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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Citi loss mitigation successes outnumbering foreclosures in Florida

Florida home owners who have their mortgage serviced by Citi and are facing difficulties may find Citi's foreclosure prevention efforts useful. According to a recent report highlighting Citi's efforts over the second quarter of 2009, Citi's loss mitigation success and outnumbered foreclosures in Florida 13.7 to 1. In this same quarter Citi successfully worked with approximately 108,000 borrowers throughout the country.

If you are a Florida resident having trouble making your monthly obligation, Citi has a Homeowner Assistance web page that you should visit.

Citi mortgage assistance stats