Citi offer home owners opportunity to rent back their foreclosed home.

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Citi offer home owners opportunity to rent back their foreclosed home.

 

From DS News

CitiMortgage to Launch Home Rental Program as Foreclosure Alternative

CitiMortgage announced the launch of the Home Rental Program, a program designed to provide an alternative to foreclosure and allow eligible borrowers to stay in their homes. Under the program, the eligible borrower transfers ownership of the property to a vehicle established by Carrington Capital and its joint venture partner, Oaktree Capital Management, L.P. A lease will then be established for the property at a manageable monthly payment. » Read More

 

 

 

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