If other financial hardship options haven't worked out and you'd be open to selling your home, a deed in lieu (DIL) may be the right move.
A DIL of foreclosure transfers the ownership of your home (the deed) to your mortgage lender, releasing you from your mortgage and payments. You can complete a DIL through your lender or through the Home Affordable Foreclosure Alternatives (HAFA) program.
You may qualify for a DIL if:
Contact Citi to find out if you're eligible for a DIL.
Have the following information ready to help speed up the process: