Risk Sharing' First -Time Homebuyer All borrowers must be first-time homebuyers and occupy the property as their principal residence. Eligible Use Purchase Eligible Occupancy Owner -occupied Minimum Credit Score/ 640 to 659 minimum / 45% maximum 664 or greater / 50% maximum Debt -to -Income Ratin (r)TI) HouseholdArea 1 -2 -Person or Larger 11 -County Metro $83,900 $96,185 Income Limits Rochester MSA $81,340 $93,495 Balance of State $73,900 $84,985 Amortization 15- or 30 -year terms Acquisition Cost Limit •11 -County Metro - $298,125 • Oaiance of State - $7-37,031 4ownpayment and Closing ■Deferred Payment Loan •Monthly Payment Loan Cost Loans • HOME HELP Loan Community Seconds' ■ 1 to 2 -unit dwellings Eligible Property Types • Condos and townhomes ■ Defer to product guidelines for condo, PUD and manufactured home requirements Homebuyer Education Required of at least one borrower on conventional loans and/or borrowers receiving a Minnesota Housing downpayment and closing cost loan Minimum Borrower • Defer to underlying product guidelines Contribution • Lesser of $1,000 or 1% of the purchase price if receiving a Minnesota Housing downpayment and closing cost loan Minimum or Maximum Defer to underlying product guidelines Reserves Interested Party Deferto underlying product guidelines Contributions Maximum LTV/CLTV Deferto underlying product guidelines Minnesota Housing 1 400 Sibley Street, Suite 300 I Saint Paul, MN 55101-1998 1800,710,8871 1 651.296.8215 1 mnhousing.gov 2012,11.28 as a■ Minnesota Housing Finance Agency Term Sheet Step Up is Minnesota Housing's statewide mortgage program for homeowners who seek to refinance their current home or buy a new one. The purchase and refinance programs are available through Agency -approved lenders. This term sheet is a summary of program requirements and does not contain all the information needed to originate Minnesota Housing loans. Lenders should refer to Minnesota Housing's Step Up Program Procedural Manual and the underlying product descriptions for complete information. PARAMETERS REQUIREMENTS FHA Streamlined Refinance ■ FHA Eligible Products • VA FHA 203(k) Streamlined ■ RD • Conventional HFA PreferredTM • Conventional HFA Preferred Risk Sharing'' Eligible Use Purchase, refinance Eligible Occupancy Owner -occupied Minimum Credit Score/ £40 to 659 minimum 45% maximum 660 or greater / 50% maximum Debt -to -Income Ratio (DTI) Area 1 -2 -Person Household 3 -Person Household or Larger 111 -Country Metro $83,900 $96,485 Income Limits Rochester MSA $81,300 $93,495 Balance of State $73,900 $84,985 Loan or Purchase Price Limit •11 -County Metro - $298,125 • Batance of State -$237,031 Amortization 15- or 30 -year terms Interest Rate Current rate available at www.mnhousing.gov Downpayment and Closing • Monthly Payment Loan Cost Loans ■ Community Seconds® • 1- to 2 -unit dwellings Eligible Property Types • Condos and townhomes • Defer to product guidelines for condo, PLJD and manufactured home requirements Minimum Borrower Defer to prod u ct g u id el i nes Contribution Lesser of $1,000 or 1% of the purchase price if receiving Monthly Payment Loan Homebuyer Education Defer to underlying product guidelines Liens Defer to underlying product guidelines Mortgage Payment History Defer to underlying product guidelines Mortgage Insurance Defer to underlying product guidelines Minimum or Maximum Defer to underlying product guidelines Reserve Requirements Interested Party Contributions Defer to underlying product guidelines Manual Underwriting Defer to underlying product guidelines Maximum LTV/CLTV Defer to underlying product guidelines Minnesota Housing 14005ibley Street, Suite 300 1 Saint Paul, MN 55101-1998 1800.710.8871 1651.296.8215 1 rnnhousing.gov 2012.11.28 0 tt ;e Minnesota Housing Agencv Comparison Sheet Minnesota Housing offers three downpayment and closing cost loan options for eligible Start Up and Step Up borrowers. The downpayment and closing cost loans are available through Agency -approved lenders and ran only be used with a Minnesota Housing first mortgage program. This comparison sheet is a summary of program requirements and does not contain all the information needed to originate Minnesota Housing loans. Lenders should refer to Minnesota Housing`s Program Procedural Manuals and the underlying product descriptions for complete information. Phinesaa Hpusin 400 Sihf Streer,Suite 3oo saint Paul, f'4N 55101-1946 800,714.8873 651196.8215 mnhuu5in g l eY I ! g% (Cori rfnuedOil Back) 2073.O1.I9 p., MonthlyParameters Deferred Payment Loani Must be used with Start lip Must be used with Start Up Eligible first Mortgage Program Must be used with Start Up or Step Up Eligible Use of Funds Downpayment and closing costs Dow npayment and closing costs Down payment and closing costs Layered Subsidies Allowed Yes Yes Yes Eligible First Mortgage Products FHA, FHA 203(k) Streamlined, VA, RD, HFA FHA, FHA 203(k) Streamlined, VA, RD, HFA FHA, FHA 203 (k) Streamlined, VA, RD, HFA Prefer red' Preferredm", HFA Preferred Risk SharingT11 Preferred Geographic Area Statewide Statewide Statewide Acquisition Cost Limit Start Up limits Start Up limits HOME HELP limits Eligible Properties 1 -2 -unit residences, condo, townhome5 1 -2 -unit residences, condo, tawnhome5 1 -unit SF Residence, no condos/PUDs prior to 1978, no rentals within 3 months of purchase • Conventional, RD and VA borrowers use Step Hou ehold Size 1 2 3 4 Income LimitsHOME Up income limits HELP Income limits WVO 535,250 $40,300 245,300 $50,359 R66tE T2rMSA $34,150 539X50 $43,900 548.800 FHA borrowers use FHA income limits posted on Minnesota Housing's website Greater MN $31,050 535,500 $39,900 544.350 Minimurn Credit Score! • 640 minimum/4S%maximum ■ 640 minimum/45%maximum • 640 minimum/45%maximum Debt -to -Income Ratio JDTI} • 660 minimum/50%maximum - 660 minimum/50% maximum • 560 minimum/50% maximum Greater of $5,000 or 5% of purchase price plus U p to 39'0 of the pu inch ase p rice, or $3,000, $1,000 if bank mediated / foreclosed property Loan Amount Up to Sala of the purchase price, or $5,000 which- whichever is greater (rounded up to nearest S 1,000 for HH income less than 601/0 AM] ever is greater irounded up to nearest 5100) $100] $1,000 For HH income less than 50% AMI $1,000 for housing ratio greater than 25% Maximum $10,000 Phinesaa Hpusin 400 Sihf Streer,Suite 3oo saint Paul, f'4N 55101-1946 800,714.8873 651196.8215 mnhuu5in g l eY I ! g% (Cori rfnuedOil Back) 2073.O1.I9 p., Parameters • Deferred Payment Loan O% HOME HELP Loan mate Equal to the first mortgage rate 0% Loan Term 10 -year term Equal to first mortgage term Equal to first mortgage term Deferred loan 50% forgiven after 6 years of occupancy. Repayment Fully-amartized Ivan with monthly payments Deferred loan. Remaining balance repaid when the property is sold, title is transferred or ceases to be principle place of residence, Monthly Payment Required Yes No No Full repayment of the loan is required unless the Full repayment of the loan is required unless the Yes, unser limited circumstances. See HOME HELP Subordination borrowe, refinances with Step Up and submits a borrower refinances with Step Up and submits a manual. request for subordination. request for subordination. Minimum Borrower Contribution Lesser of $1,000 or 1%of purchase price lesser of 51,000 or I% of purchase price Lesser of $1,000 or 1% of purchase price Maximum Post Closing Liquid Reserves No limitation Lesser of 8 months PITI or $8,000 (whichever is Lesser of 8 months PITI or $8,000 (whichever is greater) greater) Minimum Post dosing Liquid Reserves Defer to underlying product guidelines Defer to underlying product guidehnes Greater of $500 or 2 months PITI (whichever is lower) first Time Homebuyer Yes with Start Up. No with 5tep Up. Yes Yes Homebuyer Education Required of at least one borrower if all borrowers are nrst-time homebuyers Required of at least one borrower Required of at least one borrower Seller Contributions Defer to underlying product guidelines Defer to underlying product guideltnes Defer to underlying product guidelines Maximum LTVICLTV Defer to underlying product guidelines Defer to underlying product guidef:nes Defer to underlying product guidelines 66w6oytoem 2,rld Ciosirg Cost L"n C6rr oritbn Chtirt I Page 2 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sale Data February 8, 2013 Published by: i1 1% Z% Minnesota X, Homeownership Center Minnesota Housing finance Agency FAM I LY HOUSING FUND Prepared by: HousingLink' 275 Market Street Suite 509 Minneapolis, MN 55405 Telephone: 612-522-2500 Facsimile: 612-521-1577 www.housinglink.org About the Minnesota Homeownership Center Recognized nationally as a model of home ownership and foreclosure prevention programming, the Minnesota Homeownership Center convenes a network of 50 community-based nonprofit, government and tribal organizations to deliver homeownership education and foreclosure prevention services to low- and moderate -income households throughout Minnesota. Learn more at www.hocmn.or. About Greater Minnesota Housing Fund The Greater Minnesota Housing Fund is a private, nonprofit organization whose mission is to strengthen families and communities in greater Minnesota through the creation and preservation of affordable housing. Learn more at www.gmhf.com. About Minnesota Housing Minnesota Housing finances and advances affordable housing opportunities for low- and moderate - income Minnesotans to enhance quality of life and foster strong communities. Learn more at www.mnhousing goov. About Family Housing Fund The Family Housing Fund is a nonprofit organization whose mission is to provide safe, affordable, sustainable homes to families and children in the Twin Cities metropolitan area through ongoing partnerships with the public and private sector. Learn more at www.fhfund.org. About HousingLink HousingLink is a primary distributor of affordable housing information to service agencies, housing providers, and policy workers in the Twin Cities metropolitan area and selected regions in Greater Minnesota. Learn more at www.housinglink.org. All rights reserved. © Copyright 2013. Table of Contents Minnesota Foreclosure Figures Figure 1: Eight -Year History of Minnesota Foreclosures..................................................... Figure 2: Map of MN Foreclosures by County, 2012 ....................................................... Figure 3: Map of MN Foreclosure Rates by County, 2012 ................................................... Figure 4: MN County Foreclosure Counts, 2011-2012 (sorted by county) ................................ Figure 5: MN County Foreclosure Counts, 2011-2012 (sorted by 2012 total) ............................ Figure 6: MN County Foreclosure Rates, 2011-2012 (sorted by county) .................................. 8 Figure 7: MN County Foreclosure Rates, 2011-2012 (sorted by 2012 rate) ............................... 10 Study Purpose and Objectives................................................................................. 12 Methodology....................................................................................................... 12 Overview of the foreclosure process.............................................................................. 13 SheriffsSale Records............................................................................................. 14 DataCollection................................................................................................... 14 Foreclosure Rate Metric.......................................................................................... 14 Eight -Year History of Minnesota Foreclosures There were 17,895 foreclosures in Minnesota in 2012, which is down 16% from 2011 and the lowest statewide total in since 2006. However, the total number of foreclosures remains elevated, still nearly three times the number of annual foreclosures in 2005, the first year these numbers were compiled. Figure 1 30,000 25,000 20,000 15,000 10,000 5,000 0 2005 2006 2007 2008 2009 2010 2011 2012 The following pages include additional figures and appendices detailing foreclosures in Minnesota. They include: 2012 Foreclosure Counts A map of Minnesota representing total foreclosures by p.2 Map county in 2012. 