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CitiMortgage, the mortgage servicing arm of Citigroup (C: 41.50 +3.36%) is paying borrowers an average $12,000 after completing a short sale this year. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more of an emphasis on streamlining the process and pursuing a short sale ahead of foreclosure.

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However, if your agent hasn’t found any houses you want to buy after. for sale with an excellent real estate agent. My problem is the mortgage balance exceeds the condo’s market value by about.

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CitiMortgage, the mortgage servicing arm of Citigroup (C: 37.63 -0.97%) is paying borrowers an average $12,000 after completing a short sale this year alone. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more.

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In January 2009, he lost his public affairs job, began drawing on his savings and, in April 2009, after the. to stop paying the mortgage and try to sell his condo in a short sale, in which a.

CitiMortgage, the mortgage servicing arm of Citigroup (C: 37.63 -0.97%) is paying borrowers an average $12,000 after completing a short sale this year alone. Justin Rand, the senior vice president of loss mitigation at the bank, said servicers are putting more.

Citi Mortgage By signing over the deed instead (in lieu) of experiencing foreclosure, you are transferring ownership to CitiMortgage. Once the Deed In Lieu is completed, you are released from your mortgage obligation to CitiMortgage. This may be available if you owe more than your property’s market value. Short Sale.