Comment

Comment by Becky Martin on August 22, 2011 at 11:48am

Have one with 1st with PNC mortgage and 2nd with PNC Bank, Foreclosure Sale Date of 9/12....finally got 2nd to send for approval Friday but haven't heard back yet, 1st will not postpone sale date without approval on 2nd AND if they think we will be approved on the 1st....yikes one of those down to the wire deals:(

Comment by Pamela Lester on July 15, 2011 at 7:58am

I am just starting a short sale with PNC.  There is no second and this is not a  Fannie/Freddie loan.  Does anyone have any advice?

Comment by Karim Almandos on June 22, 2011 at 6:57am

It's been 5 weeks now i submitted the SS package, and every time i call they say can take up to 12 weeks to get an approval, any suggestion how to escalate the file?

Comment by Celeste ODea on June 14, 2011 at 6:34am

PNC wants $27650 to release 2nd that has already been charged off. BOA will pay $3000 but that's "not acceptable." Any suggestions? Borrower will not exceed a $5000 note. What about the charge off?

Comment by Stephen Shafer on June 13, 2011 at 3:18am

Anyone have an escalation phone number?

Comment by Alan Remigio on May 16, 2011 at 8:43am

An affidavit from seller and buyer, separately, stating no prior relationship and/or no relationship through family should be enough. Settlement agent will base his letter on the affidavits only. If agent still won't sign get another settlement agent, preferably an attorney with experience in the area.

Comment by Robert Boerner on May 16, 2011 at 8:21am

I am representing a buyer in a PNC SS transaction.  Their approval letter requires the settlement agent to certify an Arm's Length transaction.  Escrow won't sign the letter and PNC's negotiator is stating it is required and won't budge.  Anyone have any luck in getting that document waived with PNC?

Comment by Mark Vandervest on April 18, 2011 at 9:23am

I have read the bulk of posts, and do not see any success stories with PNC Bank.  Are there any out there?

Comment by Patti Lyles on April 5, 2011 at 4:33am

When did you write the letter?

Was was the amoun tof the PNC second?

Was it a Line of Credit?

When this stand off happens what do you do?

Comment by Oskar M Jonsson on April 4, 2011 at 4:13pm

Patti,

I had the same thing happen to my client.  They filed BK and then did the short sale.....the second loan (PNC) had been wiped out in the BK and they didn't want to release the lien less they got 12 or 15k.  The negotiator told that $3k was equivalent to nothing for PNC bank.  One of the their VP told me directly they rather take NOTHING then the $3k.  I couldn't even finish offering him a promissory note and he had already told me NO.  I wrote an email to the President of the Bank which he never responded to.  This is the absolute WORST bank I have ever dealt with.    I wish you all the best.

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