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And he brought it to me and asked me to do an amortization on it.

So I wrote up a little program in Excel and did an amortization.

You didn't prepare this amortization?

that's hearsay testimony. Yeah. See, I was in court once and I had worked up an amortization

to prepare an amortization of the loan on this particular piece of property? I said,

yes, I was. Did you prepare that amortization? Yes, I did. This document I'm holding, is

this the amortization you prepared? Yes, it is. Your Honor, I moved this into evidence.

and it goes into an amortization where I'm repaying the principal and the interest in

into loan modifications, rewriting the loan, maybe extending the amortization back out

Don't take on negative amortizations.

and they amortize it and give you a 30-year amortization schedule

And you've got a bank that's holding a negotiable instrument that they've issued you an amortization schedule on

According to this amortization schedule

So I ran an amortization at $6.512

And then I took it and rewrote it, this was just a spreadsheet that did an amortization

And then I added some more formulation to it so I could do comparative amortizations

amortization schedule and look at the difference it makes. You will be astounded. The difference

So what we did was ran an amortization at 6.5% and on this note, it said the payment

So then right next to it, we ran an amortization at 6% and that said payment, $683 a month.

principal, and then calculated interest the next month and ran the amortization that way.

So it came off the principal on the first payment and then ran the amortization over 30 years. If the person paid the full amount that they were being charged with that five thousand extra in there, they would have overpaid on that note seventy seven thousand dollars

But what I do with these is you run an amortization on the truth in lending statement.

And then run an amortization on the note and look at the difference in the payment.

So I took the note amortization because it is the intent of the lender

If you run the note, just run a 30-year amortization on it, you're not paying extra interest.

So what I've done is put together a spreadsheet with a number of amortization schedules in it.

So what we do is I run an amortization on the truth and lending statement.

And then I ran an amortization on the note.

And then do an amortization

subtract all these fees from it and then put it in one of these little amortization programs

less, so then what you do is you want to get a loan amortization program that's in a spreadsheet

Do an amortization. This is what we do at Rebiddy's Real Estate.

You can find a spreadsheet, an amortization program for an Excel spreadsheet.

And then go to the note side, run an amortization on the note so it generates payment amount.

And run an amortization on truth and lending statement so it generates payment amount.

so run the note amortization with a overpayment in the amount of the excess.

And these are types of products that are negative amortization loans.

Go online and pull up an amortization program and put in your principal and interest and run the note.

and put it into one of these amortization programs

and then take your mortgage and do an amortization run it through an

amortization program i said suggest that you go in the interstate

amortization that'll give you an amortization in a spreadsheet

So you just do a standard amortization on a spreadsheet, and then you add a column in

an amortization on that. How much would you have to pay a month to amortize that out over 30 years?

charging. And then do an amortization on the note and compare the two. If there is a difference,

And then I have other people come to me say, when I run an amortization on their note, they're not paying as much as they should be.

And the reason it made me think of you is because it had to do with the way they applied payments and amortization.

Well, an amortization and check, if they had their amortization table and they could check it against what their current balance is, they would find there was a difference.

That I can do easy enough. I have a very extensive spreadsheet that I can do that with, where I can run an amortization and tell you on any given month what your principal and interest should be.

And then second is taxes and third is interest and fourth is amortization of the principle of the note and fifth is too late charges under the note.

You'll generally find that in line 1400, I think, and run an amortization on the note and then subtract the amount from the HUD 1 settlement statement from the note and reamortize it at the same payment amounts

So go on the Internet and pull up a loan amortization program.

We get an amortization schedule, preferably just go to the internet.

You can download one that does an amortization on a spreadsheet.

Take the amounts off of the note, put in the principal interest period, run the amortization.

you can do a second amortization.

I do an evaluation where I run those through an amortization program and see how they match

And what I'll do is a complete amortization based on what you signed the note agreeing to pay.

You can go online and find an amortization schedule.

You want to run these two amortizations right next to each other.

