Presentation is loading. Please wait.

Presentation is loading. Please wait.

Approved Loan Mods Keeping thing simple. Load Modi {Ms.Evelyn Campbell} Multiple Investment Properties Negative Rental Income {Loss} Nature of Hardship.

Similar presentations


Presentation on theme: "Approved Loan Mods Keeping thing simple. Load Modi {Ms.Evelyn Campbell} Multiple Investment Properties Negative Rental Income {Loss} Nature of Hardship."— Presentation transcript:

1 Approved Loan Mods Keeping thing simple

2 Load Modi {Ms.Evelyn Campbell} Multiple Investment Properties Negative Rental Income {Loss} Nature of Hardship 1. Shutting down of business 2. Difficulties in renting Properties Lender AHMSI & Citimortgage www.rhombustechnologies.com 01

3 AHMSI {Investment Property} www.rhombustechnologies.com 02 378 Myrtle Avenue TAT :- 40 Days Efforts :- Package Sent, 3 calls & without Negotiations deal is approved & Package sent to the Borrower. Case Strength :- 1. Borrower Past Due for 3 payments {90 days} 2. Declining House Price by 20% 18 Arverne Terrace TAT :- 30 Days Efforts :- Package Sent, 3 calls & without Negotiations deal is approved & Package sent to the Borrower. Case Strength :- 1. Borrower Past Due for 3 payments {90 days} 2. Decline in House Price by 20%

4 Citimortgage {Investment Property} 59 Girard Avenue TAT :- 25 Days Efforts :- Package Sent, 5 calls & Updated Financials over the phone, deal is approved & Package sent to the Borrower. Case Strength :- 1. Borrower Past Due for 3 payments {90 days} 2. Decline in House Price by 25% www.rhombustechnologies.com 03 The deal that we got !!!! Step up Program with AHMSI on both the properties with the Rates capping at 6.25 % for Life of the Loan rate starting from 2% Citi has put her on Trial Payment PITI of $ 1,850.00 & has promised that the payments will be in that range,earlier payment was $ 2,722.00 ………………………………………………………………..............................................................

5 www.rhombustechnologies.com 04

6 Loan MOd 2 Dawn Franco www.rhombustechnologies.com 05 Nature of Hardship Separation Loss of Job Drawing Unemployment DTI 200% Wachovia {Paimary Residence} 8 Pine Ave TAT :- 15 Days Efforts :- Package Sent, 2 calls updated the Financials over the phone, send the most updated income proof. Case Strength :- 1. Borrower Past Due for 5 payments {150 days} 2. Decline in House Price by 20% 3. ARM Loan ………………………………………………………………..............................................................

7 Old Terms:- www.rhombustechnologies.com 06 Principal Amount $324,394.00 PI Payments $2,087.24 Rate of Interest 7% The Deal THAT WE GOT!!!!

8 www.rhombustechnologies.com 07

9 Load Mod 3 {Adriana Marmalejo} Nature of Hardship 1. Single Mother 2. Reduced Income 3. DTI 150% www.rhombustechnologies.com 08 Chase {Primary Residence} 157 Jackson St TAT :- 60 Days Efforts :- Package Sent, many calls to the lender, updated the Financials over the phone. Case Strength :- 1. Borrower Past Due for 5 payments {150 days} 2. Decline in House Price by 25% ………………………………………………………………..............................................................

10 Old Terms:- Principal Amount $369,671.00 PI Payments $3,270.96 Rate of Interest 7% www.rhombustechnologies.com 09 The deal that we got !!!!

11 www.rhombustechnologies.com 10

12 Loan Mod 4 Christan Jomoc Nature of Hardship Reduced Income Loss of Job DTI 55% Indymac {Primary Residence} 1363 ManzanaWay TAT :- 10 Days Efforts :- Package Sent, 1 call & the Mod was approved Case Strength :- 1. Borrower Past Due for 2 payments {60 days} 2. Decline in House Price by 35% ……………………………………………………………….............................................................. www.rhombustechnologies.com 11

13 Old Terms:- Principal Amount $343,898.00 Payments $2,006.08 Rate of Interest 7% interest only. www.rhombustechnologies.com 12

14 www.rhombustechnologies.com 13

15 Loan Mod 5 Margaret Belton Nature of Hardship Reduced Income Loss of Job DTI 70% Spouse Passed Away www.rhombustechnologies.com 14 Nationstar {Primary Residence} 685 Haxton Avenue. TAT :- 35 Days Efforts :- Package Sent, Many calls made & the Mod was approved Case Strength :- 1. Borrower Past Due for 4 payments {120 days} ………………………………………………………………..............................................................

16 Old Terms:- Principal Amount $316.356.00 Payments $2,040.08 Rate of Interest 6.75% interest only. www.rhombustechnologies.com 15

17 www.rhombustechnologies.com 16

18 www.rhombustechnologies.com 17

19 www.rhombustechnologies.com 18

20 www.rhombustechnologies.com 19

21 www.rhombustechnologies.com 20

22 www.rhombustechnologies.com 21

23 www.rhombustechnologies.com 22

24 Contact Us Rhombus Technologies Inc. 82-36, 259th St., Floral Park, New York, 11004 Contact Person: Rekha Singh (Rebecca) Tel: 1-877-869-7950 Fax: 1-800-309-6316 Email: rebecca@rhombustech.net Url: www.rhombustechnologies.com www.rhombustechnologies.com 24

25 Keeping thing simple Rhombus Technologies Pvt.Ltd. 601,Dhanthak Plaza,Makwana Road,Marol.Andheri(East),Mumbai 59 | T: +91 22 2850 1416 | F:+91 22 6692 6600 82_36 259 St Floral Park NY 11004 | T:866-833-6840 | F: 800-579-4118z


Download ppt "Approved Loan Mods Keeping thing simple. Load Modi {Ms.Evelyn Campbell} Multiple Investment Properties Negative Rental Income {Loss} Nature of Hardship."

Similar presentations


Ads by Google