Cash Call Results

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Cash Call Results

  1. 1. Cash Call Results October 26, 2009
  2. 3. Avoid Foreclosure: Ongoing Cash Call Required
  3. 4. Cash Call Estimates over Two Years <ul><li>Bite the bullet ($375K) </li></ul><ul><li>Accept the lender’s modification terms ($236K) </li></ul><ul><li>Seek alternative modification ($120K) </li></ul><ul><ul><li>Refuse fees, costs </li></ul></ul><ul><ul><li>Refuse interest deferral </li></ul></ul><ul><ul><li>If unsuccessful, allow foreclosure </li></ul></ul><ul><li>Allow the property to foreclose ($0) </li></ul>
  4. 5. Cash Call Underway Over Past 9 Months
  5. 6. Pattern of Payment <ul><li>$12K monthly Feb - July </li></ul><ul><li>$15K monthly Aug – Present </li></ul><ul><li>Total call through Sep $102K </li></ul><ul><li>Paid call through Sep $87K (82%) </li></ul>
  6. 7. Cash Call Pattern
  7. 8. Participating Co-Owners
  8. 9. WAC’s Evaluation <ul><li>Co-Owners have supported the cash call </li></ul><ul><li>Co-Owners willing to contribute more </li></ul><ul><li>Cash call amount must be as low as possible </li></ul>

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