2012 Foreclosure Rates A map of Minnesota representing foreclosure rate (in p.3 Map percent) by county in 2012. 2011— 2012 Foreclosure Tables detailing foreclosure counts from 2011 and four p.4-7 Counts Data quarters of 2012, sorted by county and 2012 total. 2011— 2012 Foreclosure Tables detailing foreclosure rates from 2011 and four p 8-11 Rates Data quarters of 2012, sorted by county and 2012 rate. More Minnesota foreclosure information and historical data can be found online at www.hocmn.org or www.housinglink.org 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 1 Minnesota Homeownership Center (651) 659-9336 Minnesota Foreclosures in 2012 by County Actual number�of foreclosures is indicated along with each county name Kittson Roseau Lake fthe oods 1 27 3 Marshall 10 Koochiching 23 Pennington 13 Beltrami Red Lake 76 _ Polk 1 29 15 Itasca Norman ahnome 115 14 12 Hubbard Cass 53 99 Clay Becker 69 , 52 34 Wilkin Otter Tail 3 120 r Aitkin 74 Crow Wing 1 281 St. Louis 483 Carlton 104 Todd —"jl Pine 152 Grant Douglas 79 Morrison g 93 Mile L Kana c 18 109 163 9 avers 5 Benton Stevens Pope 94 Isanti Big Ston 12 24 19 Ch313go 7 Swift 23 andiyoh Meeker c qui Pa Chippewa 82 82 8 26 Washington McLeod Carver 903 Yellow Medicine Renville 135 284 8 17 ' Sibley , 58 Lincoln Lyon Redwood Goo 2 37 33 Nicollet Sueu dhue 0 25 50 100 Miles Brown 49 98 138 Wabasha I i i i I i i i I 37 58 ipelstton Murray Cottonwood atonwan Blue Earth asec Steele Dodge Winona 7 74 17 126 57 119 54 100 N Rock Nobles Jackson Martin Faribault Freeborn Mower Fillmore Houston 19 27 18 42 46 137 114 51 35 W E s 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sale Data Funded by: MN Homeownership Center, Greater MN Housing Fund, Family Housing Fund, & MN Housing Data Source: County reported sheriff's sales H o U S i n g Li n k 0 - Lake 42 Cook 12 Figure 2 Page 2 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 Minnesota Foreclosure Rates in 2012 by County Actual number�of foreclosures is indicated along with each county name Kittson Roseau 1 Lake fthe oods 27 3 Marshall 10 Koochiching 23 Pennington 13 Red Lake Polk 1 29 l C earwater St. Louis 15 Itasca 483 Norman115 Mahnomen 14 12 ' Hubbard Cass 53 99 Clay Becker 69 52 Wadena Aitkin Carlton 34 74 104 Wilkin Otter Tail 3 120 Grant Douglas 18 109 Stevens Pope 12 1 24 Swift 23 Kandiyohi Meeker qui Parle Chippewa 82 82 8 26 Yellow Medicine Renville 8 N17 icoln Lvon 0-A-,.. A 7 Cook 12 Lake 42 Figure 3 Foreclosure Rates 0% - 0.25% (n=11) 0.26% - 0.5% (n=24) 0.51% - 0.75% (n=18) - 0.76% - 1.0% (n=17) - 1.01% - 1.5% (n=12) - 1.51% - 2.0% (n=4) - >2.0% (n=1) Nicollet Le Sueur. Goodhue 0 25 50 100 Miles 49 98 W 138 Wabasha I i i i I i i 1 1 58 �BlueVEarth Waseca Steele Dodge Olmsted Winona 126 57 119 54 335 100 N KNobles Jackson Martin Faribault Mower Fillmore Houston w27 18 42 46 114 51 35 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sale Data Funded by: MN Homeownership Center, Greater MN Housing Fund, Family Housing Fund, & MN Housing Foreclosure Rate = Number of foreclosed mortgages as a percent of total residential parcels Data Source: County reported sheriff's sales and 2011 parcel counts from the HousingLink MN Department of Revenue Page 3 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 5, 2013) Minnesota Homeownership Center (651) 659-9336 Figure 4: MN County Foreclosure Counts, 2011-2012 (sorted by county) 2011 TOTAL Twin Cities Metro" 13,181 Greater Minnesota" 8,117 Minnesota" 21,298 Aitkin 71 Anoka 2,015 Becker 75 Beltrami 63 Benton 128 Big Stone 10 Blue Earth 174 Brown 67 Carlton 116 Carver 331 Cass 123 Chippewa 28 Chisa o 366 Clay 85 Clearwater 12 Cook 4 Cottonwood 20 Crow Wing 358 Dakota 1,985 Dodge 77 Douglas 126 Faribault 32 Fillmore 42 Freeborn 129 Goodhue 170 Grant 15 Hennepin 4,953 Houston 23 Hubbard 74 Isanti 317 Itasca 121 Jackson 11 Kanabec 113 Kandi ohi 98 Kittson 1 Koochiching 22 Lac qui Parle 12 Lake 27 Lake of the Woods 9 Le Sueur 129 Lincoln 9 Lyon 40 Mahnomen 8 Marshall 13 Martin 43 McLeod 178 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2012 TOTAL 2,874 2,931 2,615 2,266 10,686 1,900 1,860 1,835 1,614 7,209 4,774 4,791 4,450 3,880 17,895 20 19 17 18 74 436 417 404 331 1,588 15 15 15 7 52 22 13 20 21 76 20 28 24 22 94 0 1 3 3 7 38 41 24 23 126 9 13 11 4 37 20 34 26 24 104 58 86 70 70 284 31 30 24 14 99 7 10 5 4 26 71 82 74 86 313 17 22 21 9 69 3 4 5 3 15 0 3 5 4 12 4 3 1 6 14 76 66 74 65 281 417 413 358 337 1,525 13 17 9 15 54 24 33 38 14 109 12 10 14 10 46 12 19 8 12 51 31 34 35 37 137 39 36 36 27 138 2 5 7 4 18 1,087 1,167 1,025 851 4,130 14 5 9 7 35 14 17 8 14 53 95 70 79 75 319 29 27 31 28 115 7 4 4 3 18 23 26 24 25 98 27 13 18 24 82 0 0 1 0 1 4 9 2 8 23 1 4 2 1 8 8 5 13 16 42 1 1 1 0 3 29 26 23 20 98 0 0 1 1 2 7 10 9 11 37 4 3 3 2 12 4 1 2 3 10 10 13 12 7 42 33 36 38 28 135 2011-2012 Change -19% -11% -16% 4% -21% -31% 21% -27% -30% -28% -45% -10% -14% -20% -7% -14% -19% 25% 200% -30% -22% -23% -30% -13% 44% 21% 6% -19% 20% -17% 52% -28% 1% -5% 64% -13% -16% 0% 5% -33% 56% -67% -24% -78% -8% 50% -23% -2% -24% Page 4 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 2011 TOTAL Meeker 94 Mille Lacs 193 Morrison 109 Mower 155 Murray13 82 Nicollet 59 Nobles 29 Norman 7 Olmsted 356 Otter Tail 146 Pennington 13 Pine 174 Pi estone 14 Polk 34 Poe 29 Ramsey* 2,078 Red Lake 2 Redwood 17 Renville 22 Rice 268 Rock 13 Roseau 32 Saint Louis 516 Scott 744 Sherburne* 613 Sibley 57 Stearns 340 Steele 141 Stevens 3 Swift 17 Todd 77 Traverse 6 Wabasha 58 Wadena 45 Waseca 50 Washington 1,075 Watonwan 24 Wilkin 6 Winona 83 Wright 747 Yellow Medicine 16 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2012 TOTAL 17 26 21 18 82 40 51 40 32 163 28 16 23 26 93 35 28 26 25 114 1 2 1 3 7 15 14 13 7 49 5 7 8 7 27 2 6 3 3 14 94 95 95 51 335 32 30 34 24 120 1 2 5 5 13 24 47 34 47 152 6 7 5 0 18 7 5 10 7 29 3 5 10 6 24 452 449 394 360 1,655 0 1 0 0 1 8 11 6 8 33 6 2 4 5 17 62 72 61 56 251 4 5 6 4 19 3 6 9 9 27 142 101 124 116 483 174 152 146 129 601 154 140 130 102 526 12 19 13 14 58 97 85 90 74 346 26 40 29 24 119 3 2 3 4 12 5 10 3 5 23 31 14 18 16 79 4 0 1 0 5 12 15 22 9 58 5 8 11 10 34 15 16 11 15 57 250 247 218 188 903 6 3 6 2 17 2 1 0 0 3 30 18 21 31 100 164 141 161 142 608 3 1 2 2 8 2011-2012 Change -13% -16% -15% -26% -46% -17% -7% 100% -6% -18% 0% -13% 29% -15% -17% -20% -50% 94% -23% -6% 46% -16% -6% -19% -14% 2% 2% -16% 300% 35% 3% -17% 0% -24% 14% -16% -29% -50% 20% -19% -50% * Reflects different 2012 Q1 and 2012 Q2 totals from the August 9> 2012 release of "Foreclosures in Minnesota" due to amended reporting from Ramsey and Sherburne Counties. 