Nations is the 1st, PNC is the 2nd - prior to that BoA was first - was under contract for $585k - BoA would have received a full pay-off if not for the added $117k fees but BoA accepted the offer but would only allow $8k to PNC (UPB was $226k) - PNC wanted $68k & said realtors, buyers or sellers could make up the difference!  Could not get PNC to budge & BoA would not pay more - deal was dead, taken off market. Now Nations acquired the note from BoA and wants seller to list the…

Well, I have read all the blogs on PNC Bank as 2nd lien holder and was hesitate to take this short sale listing, but myself and the borrower spoke with the PNC Bank Short Sale Dept before I ever listed the property and I was assured that they would settle for whatever the 1st lien holder offered and the deficiency judgment would be waived. Encouraged by this I listed the property last October and after several price reductions finally received an acceptable offer. BoA was onboard, they…