Help with PNC short sales.
Website: https://www.pnc.com/webapp/unsec/Homepage.do?siteArea=/PNCCorp/PNC/Home/Personal
Members: 388
Latest Activity: Jul 27, 2020
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Customer service 800-523-8654
FAX:
937-910-4009
MAIL:
PNC Mortgage
Attention: Central Receipts
HAMP Bldg 7 – B6-YM10-01-1
3232 Newmark Drive
Miamisburg, OH 45342
PNC HELOC Department:
Phone: 866-622-2657 FAX: 866-641-2691
We seem to be getting conflicting info on numbers. Try these as well.
Fax SS Package to: 937-910-4009 -- Takes 24 hours to make it through their imaging system. Then call: Jonathon 937-910-3327 (he's in PNC's 1st Lienholder Loss Mitigation dept.) He was very helpful for me. good luck
Here are updated Phone Numbers for PNC Mortgage:
SS Dept # is 888-224-4702
FX: 440-546-2201
FX: 937.910.4009
First Mortgage:800-523-8654
First Mortgage Letter of Authorization:937-910-3333
2nd Mortgage Collections: 866-622-2657 x 44700
ESCALATIONS:
PNC Twitter @PNCBank_Help
[email protected]
800-524-9995
PNC SHORT SALE DOCUMENTS LIBRARY
Process for Fannie Mae/Freddie Mac Hardship Assistance Review
Started by Deb Orth Jul 27, 2020. 0 Replies 0 Likes
Does anyone have a contact at PNC? Getting nowhere in response to submission of short sale package. Keep getting emails saying they have received the documents. Then they ask for the same docs…Continue
Started by Steve Doan. Last reply by Dean E Eshelman, CPA, CDPE, IRES Jan 23, 2017. 6 Replies 0 Likes
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…Continue
Started by Ashley Den Uyl. Last reply by Sandy Hermes Nov 23, 2015. 1 Reply 0 Likes
The property went to foreclosure sale in 8/20/15. Michigan is a redemption state so we have 6 months from 8/20/15 to complete the short sale. I received an offer on the property and submitted the…Continue
Tags: sale, escalation, second, first, redemption
Started by Sandy Hermes. Last reply by Kylee Roe Jun 1, 2015. 5 Replies 0 Likes
Intitated contact with PNC last October and let them know Seller was reaching out for short sale. He could see a new financial obligation that would exceed his mortgage payment beginning in Jan. They…Continue
Tags: on, loan, netproceeds, current, seller
Comment
Go to the Short Sale Superstar's home page and click on the bank link for PNC. The information is contained at the top of that link.
Thanks for the heads up.......
In order to get PNC to approve the short sale, my clients and I had to come up with a large payment. However, it was much lower than the amount originally requested by PNC. I found by letting my negotiator come back to me (it took about a week) that she was more amenable to negotiating on the amount.
Also, the PNC paperwork I had did not show that they wanted a hardship letter. Please make sure you submit one.
I have had no success in the past with PNC. I am now being asked to list a short sale. I see one positive post on PNC. Anyone else having any luck getting these closed?
PNC is one of the smaller banks
This just released from Realtor mag...............maybe this is why PNC sucks!
Patricia--I have had similar situations as SE Davis below, ranging from miserable to great, so I started a dialogue with the negotiator on the file that went great. I think I found out why there is such variability in the level of service. She worked in the Foreclosure Prevention Department of PNC BANK. I asked her for help on my other "miserable" files. She couldn't find my other files in her system. She later learned the reason she couldn't was that these other loans were with PNC MORTGAGE, which may as well be a completely different company as far as PNC is concerned. If I were you, I would call PNC and and determine whether you are dealing with PNC Mortgage or PNC Bank, so that you can prepare your client (and buyer) for a miserable experience or a good one. Good luck!
Responding to Patricia Bravo;
I advise strongly to read PNC Bank financial form focusing on Page 5 Letter B top of that page. Your seller clients must execute that document or PNC Bank will not review any package.
I've got several different experiences with PNC and those have ranged from "fabulous" to "miserable".
Last week I got a doc request that was so bizzare ".............................", I'll leave it at that.
Responding to Rick Booth;
I'm looking at a PNC Bank approval I recieved last month.
It clearly states "short sale approved" in the first paragraph.
This mortgage is an equity line subordinate lien. Perhaps that may have something to do with any variation of language that they may use.
Do the PNC short sale agreements specifically say they are a short sale approval? We have a"settlement" agreement which does not mention short sale anywhere. Trying to figure out if there is a difference.
PNC's Arm's Length Affidavit states -
2) There are no agreements, understandings or contracts between the parties that the Borrower will remain in the Mortgaged Premises as a tenant or later obtain title or ownership of the Mortgage Premises, except to the extent that the Borrower is permitted to remain as a tenant on the Mortgaged Premises for a short term, as is common and customary in the market but no longer than (90 days, in order to facilitate relocation.
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