ED Magedson – Founder
CITIMORTGAGEInternet United States of America
DEC 10, 2010
Loan Modification with CitiMortgage.
When I first applied for a loan modification with CitiMortgage in December 2009 my payments weren't in arrears. Cit;y Mortgage informed me that I could begin the trial modification period and make modified interest payments . CitiMortgage told me this without disclosing the possibility of negative consequences to my mortgage payment history, and under the expectation that I would receive a permanent modification under the HAMP or other CitiMortgage loan modification program there after I was sent a letter and a phone call telling me that I was in 4 month probation and that I had to make modification payments of $713.00 on time for the modification to be complete. Several letters were sent to me telling me that more of my personal information was needed. I sent the information and payment that was requested each month until October 2010 the same information was requested and I therefore sent the requested information and payments each time. Then I got letter telling me that they sold the loan to IBM to be final on November 1 2010 they were still sending me request for info as late as October 28, 2010. On November 1, 2010 , I called IBM and they told me to call back in a week because they didn't have all my paper work yet. On the 3rd of November [after the loan had been transferred] I get a letter from CitiMortgage saying I was denied loan modification and another letter saying I owed $16,000.00 (plus) - due by December or I would be in default. Now I can no longer talk with CitiMortgage, I have to talk to IBM! IBM says I owe them $14,000. in back payments due by December 16, 2010. I wasn't behind when I went into this Loan Modification to begin with. Now after following all the instructions to the " T" their telling me that I must come up with $$$$$$$ or lose my house after doing just what they said make only the modification payments of $713.00 per mo. IBM now wants me to reapply through them (IBM) for thier loan modification. What should I do now? I'm afraid to ask for any more help after what I'm going through now.
This report was posted on Ripoff Report on 12/10/2010 11:26 PM and is a permanent record located here: http://www.ripoffreport.com/r/CITIMORTGAGE/internet/CITIMORTGAGE-CITIMORTGAGE-PUT-ME-IN-DEFAULT-Internet-670380. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content
If you would like to see more Rip-off Reports on this company/individual, search here:Search Tips
In order to assure the best results in your search:
Advertisers above have met our
strict standards for business conduct.