How do plaintiff/lenders complete “Section B” of court form FDP-02A?
Section “B” of court form FDP-02A requires plaintiff/lenders to produce 24 values that will be needed in order for the mediator to fully complete the FDIC Net Present Value (NPV) worksheet. Items 1-14 call for specific information about the loan and the property, whereas items 15-24 call for more general information. For example, these general information items include a value for “Home Price Appreciation Forecast” and “REO Stigma Discount.” If the plaintiff has reliable information for items 15-24, plaintiff should provide that information. It is in plaintiff’s best interest to have the FDIC NPV worksheet completed with values based upon plaintiff’s actual experience. However, if the plaintiff does not have access to reliable information for these items, then plaintiff may rely upon the regional values collected by the Foreclosure Diversion Program from FDIC NPV worksheets used in actual foreclosure mediations.
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