PNC

Good morning!

I got my first short sale listing with PNC and no second. Does borrower always have to sign the deficiency agreement? The loan amount is $305k and the MV is $60k with and HOA debt of aprox $5k.

Does anyone can give me an advice how to proceed with them? I read a lot of review that they are not easy to deal with.

Thanks.

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Permalink Reply by Wendy Rulnick on July 24, 2012 at 2:05am

Hi Maria - PNC may waive the deficiency. They may or may not be the investor on the loan, so it will depend. If they don't ask for a hardship letter - provide one anyway. They will negotiate.

Permalink Reply by Maria Cristina Esquibel on July 24, 2012 at 3:05am

thank you Wendy. I will submit a hardship letter of course.

Permalink Reply by Wendy Rulnick on July 24, 2012 at 3:24am

OK, and bring  it to their attention with a specific hardship waiver request. Good luck!

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