CitiMortgage Short Sale may relieve you from paying the balance amount of the mortgage you have on your property. But this also requires you to forgo your claim to the ownership of the property as it is now sold to a third party for an amount less than what you owe on the property. Nevertheless, a short sale is less damaging to your credit standing than a foreclosure and there is more likelihood of getting a new mortgage loan in near future.

Moreover, the process is simple but you need to supply accurate information and completed forms and other documents, which are integral parts of the package that the bank sends to you, in order to get your application approved. The CitiMortgage short sale department should be contacted for more details.

CitiMortgage Short Sale Department

The Office of Homeownership Preservation acts as the short sale department of the bank besides providing other solutions under homeowner assistance plan. The department is accessible via phone, fax and email, and there is also a mailing address, which is provided on the short sale package you would get from the bank. The complete contact details of the department are provided at the end of this article.
If you are an online customer you can sign on to your account and submit your information online. The professionals at the bank will review your financial situation and decide whether or not you are eligible for a short sale. Remember that a short sale is possible only when your home is worth less than the amount you owe.

CitiMortgage Short Sale Process

CitiMortgage short sale process for approval starts with your calling to the concerned department, i.e. the Office of Homeownership Preservation. Before making a call ensure that you have gathered enough documents to prove your financial hardship, such as last 2 months pay stubs, W2/tax return and the bank statements covering a period of last six months. Other requirements include a compelling hardship letter that should preferably be written in your own handwriting. Moreover, the hardship letter should explain clearly the present financial situation you are experiencing.

CitiMortgage Short Sale Package

The success of your application depends largely on how you convince the bank staff about your inability to pay mortgages and stay in your home. To obtain the CitiMortgage short sale package you need to log in to your account or contact a realtor providing such services. A realtor or registered real estate agent can also help you fill-out the forms correctly and complete the process taking into account every minute detail. Their supports are vital for a timely approval and assured success.

Here are the contact number and other details for CitiMortgage Short Sale Department.

Phone Number: 1-866-915-9417
Fax Number: 1-480-753-7832
Email Address: [email protected]