Comment

Comment by Thom Colby CA Brkr 888-391-5245 on January 30, 2011 at 8:21am

Started a short sale with Citi on 10/11/2010 and closed it on 01/07/2011.  Citi was terrific to work with !

Comment by Cami Pinsak on January 30, 2011 at 7:55am

I have tried using jigsaw, with little luck at finding actual contacts for citi.  They seem to be adept at hiding.

Comment by Ricky D. Ostrom on January 30, 2011 at 5:04am

The Trent,

 

Try using JIGSAW.COM to find upper management in any company.

Comment by The Trent on January 30, 2011 at 4:43am

I have looked and looked, but can anyone tell if there is a place in this group where escalation contacts at Citi are posted??
If not that would be a suggestion as in my opinion that is wher most of the real negotiating is done & Citi is one of the hardest lenders for me to find good senior loss MIT contacts. Anyone???

Comment by Michael Schneider on January 30, 2011 at 4:41am

Depends on the investors and the sale price, in my experience.  I would think the harder part may be securing release and/or settlement of the GMAC 2nd. 

Comment by The Trent on January 30, 2011 at 4:40am

Damon. I echo Bryans comment. You should be able to get 3% buyers cc approved, with the exception of if the buyer is all cash. I generally see reluctance from most lenders to pay cc when offer is from cash buyer as they consider that an investor.

Comment by Bryant Tutas on January 30, 2011 at 12:29am

Damon. I have had no problem getting closing costs approved. Of course the cleaner the deal the easier the deal. If the buyer must have assistance just limited it to 3%.

Comment by Damon Gettier on January 29, 2011 at 3:44pm

I have a client with a Citi first for $175 and a GMAC 2nd for $75.  The sales price is going to end up between $150 and $160K.  Will Citi allow closing costs for the buyer?  I need to know before we counter this offer.

Comment by Wendy Rulnick on January 10, 2011 at 3:00am

Thanks, Marsha!  I'll put this on the main info box.

Comment by Marsha Umansky on January 9, 2011 at 1:59pm

1st%20lien%20WOP_CITI.doc

Here is the "latest" (dated 2004 ) version of the Financial Statement  form & intrustions that my client just received from CITI.

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