Citi Mortgage To Let Troubled Homeowners Stay for 6 Months
Citi Mortgage To Let Troubled Homeowners Stay for 6 Months
By : The Associated Press
Feb 11, 2010
Citigroup Inc. plans to let homeowners on the verge of foreclosure stay in their homes for six months — if they turn over the deed to their property.
Citi said Thursday it is launching the pilot program, dubbed “Foreclosure Alternatives,” this week in Texas, Florida, Illinois, Michigan, New Jersey and Ohio. Initially, about 1,000 homeowners are expected to participate. Citi may expand the program nationwide.
The Pre-Foreclosure Decision: Top 10 Questions to Talk Over with Your Attorney
This is a re-post from an article that appeared in a monthly newsletter for the Arizona Area of Realtors earlier this year. What is so good about this article is that it clearly lists some very specific questions that every home owner should be asking when they are considering the decision on either attempting to modify their current mortgage or simply selling the house for Short Sale. If these are questions that you are seeking answers too, please call or contact our offices to schedule a consultation.
Re-Posted from AARNEWS . . .
When to Contact a Foreclosure Defense Attorney?
Foreclosure Defense Article:
How does one know when to contact a foreclosure defense attorney?
You know your job is coming to an end. They’ve already announced the layoffs. You only have one month left to get another job, or go on unemployment. If you do take unemployment how much would the monthly amount be? Chances are it won’t be enough to live on. You have exactly two months of mortgage payments socked away in the bank. Will you get another job? Does one panic now, or take a wait and see approach?