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CitiMortgage paying borrowers $12,000 after a short sale

Both of us are able to pay now. You need your lender’s permission. From the bank’s point of view, a deed-in-lieu makes sense. It avoids the time and expense of foreclosing on the property, and.

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CitiMortgage paying borrowers $12,000 after a short sale HousingWire . housingwire.com CitiMortgage, the mortgage servicing arm of Citigroup (C: 41.50 +3.36%) is paying borrowers an average $12,000 after completing a short sale this year.

CitiMortgage, the mortgage servicing arm of Citigroup (C: 37.63 -0.97%) is paying borrowers an average $12,000 after completing a short sale this year alone. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more.

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CitiMortgage, the mortgage servicing arm of Citigroup (C: 37.63 -0.97%) is paying borrowers an average $12,000 after completing a short sale this year alone. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more.

Qualify to Buy a New Home: Fannie Mae guidelines, issued in August of 2008, say a borrower may immediately buy another home after a short sale if the borrower was never delinquent, complies with its "excessive prior mortgage delinquency policy," and is not obligated to repay the short sale lender, including a deficiency judgment.

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Before he could focus on trying with CitiMortgage again, however, he had to deal with the crisis that had developed with his business from his clients’ failure to pay. short sale (sell the house.

How to Find and Buy a Foreclosed Home CitiMortgage, the mortgage servicing arm of Citigroup is paying borrowers an average $12,000 after completing a short sale this year. Justin Rand, the senior vice president of loss mitigation at.

Citi just sent me an email that "Mortgage Insurance" denied the short sale, it appears the investor would like to allow the short sale, but "mortgage insurance" is saying "no way." Is there any way around this? Should I advise my sellers to stop paying their mortgage?