CitiMortgage paying borrowers $12,000 after a short sale

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Effective immediately for transactions closing escrow from this day forward, both senior and junior lienholders cannot require a borrower to owe or pay for a deficiency in a short sale. This law also prohibits any deficiency judgment to be requested or rendered for senior or junior liens after a short sale of one-to-four residential units.

US Bank's 90 Day Short Sale Marketing Plan The HAFA short sale program, effective from April 5, 2010, through December 31, 2016, was touted as the answer to every short sale agent’s nightmare. However HAFA is over. It accepted no new new applications after January 1, 2017, and existing files needed to close by September 30, 2017.

 · sold today in a short sale or foreclosure, after paying off our 1st mortgage, there would be nothing left for the 2nd. I offered to settle with them by paying $9,000 for my $119,000 loan. It seemed impossible, but worth a shot. A few weeks later, they called and countered. They offered $12,000 and I took it! I wired in the $12,000 and within a

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(The check will be paid to you by the settlement agent as part of the closing.) In the event there is any money left over from the sale after paying the entire amount you owe on the mortgage plus the approved sale costs, you will not be eligible to receive the $3,000. To Participate in the Short Sale Program

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Citimortgage Short Sale – citi short sale. Our experience comes from completing 100’s of short sales and one of our "favorite" (if you can call it a favorite, we don’t like the short sale process) is Citi short sales.. careful when you visit their website, they suggest a Deed-in-lieu, which for a Citi Short Sale in GA, is the same as a foreclosure, just minus the legal process.

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The Government’s H.A.F.A.® Program benefits borrowers who short sale their homes. On the official government website for H.A.F.A.®, it simply states the following:. Citimortgage- Citi may offer up to $12,000 as a short sale incentive on properties where Citi owns the loan. There are a variety of guidelines that determine how much a.