PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
Property Address:
Basil Kakis 132 Raymond St
548 Lakeview Evenue Rockville Centre NY 11570-2541
Rockville Centre, NY 11570
MOD: Mail
October 31, 2024 Account Number: 7131385945
Mortgagor(s): Basil Kakis
PAYOFF QUOTE
VALID THROUGH November 10, 2024
Dear Customer(s),
A payoff quote was requested for account number 7131385945. The total amount due is $514,349.49 , which will be valid
through November 10, 2024. After this date, please request a new payoff letter.
As of the date of this letter, the mortgage payment due on May 1, 2024 has not yet been received and is now past due. If the
payment was sent recently, please allow some time for the payment to reflect in our records.
Refer to the following pages for a detailed breakdown of this quote and for payment instructions.
Payoff funds should be sent by wire transfer, cashier's check, certified bank check, title company check, money order, attorney's
escrow check, MoneyGram or Western Union. Funds not remitted in one of these forms will be returned, and the payoff will not
be processed.
After receiving payoff funds, we will verify all amounts due and contact the issuer of the funds in the event of any discrepancies.
After the payoff funds have been applied and the account has been reconciled, any overpayment of funds will be returned to
the remitter through regular mail within 20 business days of the date the funds are received. Please allow additional time for
mailing.
For any questions, call us at the phone number listed above. We are available Monday through Friday from 8:00 am to 9:00 pm
and Saturday from 8:00 am to 5:00 pm ET.
Sincerely,
Loan Servicing
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
See below for a breakdown of the total amount required to pay off the account referenced above on or before November 10,
2024, as well as complete payoff instructions.
Important Note: If there is an escrow account associated with the mortgage for property taxes and insurance, we may need to
pay the tax and insurance bills before this payoff quote expires on November 10, 2024. Any additional disbursements made on
behalf of the mortgage will be added to the amounts due on payoff.
A lien release fee and a recording fee are the costs associated with paying off the account and formally documenting that the
lien is extinguished. A recording fee is charged by the county in which the property is located in order for them to record the lien
release document in the official county property records. A lien release fee is charged by the mortgage servicer pursuant to the
terms of the Security Instrument in order to prepare the lien release document. A lien release fee and recording fee will only be
charged when the loan is paid in full and as allowed by applicable law. A recording fee will be assessed in the amount of the
actual cost charged by the county which may vary at the time of recording. A lien release fee will be assessed in the amount
allowed by the Security Instrument.
Due Date of Monthly Payment: May 1, 2024
Interest Rate 3.00000 %
Principal $480,689.96
Interest $8,767.62
Escrow/Impound Overdraft $20,491.76
Unpaid Late Charges $447.15
Recoverable Balance $567.50
Recording Fee $625.50
Foreclosure Fee&cost $2,760.00
TOTAL PAYOFF AMOUNT DUE BY 11-10-2024 $514,349.49
Next Due Date 05-01-2024
Quoted Date 10-31-2024
Payoff Quote Expiration Date 11-10-2024
Original Principal Balance $480,000.00
Per Diem Interest $39.51
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
PAYOFF REQUIREMENTS AND CONDITIONS
Certified funds are required for payoff. Payoff funds must be provided via certified funds, such as bank wire transfer, cashier's
check, certified bank check, title company check, money order, attorney's escrow check, MoneyGram or Western Union.
Non-certified payments will not be accepted, and the payoff will not be processed.
HOW TO SUBMIT PAYOFF FUNDS
Bank wire transfers are preferred. Bank wire transfer is the fastest, safest and most convenient payment option. Because this is
the fastest option, it may also save money on per-diem interest.
To make a bank wire transfer, provide the information listed under payment methods to the remitting bank.
Be sure to always include the account holder's name, property address and account number on any remittance. If funds cannot
be wire transferred, send the payment in certified funds by overnight mail as shown below.
Details for bank wire transfer:
M & T Bank
1 MT Plaza, Buffalo, NY, 14203
ABA: 022000046 / Account Number: 9865548821
Credit to: PHH Mortgage Services
Mail certified funds via overnight mail to:
PHH Mortgage Services
Attn: Cashiering / Payoff Department
1661 Worthington Rd., Ste. 100,
ATTN: SV20
West Palm Beach, FL 33409
All checks and money orders should be made payable to PHH Mortgage Services. The mortgage account number,
accountholder's name and property address must be included on the front of any check or money order. For same-day
processing, wire transfer, check and money order payments must be received by 5:00 pm ET.
This payoff amount is subject to change. To the extent permitted by law, PHH reserves the right to correct any portion of this
statement at any time.
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
IMPORTANT NOTICES
· All balances are subject to change as a result of any transactions, the assessment of any fees or any costs being incurred
with respect to the account that occur prior to the application of payoff funds.
· Similarly, if any payments applied to this account within the 30 days prior to the date of this payoff quote are reversed for
any reason, including but not limited to insufficient funds or a stop payment being placed on a check, this payoff quote is
deemed invalid.
· If the account is currently subject to a foreclosure action, we will not delay or dismiss any pending foreclosure action while
awaiting your payoff payment. Additional attorney’s fees and costs may accrue between the date of this letter and the date
of payoff. In addition, these charges do not include additional advances that may be made after the date of this letter.
· Notice of continued Autopay enrollment: If the account is enrolled in automatic debit of the monthly mortgage payment
from your financial institution (Autopay), please be aware that the monthly payment will continue to debit each month until
you cancel or as of the date the account pays in full. Please contact us on the number listed above at least three business
days before the next scheduled withdrawal date if you wish to stop this service prior to the next scheduled withdrawal date.
