Citibank Foreclosure Process, Loan and Mortgage Modification Programs
Customers only need to know one thing about Citibank loan modification applications. They have to make sure that they know all the necessary information about the loan modification program. Without enough knowledge to complete the application, this can cause the disapproval of the loan modification application. Before trying to apply for this, you should know how to do it the right way. It is best to make sure that you know the things needed before proceeding with the application. Do avoid common mistakes that people commit that cause their disapproval.
Citibank Foreclosure Assistance and Mortgage Modifications
Going To Sources of Wrong Information
People have this idea that the bank is also the same entity as the mortgage holder. The mortgage holder is basically in charge of handling mortgages receiving payment and monitoring it. This does not necessarily be the source of the loan. This can be only one entity most of the time but this is not usually the case. For the Citibank loan modification program application, it is very important to ensure that you are in the right department when you go there.
Common Application Mistakes
Never commit the mistake of submitting an incomplete loan modification application. This is the worst mistake that you can ever make. With all of the other applicants eyeing a loan modification approval, you should make sure that you do everything correctly. If the loan company finds an incomplete application, it will not be prioritized. Agents would want to approve someone who is serious in their application. Do keep in mind that you should have a complete application all the time.
The Need for Information
Personal details are often needed in these applications. When asked, you should be ready with the complete answer. The inability to completely state personal information will lessen chances of loan modification approval.
There are undeniably a lot of other people applying for loan modification from Citibank. This causes a lot of anomalies to the extent that documents are misplaced. To avoid this, you should be responsible to follow up the application. Do not be too demanding when following up but make them realize that you are serious with the loan modification program. Never erase calls and communications for future references.
With all of the common mistakes laid out, you will be able to provide a way to avoid these. Always be ready with the requirements that are needed. It will be easier to get approval for the loan modification.
399 Park Avenue
New York, NY 10043
The Citi Private Bank
153 East 53rd Street
16/ F, Zone 19
New York, NY 10022
U.S.A. (1-212) 559-9124 (1-212) 793-5906