Approved Loan Mods Keeping thing simple. Load Modi {Ms.Evelyn Campbell} Multiple Investment...

Approved Loan Mods

Keeping thing simple

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

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AHMSI {Investment Property}

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• 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%

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 theBorrower.Case Strength :- 1. Borrower Past Due for 3 payments {90 days} 2. Decline in House Price by 25%

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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

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Loan MOd 2 Dawn Franco

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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

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Old Terms:-

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• Principal Amount $324,394.00

• PI Payments $2,087.24

• Rate of Interest 7%

The Deal THAT WE GOT!!!!

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Load Mod 3 {Adriana Marmalejo}Nature of Hardship 1. Single Mother 2. Reduced Income 3. DTI 150%

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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%

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Old Terms:-• Principal Amount $369,671.00

• PI Payments $3,270.96

• Rate of Interest 7%

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The deal that we got !!!!

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Loan Mod 4 Christan JomocNature 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%

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Old Terms:-• Principal Amount $343,898.00

• Payments $2,006.08

• Rate of Interest 7% interest only.

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Loan Mod 5 Margaret BeltonNature of Hardship• Reduced Income• Loss of Job• DTI 70%• Spouse Passed Away

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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}

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Old Terms:-

Principal Amount $316.356.00

Payments $2,040.08

Rate of Interest 6.75% interest only.

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Contact Us

Rhombus Technologies Inc.

82-36, 259th St., Floral Park, New York, 11004

Contact Person: Rekha Singh (Rebecca)Tel: 1-877-869-7950Fax: 1-800-309-6316Email: rebecca@rhombustech.netUrl: www.rhombustechnologies.com

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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 660082_36 259 St Floral Park NY 11004 | T:866-833-6840 | F: 800-579-4118z