Citi Financial Mortgage Loan Modification
Citi Financial Mortgage is part of Citigroup, one of the world’s largest financial service companies. Citi Financial has been originating loans since 1912 and has over 2500 throughout North America. Besides mortgage loans, it has also started giving mortgage assistance to help defaulting borrowers avoid foreclosure.
One of the most common solutions is Citi Financial loan modification. Mortgage modification, as it is also called, allows people to stop foreclosure proceedings while negotiating better terms with the bank. The Citi Financial loan modification program allows an Adjustment of Terms (AOT), which lowers the borrower’s monthly payments and allows them to better manage their money.
Qualifications for a Citi Financial mortgage modification include a stable income, tax and financial statements, and a valid hardship such as medical emergencies, death in the family, and job loss or demotion. One can also work with a loan modification attorney, who will do the negotiations and use legal leverage to obtain better terms.
People who don’t qualify for a loan modification can look into other alternatives, such as a short sale or a deed-in-lieu. While they won’t keep borrowers in their homes, they can help save one’s credit and make it easier to get back on their feet.
Keep or Sell Your Home?
Not qualified or dont want to stay in your home? We can link you with a short sale specialist for a quick sale.
Other Debt Solutions
Not sure if Loan Modification is right for you? Find out about additional debt solutions offered by AttorneysForConsumers.com
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