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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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slide1
Keeping thing simple

Approved Loan Mods

load modi ms evelyn campbell
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
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

slide4
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

loan mod 2 dawn franco
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

old terms
Old Terms:-
  • Principal Amount $324,394.00
  • PI Payments $2,087.24
  • Rate of Interest 7%

The Deal THAT WE GOT!!!!

06

load mod 3 adriana marmalejo
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

old terms10
Old Terms:-
  • Principal Amount $369,671.00
  • PI Payments $3,270.96
  • Rate of Interest 7%

The deal that we got !!!!

09

slide12
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

slide13
Old Terms:-
  • Principal Amount $343,898.00
  • Payments $2,006.08
  • Rate of Interest 7% interest only.

12

slide15
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

slide16
Old Terms:-

Principal Amount $316.356.00

Payments $2,040.08

Rate of Interest 6.75% interest only.

15

slide24
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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