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www.AtlasFieldServices.com Atlas Field Services, Inc. is the only approach that offers experience, dedication, quality, and worry free asset management. Atlas is committed to providing excellent service at a competitive rate, and is proud to offer the highest quality of service in the most professional manner. Integrity, honesty, and quality are key components that are built into the company's culture. SERVICES OFFERED: reo services | property preservation | property inspection | re-key | trashout | sales clean | yard maintenance | reoccuring services | hand watering service | winterization | de-winterization | boarding | pool & spa maintenance | repairs & rehabilitation | hazardous material removal ATLAS FIELD SERVICES, INC. 6115 Main Ave, Ste 18 | Orangevale, CA 95662 Shelly West-Chenoweth, President swchenoweth@atlasfi eldservices.com 916-761-6304 cell | 916-988-7100 offi ce | 866-542-4624 fax NAMFS - REOMAC - NAWRB - BBB AMHERST VOICES CONCERNS OVER POTENTIAL HAMP 2.0 ABUSES criteria for investors to receive modifica- tions, several of which are under scrutiny by Amherst. Researchers for the government's Home Affordable Modifica- tion Program, in its newest form referred to as HAMP 2.0, at least one company is concerned the program adjustments leave the door open for possible abuses. Amherst Securities Group warned in a While many laud changes made to the no provisions about reporting on the inves- tor's actual efforts to rent or on the income collected. For example, an investor may try to get a recent "Mortgage Insight" report that eligibil- ity requirements under the expanded HAMP program have created loopholes. Specifically, the newest version of the program establishes 32 secondary mortgage market advisor point to a rule that requires investors to pledge they actually intend to rent the home; the requirement has an expansion of the rule requiring investors to submit a signed lease and third-party-verified evidence of occupancy. The Special Inspec- tor General for the Troubled Asset Relief Program (SIGTARP) issued a similar recom- mendation earlier this year. "We argue that an investment property To rectify the problem, Amherst calls for VALUE-ADDED SERVICES: licensed CA state contractor | epa rrp certifi ed certifi ed hazardous material removal | quality control on every property | 24/7 emergency services with no renter is far more akin to the case of an unemployed borrower; those persons gener- ally do not receive modifications—they receive pay relief until they get a job; once employed, they are eligible for a modification. As such, the SIGTARP recommendation brings treat- ment of the rental property under HAMP 2.0 in line with HAMP 1.0 treatment of unem- ployed borrowers," Amherst said in its report. "We had serious reservations when this loan modification on a vacation home by pledg- ing to list it as a rental for at least five years. Once the loan is obtained, the applicant can list the home for a grossly inflated rental price, resulting in no interested lessees. Because the investor is technically making an attempt to rent, the modification is considered legitimate. program was first announced," Amherst researchers said. "With the program now in effect, we are very concerned about potential abuse among borrowers with rental proper- ties. ... In particular, we believe the HAMP 2.0 program is structured such that borrowers owning rental property are incented to apply for modifications during periods when the property is not rented. We wholeheartedly support the SIGTARP recommendation to require a lease in place."