EX-99.2 3 exh_99-2.htm DISCLOSURES REQUIRED BY RULE 15GA-2 FOR LINEAR TITLE & CLOSING LTD.

Exhibit 99.2

 

 

 

 

 

Item #4 Form ABS Due Diligence 15E
It
em #5 Form ABS Due Diligence 15E

 

To Whom It May Concern:

 

Linear Title & Closing Ltd. ("Linear") was engaged by Bayview Fund Management LLC as diligence agent to provide title reports for a population of 76 mortgage loans. Linear, in order to provide said reports, completed a detailed land records search on each asset to obtain all of the following information as it pertains to the ownership & encumbrance of each residential asset pledged as security:

 

·Vesting Information
·Transfer/Conveyance Information
·Mortgage Information
·Judgment/Lien Information
·Additional Recorded Document Information
·Bankruptcy Information
·Legal Description

 

Provided with each title report was a summary of all aforementioned information, recorded copies of all pertinent documents, and an Excel data file with all property report data output information.

 

The assets reviewed in this population of 76 mortgage loans were all residential single-family & multi-family homes.

 

Linear completed a review of the 76 title reports to identify potential liens/judgments that may exists affecting each mortgage loans first lien status, as well as liens/judgments recorded post-origination. With respect to these 76 mortgage loans:

 

1.As set forth in the title reports, the subject mortgage is recorded in the appropriate recording jurisdiction.

 

2.As set forth in the title search reports, the subject mortgage is in 1st lien position, with the exception of:

 

a.4 mortgage loans for which potentially superior pre-origination mortgage liens were found of record. For those mortgage loans, the total amount of such potentially superior pre-origination mortgage liens is $116,702.74. For these same loans Linear reviewed the origination title policies and affirms that none took exception to the prior mortgage liens.
b.8 mortgage loans for which potentially superior pre-origination non-mortgage liens were found of record. For these same loans Linear reviewed the origination title policies and affirms that none took exception to the prior mortgage liens.
c.1 mortgage loan for which potentially superior pre-origination non-mortgage liens were found of record. For this same loan Linear was unable to review the origination title policy to affirm that there were exceptions to the prior mortgage liens
3.As set forth in the title search reports:
a.0 mortgage loans with a potentially superior, post-origination lien/judgment. The total amount of such potentially superior post-origination HOA lien is $0.00.
b.0 mortgage loans with a potentially superior, post-origination Municipal lien. The total amount of such potentially superior post-origination lien/judgment is $0.00.

 

Thank You,

 

Linear Title & Closing, Ltd.

 

 

  

 

127 John Clarke Road, 1st Floor, Middletown, RI 02842 Toll Free: 888-554-6327 Tel: 401-841-9991 www.lineartitle.com

 

 

  
 

 

