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Citigroup Expands Loan Modification Program For Foreclosures

Posted 4 Feb 2009

The Citigroup new loan modification program has been expanded to include homeowners who need a loan modification as determined by the hardship letter and other related documentation.

Previously, for a homeowner to get a loan modification from Citigroup, they had to be 60 days late on their mortgage, and thus in a very bad situation.

With these new changes, it forces Citigroup to be more pro-active in their loan modifications and keep homeowners from going into default and reducing the overall foreclosure rate as a result.

For more information on the article, please head over to our site,loan modification help in Florida.