CitiMortgage Foreclosure in New York — Don't Face It Alone

CitiMortgage (the residential mortgage division of Citibank) has been scaling back its mortgage servicing portfolio in recent years, but remains the servicer for a significant number of New York homeowners. If Citi is your servicer and you've received a foreclosure notice or are falling behind, here's what to know.

CitiMortgage in New York: The Basics

Citibank, N.A. services its own originated loans as well as some acquired portfolios. In New York, CitiMortgage files are subject to the same judicial foreclosure process as all other servicers — they must sue in New York Supreme Court, attend mandatory settlement conferences, and follow NY's mandatory settlement conference process before a sale date can be set.

This judicial process is your protection. It takes time, and that time is your window to act.

Loss Mitigation Options with CitiMortgage

Loan Modification — CitiMortgage participates in its own proprietary programs as well as Fannie Mae and Freddie Mac modification programs if your loan is agency-backed. A complete financial package is required: hardship letter, tax returns, bank statements, pay stubs (or self-employment documentation), and mortgage statements.

Short Sale — Citi has a defined short sale process and will consider applications from homeowners who cannot sustain a mortgage even with modification. Their process involves a Broker Price Opinion (BPO) and investor approval.

Forbearance / Deferment — For temporary hardships, Citi may approve a forbearance or payment deferment plan.

The Citi Settlement Conference Process

Citi is required to participate in New York's mandatory foreclosure settlement conferences — court-supervised sessions designed to help parties reach a loss mitigation agreement. These conferences happen early in the foreclosure case, before a judgment is entered, and represent a real opportunity to negotiate.

Coming prepared to these conferences — with a complete financial package, a clear picture of your situation, and knowledge of what programs you qualify for — makes a meaningful difference in outcomes.

How We Help with CitiMortgage Files

  • Situation assessment: keep the home or sell? Which path and which program?

  • Complete financial package preparation tailored to CitiMortgage's requirements

  • Direct communication with Citi loss mitigation on your behalf

  • Settlement conference preparation and coordination with your attorney

  • Coordination with licensed NY attorneys for all court-related matters

No upfront fees. We are compensated only at resolution.

Call (646) 600-5995 or submit the form below.

Results depend on lender, investor, and court approval. No specific outcome is guaranteed. ProForeclosure.com is not affiliated with or endorsed by CitiMortgage or Citibank, N.A. We are not attorneys. NY residents: free housing counseling at 800-342-3736. No upfront fees per FTC MARS Rule. 3-day right to cancel per NY GBL §265-b.