Interesting News From Citimortgage
They have a link on their website for various loan modifications that they will allow if you are in default or in "eminent threat of default".
So sounds like the would do a short sale or some other loan modification before borrower defaulted.
Do you by chance have a direct link to the citibank info? THX
http://www.citimortgage.com/Mortgage/Home.do?page=hardship_assistance.
Good luck.