If you are unemployed and have a loan with Citigroup this may be of interest to you.

It is reported by Associated Press that Citigroup has announced that it will lower mortgage payments for some homeowners to an average of $500 a month for three months as part of a new program to help the unemployed.

Customers who may qualify for this assistance include those that are 60 days or more past due on their mortgages or in foreclosure, can pay the reduced amount and have a first mortgage loan that meets certain specifications.

The New York-based Citigroup Inc. says if customers are still without jobs after three months their mortgages will be handled on a case by case basis to come up with the best payment option.

Homeowner Unemployment Assist is geared toward helping people avoid foreclosure.

There is a lot of free information available to you about buying, selling or investing in Salt Lake City Utah real estate. For information thats about the Salt Lake City Utah real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Salt Lake City Utah real estate. So please feel free to contact me with any of your mortgage  and real estate questions and I will me more than glad to answer your queries. Call me on my cell at 801-518-4599 or email me at kathyo@kathyohomes.com.

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