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 5 Minnesota Homeownership Center (651) 659-9336 Figure 5: MN County Foreclosure Counts, 2011-2012 (sorted by 2012 total) 2011 TOTAL Twin Cities Metro" 13,181 Greater Minnesota" 8,117 Minnesota" 21,298 Hennepin 4,953 Ramsey* 2,078 Anoka 2,015 Dakota 1,985 Washington 1,075 Wright 747 Scott 744 Sherburne' 613 Saint Louis 516 Stearns 340 Olmsted 356 Isanti 317 Chisa o 366 Carver 331 Crow Wing 358 Rice 268 Mille Lacs 193 Pine 174 Goodhue 170 Freeborn 129 McLeod 178 Blue Earth 174 Otter Tail 146 Steele 141 Itasca 121 Mower 155 Douglas 126 Carlton 116 Winona 83 Cass 123 Kanabec 113 Le Sueur 129 Benton 128 Morrison 109 Kandi ohi 98 Meeker 94 Todd 77 Beltrami 63 Aitkin 71 Clay 85 Sibley 57 Wabasha 58 Waseca 50 Dodge 77 Hubbard 74 Becker 75 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2012 TOTAL 2,874 2,931 2,615 2,266 10,686 1,900 1,860 1,835 1,614 7,209 4,774 4,791 4,450 3,880 17,895 1,087 1,167 1,025 851 4,130 452 449 394 360 1,655 436 417 404 331 1,588 417 413 358 337 1,525 250 247 218 188 903 164 141 161 142 608 174 152 146 129 601 154 140 130 102 526 142 101 124 116 483 97 85 90 74 346 94 95 95 51 335 95 70 79 75 319 71 82 74 86 313 58 86 70 70 284 76 66 74 65 281 62 72 61 56 251 40 51 40 32 163 24 47 34 47 152 39 36 36 27 138 31 34 35 37 137 33 36 38 28 135 38 41 24 23 126 32 30 34 24 120 26 40 29 24 119 29 27 31 28 115 35 28 26 25 114 24 33 38 14 109 20 34 26 24 104 30 18 21 31 100 31 30 24 14 99 23 26 24 25 98 29 26 23 20 98 20 28 24 22 94 28 16 23 26 93 27 13 18 24 82 17 26 21 18 82 31 14 18 16 79 22 13 20 21 76 20 19 17 18 74 17 22 21 9 69 12 19 13 14 58 12 15 22 9 58 15 16 11 15 57 13 17 9 15 54 14 17 8 14 53 15 15 15 7 52 2011-2012 Change -19% -11% -16% -17% -20% -21% -23% -16% -19% -19% -14% -6% 2% -6% 1% -14% -14% -22% -6% -16% -13% -19% 6% -24% -28% -18% -16% -5% -26% -13% -10% 20% -20% -13% -24% -27% -15% -16% -13% 3% 21% 4% -19% 2% 0% 14% -30% -28% -31% Page 6 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 2011 TOTAL Fillmore 42 Nicollet 59 Faribault 32 Lake 27 Martin 43 Brown 67 Lyon 40 Houston 23 Wadena 45 Redwood 17 Polk 34 Nobles 29 Roseau 32 Chippewa 28 Poe 29 Koochiching 22 Swift 17 Rock 13 Grant 15 Jackson 11 Pi estone 14 Renville 22 Watonwan 24 Clearwater 12 Cottonwood 20 Norman 7 Pennington 13 Cook 4 Mahnomen 8 Stevens 3 Marshall 13 Lac qui Parle 12 Yellow Medicine 16 Big Stone 10 Murray 13 Traverse 6 Lake of the Woods 9 Wilkin 6 Lincoln 9 Kittson 1 Red Lake 2 2012 Q1 2012 Q2 2012 Q3 2012 Q4 2012 TOTAL 12 19 8 12 51 15 14 13 7 49 12 10 14 10 46 8 5 13 16 42 10 13 12 7 42 9 13 11 4 37 7 10 9 11 37 14 5 9 7 35 5 8 11 10 34 8 11 6 8 33 7 5 10 7 29 5 7 8 7 27 3 6 9 9 27 7 10 5 4 26 3 5 10 6 24 4 9 2 8 23 5 10 3 5 23 4 5 6 4 19 2 5 7 4 18 7 4 4 3 18 6 7 5 0 18 6 2 4 5 17 6 3 6 2 17 3 4 5 3 15 4 3 1 6 14 2 6 3 3 14 1 2 5 5 13 0 3 5 4 12 4 3 3 2 12 3 2 3 4 12 4 1 2 3 10 1 4 2 1 8 3 1 2 2 8 0 1 3 3 7 1 2 1 3 7 4 0 1 0 5 1 1 1 0 3 2 1 0 0 3 0 0 1 1 2 0 0 1 0 1 0 1 0 0 1 2011-2012 Change 21% -17% 44% 56% -2% -45% -8% 52% -24% 94% -15% -7% -16% -7% -17% 5% 35% 46% 20% 64% 29% -23% -29% 25% -30% 100% 0% 200% 50% 300% -23% -33% -50% -30% -46% -17% -67% -50% -78% 0% -50% * Reflects different 2012 Q1 and 2012 Q2 totals from the August 9> 2012 release of "Foreclosures in Minnesota" due to amended reporting from Ramsey and Sherburne Counties. 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 7 Minnesota Homeownership Center (651) 659-9336 Figure 6: MN County Foreclosure Rates, 2011-2012 (sorted by county) 2011 Rate" Twin Cities Metrot 1.43 Greater Minnesotat 0.91 Minnesotat 1.18 Aitkin 0.95 Anoka 1.86 Becker 0.61 Beltrami 0.50 Benton 1.12 Big Stone 0.37 Blue Earth 0.93 Brown 0.68 Carlton 0.94 Carver 1.11 Cass 1.07 Chippewa 0.56 Chisa o 2.00 Clay 0.47 Clearwater 0.35 Cook 0.20 Cottonwood 0.38 Crow Wing 1.44 Dakota 1.53 Dodge 1.11 Douglas 0.89 Faribault 0.48 Fillmore 0.48 Freeborn 1.02 Goodhue 1.01 Grant 0.53 Hennepin 1.30 Houston 0.31 Hubbard 0.90 Isanti 2.36 Itasca 0.68 Jackson 0.23 Kanabec 1.81 Kandi ohi 0.64 Kittson 0.04 Koochiching 0.39 Lac qui Parle 0.34 Lake 0.54 Lake of the Woods 0.50 Le Sueur 1.21 Lincoln 0.30 Lyon 0.46 Mahnomen 1.41 Marshall 0.45 Martin 0.26 McLeod 0.48 Meeker 1.05 Q1 2012 Rate Q2 2012 Rate Q3 2012 Rate Q4 2012 Rate 0.31 0.32 0.28 0.25 0.21 0.21 0.21 0.18 0.26 0.26 0.25 0.21 0.27 0.25 0.23 0.24 0.40 0.38 0.37 0.30 0.12 0.12 0.12 0.06 0.17 0.10 0.16 0.17 0.18 0.25 0.21 0.19 0.00 0.04 0.11 0.11 0.20 0.22 0.13 0.12 0.09 0.13 0.11 0.04 0.16 0.28 0.21 0.19 0.19 0.29 0.23 0.23 0.27 0.26 0.21 0.12 0.14 0.20 0.10 0.08 0.39 0.45 0.40 0.47 0.09 0.12 0.12 0.05 0.09 0.12 0.15 0.09 0.00 0.15 0.26 0.20 0.08 0.06 0.02 0.11 0.31 0.27 0.30 0.26 0.32 0.32 0.28 0.26 0.19 0.24 0.13 0.22 0.17 0.23 0.27 0.10 0.18 0.15 0.21 0.15 0.14 0.22 0.09 0.14 0.25 0.27 0.28 0.29 0.23 0.21 0.21 0.16 0.07 0.18 0.25 0.14 0.29 0.31 0.27 0.22 0.19 0.07 0.12 0.09 0.17 0.21 0.10 0.17 0.71 0.52 0.59 0.56 0.16 0.15 0.17 0.16 0.15 0.08 0.08 0.06 0.37 0.42 0.39 0.40 0.18 0.08 0.12 0.16 0.00 0.00 0.04 0.00 0.07 0.16 0.04 0.14 0.03 0.11 0.06 0.03 0.16 0.10 0.26 0.32 0.06 0.06 0.06 0.00 0.27 0.24 0.22 0.19 0.00 0.00 0.03 0.03 0.08 0.11 0.10 0.13 0.26 0.28 0.30 0.22 0.23 0.17 0.17 0.11 0.08 0.02 0.04 0.06 0.11 0.15 0.14 0.08 0.19 0.29 0.23 0.20 2012 Rate 1.16 0.81 0.99 0.99 1.46 0.42 0.60 0.83 0.26 0.68 0.37 0.84 0.95 0.86 0.52 1.71 0.38 0.44 0.61 0.26 1.13 1.18 0.78 0.77 0.70 0.58 1.08 0.82 0.64 1.08 0.46 0.64 2.37 0.65 0.38 1.57 0.53 0.04 0.41 0.23 0.84 0.17 0.92 0.07 0.42 1.07 0.68 0.20 0.47 0.92 Page 8 