Approved Homebuyer Certificate                                                     December 21, 2005  

Congratulations!  You’ve been pre-approved* for a GMAC Mortgage home loan on the terms below provided that the following conditions are fully satisfied. Lender is aware that buyer is purchasing an REO property.  CBR has been reviewed.   

1. The subject property meets the normal and customary requirements of GMAC Mortgage’s policy for determining value, condition and title.

2. Your creditworthiness and financial position do not materially change prior to funding.

3. All required loan documents, including Internal Revenue Service Form 4506T, are signed.

4. All of Countrywide’s pre-closing and pre-funding conditions are satisfied.

5. An escrow account is established with Countrywide for payment of property taxes, hazard insurance and mortgage insurance, if applicable. 

                        Borrower(s)                             James Prater                    

                        Property Address:                    260 The Esplandae Way , Loganville , GA

                        Sales Price:                               $141,000

                        Interest Rate:                            6.125% (1^st)

                        Loan Type:                               Conventional 80/20 Reduce Doc

                        Occupancy Type:                     Primary Residence

                        Term:                                       30 Year  

                        Down Payment:                        $28,200 (2md)  

                        Branch#: 298 Duluth , GA

_________________________

Cathy McDaniel

Home Loan Consultant

(678) 957-7207 Atlanta , GA                            

Cell:  (404) 550-0775

This is not an offer to extend credit.  Until such time as you have made formal application with a proposed property and locked your loan, your interest rate may change.  This change may impact the loan’s terms detailed above and this approval.  If you do not find a home within 30 calendar days from the date of this letter, you may request to be reconsidered for another conditional approval.

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Disclosure

 Web Site Internet Warning:

 Despite advertising claims to the contrary, the internet is not an experienced Dancer, Real Estate or Mortgage Professional. It cannot consult, counsel, advise, have knowledge of local laws and market conditions, make judgments, "own" the result, or most importantly, understand your individual goals and needs or care about you as a Customer, Client or Dancer. To obtain an accurate interpretation of any information you're receiving online, please contact Cathy at 404-550-0775 or E-mail: mcm135@aol.com

Last modified: February 21, 2006