Charge-Off Settlement Checklist Use the following checklist to ensure that you send us all of the required post-settlement documentation for a charge-off. If you have any questions contact 800-FREDDIE. For additional information about charge-offs, refer to Single-Family Seller/Servicer Guide (Guide) Chapter B65.  Include the following in your post-settlement package for charge-offs without a release of lien: Where to Send the Documents    The original Note  A copy of the original loan application The original security instrument The recorded assignment of the security instrument from you to The Federal Home Loan Mortgage Corporation (not “Freddie Mac”) Regular or Overnight Mail: Attention: Freddie Mac Recovery Freddie Mac 8100 Jones Branch Dr. Mailstop B3G McLean, VA 22102  Additional Activities:     Report the payoff to Freddie Mac as a payoff – prepaid transaction through the Service Loans application within two business days of receiving our approval letter. When reporting, ensure that the DDLPI field contains the due date of the last fully paid installment. Remit any funds due, if applicable, to Freddie Mac. If the lien is released, you must file IRS Form 1099-C, Cancellation of Debt. If the lien is not released, notify the borrower of the transfer of servicing. Send any hazard insurance funds or litigation settlement funds for charge-offs with or without a release of lien to the following address. Include a cover letter that references the Freddie Mac loan number and states that the funds are for a charge-off recovery. Do not wire the funds. BankOne TX-1-0029 14800 Frye Road Ft. Worth, Texas 76155 Attention: Freddie Mac #730453 This document is not a replacement or substitute for the information found in the Single-Family Seller/Servicer Guide, and /or terms of your Master Agreement and/or Master Commitment. ©2014 Freddie Mac August 2014 www.FreddieMac.com/learn/