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Old 11-05-2009, 04:28 PM   #10 (permalink)
Evan Bedard
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Re: Short Sale - CitiMortage 1st/Citibank 2nd

Quote:
So its off to underwriting exactly 40 days after submittal. Wish me luck!
Wow I cannot believe how smooth and quick the process has been coming along.

In the short sales I have seen go through the lender will generally still issue a 1099 for the deficiency balance. Hopefully you can negotiate and get them to report the debt as paid in full.

Good luck and keep us posted on your results.
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