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Home » Store » News » CitiMortgage Tests New Foreclosure Alternative in Search for Solutions to Rising Credit Problems

CitiMortgage Tests New Foreclosure Alternative in Search for Solutions to Rising Credit Problems

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CitiMortgage is increasing its use of deed-in lieu of foreclosure transactions to help more distressed borrowers and limit the costs of completing foreclosures and reselling foreclosed homes. The Citi Foreclosure Alternatives Program was launched late last week with pilot efforts in Texas, Florida, Illinois, Michigan, New Jersey and Ohio. Citi expects this deed-in-lieu program...
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