ED Magedson – Founder
PNC BankP.O banking malfeasance Dayton Ohio
We bought a house in Kentucky through PNC bank. Due to a job going sour we were forced to move back to California. We received a modification from PNC and were able to pay the note on the house by renting it out for a couple of years. When the tenant left we could not pay the mortgage.
While trying for another modification, we tried to sell the place but PNC rejected the offer as being too low. We requested a Deed in lieu of. They denied the deed in lieu of. PNC purchased the place at $274,000. Now the place in back on the market for $245,000. The actual price of the offer they rejected. They sent us a 1099 for $271,000.
They did not pay off the second. They had even received a letter from the bank that holds the second (PNC) that they would accept a $6,000 pay off. Talk about running rough shod over common decency and probably some banking laws.
This report was posted on Ripoff Report on 02/03/2014 04:41 AM and is a permanent record located here: http://www.ripoffreport.com/r/PNC-BankPO/Dayton-Ohio-45401-1820/PNC-BankPO-banking-malfeasance-Dayton-Ohio-1120378. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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