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 2011 Rate" Mille Lacs 2.11 Morrison 0.86 Mower 1.07 Murray0.31 0.35 Nicollet 0.59 Nobles 0.38 Norman 0.20 Olmsted 0.73 Otter Tail 0.60 Pennington 0.27 Pine 1.60 Pi estone 0.34 Polk 0.28 Poe 0.58 Ramseyt 1.43 Red Lake 0.11 Redwood 0.26 Renville 0.32 Rice 1.38 Rock 0.33 Roseau 0.54 Saint Louis 0.69 Scott 1.73 Sherburnet 2.15 Sibley 0.95 Stearns 0.75 Steele 1.13 Stevens 0.08 Swift 0.38 Todd 0.78 Traverse 0.31 Wabasha 0.68 Wadena 0.84 Waseca 0.73 Washington 1.32 Watonwan 0.55 Wilkin 0.21 Winona 0.52 Wright 1.79 Yellow Medicine 0.35 Q1 2012 Rate Q2 2012 Rate Q3 2012 Rate Q4 2012 Rate 0.44 0.56 0.44 0.35 0.22 0.13 0.18 0.21 0.24 0.19 0.18 0.17 0.02 1 0.05 0.02 0.07 0.15 0.14 0.13 0.07 0.07 0.09 0.10 0.09 0.06 0.17 0.09 0.09 0.19 0.19 0.19 0.10 0.13 0.12 0.14 0.10 0.02 0.04 0.10 0.10 0.22 0.43 0.31 0.43 0.14 0.17 0.12 0.00 0.06 0.04 0.08 0.06 0.06 0.10 0.20 0.12 0.31 0.31 0.27 0.25 0.00 0.06 0.00 0.00 0.12 0.17 0.09 0.12 0.09 0.03 0.06 0.07 0.32 0.37 0.31 0.29 0.10 0.13 0.15 0.10 0.05 0.10 0.15 0.15 0.19 0.14 0.17 0.16 0.41 0.35 0.34 0.30 0.54 0.49 0.46 0.36 0.20 0.32 0.22 0.23 0.21 0.19 0.20 0.16 0.21 0.32 0.23 0.19 0.08 0.05 0.08 0.11 0.11 0.22 0.07 0.11 0.32 0.14 0.18 0.16 0.20 0.00 0.05 0.00 0.14 0.18 0.26 0.11 0.09 0.15 0.21 0.19 0.22 0.23 0.16 0.22 0.31 0.30 0.27 0.23 0.14 0.07 0.14 0.05 0.07 0.03 0.00 0.00 0.19 0.11 0.13 0.19 0.39 0.34 0.39 0.34 0.07 0.02 0.04 0.04 2012 Rate 1.79 0.73 0.78 0.17 0.49 0.35 0.41 0.68 0.49 0.27 1.39 0.43 0.24 0.48 1.14 0.06 0.50 0.25 1.30 0.48 0.45 0.65 1.40 1.84 0.97 0.76 0.95 0.32 0.51 0.80 0.26 0.68 0.63 0.83 1.11 0.39 0.10 0.63 1.46 0.17 . 2011 foreclosure rates are calculated using 2011 parcel data, which was not available in the creation of our February 2012 release of "Foreclosures in Minnesota." As a result, there may be some small differences in rate by county and region. t Reflects different 2012 Ql and 2012 Q2 totals from the August 9, 2012 release of "Foreclosures in Minnesota" due to amended reporting from Ramsey and Sherburne Counties. 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 9 Minnesota Homeownership Center (651) 659-9336 Figure 7: MN County Foreclosure Rates, 2011-2012 (sorted by 2012 rate) 2011 Rate* Twin Cities Metrot 1.43 Greater Minnesotat 0.91 Minnesotat 1.18 Isanti 2.36 Sherburnet 2.15 Mille Lacs 2.11 Chisa o 2.00 Kanabec 1.81 Anoka 1.86 Wright 1.79 Scott 1.73 Pine 1.60 Rice 1.38 Dakota 1.53 Ramseyt 1.43 Crow Wing 1.44 Washington 1.32 Hennepin 1.30 Freeborn 1.02 Mahnomen 1.41 Aitkin 0.95 Sibley 0.95 Steele 1.13 Carver 1.11 Le Sueur 1.21 Meeker 1.05 Cass 1.07 Carlton 0.94 Lake 0.54 Waseca 0.73 Benton 1.12 Goodhue 1.01 Todd 0.78 Mower 1.07 Dodge 1.11 Douglas 0.89 Stearns 0.75 Morrison 0.86 Faribault 0.48 Olmsted 0.73 Marshall 0.45 Wabasha 0.68 Blue Earth 0.93 Saint Louis 0.69 Itasca 0.68 Hubbard 0.90 Grant 0.53 Wadena 0.84 Q1 2012 Q2 2012 Q3 2012 Q4 2012 Rate Rate Rate Rate 0.31 0.32 0.28 0.25 0.21 0.21 0.21 0.18 0.26 0.26 0.25 0.21 0.71 0.52 0.59 0.56 0.54 0.49 0.46 0.36 0.44 0.56 0.44 0.35 0.39 0.45 0.40 0.47 0.37 0.42 0.39 0.40 0.40 0.38 0.37 0.30 0.39 0.34 0.39 0.34 0.41 0.35 0.34 0.30 0.22 0.43 0.31 0.43 0.32 0.37 0.31 0.29 0.32 0.32 0.28 0.26 0.31 0.31 0.27 0.25 0.31 0.27 0.30 0.26 0.31 0.30 0.27 0.23 0.29 0.31 0.27 0.22 0.25 0.27 0.28 0.29 0.26 0.28 0.30 0.22 0.27 0.25 0.23 0.24 0.20 0.32 0.22 0.23 0.21 0.32 0.23 0.19 0.19 0.29 0.23 0.23 0.27 0.24 0.22 0.19 0.19 0.29 0.23 0.20 0.27 0.26 0.21 0.12 0.16 0.28 0.21 0.19 0.16 0.10 0.26 0.32 0.22 0.23 0.16 0.22 0.18 0.25 0.21 0.19 0.23 0.21 0.21 0.16 0.32 0.14 0.18 0.16 0.24 0.19 0.18 0.17 0.19 0.24 0.13 0.22 0.17 0.23 0.27 0.10 0.21 0.19 0.20 0.16 0.22 0.13 0.18 0.21 0.18 0.15 0.21 0.15 0.19 0.19 0.19 0.10 0.23 0.17 0.17 0.11 0.14 0.18 0.26 0.11 0.20 0.22 0.13 0.12 0.19 0.14 0.17 0.16 0.16 0.15 0.17 0.16 0.17 0.21 0.10 0.17 0:07 0.18 0.25 0.14 0.09 1 0.15 0.21 0.19 2012 Rate 1.16 0.81 0.99 2.37 1.84 1.79 1.71 1.57 1.46 1.46 1.40 1.39 1.30 1.18 1.14 1.13 1.11 1.08 1.08 1.07 0.99 0.97 0.95 0.95 0.92 0.92 0.86 0.84 0.84 0.83 0.83 0.82 0.80 0.78 0.78 0.77 0.76 0.73 0.70 0.68 0.68 0.68 0.68 0.65 0.65 0.64 0.64 0.63 Page 10 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 2011 Rate" Winona 0.52 Cook 0.20 Beltrami 0.50 Fillmore 0.48 Kandi ohi 0.64 Chippewa 0.56 Swift 0.38 Redwood 0.26 Otter Tail 0.60 Nicollet 0.59 Poe 0.58 Rock 0.33 McLeod 0.48 Houston 0.31 Roseau 0.54 Clearwater 0.35 Pi estone 0.34 Lyon 0.46 Becker 0.61 Norman 0.20 Koochiching 0.39 Watonwan 0.55 Clay 0.47 Jackson 0.23 Brown 0.68 Nobles 0.38 Stevens 0.08 Pennington 0.27 Cottonwood 0.38 Big Stone 0.37 Traverse 0.31 Renville 0.32 Polk 0.28 Lac qui Parle 0.34 Martin 0.26 Yellow Medicine 0.35 Lake of the Woods 0.50 Murray 0.31 Wilkin 0.21 Lincoln 0.30 Red Lake 0.11 Kittson 0.04 Q1 2012 Rate Q2 2012 Rate Q3 2012 Rate Q4 2012 Rate 0.19 0.11 0.13 0.19 0.00 0.15 0.26 0.20 0.17 0.10 0.16 0.17 0.14 0.22 0.09 0.14 0.18 0.08 0.12 0.16 0.14 0.20 0.10 0.08 0.11 0.22 0.07 0.11 0.12 0.17 0.09 0.12 0.13 0.12 0.14 0.10 0.15 0.14 0.13 0.07 0.06 0.10 0.20 0.12 0.10 0.13 0.15 0.10 0.11 0.15 0.14 0.08 0.19 0.07 0.12 0.09 0.05 0.10 0.15 0.15 0.09 0.12 0.15 0.09 0.14 0.17 0.12 0.00 0.08 0.11 0.10 0.13 0.12 0.12 0.12 0.06 0.06 0.17 0.09 0.09 0.07 0.16 0.04 0.14 0.14 0.07 0.14 0.05 0.09 0.12 0.12 0.05 0.15 0.08 0.08 0.06 0.09 0.13 0.11 0.04 0.07 0.09 0.10 0.09 0.08 0.05 0.08 0.11 0.02 0.04 0.10 0.10 0.08 0.06 0.02 0.11 0.00 0.04 0.11 0.11 0.20 0.00 0.05 0.00 0.09 0.03 0.06 0.07 0.06 0.04 0.08 0.06 0.03 0.11 0.06 0.03 0.08 0.02 0.04 0.06 0.07 0.02 0.04 0.04 0.06 0.06 0.06 0.00 0.02 0.05 0.02 0.07 0.07 0.03 0.00 0.00 0.00 0.00 0.03 0.03 0.00 0.06 0.00 0.00 0.00 0.00 0.04 0.00 2012 Rate 0.63 0.61 0.60 0.58 0.53 0.52 0.51 0.50 0.49 0.49 0.48 0.48 0.47 0.46 0.45 0.44 0.43 0.42 0.42 0.41 0.41 0.39 0.38 0.38 0.37 0.35 0.32 0.27 0.26 0.26 0.26 0.25 0.24 0.23 0.20 0.17 0.17 0.17 0.10 0.07 0.06 0.04 . 2011 foreclosure rates are calculated using 2011 parcel data, which was not available in the creation of our February 2012 release of" Foreclosures in Minnesota." As a result, there may be some small differences in rate by county and region. t Reflects different 2012 Ql and 2012 Q2 totals from the August 9, 2012 release of "Foreclosures in Minnesota" due to amended reporting from Ramsey and Sherburne Counties. 