RA 9507

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RA 9507

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RA 9507

  1. 1.  All accounts with accumulated arrearages of at least 3 months:  53,750 accts --- AMD  57,622 accts --- ROD  27,457 accts --- TFRMA  2,573 accts --- Items for litigation/foreclosure --------------------  141,402 accts --- Total
  2. 2.  all past due accts. (at least 3 months)  all MBs who requested for extension and deposited payment to SHFC  Foreclosed accts within the redemption period  Legal heirs of deceased MBs  Approved substitute
  3. 3.  Full payment  Updating  Monthly installment within 12 months from cut off date  Lump sum payment of arrearages on any date before the lapse of 1 year .
  4. 4.  Total arrearages ( all unpaid principal, interest, insurance, taxes, other charges)  Less: Penalties (total condonation)  Total Amount for updating
  5. 5.  Total Condonation provided that:  - regular amortization are updated  - all arrearages are settled within 1 year  In case of failure --- all penalties shall be added back to the account.
  6. 6.  Failure to pay at least 3 monthly regular amortization  Failure to settle all arrearages within 1 year  = SHFC may pursue foreclosure
  7. 7.  All payments shall be temporarily lodged as undistributed collection. The distribution of which shall be done upon maturity of the payment period or upon settlement of the arrearages, whichever comes first. The same payments shall be credited as payments made as of cut-off date.
  8. 8. Case Description PID Verification Abstract of Collection CMR Application Form 1 Substitution in-process, with complete submission to PID YES FAO Original MB, Paid by the AS CA AS 2 Substitution in-process, incomplete submission to PID NO FAO Original MB, Paid by the CA CA CA (represented by President) 3 For application of substitution –with CA Board Resolution and Waiver * NO FAO Original MB, Paid by the CA. CA CA (represented by President) 4 Offer of payment from applicant substitute (AS) – no document NO Original MB Original MB Original MB ACCEPTANCE OF PAYMENT FROM UNDOCUMENTED SUBSTITUTE *Waiver/Quitclaim – rendering SHFC free and harmless from any claims.
  9. 9. Case Description PID Verificatio n Abstract of Collection CMR Application Form A1 Assumption through Extra Judicial Settlement (EJS) with waiver of rights YES (FP/FU) FAO Original MB, Paid by the person authorized based on EJS FAO Original MB, Paid by the person authorized based on EJS To be signed by Person Authorized based on EJS A2 Assumption through EJS with waiver of rights NO ( 12 months Installment / Lump sum) FAO Original MB, Paid by the person authorized based on EJS FAO Original MB, Paid by the person authorized based on EJS To be signed by Person Authorized based on EJS B No EJS , no request for change of name NO Original MB OMB To be signed by Legal heir/ representative based on SPA* ACCEPTANCE OF PAYMENT FROM DECEASED MBs ACCOUNTS * Authority to apply for updating of accounts under RA9507, signed by the Legal heirs.
  10. 10.  End
  11. 11. APL # & Date : ACCOUNTS MANAGEMENT DEPARTMENT APPLICATION FOR PENALTY CONDONATION UNDER RA9507 ONE-YEAR UPDATING SCHEME (Please Check option) Account Number : 18747970001 Full Payment Name of Beneficiary : MARIO A. RODRIGUEZ Full Updating Substitute : Installment Telephone Number : _________________________ Lump Sum Name of Association : AL-VEYAHAN HOMEOWNERS ASS'N., PH. I BLK # 1 LOT # 1 Originator : HOME GUARANTY CORPORATION Status : (227.00) months in Arrears Take Out Date : 06/14/1994 Effectivity of Adjusted Loan Value : / / Loan Value : Php 27,404.09 Php .00 Orig. Rate & Term : 6 % - 