Short Sale with PNC Bank

By
Real Estate Broker Owner with Resident Team Realty, LLC & Toni's Property Management LLC

 

I am currently working a short sale and PNC Bank holds the second mortgage. Is there anyone out there that can give me some feed back with this lender? The file is currently being worked by a title company I have trusted with the negotiation. They tell me that the only way to correspond with PNC is to fax them and wait for a response. It has now been a week waiting as the first mortgage approval is running out. We also endured a foreclosure from the HOA. I was told the file was done after the foreclosure. So I called the attorney that handled the foreclosure as the HOA had the highest bid as there wasn't any interest. The informed me, although they are the new title holder of the property, they would hold the deed in escrow and proceed with the short sale and they would deed the home back to my clients, if and when PNC Bank agrees to the short sale.

All that said, I am looking for feed back from any of you that have dealt with PNC Mortgage. How did you communicate with them? I feel the title company is not showing the urgency that is needed, and not being truthful as to the process with PNC.

Thank you

 

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Realtors®
Sharing Information of Short Sales
Short Sale REALTORS®
Short Sale Specialists & Pre-Foreclosure Education
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pnc bank

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Mark Horan

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Additional Information


Real Estate information for Osceola, Kissimmee, Saint Cloud, and Orlando Florida. For Realtors and Consumers. visit www.residentteam.com
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About: Mark Horan is a licensed real estate agent and the broker/owner of Resident Team Realty, LLC and Toni's Property Management, LLC. He has lived and worked in Central Florida since 1986. He is a licensed Realtor with Osceola County Association of Realtors and the National Realtor Association. You can connect with him at mark@residentteam.com by calling 407-483-5534 or by visiting one of his social networking profiles: Google+ | Facebook | Twitter -- he is an active blogger and you can follow him at ResidentTeam.com - Blog | Resident Team Realty Home Seller's Resource | ActiveRain.com - Resident Team Realty Blog