Comment

Comment by Kevin - Greenville, SC on January 8, 2012 at 12:12am

Daniel, No way to know as it's really case by case.  I would submit ASAP!

Comment by Daniel Sandoval on January 8, 2012 at 12:09am

hello what is the time policy to submit a short sale..we have a sale date on jan 20...would they accept my short sale if i submit on monday..please advice..

Comment by Miguel Murcia on October 20, 2011 at 4:45pm

Thank you Angela and Kevin,

things have only become more complicated.

I was able to contact Citimortgage and, more amazing, got a CALL back.  I was informed that Citi was the owner but the servicer was Penny Mac Servicing.  I went to Penny's website, looked for the house but it isn't REO yet (I new that).  Meanwhile, by looking at the county records, I was able to find out the attorney representing the owner of the house.  I called and, again, I was surprised when they gave me information.  The owner had filed for bankruptcy and given back the house to Citi (Penny Mac)  I could not find a record for the bankruptcy nor the transfer or certificate of sale in the name of the bank (still showing under the owner's name)  So, the house sits empty, decaying; and the lender doesn't even have a clue that they own this asset. It's sickening.

Comment by Kevin - Greenville, SC on October 20, 2011 at 1:11pm

Miguel,  You would also need the current Owner(s) and/or Mortgagor(s) cooperation.

Comment by Angela Alfe on October 20, 2011 at 1:08pm

Miguel, if a foreclosure was filed, but never completed (meaning the house didn't go to auction), you could still attempt a short sale.

Comment by Jennifer Young on October 20, 2011 at 1:03pm

New Citi Short Sale Approval this week...and buyer walked. Interesting timeline on this one and we're working to find new buyer. Thought I would share Roundhill, VA Citi Short Sale Approved.

Thanks, Jennifer

Comment by Miguel Murcia on October 9, 2011 at 2:25pm

Hello all.  I know of a property that has been in foreclosure since 4/28/08 (when Lis was filed by Citimortgage)  The property was scheduled for auction on 7/16/09, but was cancelled (I think it was because the attorney for Citi was David Stern, Mr. robosigner) The property is vacant, under the original owner's name, basically in limbo.  Does anybody have any suggestions?  I have a buyer for the house, but I guess it's too late for a short sale?  Thanks,  Miguel

Comment by Sara Mehrpouyan Los Angeles CDPE on June 28, 2011 at 3:35pm

Hello. I have requested an extension for closing on a Short Sale with Citimortgage - both loans are with them and I was told that Citi is the investor. I'm waiting to hear back from the negotiator. We are not able to close on the approval date because of loan closing timeline. Does anyone have any higher up contacts just in case?? I tried the Executive Response Unit and she said she can do NOTHING. Appreciate any info. Thanks.

Comment by Aldo Figueroa - Maryland CDPE on June 22, 2011 at 11:31am

Hi Sara, this might come too late but, yes, I have been charged a $75 per diem fee for each day after closing. However, I got the negotiator to remove it when I asked for an extension.

Comment by Sara Mehrpouyan Los Angeles CDPE on May 24, 2011 at 12:23pm

Hi all. Has anyone had Citi charge per diem on an extension for closing on a short sale? Thanks.

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