CitiMortgage has a new plan for those facing foreclosure.
Citi will allow those homeowners facing foreclosure as much as six months to stay in their homes providing they agree to hand over the deed to the property at that time. Citi will also pay the borrower at least $1000 for moving expenses.
The program is expected to save on major expenses, including large legal fees.
However, this program is NOT currently available in Nevada. If the pilot program works it will then be expanded to other states.