Citigroup continues progress in its efforts to help distressed homeowners avoid potential foreclosure

As a homeowner facing hard financial times you need to be aware that you have other choices other than foreclosure or short selling your home. For example Citigroup recently announced that they were able to help homeowners avoid foreclosure through their loss mitigation services nearly 15-1 during the recent quarter. According to the report options offered by Citi that homeowners made use of included:

• Modifications
• Extensions
• Forbearances
• Reinstatements

Sanjiv Das, President and Chief Executive Officer of CitiMortgage, "We recognize the difficulties that homeowners face in the current economic environment and our number one priority is to help keep homeownership a reality for our customers who find themselves in financial distress."

Are you behind on your Citi mortgage? You should contact Citi immediately and talk to them about your options. Visit Citi's homeowner assistance information page for more information.

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