"Hello All, I want to let you know how this turned out and hopefully it will help others with this same question or problem. Just to remind everyone, this was a HELOC 2nd and the first was being paid in full so only short sale the HELOC…"
"Hi Top End! I did receive a notice from PNC that they will accept exactly 20% of the loan amount($28,000) to release the lien. They then go on to say:
The Short Sale - Settled offer for this loan has been Approved/Countered…"
"Thank you! I already submitted the paperwork and they said it was going to Quality Review. Is it too late to cross it out - will they send other paperwork where it could be crossed out or should I try to re-send it? Any…"
"Thank you! So you think that PNC will likely come after the Seller for the balance? Is there any strategy that you know of - where we can avoid this or get PNC to accept less? Other than filing BK? Thank you for responding!"
"Just wondering how this worked out? I have the same situation - a HELOC with PNC Bank where we should be able to give them about 20% of what the loan balance is. Client has been making regular on-time payments. The first trust is…"
"I have the same situation where the first will not be shorted, only the second. Would you recommend that they continue making their payments on the first, but stop paying the second? How would you proceed in terms of keeping the first…"
You should look through the tab for lender contact info on this website. I had the same issues with ocwen and I posted some suggestions on this site. You will also find information on how/who to escalate to. I had to escalate and they do…"
"I have had good luck with email@example.com. When I escalated to Ron Ferris - she is the one who contacted me.. then she had someone else take care of the issue who then became my main contact on the file. I also find it…"
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