Document 6524426

Modification Cover Sheet
Date: 5.27.2010
Negotiator:
Law Group:
Client Name:
,
Lender:
Bank of America
,
Type;of modification: Permanent Modification
Origiflal Mortgage: Payment: $2635.62,(7.24% int rate)
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Modified Paymen, Amount: $1318.60 (3.5%)
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SEP~2~-2009
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12:31
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BankqfAmerica ~i"
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Stltlment dite DIIZI/2OIiI
Account Number
Home Loans
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P.01
Prop.rty addren.
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IMPORTANT NOTICE
If you and BAC Home Loans Servicing, LP have entered into en agreement to address your monthly
payments, please make payments in accordance with this agreement
If you heve qualified for en interest rate reduction based upon current active military service,
subsequent statements may not reflect the reduced payment amount. Please refer to the notice
previously sant to you for the reduced payment amount.
I·
"OME LO' AN
SUMMARY
•
Amount due on D9iGl1Z009 o. of Dl/ZI/2OOS
Home klan payment due 09/O1/2~--­
Past due paymant amount
(aee next page for account details)
Home loan OV.rviM •• of Dll2llZDOI
Principai"'balance
$409.818.91
Elcrow balance
-$4,84U2
Lat. Charge Hpayment recei .. d after 09/15flOO9
S13U8
$3,100.16'
25,578.19
Cill:; may bEl lftanimrtCl orl'tcntdEld to en!.urp. (liI.lllY nrvice. We raay cn~,o. you II fee roTlnYlllymefit lAC HoMe Lt.... Setvltil.l. LP I, "upllred by"" tJ iaIofl'l yIN t. .tdUs
Qt" l~itCllld byyourfinanciat II'!1titwttoo. :subjBt1tD apple"'. taw.
ce.auaJe. . . . fruBl8 _btCil",G:M,.
returned
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PAYMENTINSTRUCTIDN$
1. PIBBS9
• don't,tlno cash
• don't !tlIple VQt)f t:ht'~k b:I the payment
coupon
,. don1 1lclude COITlUfHllld.nc.
,. inClude coupon·With pilyoment
2. Writ. th.IllCcount number Iln the: chtr- II ot
murl~v Qtder.
:3 Writd in any additionsl amnunU VOU art
Including.
4. Make-your tf'ltellplIYllbl1O to
·••eMttM 1.9.... s.n-iaUtt. tfI
AtIn:Ral1littance Pracudl'\g
1& OTIJU lID( FOI M'OlTNfTlilfOllUTIOIt
BAC liall\Q Loen J S9MCiaO. LP
...
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-- - - ·
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.. - --. ---.- . - -- .. - - - - - - -
HOM E L 0 ~ N
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PET AI LS
-.- .- - -- - - - - -- .. - .-
M.nthly payment br••Ndown ...1 oe/2IIlGG9
Principal and/or intsr ..t payment
Escrow payment amount
Fees dus
tl.saS-62
T.. ", ..OII1IIIy_Io..
",110."
_nI
... - - .. .- . - -...---. -. - ---
... -.- -
Lo•• ty. . . .d t ....
4i4.S4
6,609.15
LOll\) typo
COntfllcrual remaining term
Mi R.t. M.g.
38 Ygars, 1 MOI"I'1:h;
Interest rate
\!p!!!!!.. dot..
Adju ••abl. Rate MortgagelARMI chong.
7.240%
"."01'"
"",L
horow ICCG ..1t .XIII'UN
We Ife responsibl, f(x thlt payment of the following BSC/tlW itftms wir1r ths 9)(Ception of the irems m~rked Wm) ifn 8stll(IS$:. (*1The p8VJ1H1nt of the irem!1 mirked wM an ",terisk fir) is the ,.spon,ibility of the hom.own't.
Pol;,'I numberffax ID
D,scription
CoUttlYUlUS
.. HOO!I tJQwrtt'S flsitr .... ce
Cournv taXis
loa An90181 County T.x CQllilct
Freq u8nc v.
