The Purpose of this Foreclosure and Credit Reporting Policy is to clarify when Sharestates, Inc., and its servicer, Investors Loan Servicing, or sub-servicer will report foreclosures on Loans serviced by it. Defined Terms not defined herein, shall have the meaning ascribed to them in the relevant Loan Documents.   Investors Loan Servicing will report the foreclosure of properties on the Guarantors' credit report upon referral to foreclosure. Guarantors are responsible for underlying loans and are the credit support the loans are underwritten to. In the event a Guarantor does not fulfill the obligations of the Borrower and Sharestates has to file for foreclosure, Investors Loan Servicing will report loans in the foreclosure process on the Guarantors’ credit report.   Servicing FAQ Loss Mitigation Sharestates provides business purpose loans and most of the loans should be supported by an underlying payment stream, however, sometimes circumstances may result in late or missed mortgage payments, which could decrease your credit score and your ability to finance future projects or properties. If your payments have been delayed or delinquent we strongly recommend you contact the Asset Management team at sls@investorsloanservicing.com, to discuss any loss mitigation options available to you. If you are not proactive about loss mitigation we will move to foreclosure after providing the required regulatory and legal notices. We will also report relevant delinquencies to the appropriate credit bureaus as detailed above.   Reporting Delinquencies & Defaults to Credit Bureaus Mortgage payments are due on the 1st of each month or the date otherwise agreed in your loan documents. After your due date, we give you a 10-day grace period after which late fees will begin to accrue. We will report late payments by the entity and foreclosures (on guarantors' credit) to the credit bureaus as needed and legally permissible. If we reported your payment as late, but you have evidence of payment before the end of the month it was due, please mail us a copy of that information along with a written explanation. When we get your information, we'll investigate further. You also have the right to ask us to provide documentation that verifies we made no error in servicing your loan. Send your requests and supporting information to: sls@investorloanservicing.com.