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 11 Minnesota Homeownership Center (651) 659-9336 Study Purpose and Objectives This report was commissioned by the Minnesota Homeownership Center. It provides policymakers and other community leaders with updated Minnesota foreclosure data as they design solutions to address foreclosures and their impact on Minnesota communities. This report is part of the Foreclosures in Minnesota: A Report Based on County Sheriff's Sale Data series, in which comparable reports have been released annually since 2007 and semi-annually since 2009. HousingLink was contracted to conduct the research and prepare the analysis in all reports. Key updated foreclosure data included in this report are as follows: Updated foreclosure counts for all Minnesota counties including the Twin Cites seven - county metro and Greater Minnesota to reflect actual foreclosures through all of 2012. • Updated foreclosure rates for all Minnesota counties in 2012.1 The calculation of foreclosure rates makes it possible to compare the relative impact of foreclosure on areas with different population sizes. This report does not include a foreclosure projection. Reports issued prior to 2009 included a foreclosure projection. These projections were based solely on recent foreclosure trends with the assumption that the same patterns would continue into the upcoming year. Due to continuing uncertainty about future economic conditions, this report does not include a projection. Some factors that may contribute to foreclosures include but are not limited to: unstable economic conditions; unemployment rates; falling housing prices; rising numbers of mortgage delinquencies; and resetting or recasting adjustable rate mortgages. Conversely, more active intervention and loss mitigation activities on the part of counselors and lenders help to reduce the number of foreclosures. Methodology To help understand the methods used in this report, it is important to outline Minnesota's foreclosure timeline. Data is collected throughout the process, much of which is useful for analyzing the characteristics of those mortgages and properties that have defaulted. ' Releases of Foreclosures in Minnesota: A Report Based on County Sheriff's Sale Data prior to August 2009 release used household estimates to calculate the foreclosure rate. As of the August 2009 report, residential parcels have been used to calculate foreclosure rate. See Foreclosure Rate Metric for more information. Page 12 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 Overview of the Foreclosure Process There are two types of foreclosure processes in Minnesota: 1) judicial Foreclosure, which is conducted like any other form of civil lawsuit. 2) Foreclosure by Advertisement, which is a type of non -judicial foreclosure. Since the large majority of Minnesota foreclosures occur by advertisement, that process is described in detail below. Foreclosure by Advertisement: Foreclosures in Minnesota take place at the county level and are regulated, for the most part, by state legislation. The foreclosure process can start as early as 30 days after a borrower first misses a mortgage payment. Once the mortgage is in delinquency, the lender empowers an attorney who files notice of pendency against the occupant, starting the foreclosure process. Sample Foreclosure by Advertisement Action Timeline on a Mortgage Powe r of Attorn ey; Notice of Pendency 30 days after default Sheriff's Sale W W T T Foreclosure notice Foreclosure notice served on occupant published in paper 4 weeks before sale 6 weeks before sale App roximate total duration from initial def auIt: 290 days IE 90 This chart based on information developed by Michael Grover of the Federal Reserve Bank of Min neapolisand further refined byHousingLink Shortly thereafter, the attorney publishes a foreclosure sale notice in a local newspaper (at least six weeks before the date of the sheriffs sale) and the county sheriff serves the filing to the occupant. At any point before the sheriffs sale, the property owner can reinstate the mortgage by paying all dues, fees and expenses.I ' As of June 15, 2009, MN State Law allows homeowners to delay their foreclosure sale. The homeowner must file for postponement between the first publication of the sheriffs sale and 15 days prior to the sale. This reduces the redemption period. See www.hocmn.org for details. 2012 Foreclosures in Minnesota: A Report Based on County Sheriff's Sales Data (February 8, 2013) Page 13 Minnesota Homeownership Center (651) 659-9336 After the notice has been published and served, the sheriffs sale occurs and the sheriff auctions the property off to the highest bidder, resulting in foreclosure of the mortgage. Following the sale is a redemption period of up to six months', during which the borrower can redeem the property by paying the amount of sale plus interest, taxes, fees, or liens on the property. Borrowers who do not redeem the property by the expiration of the redemption period lose title and right of occupancy in the property. Sheriff's Sale Records Sheriffs sale records are the primary data that identify foreclosed properties and are identified as "foreclosures" within this report. However, it is helpful to understand the following: ■ Sheriffs sale records do not reflect the total number of properties that enter the foreclosure process. ■ Some portion of properties identified in sheriffs sale records do not result in actual loss of title and occupancy for borrowers because they are redeemed within the allowed timeframe. ■ A small percentage of sheriffs sale records do not relate to residential mortgages.' According to a previous study conducted by the Federal Reserve and Macalester College, less than 2 percent of Minneapolis -St. Paul properties sold at sheriffs sales are commercial. Also, HousingLink estimates approximately 2 percent of properties in its foreclosure