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Keeping thing simple Approved Loan Mods 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 01 AHMSI {Investment Property}

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Keeping thing simple

Approved Loan Mods


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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

01


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AHMSI {Investment Property}

  • 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%

02


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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%

………………………………………………………………..............................................................

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

03



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Loan MOd 2 Dawn Franco

  • 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

05


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Old Terms:-

  • Principal Amount $324,394.00

  • PI Payments $2,087.24

  • Rate of Interest 7%

The Deal THAT WE GOT!!!!

06



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Load Mod 3 {Adriana Marmalejo}

Nature of Hardship

1. Single Mother

2. Reduced Income

3. DTI 150%

………………………………………………………………..............................................................

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%

08


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Old Terms:-

  • Principal Amount $369,671.00

  • PI Payments $3,270.96

  • Rate of Interest 7%

The deal that we got !!!!

09



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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%

11


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Old Terms:-

  • Principal Amount $343,898.00

  • Payments $2,006.08

  • Rate of Interest 7% interest only.

12



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Loan Mod 5 Margaret Belton

  • Nature of Hardship

  • Reduced Income

  • Loss of Job

  • DTI 70%

  • Spouse Passed Away

………………………………………………………………..............................................................

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}

14


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Old Terms:-

Principal Amount $316.356.00

Payments $2,040.08

Rate of Interest 6.75% interest only.

15









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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: [email protected]

Url: www.rhombustechnologies.com

24


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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

Keeping thing simple


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