2017-SPL3 ID Deal ID Review Date State Expected MTG Lien Position Pre-origination Findings MTG Lien Position MTG Released? Count of
Pre-Origination
MTG Liens
Total Dollar
Amount of
Pre-Origination
MTG Lien(s)
Count of
Pre-Origination
Non-MTG Liens
TPOL
Review
Needed?
TPOL
Reviewed?
TPOL Exception
to Pre-Origination
MTG/Non-MTG Liens?
Post-Origination
Non-MTG Liens
(Yes/No)
Superlien
State?
(Yes/No)
HOA
Lien?
HOA
Amount
Muni
Lien?
Muni
Amount
2017SPL3102955 C-28195-08 12/1/2016 CA 1 4. Title Policy unavailable/deficient; does not confirm lien insured in expected lien position. 5 No 0 $0.00 4 Yes Unavailable Unavailable Yes No No  $                -    No  $                -   
2017SPL3103283 C-28195-07 10/5/2016 SC 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 1 $19,550.00 0 Yes Yes No No Yes No  $                -    No  $                -   
2017SPL3102703 C-28195-07 10/6/2016 FL 1 2. Clear Title Policy confirms lien insured in expected lien position. 6 No 0 $0.00 5 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102772 C-28195-08 12/1/2016 AL 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 0 $0.00 1 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102885 C-28195-08 11/30/2016 AL 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 0 $0.00 1 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102004 C-28195-08 12/1/2016 CA 1 2. Clear Title Policy confirms lien insured in expected lien position. 8 No 0 $0.00 7 Yes Yes No Yes No No  $                -    No  $                -   
2017SPL3102293 C-28195-08 11/28/2016 DE 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 0 $0.00 1 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102716 C-28195-08 11/28/2016 FL 1 2. Clear Title Policy confirms lien insured in expected lien position. 3 No 0 $0.00 2 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102180 C-28195-08 11/28/2016 FL 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 0 $0.00 1 Yes Yes No No No No  $                -    No  $                -   
2017SPL3102011 C-28195-08 12/5/2016 GA 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 0 $0.00 1 Yes Yes No No No No  $                -    No  $                -   
2017SPL3103321 C-28195-08 12/6/2016 MS 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 1 $42,433.00 0 Yes Yes No No Yes No  $                -    No  $                -   
2017SPL3102914 C-28195-08 12/5/2016 NC 1 2. Clear Title Policy confirms lien insured in expected lien position. 2 No 1 $9,500.00 0 Yes Yes No No Yes No  $                -    No  $                -   
2017SPL3103012 C-28195-08 12/7/2016 PA 1 2. Clear Title Policy confirms lien insured in expected lien position. 4 No 3 $45,219.74 0 Yes Yes No No Yes No  $                -    No  $                -   
2017SPL3102478 C-28195-06 8/26/2016 NY 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102222 C-28195-07 10/5/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102329 C-28195-07 10/6/2016 FL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103334 C-28195-07 10/6/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102085 C-28195-07 10/4/2016 MO 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes Yes No  $                -    No  $                -   
2017SPL3103194 C-28195-07 10/4/2016 PA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103094 C-28195-07 10/3/2016 WY 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102106 C-28195-07 10/6/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3102754 C-28195-07 10/10/2016 AZ 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103064 C-28195-07 10/10/2016 NC 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103014 C-28195-07 10/10/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103426 C-28195-07 10/6/2016 DE 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103558 C-28195-07 10/6/2016 FL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102911 C-28195-07 10/7/2016 FL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102787 C-28195-07 10/10/2016 GA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102056 C-28195-07 10/10/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103011 C-28195-07 10/6/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102093 C-28195-07 10/6/2016 CA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102168 C-28195-07 10/7/2016 ND 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102228 C-28195-07 10/7/2016 SD 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102298 C-28195-07 10/6/2016 WV 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103193 C-28195-08 11/28/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103457 C-28195-08 12/15/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102775 C-28195-08 11/29/2016 AL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103451 C-28195-08 12/5/2016 CA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102771 C-28195-08 1/6/2017 DE 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3103319 C-28195-08 11/29/2016 DE 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes Yes No  $                -    No  $                -   
2017SPL3103044 C-28195-08 11/28/2016 FL 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes Yes No  $                -    No  $                -   
2017SPL3102877 C-28195-08 12/5/2016 GA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes Yes No  $                -    No  $                -   
2017SPL3103169 C-28195-08 11/30/2016 IA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102209 C-28195-08 12/1/2016 ID 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3103372 C-28195-08 12/1/2016 IN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3103367 C-28195-08 12/5/2016 KY 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103080 C-28195-08 12/6/2016 MI 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103154 C-28195-08 12/12/2016 MI 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103559 C-28195-08 12/14/2016 MN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103079 C-28195-08 12/2/2016 MN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3102384 C-28195-08 12/14/2016 MO 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103485 C-28195-08 12/14/2016 MO 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103287 C-28195-08 12/12/2016 NE 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102203 C-28195-08 11/30/2016 NM 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3102737 C-28195-08 12/12/2016 OH 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103057 C-28195-08 12/7/2016 OH 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103078 C-28195-08 12/7/2016 OH 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103013 C-28195-08 11/29/2016 OK 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103281 C-28195-08 12/6/2016 OR 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3102316 C-28195-08 12/5/2016 PA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102976 C-28195-08 12/20/2016 PA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103459 C-28195-08 12/2/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103360 C-28195-08 12/15/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103461 C-28195-08 12/6/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102961 C-28195-08 12/12/2016 TN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes No No  $                -    No  $                -   
2017SPL3103595 C-28195-08 12/21/2016 TX 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103596 C-28195-08 12/21/2016 TX 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103597 C-28195-08 12/28/2016 TX 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103490 C-28195-08 12/6/2016 WA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102335 C-28195-08 12/1/2016 WA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3102075 C-28195-08 12/8/2016 WI 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3102272 C-28195-08 12/2/2016 WV 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3103466 C-28195-08 12/8/2016 NC 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -   
2017SPL3103018 C-28195-08 12/22/2016 MN 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A Yes Yes No  $                -    No  $                -   
2017SPL3103022 C-28195-08 12/6/2016 PA 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No Yes No  $                -    No  $                -   
2017SPL3103336 C-28195-08 12/13/2016 OH 1 1. Title/Lien search confirms expected lien position 1 No 0 $0.00 0 No No N/A No No No  $                -    No  $                -