database are the result of association liens. Taking into account these two figures, it is estimated that at least 95 percent of the foreclosures in this study represent residential properties. Data Collection To obtain the number of sheriffs sales in each county, HousingLink contacted all Minnesota counties. For the updates in this report, counties were asked to provide HousingLink with the total number of sheriffs sales that occurred in their jurisdiction through the end of the reporting period. Foreclosure Rate Metric The calculation of a foreclosure rate makes it possible to compare the relative impact of foreclosures on areas with different population sizes. The foreclosure rate used in this report identifies the number of sheriffs sales as a percent of total residential parcels. foreclosure rate (in percentage) = sheriff's sales in county / residential parcels in county3 ' Some exceptions apply. Z Residential mortgages include single-family and multi -family homes. 3 Residential parcel data is typically provided by the MN Department of Revenue on an annual basis. However, 2012 parcel data was not available at the time this report was prepared, and thus 2012 foreclosure rate calculations are based on 2011 parcel data. Page 14 2012 Foreclosures in Minnesota: A Report Based on County Sheriffs Sales Data (February 8, 2013) Minnesota Homeownership Center (651) 659-9336 2012 Hutchinson Mortgage Foreclosure Sales 4 SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 1/4/2012 626 Hassan Street SE Steven Barton Wells Fargo Bank NA $100,980 $105,045 $51,000.00 2 1/10/2012 405 Franklin Street SW Tiffany&Kevin Erickson&James&E Wells Fargo Bank NA $101,000.00 $103,291.89 $72,000.00 3 1/11/2012 655 5th Avenue SW Krista Yoch Wells Fargo Bank NA $125,759.00 $121,274.43 $80,750.00 4 1/18/2012 525 Minnesota Street NW Chad & Theresa Gasser I GMAC Mortgage LLC $128,500.00 $123,111.86 $130,078.73 5 2 on 0.00 103,552.00 6 1/31/2012 46 Glen Street NW Eric & Cynthia Ramsey Wells Fargo Bank N.A. $140,396.00 $168,882.96 $176,669.89 7 2 SEMichelle Langlinai k Mellon 8 12/1/2012 535 4th Avenue SE Gerald Paul Wells Fargo Bank N.A. 1$108,720.00 $110,951.22 1$118,223.52 9 3/7/2012 115 Linden Avenue SW Brent & Sandy Williamson Wells Fargo Bank N.A. $108,800.00 $105,394.03 $110,418.68 10 3/28/2012 607 2nd Avenue SW Brett Schewe Cornerstone Mortgage Company assigned t $132,000.00 $135,521.84 $78,235.00 11 12 13 3/29/2012 4/18/2012 5/2/2012 440 School Road NW ichael & Jeri Meyer Cherry Creek assigned to Aurora Bank 997 Hassan Street SE Charles & Lois Sanders GMAC Mortgage LLC 1056 Jorgenson Street Damian & Kristal Amberg Wells Fargo Bank NA $144,800.00 182,206.00 178,199.00 :$145,500.00 $151,978.59 $179,509.79 $185,274.51 $157,049.21 $114,569.00 � $110,500.00 14 5/3/2012 600 Dale Street SW Brandi Meta Wells Fargo Bank NA $144,080.80 $83,300.00 15 5/17/2012 965 Osgood Avenue SW Shon I dfai Cornerstone Mortgage Company assigned t $145,847.00 $151,095.96 $180,581.30 /23/2012 674 Harrington Street SW Becky Smith PHH Mortgage Corporation $132,250.00 $117,896.70 17 5/30/2012 626 Oak Street NE Bryan Schreppel Wells Fargo Bank NA assigned to US Banl $107,000.00 $112,218.37 $123,747.06 18 5/30/2012 616 Hassan Street SE Kelly Walker Wells Fargo Bank NA $115,260.00 $115,079.86 $64,600.00 19 5/30/2012 635 Brown Street SW Sean & Pamela Ziemer Cornerstone assigned to MHFA $122,448.00 $120,581.77 $74,800.00 20 6/14/2012 823 Lindy Lane NE Charles & Cheryl Boettcher Wells Fargo Bank N.A� $60,000.00 $65,059.59= $28,028.0 ervice An An P101 �10 An dAl �Q 22 7/5/2012 709 Madson Avenue SW Kenneth & Lisa Blumberg Chase Home Finance $141,075.00 $152,030.76 $166,341.40 24 7/10/2012 535 Hilltop Drive NE Alan Cook JPMorgan Chase Bank $103,000.00 $99,108.82 $108,672.24 26 7/18/2012 730 Hillcrest Roadc ar & Judie Elkin Wells Fargo Bank, NA 1077 Prairie View Dr. SW Dennis Johnson Wells Fargo Bank, NA 150,800.00 $103,200.00 $95,183.75 $100,000.00 $97,941.33 27 7/25/2012 harles & Mary Condo Wells Fargo Bank 1� 347 Shady Ridge RINE 142,650.00 $127,014.27 $88,130.00 28 8/7/2012 406 Merrill Street Slen & Rosemary Gera Wells Faro Bank N.A. � $138,411.00 $140,245.06 $148,612.24 29 8/14/2012 156 North High Drartin Gomez & Sabina Ampar Citizens Bank & Trust Co. �$109,500.00 $85,227.30 $85,227.30 30 8/15/2012 541 Brown Street Son Morawitz itiMortgage $140,950.00 $135,546.26 $139,898.60 31 8/22/2012 1036 Jorgenson Street SE Michael & Dawn Olson PHH Mortgage Corporation $169,555.00 $166,563.00 $138,944.50 32 9/6/2012 735 Franklin Street SW � Travis & Nora Roste US Bank Trust National Association � $101,250.00 $95,026.97 $97,793.82 33 9/25/2012 805 Franklin Street SW TOM= iriaman Wells Fargo Bank N $76,960.00 $79,046.23 $85,615.34 34 9/25/2012 1379 Jefferson Street SE Bryan Larson Wells Fargo Bank NA $99,960.00 $96,835.49 $55,250.00 0/11/2012 570 Glen Street SW Jesse Doherty Bank4fAmericaNA $146,200.00 $199,239.47 $225,570.82 36 10/11/2012 436 Monroe Street SE Tina Henderson & John Watson Bank of America NA $178,589.00 $190,213.86 $199,693.24 37 10/17/2012 114 Morningside Dr. NE Bernadette Fallon Wells Fargo Bank NA $120,870.00 $123,594, $82,784.6 38 11/29/2012 156 McLeod Avenue NE Perry J. Henke Bank of America NA 1$159,493.00 $162,366.46 $174,700.74 39 12/4/2012 1315 Charles Street SW Keith E. Brulla & Alfred Willi Citizens Bank & Trust Co. 1$115,120.00 $112,607.31 $113,423.35 12/12/2012 312 4th Stre sociation - W $119,700.00 $119,969.80 $128,843.01 Page 1 of 4 2012 Hutchinson Mortgage Foreclosure Sales k# 43 SS Date 12/12/2012 2/13/2012 12/13/2012 Address Mortgagor 1037 Blackbird Trail SW hMarvin Hogan 940 Jefferson Street SE Patricia Kobrin 117 6th Avenue NE Patrick & Sharon Hallaban Mortgagee Wells Fargo Bank, NA meriQuest Mortgage Company Wells Fargo Bank, NA Orig. Mortgage Claimed Amount Sold Amt $205,500.00 $123,574.24 $127,382.02 $157,410.00 196,458.34 $58,743.0 $162,364.00 $166,398.69 $168,967.54 44 * 45 * 12/13/2012 75 5th Avenue NE Lori A Lantto /13/2012 823 Itharles & C 12/20/2012_.L2 Lynn Road SW Laura A. Keith Additional Foreclosure 420 Wells Fargo Mortgagee