25 yrs 6% - 0 yrs Orig. Monthly Amortization : P & I Php 176.56 .00 MRI 11.24 187.80 .00 FIRE .00 I. COMPUTATION As of : 7/30/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php 67,152.49 Php Downpayment (optional) - Total Php 59,947.16 Php Monthly Installment ( Twelve (12 ) months to pay ) Php Regular Amortization Social Housing Finance Corporation a subsidiary of National Home Mortgage Finance Corporation Telephone No. 750-6337 loc. 522/562/525/535 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 27,404.09 6,537.95 67,152.49 127,099.65 ==========
  12. 12. I. COMPUTATION As of : 7/30/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php 67,152.49 Php Downpayment (optional) - Total Php 59,947.16 Php Monthly Installment ( Twelve (12 ) months to pay ) Php Regular Amortization TOTAL MONTHLY PAYMENT Php II. EFFECTIVITY DATE : From 7/30/2013 To 7/30/13 Monitoring of Payments Date CMR # CMR Regular Monthly Penalty IUP Monthly Amount due to Amount Amortization Installment Update Beg 59,947.16 7/29/2013 0001 59,947.16 - - - 59,947.16 .00 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 27,404.09 6,537.95 67,152.49 127,099.65 ==========
  13. 13. APL # & Date : ACCOUNTS MANAGEMENT DEPARTMENT APPLICATION FOR PENALTY CONDONATION UNDER RA9507 ONE-YEAR UPDATING SCHEME (Please Check option) Account Number : 18747970001 Full Payment Name of Beneficiary : MARIO A. RODRIGUEZ Full Updating Substitute : Installment Telephone Number : _________________________ Lump Sum Name of Association : AL-VEYAHAN HOMEOWNERS ASS'N., PH. I BLK # 1 LOT # 1 Originator : HOME GUARANTY CORPORATION Status : (227.00) months in Arrears Take Out Date : 06/14/1994 Effectivity of Adjusted Loan Value : / / Loan Value : Php 27,404.09 Php .00 Orig. Rate & Term : 6 % - 25 yrs 6% - 0 yrs Orig. Monthly Amortization : P & I Php 176.56 .00 MRI 11.24 187.80 .00 FIRE .00 I. COMPUTATION As of : 7/30/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php 59,947.16 Php 49,168.55 Monthly Installment ( Twelve (12 ) months to pay ) Php Regular Amortization Social Housing Finance Corporation a subsidiary of National Home Mortgage Finance Corporation Telephone No. 750-6337 loc. 522/562/525/535 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  14. 14. I. COMPUTATION As of : 7/30/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php 59,947.16 Php 49,168.55 Monthly Installment ( Twelve (12 ) months to pay ) Php Regular Amortization TOTAL MONTHLY PAYMENT Php II. EFFECTIVITY DATE : From 7/30/2013 To 7/30/13 Monitoring of Payments Date CMR # CMR Regular Monthly Penalty IUP Monthly Amount due to Amount Amortization Installment Update Beg 49,168.55 7/29/2013 0001 49,168.55 - - - 49,168.55 .00 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  15. 15. APL # & Date : ACCOUNTS MANAGEMENT DEPARTMENT APPLICATION FOR PENALTY CONDONATION UNDER RA9507 ONE-YEAR UPDATING SCHEME (Please Check option) Account Number : 18747970001 Full Payment Name of Beneficiary : MARIO A. RODRIGUEZ Full Updating Substitute : Installment Telephone Number : _________________________ Lump Sum Name of Association : AL-VEYAHAN HOMEOWNERS ASS'N., PH. I BLK # 1 LOT # 1 Originator : HOME GUARANTY CORPORATION Status : (227.00) months in Arrears Take Out Date : 06/14/1994 Effectivity of Adjusted Loan Value : / / Loan Value : Php 27,404.09 Php .00 Orig. Rate & Term : 6 % - 25 yrs 6% - 0 yrs Orig. Monthly Amortization : P & I Php 176.56 .00 MRI 11.24 187.80 .00 FIRE .00 I. COMPUTATION As of : 8/14/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php Php 49,168.55 LUMP SUM payment ( 5/14/2014 ) Php 49,168.55 Regular Amortization 187.80 TOTAL MONTHLY PAYMENT Php 187.80 Social Housing Finance Corporation a subsidiary of National Home Mortgage Finance Corporation Telephone No. 750-6337 loc. 522/562/525/535 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  16. 