PNC Mortgage PNC Bank THE ONLY ONES THAT MADE OUT ON MY LOAN MODIFICATION! THEY MADE A KILLING OFF OF ME! CROOKS! Nationwide

I guess yes, PNC could have forclosed on the property!  My family could be thrown out on the street as well.  I did everything I could to prevent that.  I guess if I got laid off or left my job I would have qualified for more help.  Nice system we have!     

On my end there was a death in that family that caused the default in the mortgage.  There was also a financial crisis in this country that caused 7 to 8 million home owners to fall behind on their loans.  What I want to clarify is that there were a lot of people that made a lot of money off of my situation.  Starting from the bank, to the appraisers, and to the law firms.  They all got paid out of the equity on my home.  All I ended up with is a lower credit score preventing me from refinancing and a higher loan balance consuming most of the equity in the property.  

Thanks for nothing! 

Let me give you a little perspective here. 

You somehow are infering that it was ONLY because your mortgage was transfered to this "big evil bank" you are in this situation.  That is 100% FALSE, you have no idea how the other bank would have handled it.  You have no idea what their modification would have looked like, if they even did a modification. 

But the did nothing for you..right?

Then over this period of two years they could have foreclosed on you, after all you weren't making your payments.

But they didn't do anything for you...right?

Do you really think that they should be responsible for YOUR taxes and insurance?   You really think that they are making $100,000 off of you?

Of course not..that is money you owe to the insurance company and the government, that they apparently paid.  There is zero reason that a bank should be "on the hook" for any of that, and zero reason you should even be thinking that they would.  In fact be VERY thankful that they actually paid those things during this time.  As if they didn't pay things such as your taxes and you failed to pay them.  You wouldn't have to worry about the bank foreclosing on your house because the government would have just come in and taken it. 

But they did nothing for you..right?

Oh and if your comeback to this is, well I would have been better off if they just forclosed on me.  The simple response is then why don't you just let them? 

By the way before you come up with the "Well you must work for them".  Sorry, but I do not now or have I ever worked this or any other bank.  In fact I would have said the exact same thing regardless of what bank you put.

It was YOU who failed to do what you said you would do and that's make payments on time, everytime.  You contract does not say you get a pass for any reason and that's the same for all of us.  The reason why you didn't make payments doesn't matter.  What does matter is YOU failed to make those payments.  They could have simply foreclosed on you, but they didn't.  I guess crooks do that too.  Neither you, me or anyone else is ENTITLED to live in a mortgaged house without making the payments.

Oh yes, let me save you the effort.  Don't bother writing back claiming I must work for them, because I don't.

BOTTOM LINE:  They did cut you a break by not foreclosing on you.  Your complaint here is not a ripoff nor is it valid.