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Permalink Reply by Bryant Tutas on June 30, 2010 at 11:40am

Nope. Not true at all. I closed on a Citi last week. It was 35 days from listing to closing. We placed it under contract the same day it was listed. The sale was approved in 30 days and the buyer closed immediately. Complete release of lien and mortgage with a waiver of deficiency. I've closed several with Citi and it was never an issue.

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Permalink Reply by Mia Lutz on July 26, 2010 at 5:31pm

No.
That is not true.

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Permalink Reply by Angela Gandolfo on July 27, 2010 at 4:44am

No - I had Citi on a few Short Sales and have never been told that.

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Permalink Reply by James ferebee jr on December 27, 2010 at 6:19am

I have done at least 10 citi's in the past 2 years and never run into that one..

 

Jim

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Permalink Reply by Jeanne Dominguez on January 3, 2011 at 8:08pm

No that is not true for a short sale. I believe it is true for a deed in lieu that the home must be listed for sale for 90 days before a DIL would be considered. Maybe that's where you got that?

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Permalink Reply by Robin M. Willis on January 4, 2011 at 4:10am

I have had Citi's customer service reps tell many of their borrowers that, but have never found it to be true in practice.  I think they may be getting the requirements for a DIL confused with short sale requirements as Jeanne suggested.

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Permalink Reply by Jeanne Dominguez on January 4, 2011 at 4:31am

Yes, Robin.....I also find that if you are told one thing by one of the intake reps. and you believe it is incorrect, just say "thank you for your help". Then wait ten minutes to call back and talk to a totally different person who will hopefully get it "right".  :)

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