Posted on: 07th Jun, 2010 12:55 pm
Has any one done a loan mode with citi mortgage, and how long did it take..any tips?
Hi fnavarro!
Welcome to forums!
Well... I don't have any personal experience with Citi regarding modification of the loan. However, as far as I know, it will take quite some time for the lender to complete the process of loan modification. You will have to be in constant touch with the lender and provide him with the required documents that he wants. If you meet the required criteria, you will get a trial modification plan for 3 months. If you successfully pay off the dues during this period, then the lender will consider you for a permanent modification.
Feel free to ask if you've further queries.
Sussane
Welcome to forums!
Well... I don't have any personal experience with Citi regarding modification of the loan. However, as far as I know, it will take quite some time for the lender to complete the process of loan modification. You will have to be in constant touch with the lender and provide him with the required documents that he wants. If you meet the required criteria, you will get a trial modification plan for 3 months. If you successfully pay off the dues during this period, then the lender will consider you for a permanent modification.
Feel free to ask if you've further queries.
Sussane