"@ Steve @Elizabeth @Timothy -- good to know. I too am starting a FreddieMac / Stonegate Mortgage first and PNC second. PNC only 34,000. Plenty of equity to cover the first. But with foreclosure date 2/23, might have to do a fire sale to get a…"
"PNC is in the 2nd position and therefore highly unlikely they will foreclose only to inherit a first in foreclosure...but I agree, we dont know what is going on in the background....
I have done many short sales with PNC as well as loan mods and…"
"The problem is you can't fathom how PNC would rather take $0 and be foreclosed upon. Your thinking is too linear. Too rational. Imagine a process in which the servicer gets paid to foreclose, and you are moving closer to the truth.
"I have dealt with this person in the past -- it's worth a shot --- Good Luck!
Michael J. Walsh Senior Mortgage Operations Closer PNC Mortgage, A Division of PNC Bank, NA PNC Financial Services Group 3232 Newmark Dr. (B5-YM09-02-2)…"
Hello all. Have a short sale, home value is in the low 700's. PNC is in the second position and there is decent amount of equity beyond the 1st. Having the home on the market for going on a year we submitted a very solid offer that would net the bank over $145K however PNC is demanding $245K which would price this $700K home at over $800K. The negotiator for PNC might as well be a brick wall.Anyone have a contact to escalate the issue with? I cant fathom how PNC would rather take $0 (no…See More
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