How the $25 Billion National Mortgage Settlement Killed Short Sales

short sale charlotte nc

In February, the Justice Department and 49 states Attorney’s General reached a settlement between themselves and the nation’s five largest mortgage servicers: Bank of America, Ally / GMAC, Citi, Chase, and Wells Fargo.  At the time, it was viewed as a monumental accomplishment for foreclosure abuses related to the robo-signing scandal, where banks forged signatures [...]

CitiMortgage Offering Select Borrowers $12000 after Short Sale

CitiMortgage

Following the move of Chase Bank, the Treasury Department’s HAFA program and the FHA, CitiMortgage is now offering select borrowers an average of $12,000 for completing a short sale this year.  That’s great news for homeowners with a Citi first mortgage that may be facing a financial hardship.  The goal is encourage homeowners that are [...]

CitiMortgage Short Sale Information

CitiMortgage

If you have a first or second mortgage with CitiMortgage, the first step to call their Homeownership Counseling team at 1-866-915-9417.  Citi makes it easy for homeowners to apply by completing and online application via their website although the Workable Solutions Packet is still accepted. The documents that you will need to provide: Copies of [...]