Comment

Comment by TOP END Properties on April 2, 2013 at 4:14pm

They will approve prior to the 1st.  They will require a financial package.  Cross out and initial the Agreement to the Promissory Note section.

Comment by Victoria Frieberg on February 26, 2013 at 7:09am

beginning a file with pnc as the second, any track records out there?  they do not want anything from us until first is approved.

Comment by Evelyn Santiago on December 28, 2012 at 9:44am

What commission  are you getting approved for PNC?

Comment by SE Davis on December 13, 2012 at 1:05pm

Congratulations Patricia!

Just as important is the language in that written approval.

Did they approve it "as-submitted" with full agent commissions, no seller cash brought to closing, no seller promissory note after closing and FULL WAIVER of the default balance collection after closing?

Just curious.

Comment by Pamela Lester on November 23, 2012 at 7:37am

That's the frist bit of good news I have heard recently for PNC.  Thank you.

Comment by SE Davis on November 22, 2012 at 1:50am

Patricia;

PNC Bank has improved a great deal this year. I've acquired written short sale approvals from them anywhere from 1-2 weeks to less than 30 days. That turnaround timing starts from their full file acknowledgment and registration.

Most importantly their reps are using e-mail to communicate, on most files they are NOT demanding outrageous deficiency terms and they are returning last minute written approval adjustments & minor extensions in less than 72 hours.

Comment by Jessica Eisenhauer on September 24, 2012 at 11:19am

Looking for a phone number and fax for LOE for PNC 2nd Mortgages...  HELP? =)

 

Comment by Deidre St. Romain on September 18, 2012 at 5:38am

Ellen:  PNC is a real stickler when it comes to that.  It's almost like they don't want to do it at all.  Once you hit that 10 day trustee sale date it's over.  I'd be interested in hearing what others have to say about this.  Someone here posted that PNC Bank was a whole different operation than PNC Mortgage.  The one that I had was the same story and it was PNC Bank.  They would not let me sell it past that first postponement and they continued to postpone for a month at a time for six months before they actually foreclosed.  Let us know what happens.  sorry I could not be of help here.

Comment by Ellen Kirwan on September 18, 2012 at 5:33am

I have a short sale with PNC and they initially told me that they would not initiate a short sale because I was within 10 days of the trustee sale.  Got the trustee sale postponed for 9 days! but sent in the short sale package which they have.  Then got the trustee sale postponed for 2 weeks so now I'm within the 10 day requirement.  However, now they are saying I cannot do a short sale as it had to be within 10 days of the first trustee sale date!  They also said that this private investor does not participate in HAMP. 

Any ideas of what I can do at this point?  The next T/S is 10.1.

Thanks,

Comment by SE Davis on September 11, 2012 at 8:14am

Yes those PNC Bank links at the top of this page are mostly for loan modifications.

Here is the short sale form I have been required to use in the past by PNC Bank.

P NCSSPack1.pdf Pay special attention to page 5 Letter B in this attachment.

Then you will need this one. PNCArmsLengthTransactionNotice.pdf

And sometimes you'll need this new one they've come up with:

PNC%20GSE%20AUTH.pdf

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