Debt Negotiation Zone » loan modification letter http://debtnegotiationzone.com Debt Negotiation Fri, 19 Aug 2011 22:59:35 +0000 en hourly 1 http://wordpress.org/?v=3.2.1 How Do I Get A Citimortgage Loan Modification? http://debtnegotiationzone.com/how-do-i-get-a-citimortgage-loan-modification/ http://debtnegotiationzone.com/how-do-i-get-a-citimortgage-loan-modification/#comments Fri, 20 Feb 2009 15:34:00 +0000 admin http://debtnegotiationzone.com/?p=523 If you have a loan with CitiMortgage and are having trouble keeping up on your mortgage payment, you may be eligible for a loan modification with Citi.  The first step is to call the loss mitigation department at Citi Mortgage and see what you need to do to get the mortgage loan modification process started.

Citimortgage Loan Modification Requirements

You will need to provide Citi Mortgage specification information about your financial situation including pay stubs, tax returns, bank statements as well as a mortgage modification letter.  The mortgage modification letter will inform the bank as to the circumstances that got you in a position to ask for a loan modification.  If you have not income or make too much money, don’t be surprised if you are declined.  A mortgage modification is only for borrowers with legitimate hardships and are facing a foreclosure.  Just because the value of your home went down doesn’t mean that you will be eligible for a loan modification.  If you buy stock and the price goes down, you probably wouldn’t call your stock broker.  That is the same risk when you buy a home.  Owning a home does not guarantee you that you will have appreciation.

]]> http://debtnegotiationzone.com/how-do-i-get-a-citimortgage-loan-modification/feed/ 0