I was accepted into CitiMortgage's ProActive Short Sale program!!!

Real Estate Agent with RE/MAX Affiliates


RE/MAX corporate and CitiMortage have teamed-up to help expedite the short sale process and provide local homeowners with a "graceful exit" from their mortgage problems.  Here's an excerpt from the email:

"Dear Nicholas,

Congratulations! Because of your Short Sale training and expertise, you have been selected to participate in the CitiMortgage ProActive Short Sale program

The program is designed to assist families facing foreclosure with a viable alternative, and a more "graceful exit" through a Short Sale. In support of this program, the names of three local RE/MAX agents, who have a demonstrated expertise in Short Sales, will be provided to these homeowners. The homeowners may choose to contact one of those agents. 

The primary reason you have been selected to participate in this program is your demonstrated commitment to the Short Sale process. You should have either a CDPE designation, SFR certification or Five Star training, along with a proven high level of experience with Short Sale transactions. 

CitiMortgage has a dedicated team of agents who work with homeowners and real estate agents to facilitate Short Sale transactions. This team has the right to accept or reject any offers, and will attempt to provide a response to purchase offers within 72 hours of receiving all requested documentation, including a complete and signed offer contract. A sales commission of 6% will be paid for each closing and there are NO referral fees."



Has anyone else been accepted in their area?



Posted by


Nick Dailey (CDPE) - Short Sale & Investment Specialist - Northern Kentucky & Greater Cincinnati

Helping families in Northern Kentucky avoid foreclosure.  Northern Kentucky MLS listings of homes for sale.  

Website: www.NickDailey.com

Mobile Site: nickd.m.remax-ohio.com


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Larry Costa
Century 21 Classic Gold, Carver MA - Carver, MA
Realtor, MA Real Estate

Conratulations Nick! Like hitting the jackpot!

Feb 10, 2011 03:01 AM #1
Mark Peek
Roseville Rocklin Real Estate - Keller Williams - Roseville, CA
Peek Real Estate Group - Roseville CA Real Estate

I see many bank implementing the suggestion of Real Estate Agents for short sales but wonder how many sellers who are distrustful of their banks already will take their suggestion for an Agent.  Keep us informed.

Feb 12, 2011 07:16 AM #2
Nick Dailey
RE/MAX Affiliates - Union, KY
RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale

Mark - I thought about that too.  The program has just begun to get underway.  We'll see how it goes.  Can't hurt to be in front of distressed sellers with $0 in marketing costs though...

Feb 14, 2011 01:40 AM #3
Laura Coffey
Keller Williams VIP Properties - Valencia, CA
Keller Williams VIP Properties

Hi Nick,

Have you received further correspondence or leads regarding this? Being a Re/Max agent and accepted in the program myself I haven't heard anything else.

Anything you have to offer would be greatly appreciated. My email: Laura@Laura4homes.com

Mar 10, 2011 04:57 AM #4
Nick Dailey
RE/MAX Affiliates - Union, KY
RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale

Unfortunately, still nothing further here either.  From what I understand, it's still up to the owner to contact the Preferred Agent.  Citi will give them 3 names after a failed loan mod or other workout plan mod and they can choose who to call.  I know one of the other 2 agents also selected in my area and she has yet to receive any calls either.

Mar 10, 2011 10:30 AM #5
Ryan Frost
Compass Lending Solutions, LLC - Draper, UT

Congrats- That sounds like a good opportunity. Citimortgage rarely sells their servicing rights- a good marketing strategy may be to look up sales data from the time frame surrounding the peak of your market and see if you can locate deeds of trust where the lender is CitiMortgage. Knock those doors and introduce yourself, leave a card and be available to discuss your unique abilities. 

Mar 30, 2011 11:38 AM #6
Chris Vega, CDPE

Congratulations on your selection.  I agree with Ryan Frost's comment. Time to knock doors on those  homes that have CitiMorgage Loans. Ultimately, it is the homeowners choice.

May 19, 2011 08:35 AM #7
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Nick Dailey

RE/MAX: Northern Kentucky Real Estate - NKY MLS - Short Sale
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