You set a column on the edge of the amortization schedule,

And if anybody wants to run this kind of an amortization,

And do an amortization, and the first thing you do is subtract the closing fees

showed them this amortization and they saw that I was challenging the

amortization schedule matches what you were being asked to pay, and that

Just run an amortization on the note

on the first payment, run an amortization on it, see when it goes to zero.

what year did you stop paying on the note, and run an amortization to see how much you've

Okay, this is what I want you to do. Go on the Internet and pull down a amortization program that will give you an amortization in a spreadsheet.

and pull you up a spreadsheet amortization schedule,

and you put your principal interest in term in the amortization schedule,

say it again randy you broke up my amortization table reflects the note

amortization assume you pay the amount that's demanded best to get a amortization schedule

with the number amortization table i put the numbers in and calculated it and because they

You run an amortization and see how much you would have paid over the life of the note, and that's how much you claim, principle and interest, both.

What you do is go online and find an amortizing tool that will do an amortization in a spreadsheet

set up your amortization just like it says, put in your principal, put in your interest, put in your term,

and then do the amortization and show you each payment, how much is interest, how much is principal.

If you get an amortization that does it in a spreadsheet, you just go down five years, payment 60.

run an amortization on the note, and see how much you would have overpaid the note over the term.

Take an amortization of the property.

You want one that does an amortization on a spreadsheet.

And the way I've developed the claim is get an amortization tool, preferably a spreadsheet,

where you can put in the principal interest date and it will run an amortization schedule on your note.

and that'll decrease the principal by that amount, and then look at your amortization schedule.

It's best if you go online and find a spreadsheet-type loan amortization schedule.

You're amortization, eventually I'm not paying interest on something that you're asking me

Absent that, all those fees are fraudulent. So claim all the fees are fraudulent, do an amortization of the note, taking the full amount on line 1400 of the HUD-1 settlement statement, add A and B together, paid by seller, paid by lender, add those two together, subtract it from the original principle on the first payment.

And I ran an amortization on it and it came up to a payment of $26,700.

We'll run an amortization and tell exactly what you should owe on it.

Every one of them. So go online and pull down a spreadsheet type amortization schedule.

You take an amortization, put in the principal, put in the interest, and it will come up with a monthly payment.

See if that payment amount matches the amount calculated by the amortization schedule and most of the time it does.

And I'm looking at this. I ran the amortization and it had, it should have been like $100 something for interest

I take the, from that, well, okay, it's a little more complex than that to do the whole full amortization, but it almost has to come out to the same number.

You run the amortization. You will be surprised.

While you're talking, I'm going to run a little amortization here.

Go ahead and calculate out the amortization schedule for it, or a 30-year note, and then

The note and the HUD 1, I do a second amortization where I subtract the amount from the HUD 1 settlement statement.

But I run the note and check the amount that an amortization schedule shows the payment should be.

And you need to run an accounting. You run an amortization.

You can go online and download an amortization that is in spreadsheet format

You run that amortization that way and that really adds up.

Then amortize out the note the full 30 years and with the amortization each month, your

He had $12,000 in closing costs, I subtracted the $12,000, I ran a full amortization of

And I run a analysis, I run an amortization of the note,

And we run an amortization on the note, and we subtract the full amount from line 1400

and then run an amortization out of the note.

I can take the note and do an amortization on the note itself,

Okay, so what you do is you do an amortization and I've got a spreadsheet I do this with.

to it I do a second amortization.

does an amortization of the note.

But in the second set of calculations, I run an amortization of the truth and lending statement.

It's got the amortization.

and some of these products are subject to amortization with us. Feel free to get any call at 210-363-1257,

and interest that run an amortization.

Then I put in the amounts off of the Tuesday Lending Statement and run another amortization

And then run out the mortgage and run an amortization.

Well, I've tried to. So have you ran a calculation, an amortization of your mortgage to see what you should be paying or should owe?

Amortization, no.

Have someone do an amortization of your note and find out what your records say you should be,

I take a amortization schedule and a spreadsheet that lists out all the payments, principal,

And I run two side-by-side evaluations, one amortization.

I do an amortization with the HUD-1 not taken out like normal, and then I take out the amount

I need the note so that I can calculate principal and interest, plug those into the amortization.

And then I do an extra amortization where I amortize out the truth and lending statement.

Then what I want to see in that, if it's a fixed rate, then I'm going to run an amortization of the 6.25 at whatever the principle was.

