Citigroup Inc. plans to let homeowners on the verge of foreclosure stay in their homes for six months — if they turn over the deed to their property. This is a part of their New Foreclosure alternatives program, and will result in a lesser hit to their credit score. Read more below:
Citigroup to give 6 month Grace period on foreclosures
Tuesday, February 16, 2010
Distressed homeowners get temporary reprieve
Labels:
alternative,
consideration,
credit score,
Foreclosure,
forgiveness,
Market,
mortgage,
Real Estate
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