Home > Lawsuits > PNC Bank Faces Mortgage Financing Class Action
PNC Bank Faces Mortgage Financing Class Action
March 24 2011
Alexandria, VA: A class action lawsuit has been filed alleging violations of federal banking law by PNC Bank, N.A., as successor to National City Bank. The case can be found as case number 1:10-cv-01090-AJT in the Eastern District US district Court, Alexandria, Virginia.
The lawsuit arises from allegations that PNC Bank employed an arbitrary and blanket prohibition against subrogating second mortgages to new or modified senior mortgages secured by non-PNC liens. The complaint states claims for violations of the Bank Holding Company Acts anti-tying provisions and seeks compensatory, statutory, and treble damages on behalf of PNC Banks customers who were precluded from refinancing their first mortgages except on PNC Banks terms.
PNC Bank Mortgage Fraud Class Action Legal Help
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Posted by Mike Alex Ahmed & Sarita Devi Maharaj-Ahmed
Our Original Loan was with National City Mortgage after merging, our loan was to be modified - they refused to take payments since the temporary loan from construction loan was up, took like a year for approval on a new loan. All headaches with this process, need and that needed, I thought I was going to lose our home we designed and had built. We emailed where do we send our payments the reply was their Title Company will not accept you, there are liens on the home. No problem, you are in 1st postion (National City Mortgage is - PNC is not) This is why they want to do Title again. They have us in FORECLOSURE. They have Transferred Title to NW Trustee in Washington. How can they do this. They are not interested in any way of helping the consumer. I would like to join any type of class action suit that PNC will have due to their unfair practices as a Consumer.
Posted by Jennifer Gomaa
We where turned down for Mod. Yet it took them a year and longer kept saying papers where not turn in THAT WAS A LIE. So we kept asking can we pay something THEY TOLD ME NO I was not eatting sleeping my family went though hell
Posted by Al Burns
In May of 2013 the British Company I had been working for decided to do away with my position. Trying to do what I thought was right I contacted PNC, and advised them that I had been laid off, and that I would still be making my payments, however I felt I should notify them. Under their request I submitted for a refinance (in which they told me not to make my payments for 2 months) and then they refinanced my 30 year mortgage for 40 years at a higher interest rate.
I have taken the last three years to crawl out of the hole this lay off put me in, I will soon be looking for a new mortgage company and would not recommend anyone finance a home with PNC. Like many of the big banks, they are greedy and want only the biggest return.
Posted by John Foster
PNC Bank purchased RBC in March of 2013 and after closing the deal with RBC my loans were called. Soon after I made contact, PNC Bank started foreclosing on my properties thus forcing me to file chapter 11. I never, never received any kind of notices about payments due nor did I know what my payments were. PNC went months before returning my calls regarding my inquire into my loan status
Posted by David Heckendorn
I see all of these similar stories to mine of PNC fraudulent practices but now what?
Seems like a class action lawsuit is necessary but when?
I live in a VW Vanagon because of these jerks and my credit can't be good because of all of this.
Posted by H. Hobson
I have been through hell and back with PNC. After being denied for everything I asked for, several different ways (Hamp included) I ended up having to pay an additional $1500/mo. for 2 years to save my home from foreclosure. I have been paying for almost 11 years and only owe $13,000 less than my original loan amount. How is this possible? I am current and my rate continues at 5.875% with NO help of ANY KIND from PNC. And apparently I agreed to a 40 year loan when I agreed to pay an additional $1500/mo for 2 years. Since they refused to take payments from me during the time I was trying to do a loan mod...it got out of control, on my end, and they ended up with ALL the control putting me in a desperate situation to save my home. I have been disgusted with PNC actions since I tried to make adjustments as my Husband had lost his job and we were both in industries that were hit hard by the recession, Construction and Real Estate. We ultimately saved our home with MANY MANY sacrifices and NO THANKS to PNC. Our original lender was National City merged with PNC. If there is EVER a lawsuit with PNC, I would love to be included as I feel they are corrupt and we paid the price! I have pages of documentation during the process of PNC doing everything to not qualify us for any program. I believe it is because we were one of the rare cases that continued to have equity in our home. I always felt like they were trying to get our home and not help us stay in it. Please notify me of any opportunities to sue PNC. Thank you!
Posted by Derek Palmer
PNC foreclosed my home after trying to get help thru the hamp program
Posted by PAUL C. DEANGELIS
THEY SCREWED ME AROUND FOR MONTHS ON LOAN MODIFICATION (YOUR PHONE CALLS WILL
BE RETURNED WITHIN 24-48 HOURS) REQUESTING RECORDS ON TOP OF RECORDS THAT I HAD ALREADY SUBMITTED.
AFTER ALL OF THIS, THEY SAID THAT I DID NOT RESPOND IN TIME (NOT TRUE) AND THAT THEY HAD A PROGRAM NEW PROGRAM THAT I SHOULD APPLY FOR. HAD TO START ALL OVER AGAIN. THEN THE RESPOND WITHIN 24-48 HOURS TO MY QUESTIONS STARTED ALL OVER AGAIN ALONG WITH REQUESTS FOR INFORMATION THAT I HAD ALREADY SUBMITTED. THEN I QUIT! HOUSE PAYMENTS WENT FROM $300.00/MO TO $900/MO AND WE HAVE BEEN FINANCIALLY SUFFERING EVER SINCE. THESE BANKSTERS HAVE NO MERCY!
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