Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account
PNC Bank Mortgage department,
Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account Florida
We took out a loan from - about 10 years ago. Somehow we wound up paying PNC bank for the monthly payment. PNC demanded the balance of the loan be paid back immediately, although we have this loan for 10 years and have been paying all payments on time. Just recently, we received letter from an attorney from PNC. Now that we are forced to sell the property to pay off the balance, we found that in addition to the balance of the loan, they asked us to pay a $200.00 administration fee and $2000.00 lawyer fee. If PNC decides to hire a lawyer, why am I asked to foot their lawyer 's bill. If we do not pay them, we will not be able to close the sale and pay the loan balance. This is nothing more than an extortion. Can they really do this? Another issue I am concerned with is that they may be clouding the title of the property with their legal mingling. Please contact me soon as the closing is upcoming and at this point we can not proceed with this open issue. Thank you for your help.
PNC Bank customer in Florida
Mar 30, 2015
* Source: CFPB Complaint Database
PNC Bank response to complaint:
Closed with explanation
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