· Overpayment or underpayment of payoff amount: After receiving payoff funds, we will verify all amounts due and contact
the issuer of the funds in the event of any discrepancies. The payoff amount does not include any applicable positive escrow
balance. After the payoff funds have been applied and the account has been reconciled, any overpayment of funds will be
returned to the issuer through regular mail within 20 business days of the date the funds are received. Escrow account
overages will be disbursed within 20 business days. Please allow additional time for mailing. Please be aware that to the
extent permitted by law, if the payoff funds received are less than the total amount necessary to pay the account in full, any
escrow funds remaining after payment of insurance and taxes due may be applied to the mortgage at payoff. In the event of
an underpayment of the required stated payoff funds, if the escrow funds are insufficient to pay the account in full, we will
return the funds and continue to accrue interest on the loan.
· Escrow disbursements will proceed until payoff funds are received: Issuing this payoff statement will not stop future
escrow disbursements. Property taxes or insurance may be paid after this quote is issued. If such disbursements create
escrow advances and change the amount due to satisfy the mortgage, this payoff quote will be deemed invalid.
· Attorney fees and costs: Attorney fees and costs for work performed may be included in the Total Payoff Amount Due
pursuant to the terms of the security instrument and as allowable under state law. The amounts included herein represent
those attorney fees and costs for work completed and invoiced or for work completed or anticipated to be completed as of
the Good Through Date or completion of payoff but not yet invoiced. If an attorney fee or cost will occur upon payoff, only
the confirmed fee will be assessed in the amount of the actual cost and will be charged when the loan is paid in full and as
allowed by applicable law.
· Past due fees still apply: If the account is past due, collection expenses and legal fees may be accruing.
· Per diem interest may change: If this is an adjustable rate mortgage, the per diem interest may change prior to payoff. The
new per diem interest will be applicable for the payoff as well.
· Mortgage insurance premium: If the account has mortgage insurance(MIP), the accountholder may also be required to pay
an additional month of MIP if the payment is received in the calendar month following the “Total Amount Due to Pay Loan
in Full” date.
\
· The security instrument (Deed of Trust or Mortgage) will be released after payoff: After receiving the entire payoff
amount, we will execute a release and discharge of the Deed of Trust/Mortgage and, if necessary, will file a withdrawal in
connection with any legal action that may have been taken with regards to this mortgage account.
· Please verify the Social Security number on file for tax reporting: Please visit our website at www.MortgageQuestions.com
to verify the Social Security number on file for the purposes of year-end tax reporting, if applicable.
· Wire Fee Notice: The wire fee is a charge for a payoff payment received through electronic means. If the payoff is not
received through electronic means, then the wire fee is not assessed. There are non-electronic payment options available
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
that do not result in a wire fee, including but not limited to, certified check. If the wire fee is assessed, then the fee is
nonrefundable.
For any questions, call us at the phone number listed above Monday through Friday from 8:00 am to 9:00 pm and Saturday from
8:00 am to 5:00 pm ET.
Sincerely,
Loan Servicing
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
*** ADDITIONAL DISCLOSURE ***
Loan No.: 7131385945
Mortgagor Name(s): Basil Kakis
Property Address: 132 Raymond St
Rockville Centre NY 11570-2541
The recoverable balance is comprised of the following fees/costs.
Default Administration Fees/Costs -$30.00
CORP ADV DEFAULT -$30.00
Foreclosure Attorney Fees/Costs $20,794.62
APPEARANCE FEE $250.00
ATTNY MAIL COSTS $38.06
CLERK'S FEE $840.00
COURT APPEARANCE $250.00
COURT COSTS $958.00
Civil Litigation $215.00
FC ATTY FEES $7,652.25
FILING FEES $40.05
LITIGATION FEES $5,099.00
MEDIATION FEE $250.00
Other $175.00
PROCESS FEE $2,837.26
Prepare Stipulation of Dismissal $250.00
RECORDING FEES $20.00
SKIP TRACE FEE $225.00
TITLE COSTS $1,277.50
TITLE REPORT $417.50
Loan Administration Fees/Costs -$250.00
CUSTOMER -$250.00
MISCELLANEOUS -$21,464.87
CAPPED MOD EXPEN -$21,464.87
Prior Servicer Fees/Costs $85.00
BPO $85.00
Property Preservation/Inspection/Valuation $1,432.75
Fees/Costs
INSPECTION FEE $1,432.75
Grand Total: $567.50
This payoff amount of other fees is itemized as follows:
Fee Description Assessed Paid
LATE CHARGE $689.86 $242.71
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
Fee Description Assessed Paid
PHONE/WEB PYMNT $67.50 $67.50
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PHH Mortgage Services |PO Box 24738 Tel: 1-877-744-2506
West Palm Beach FL 33416 Fax: 1-856-917-8300
Important Information
New York Borrowers
Exclusively for homeowners in New York, you may file complaints about your Servicer with the New York State Department of
Financial Services. You may also obtain further information from the New York State Department of Financial Services by calling
the Department’s Consumer Assistance Unit at 1-800-342-3736 or by visiting the Department’s website at www.dfs.ny.gov/.
PHH is exempt from registration with the Superintendent.
For New York City consumers, PHH has language access services available. This includes customer service options to speak with
someone in a language other than English and the ability to obtain a verbal translation of any correspondence. Also, translations
and descriptions of commonly-used debt collection terms are available in multiple languages on the Department’s website,
www.nyc.gov/dca.
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