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RA 9507
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EXTENSION OF RA 9507 (WITH 1-YEAR UPDATING
SCHEME)
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
Coverage
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
Eligible applicants
Downpayment (Optional)No Processing Fees
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 .
Payment Options:
Total arrearages ( all unpaid principal, interest, insurance, taxes, other charges)
Less: Penalties (total condonation)
Total Amount for updating
Computation of Arrearages
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.
Condonation of Penalties
Failure to pay at least 3 monthly regular amortization
Failure to settle all arrearages within 1 year
= SHFC may pursue foreclosure
Default:
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.
Recording of Payment
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
Origina
l MB
Original MB
ACCEPTANCE OF PAYMENT FROM UNDOCUMENTED SUBSTITUTE
*Waiver/Quitclaim – rendering SHFC free and harmless from any claims.
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
A2Assumption 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.
End
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
CONFORME: Endorsed by:
MARIO A. RODRIGUEZ APPLICANT - Member-Beneficiary CA President / Treasurer
Prepared by: Reviewed by: Certified Correct: Approved ALLAN T. ROMERO JOSEFINA B. BANGLAGAN EDUARDO T. MANICIO Account Officer Chief Of Division Manager-AMD Executive Vice President
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 ==========
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
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
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)
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
==========
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
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)
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
==========
Thank you