You can go online and pull down an amortization schedule.

Have you done an amortization on the mortgage to see what it should be, or how long's it

Has you done an amortization to see how much he had paid down?

He's run an amortization on it.

They've got amortization programs on the internet, just look up one of them, put in start date,

and then we run an amortization on the mortgage

It was a negative amortization, and then it was changed a few years later to an adjustable monthly.

And I have another section where I can run an either a LIBOR or Treasury note amortization.

First thing it does is take the figures from the loan, the note, and does an amortization

So you calculate all that up and you subtract it, the third amortization in my sheet subtracts

Then we run the amortization and most of the times I think they designed it this way.

say we will recalculate the amortization with that added back in.

amortization and then the fraud jumps out at you and you say oh my goodness look at

about four documents, and I'll run you an assessment. I have a very large amortization tool

where I put in all of your amortization, all your information on your mortgage, and it tells me

subtract it from the original principle as an overpayment, and then run the amortization.

this much prove it up the way to take that on is to say i did an amortization of the mortgage

And then we do an amortization based on all of those fees as a overpayment on the first

So what you do is you take an amortization of your mortgage.

end, then all the fees they charge you, you do an amortization of the loan and take all

and then run out the complete amortization.

You run two amortizations, one the way they're telling you to pay it and one less all those

Do an amortization of that and then move over and do another amortization on this one.

Go online and pull down a spreadsheet amortization schedule.

I do the amortization schedule, and then I go to the HUD-1 settlement statement.

and then run an amortization on your note

and you run an amortization on them and say,

okay, according to my amortization on this day,

I'll run a calculation on them, I'll run an amortization on them

And we subtract it from the first payment as an overpayment and run a 30-year amortization

When you run an amortization, the amortization takes your input data, your principal and

So we take the amortization that has calculated the monthly payment based on the agreed to

And how we got our calculation of fraud is we ran an amortization on the note, just the

And then we took that amortization, and on the first payment, we added the full amount

And I do an amortization on it

And I do an actual amortization

Than the actual amortization

So, you take the amortization you've already done on the note

An amortization that shows that you're paying

I do a standard amortization. Then I've got a second one page that does an amortization

just from this amortization. So well, how you do it is you take the amount you would overpay,

So you do a normal amortization

And the first thing I do is do the amortization and make sure it zeroes out like it's supposed to

You can do an amortization schedule that will stipulate how much goes to interest, how much goes to principal.

This much goes to interest, this much goes to principal based on an amortization schedule.

Take the note, amortize it, compare their notice to what the amortization says.

I have an amortization schedule I built.

So, you go online and get an amortization schedule and you put the numbers in off the note and you run the numbers.

Insert those into an amortization schedule and run the numbers.

Okay, then you do an amortization and you take all of the amounts charged on the HUD-1 settlement statement.

From the original principal as an overpayment on the first payment on the note and run out the amortization.

I ran an amortization and on the first payment, instead of paying the payment amount,

So now the amortization is presuming the original mortgage amount, but you have decreased it.

Well, here is my amortization.

If you run an amortization that says this is what I should have paid and this is what my mortgage should be, prove that's not the case.

I need to run the amortization and submit this with the clerk as evidence for the hearing?

Here's my amortization.

Okay, when I submit the accounting of the amortization,

I'm running an amortization of the note, the truth and lending, the HUD one.

and the amortization is the fraud, they're not going to sit down with me.

interest term all the data and the first thing the first one runs a amortization on the loan.

They all have to say that and then we will run an amortization on the note

on the note and see if the amortization says you should pay the amount they're telling you to pay.

term we amortize that we run that through an amortization schedule and see what you should

Ninety percent of the time those don't match and then we run an amortization. If you pay

amortizations. The first one is truth and lending statement. The second one, we take the note.

get the bill they send you and compare it to your amortization.

the bank. Yeah, funny how that happens. Okay, then you go to the next one. Same amortization

same amortization as the one before, except the HUD-1 settlement statement.

to show how they got these numbers, these numbers are all bogus. And you run the amortization,

So, the amortization tool shows how much you would overpay at a 30-year mortgage.