Virginia Short Sale Specialist / Realtor - Certified Distrssed Property Expert (CDPE)

GreenTree Mortgage Short Sale in Bristow, VA

Simon Hahn Group is listing a short sale in Bristow, VA.  Contact us if you want to see this home.

10038 MOXLEYS FORD LN 

BRISTOW, VA 20136

Virginia Short Sales Specialist

We specialize in short sales in Bristow, VA (Prince Williams County).

703-662-1466

Chantilly VA Short Sale in Chantilly Park Condo

Simon Hahn Group is listing a short sale in Chantilly, VA (Chantilly Park Condo)

Bank:

Chase and CitiMortgage

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sales specialist

703-662-1466   

If you're considering a short sale in Chantilly, give us a call.  We are Chantilly VA Short Sales Specialist. 

CitiMortage Short Sale Success on Second Mortgage

I recently did a short sale involving CitiMortgage second mortgage.  This one took longer than other CitiMortgage second mortgage short sales.  It took about 4 months.  Nevertheless here's how the short sale demand letter looks like. 

  

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

703-662-1466

 

citimortgage short sale sucess, citimortgage second mortgage, citimortgage short sale approval letter on second mortgage trust lien

Citibank/Citimortgage Short Sale Demand/Approval Letter

Here's a Citimortgage short sale success story.  This short sale that was approved around Christmas time.  Since Citibank sent it as a Word file, I made a PDF copy of it.  

Download Citibank_approval

It's clean letter with no seller contribution or promissory note. In paragraph 5, it states the following:

Upon receipt of the NET PROCEEDS and a COPY OF THE FINAL SETTLEMENT STATEMENT(SIGNED), CitiMortgage, Inc. will give a full release and reconveyance of their loan as agreed and no deficiency judgment will be instituted.

Days for Approval: 67 days

Hardship: Moved out of area

Missed Payment: Yes

If you have CitiMortgage/Citibank mortgage and you are considering a short sale, please call me for private consultation.  I have been involved in close to 10 CitiMortgage/Citibank short sale. 

Simon Hahn - Keller Williams Realty

Virginia, Maryland, Washington DC short sale specialist

703-662-1466

Citibank short sale specialist, Citimortgage short sale specialist, Virginia short sale specialist expert, citimortgage short sale success

Citigroup Suspends Foreclosures for the Holidays

Click here to view full article in USA Today. 

Citigroup will provide temporary break for close to 4,000 borrowers during the holiday season by suspending foreclosures and evictions for 30 days.  Citigroup is also working on some "long-term fundamentals".

From my personal experience, I have seen borrowers staying in their homes for close to 2 years without making a payment.  2 years is the longest that I have seen.  

Let me say this, the banks don't want you to foreclose.  They would much rather work out an alternative plan whether it be loan modification, short sale, etc.  My advice has been unless the bank lowers the principle balance, loan modification is usually a temporary fix.  For most, short sales seem to be the best solution.  I have done over half dozen short sales involving CitiMortgage so give me a call if you have any questions about short sales.  My direct number is 703-662-1466. 

CitiMortgage/Citibank Short Sale Demand/Approval Letter for Second Trust

I received a phone call couple days ago from someone asking about dealing with CitiMortgage colllections attorney.  No one in the transaction knows what's happening with the short sale.  With CitiMortgage second trust (like most banks), the account goes into the recovery department after 180 days of non-payment.  When this happens, you can either deal with CitiMortgage recovery department or some collections attorney.  The former is desirable.  Once it goes to collections attorney, it's much harder to negotiate.  My advice to anyone doing short sale with CitiMortgage second trust, make sure you don't go 180 days without making a payment.  When it goes to recovery department, it takes lot more work.  You can see here that the demand/approval letter was prepared by the collections attorney.

If you have a second trust swith CitiMortgage and you have been missing payments, make sure your agent/negotiator/attorney stay on tops of things. If you have any questions concerning CitiMortage or any short sale, feel free to call me at 703-662-1466.

CitiMortgage Citibank Recovery Department Short Sale Demand Letter Collections Attorney

Indymac Short Sale in Sterling (Dominion Station), VA

The Simon Hahn Group of Keller Williams Realty is listing an IndyMac short sale in Sterling, VA.

Property:

21851 Locomotive Ter #301

Sterling, VA 20166

Click here for MLS info.   

Price:

$190,000

Bank:

IndyMac (1st)

CitiMortgage (2nd)

Listing Agent:

Listing agent has been doing short sales since 2007. Listing agent is CDPE (Certified Distressed Property Expert) who specializes in short sales.   

Note to Buyer's Agent and Buyer(s):

• We will submit the best offer to the bank.  Others will be back up.    
• Short Sale is being professionally negotiated
• Seller prefers Wreath Title in Vienna, VA.   This will make this short sale smoother.
• Please use Short Sale Contingency Addendum to Regional Sales Contract & Information for Purchasers Concerning Short Sales.
• Remember this is an "AS-IS" contract so please use NVAR Contingency Addendum.
• Please make sure to include a pre-approval letter and copy of earnest money check. 
• Please send proof of funds for down payment.  
• Seller will not pay for home warranty.
• Please be willing to wait few months.  If you can't, this short sale is not for you.
• Please call Simon Hahn at 703-662-1466 or email him with any questions.

  

Simon Hahn - Keller Williams Realty

Certified Distressed Property Expert

Indymac Short Sale Specialist

CitiMortgage Sale Sale Specialist

Sterling, VA Short Sale Specialist

CitiMortgage/Citibank Short Sale Demand/Approval Letter

Here's a sample Citimortgage short sale demand/"approval" letter.  Look at paragraph 4 which states that the Citimortgage will not pursue remaining of the balance.  It's a good letter. I'll try to post few more Citimortage short sale letters in the coming weeks.  If you have Citimortage loan and you considering doing a short sale, contact us by email us or calling us at 703-401-0571.