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Information
Citi Bank Short Sale Information
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Authorization FAX: 866-675-5772
Short Sale Package FAX: 866-940-8125
Executive Response - 877-245-2511
Telephone: 866-272-4749 or 800-723-7906
Home Equity: 800-685-0935 Home Equity 3rd Party Fax: 866-940-8125
Citi Summary of Short Sale Process for Real Estate Agents
Email [email protected] or [email protected] or [email protected]
The SS Pack must include:
Workable Solutions Package (below)
Hardship Letter
Last 2 Pay Stubs (if self employed there is a list in the workable solutions package)
Last 2 COMPLETE Bank Statements
Last Tax return ALL pages
Listing Agreement
Contract
HUD1
Rinse and repeat
Email [email protected]
Workable Solutions Packet
Citi Arms Length Transaction Form
Citi Financial Worksheet
SAMPLE CITI APPROVAL LETTER -
sampleCitiApprovalLetter.pdf
ESCALATION: [email protected]
1(877) 245-2511 extension: 1804473
Discussion Forum
is city bank and city mortgage one in the same?
Started by johnna lodge. Last reply by Ben Benita Jun 5, 2016. 1 Reply 0 Likes
Citi Seems To Be Sleeping On This One
Started by Rita Legan. Last reply by Ben Benita Apr 18, 2016. 1 Reply 0 Likes
No Imminent Default??
Started by Shelby Hale. Last reply by Ben Benita Apr 12, 2016. 6 Replies 0 Likes
Comment Wall
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Comment by Pamela Ann Zyski on December 28, 2012 at 8:31am
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I was told to use this newer 3rd party form-updated.l%20of%20a%20Citi%2012%2028%2012.pdf
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Comment by Barrett Thomas on December 4, 2012 at 1:06pm
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Citi just transferred our formal approval letter received by Citi short sale to Bayview Loan Servicing. It's supposed to close in 2 weeks. Has anyone gone through this before? What can I expect?
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Comment by Paola Martinsen on November 27, 2012 at 4:59am
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Has anyone done a HAFA short sale with Citi recently that could share a copy of the ARASS with me? Even if its with another bank its ok. Thank you! You guys rock!!
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Comment by Kevin - Greenville, SC on November 26, 2012 at 9:04am
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Paola, That's correct.
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thank you Kevin! You are always so helpful :)
To clarify GSE are government backed loans such as Fannie and Freddie, correct?
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Paola, For non-GSE Loans it's $8500 max, for GSE Loans it's $6000 max.
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Hello! Does anybody know the current amount that HAFA allows towards a second mortgage?
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Comment by Kylee Roe on November 16, 2012 at 1:37pm
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Thanks everyone, this is ALL good info. At least we now know Citi is employing new "tools" to justify sales prices.. Or create more road bumps, but good info to have either way.
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Comment by Pattilynn Guilford on November 16, 2012 at 11:19am
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When value is an issue and being disputed Citi employs a 'Retail Market Value' appraisal and its usually spot on with the most recent comps. Not sure what their process is but they came in at exactly my comps. They started at $350K and ended at $210K - five BPOs and one Retail Market Value later.
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Comment by Thom Colby CA Brkr 888-391-5245 on November 16, 2012 at 9:44am
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@Tara - I think they are all pronouncing it differently - I believe what they are trying to say is "RECONCILED Market Value" which would be a reconciliation of what they are finding the value to be based on BPO, Appraisal, Zillow, etc.
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