Amlual
. Annual
kltlrins Exth D1 Tha Auto Club
Los Ang61"i Cl)Unt'lTaK Ct)hut
Annuli
Next due d,t9
o:v:lll2Dl0
119/1112010
lIr.iJI2t)l!9
Amlluf/l dUB
2,316.41
534.00
2.376.~7
Heme I... aeaMly .simi, ya ... I,. . . . . .1It
Ther.e Was no activity on your account for tho period ,overed in this 1~.telTI~nt.
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-------.-- ----.-------------._--C;;.;oma_ _ ---.:- - .- ' .----....--. --. - -.---
CON T ACT W9 may r~PDrt infOhT1,Mion about your aecount to credit bureau9. Lata payments, missed paVmen15 or other do1autbs on YOllr aCCOunt mlY blil
US
refklclQd m 'tour orllldltrtpon.
fa<.,......... 10.._ _ Il10 ICCQ"""
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automated information syst&m, To Isk u~ about ihis stamm.ntor aCGoul1t
infotmatKm. c:al
Mond.y-Friday. 88m to ilpm EaIt8rn To •.
CaNt mav be nlooitored and/or recorded for 8&",109 quality PlIrpOSln, Se
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Tax Dlpl
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tal' B;mk of America.NAMlmbllrF!)IC . a .. nk rK I\Inorkl. NA and BAC Home l08n; Servicin9.LP.1I s\j~.idiary riSMlIl otAfttllflcB, NA. are equal HlM1S"ino ll!ndtllt. O~ B.n"
IiiI of A~.(iCii Corpor,tIon. lred!lurki ilntlt\t I)I"OpeI1Y d aank of AlMrica to/rlontiofl. AI nohts "Slrvad,
Accounl Number
addroo&(e.) IloI<W!lNIIlaltciWu.lo .end you Information on your .",oon1
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nolZillmttt ~JhojlarwiU III app!iKtO your ICCo)UnI Mill" ~
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for IlIlutl mQIIrfI ,lllYm,nI: ~'I'l"d"lnwmc II tal~I.Id!Xll
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Apr 12 10 11:34a
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BanlrofAmerica . . . .
Home Loans
Attn: Home Retention Division
BAC Home Loans SeTVicing, LP
Notice Date: March 25. 2010
AccDunt No.:
Property Address:
THIS IS AN IMPORTANT NOTICE REGARDING YOUR LOAN.
PLEASE BE SURE TO READ THIS ENTIRE LETTER CAREFULLY.
Dear
.
BAC Home Loans Servicing. LP. -the subsidiary of Bank of America that services your loan, has recently announced
a Homeownership Retention Program designed to helf) our valued customers who may be having difficulty making
ti1eir mortgage payments. That's why we're pleased to inform yOl1 that you are eligible 1 for our Homeownership
Retention Program, and the fol1owirag options may be available to you:
• Interest-rate reduction
• Interest-only payments for a ten (10) year period
• Resolution of past due amount
1n order to take advantage of the interest rate reduction. interest-only payments for a ten (10) year period and
resolution of past due amount you must agree to the enclosed modification agreement and retum it to us as
il1dicated below.
The endosed modification will reduce your interest rate to 3.500%, which will result in a new payment amount of
$1.318.60.' This rate will be fixed for a period of one year. It will take effect April 1. 2010 and will continue until
March 31, 2011. At the end of one year, your inlerest rate will increase: however, the interest rate increase will not
increase your total principal (if applicable) and interest payments by mote Utan 7 -500% oflota[ scheduled pa.yments
of principal (if applicable) and interest from the prior year. Your interest rate will continue to change annuatly
thereafter, subject to a maximum interest rate of 7.240%.
Accepting the enclosed modification also resolves your pasl due amounl of $43.525.59 as of March 18.2010. The
enclosed rnodffication is one of two ways you can resolve your past due amount as follows:
1. If you are able to pay your past due amount:
If you can pay back your past due amount and do not wish to add them to your balance. pleaSe contact us at
to make arrangements to pay this amount and receive new modification documents_
1 Your eligibility is based upon information you provided to us and may be subject to validation.
2 This payment is subjec..1: to change if your escrow payme11t dlanges.