PNC Bank Foreclosure Process, Loan and Mortgage Modification Programs

 


Loans have been considered one of the things that make life easy. Especially with everyone’s desire to own a home, people have tried their luck in getting one. PNC bank offers loans for those who are a part of those who want to purchase a home. Since there are a lot of people vying for the approval of the loan, the bank really has to screen every application to see who are qualified for the loan modification program.

Approval does not necessarily mean that your problems will already stop here. Make sure that you are qualified for a certain loan modification package. This will ensure that you apply for a loan modification program that will best suit your situation. Depending on the other loan modification offers of PNC Bank, you will find one that helps.

An important thing that you should consider when processing the loan modification application is a third party consultant. You can hire an attorney who can assist you in this. You need to ensure that you take every step correctly so that your loan modification application will be approved. You should always remember the fact that there a lot more people who are applying for a loan modification program aside from you.

Looking at the loan modification program application, there are so many things that you need just to be approved. Be ready with the things needed in order to apply for a loan modification package so that your application will go smoothly.

PNC Bank Foreclosure Assistance and Mortgage Modifications

You will need the following requirements to process application for a loan modification package.

Income Verification

You need to present the following to prove of your current financial status:

  • Pay slip for the last 30 days.
  • W-2 forms for the past 2 years
  • Child support declaration
  • Letters for social security and 1099 for income disability

Source of Funds:

  • Bank statements with savings, investment and checking accounts for the last 3 months
  • If funds are from sale of property, the HUD settlement is needed
  • Sale of asset with proof of sale, ownership and transfer of funds
  • Stocks and securities statement for the previous 3 months
  • Gift funds with gift letter, transfer, and withdrawal evidence

For self-employed applicants:

  • Complete tax returns with signature for the past 2 years. Must include personal, partnership and corporate.
  • YTD business loss and profits for the current year with balance sheet

History of Payments Done:

  • Payment checks for the past year that have been cancelled when paying rent or mortgage
  • Child support
  • Bankruptcy file
  • Land contract copy

Supporting Documents:

  • Agreement of Sale with all legal documents
  • Credit discrepancies explanation
  • Divorce decree

Contact Information:

Home Purchase 1-877-508-3339

7 AM – 6 PM CST, Monday – Thursday
7 AM – 5 PM CST, Friday
9 AM – 3 PM CST, Saturday

Refinance 1-877-508-3339

7 AM – 6 PM CST, Monday – Thursday
7 AM – 5 PM CST, Friday
9 AM – 3 PM CST, Saturday

Home Equity 1-800-762-5684

7 AM – 10 PM EST, Monday – Friday
8 AM – 5 PM EST, Saturday and Sunday