Posted by: Catherine | September 24, 2010

Citimortgage short sales in Contra Costa

I do many short sales, and when people call about doing a short sale on their home, it is very often one of the top lenders involved.  Today, it was Citimortgage.  I thought I’d post some information for those who may need to do a Citi short sale.  If you live in Contra Costa or Alameda Counties, I hope you’ll call me for help or resources. 

Citimortgage is pretty straight forward to deal with on short sales.  On first , purchase money loans, their short sale approval letters still, often, have deficiency forgiveness language – which is what you want.  Whether you have a first, second, equity line , or whatever with Citi, the process is mostly the same.

You can also visit Citi online for more information. Log on and get homeowner assistance from Citi HERE.

The items you need to gather for the short sale package are as follows:

Letter of Authorization
Workable Solutions Package completed (available to my clients)
Hardship Letter
Current Homeowner Policy
Delinquent tax and/or HOA information
Last 2 Pay Stubs (if self employed there is a list in the workable solutions package)
Last 2 COMPLETE Bank Statements
Last 2 years Federal Tax return (all schedules/pages)
Listing Agreement
Fully Executed Purchase Contract
Estimated HUD1

If you want to talk to Citimortgage about your options, you can call: 866-272-4749 for homeowner assistance.  They can tell you more about your options.  But if you need to list your home for sale and you’re in Contra Costa or Alameda County, I can help.

Catherine Myers, Broker Assoc
DRE 01337828
Windermere Bay Area Properties
catherine (at)

Contra Costa and Alameda County short sale specialty
Serving Walnut Creek, Concord, Clayton, Pleasant Hill, Martinez, Lafayette, Orinda, Moraga, San Ramon, Danville, Alamo, Dublin, Pleasanton, Sunol, Ruby Hill, Livermore, Antioch, Oakley, Brentwood, Discovery Bay, Pittsburg and Bay Point. 

I’m your short sale resource.  Referrals to attorney or tax help.  Always check with your attorney and CPA before proceeding with a short sales.  A short sale is not right for everyone and may have serious recourse, tax and credit consequences you need to be aware of.

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