16. I. COMPUTATION As of : 8/14/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php Php 49,168.55 LUMP SUM payment ( 5/14/2014 ) Php 49,168.55 Regular Amortization 187.80 TOTAL MONTHLY PAYMENT Php 187.80 II. EFFECTIVITY DATE : From 9/14/2013 To 5/14/2014 Monitoring of Payments Date CMR # CMR Regular Monthly Penalty IUP Monthly Amount due to Amount Amortization Installment Update Beg 49,168.55 9/14/2013 00001 187.80 187.80 1014/2013 00002 187.80 187.80 12/14/2013 00003 377.51 187.80 1.29 .62 187.80 - 1/14/2014 00004 187.80 187.80 2/14/14 00005 187.80 187.80 03/14/14 00006 187.80 187.80 04/14/14 00007 187.80 187.80 05/14/14 00008 49,356.35 187.80 49,168.55 .00 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  17. 17. Actual Principal 27,404.09 P/I 176.56 Unpaid Principal 16,625.48 Insurance 11.24 INTEREST PRINCIPAL Monthly Due Date 10,778.61 1ST 9/14/2013 53.89 -122.67 10,655.94 2ND 10/14/2013 53.28 -123.28 10,532.66 3RD 11/14/2013 52.66 -123.90 10,408.77 4TH 12/14/2013 52.04 -124.52 10,284.25 5TH 1/14/2014 51.42 -125.14 10,159.11 6TH 2/14/2014 50.80 -125.76 10,033.35 7TH 3/14/2013 50.17 -126.39 9,906.95 8TH 4/14/2013 49.53 -127.03 9,779.93 9TH 5/14/2013 48.90 -127.66 9,652.27 10TH 6/14/2013 48.26 -128.30 9,523.97 11TH 7/14/2013 47.62 -128.94 9,395.03 12TH 8/14/2013 46.98 -129.58 9,265.44
  18. 18. APL # & Date : ACCOUNTS MANAGEMENT DEPARTMENT APPLICATION FOR PENALTY CONDONATION UNDER RA9507 ONE-YEAR UPDATING SCHEME (Please Check option) Account Number : 18747970001 Full Payment Name of Beneficiary : MARIO A. RODRIGUEZ Full Updating Substitute : Installment Telephone Number : _________________________ Lump Sum Name of Association : AL-VEYAHAN HOMEOWNERS ASS'N., PH. I BLK # 1 LOT # 1 Originator : HOME GUARANTY CORPORATION Status : (227.00) months in Arrears Take Out Date : 06/14/1994 Effectivity of Adjusted Loan Value : / / Loan Value : Php 27,404.09 Php .00 Orig. Rate & Term : 6 % - 25 yrs 6% - 0 yrs Orig. Monthly Amortization : P & I Php 176.56 .00 MRI 11.24 187.80 .00 FIRE .00 I. COMPUTATION As of : 8/14/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php Php 49,168.55 Monthly Installment ( Twelve (12 ) months to pay ) Php 4,097.38 Regular Amortization 187.80 Social Housing Finance Corporation a subsidiary of National Home Mortgage Finance Corporation Telephone No. 750-6337 loc. 522/562/525/535 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  19. 19. I. COMPUTATION As of : 8/14/2013 Amount for Amount due Full Payment to update Php Loan Value Less : Principal Payments Add : Arrearages Fire Php MRI Interest Principal IUP Penalty Total Amount Php Php Less : Condoned Penalties Php Php 67,152.49 Downpayment (optional) - Total Php Php 49,168.55 Monthly Installment ( Twelve (12 ) months to pay ) Php 4,097.38 Regular Amortization 187.80 TOTAL MONTHLY PAYMENT Php 4,285.18 II. EFFECTIVITY DATE : From 9/14/2013 To 8/14/2014 Monitoring of Payments Date CMR # CMR Regular Monthly Penalty IUP Monthly Amount due to Amount Amortization Installment Update Beg 49,168.55 9/14/2013 00001 4,285.18 187.80 4,097.38 45,071.17 1014/2013 00002 5,000.00 187.80 4,812.20 40,258.97 12/14/2013 00003 10,000.00 187.80 1.29 .62 187.80 - 9,622.49 30,636.48 1/14/2014 00004 31,000.00 187.80 30,812.20 (175.72) 27,404.09 .00 27,404.09 .00 2,551.48 23,453.64 - 6,537.95 67,152.49 127,099.65 ========== .00 2,551.48 23,453.64 16,625.48 6,537.95 67,152.49 116,321.04 ==========
  20. 20. Thank you

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