on 6/14/2012 Bank of America NA Bank of America NA = MHFA $91,100.00 $61,000.00 $95,645.00 $97,979.68 cancel $105,532.51 $33,90 a 5o a e 5 39,097.55 $89,909.68 $46,665.00 Shut off: 4 Gas & Electric 19 Water 7 Both 2013 4 SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 1/9/2013 816 Lewis Avenue SW Jessab Pierce PHH Mortgage Corporation $73,768.00 $72,160.22 2 1/9/2013 5 Century Avenue SE Timothy & Jennifer Pohlman Wells Fargo Bank, NA $141,882.00 $130,998.86 3 1/15/2013 583 Grove Street SW Elizabeth Gilbertson Wells Fargo Bank, NA $111,746.00 $103,421.31 4 1/15/2013 724 5th Avenue SW Adam & Jamie Hartwig Wells Fargo Home Mortgage Inc. $128,418.00 $122,467.57 5 1/17/2013 11040 Elm Street NE Gene & Donetta Wilenius JPMorgan Chase Bank 1$200,510.00 $225,457.38 7 8 9 10 11 12 1/22/2013 1/24/2013 1/24/2013 1/30/2013 2/6/2013 2/6/2013 1171 Oakwood Ct NW Reza & Maria Moayeri The Bank of New York Mellon $205,000.00 1160 Fairway Avenue NW Lorraine B. Burch Cornerstone Mortgage assigned to Bank of $80,000.00 831 North Main Street Michael & Jennifer Maiers US Bank National Association $106,400.00 625 Main Street South Mandy Steffen & Phillip Riddell Federal National Mort e Association $125,000.00 416 Erie Street SE Jon & Kimberly Karg HSBC Bank USA 91 120.00 1405 Huron Street SE Craig & Jennifer Gill PHH Mortgage Corporation $144,000.00 $210,954.37 $89,785.39 $121,924.36 $121,715.60 $86,763.56 $152,680.60 13 14 1 16 2/8/2013 /27/2013 8/2013 3/14/2013 11033 Prairie View Dr. SW William Eustice 35 11th Avenue Nh on & Joni I haralcisen 1200 Lewis Avenue S ames D. Carlson 956 Osgood Avenue SW Jon & Lori Burks Wells Fargo Home Mortgage Inc. Mortgage investors Corporation BAC Homes Ing Wells Fargo Bank NA $85,000.00 P10,000.00 $185,250.00 $79,179.88 $181,451.96 17 4/2/2013 800 Ash Street NE Shirley & Marcus Jakes PHH Mortgage Corporation $110,347.00 $121,537.21 18 4/23/2013 185 Arch Street SE John Dietel Wells Fargo $163,968.00 $171,668.75 Shut off: 2 Gas & Electric 3 Water 2 Both Page 2 of 4 2012 Hutchinson Mortgage Foreclosure Sales Page 3 of 4 Cancelled in 2012: 4 SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 1/18/2012 316 Alan Street SW Ronald Waddell Cornerstone assigned to Federal National N $224,000.00 $224,350.70 2 2/14/2012 746 5th Avenue SW Ryan & Sara Messner Wells Fargo Bank N.A. $132,914.00 $128,735.98 3 3/7/2012 1313 Prairie View Dr. SW Bradley & Sheri Grejtak MERS assigned to US Bank NA $180,250.00 $181,714.08 4 3/14/2012 55 North High Drive NE Roger Fimon Wells Fargo Bank, NA $114,190.00 $115,713.16 5 3/21/2012 550 Hilltop Drive NE Brian & Rachel Gartner US Bank Trust National Association 1$122,320.00 $124,450.79 6 3/21/2012 765 7th Avenue NW Don Kenning Cornerstone Mortgage Company assigned t $166,000.00 $163,258.32 7 9 3/29/2012 /10/2012 4/11/2012 75 5th Avenue NE 488 Prospect Street NE 1040 Elm Street NE -mTGene Lori Lantto Jeffrey & Jennifer Gehrke & Donetta Wilenius Bank of America The Bank of New York Mellon JPMorgan Chase Bank $91,100.00 $200,510.00 $93,367.55 244,636.40 $212,403.27 10 4/18/2012 11 5/2/201 12 5/2/2012 165 10th Avenue NE 1 Maintreet N 347 Shady Ridge Rd Susan Daak ichael & Charles & Mary Condon Wells Fargo Bank NA MERS aid to US Bank Wells Fargo Bank NA $141,085.00 106,400.00 $142,650.00 $138 170.89 0,335. siii $127,014.27 14 6/12/2012 405 Huron Street SE Craig & Jennifer Gill er FCU As'd to PHH Mort $144,000.00 $138,416.36 15 6/14/2012 148 N. High Drive NE Mark & Jacqueline Field reek Mortgage assigned to MHFA $132,275.00 7Nationstar $116,901.18 16 6/28/2012 125 Glen Street SW Daniel Salas ide Home Loans $82,500.00 $89,829.95 17 19 7/2/2012 8/15/2012 1020 Roberts Road SW alifornia SLYMMW 1243 Adams Street SE Cory & Stacy Ruschmeyer Tauree Gregory Nadeau Mortgage LLC w Servicing LL US Bank Trust National Association $195,000.00 P 18 ,Tb0. $84,956.00 $220,464.08 220.88 $82,415.73 20 22 9/6/2012 10/25/2012 853 Texas Court NW 107 5th Avenue NE David & Kari Merkins ichaPl�k Robin & David McMurray JPMorgan Chase Bank HSBC Bank USA 1$213,216.00 $61,750.00 $210,798.02 $65,943.88 23 11/7/2012 405 Minnesota Street NW Terry & Emalee Zehnter Wells Fargo Bank NA $151,200.00 $149,268.48 24 11/15/2012 1566 9th Avenue SW Jason Kaczmarek JPMorgan Chase Bank $184,846.00 $184,453.73 25 11/29/2012 103 5th Avenue NE Herbert Heidecker & Bonnie Bai US Bank Trust National Association $166,500.00 $244,067.87 26 12/5/2012 910 Carolina Parkway NW Glen & Karena Rogers JPMorgan Chase Bank $160,204.00 $155,908.87 Shut off: 0 Gas & Electric 3 Water 2 Both Page 3 of 4 2012 Hutchinson Mortgage Foreclosure Sales Page 4 of 4 2011 Hutchinson Mortgage Foreclosure Sales with Util. Still Shut Offs 4SS Date Address Mortgagor Mortgagee Orig. Mortgage Claimed Amount Sold Amt 1 /19/2011 712 Lynn Road SW Johnny & Mary RiverF Cornerstone Mortgage Company assig'd to MI -IFA $90,557.00 $93,908.33 $99,217.71 2 8/11/2011 515 4th Avenue SW Sharon Johnston Cornerstone Mortgage assigned MHFA $75,000.00 $76,800.37 $46,750.00 3 9/13/2011 1086 Jorgenson Street SE Seyed Yarand JFK Financial Inc $144,500.00 $184,085.05 $189,958.09 4 9/21/2011 214 Dale Street SW Kelly & Tamara Cummings Wells Fargo Bank NA $145,050.00 $135,802.20 $105,756.00 5 10/4/2011 305 Charles Street SW Joseph G. Schulte MERS assigned to PNC Bank $165,800.00 $176,287.54 $139,000.00 6 10/5/2011 1113 Prairie View Dr. SW Yoon Hee Carswell Wells Fargo Bank NA $185,136.00 $189,015.44 $199,073.40 7 12/29/2011 550 Glen Street SW JL Diane Todnem Bank of America NA $127,300.00 $129,101.23 $133,673.00 2010 Hutchinson Mortgage Foreclosure Sales with Util. Still Shut Offs 4 SS Date 1 1/14/2010 2 3/2010 Address Mortgagor Mortgagee 870 Grove Street SW Rick Schmidt BAC Home Loans Servicing LP 1209 Lewis Avenue SW Steven & Cindy Wadsworth Wells Fargo Bank N.A. Orig. Mortgage $167,674.00 $675,000.00 Claimed Amountl $170,711.11 $680,065.83 Sold Amt $175,906.97 $705,464.66 2009 Hutchinson Mortgage Foreclosure Sales with Util. Still Shut Offs 1 12/17/2009 430 Kottke Court Rosemary Hagen Bank & ,519,952.87 $1,520,716.87 $1,697,815.75 Shut off: Gas & Electric Water Both Page 4 of 4