Did PNC Just Halt All Foreclosures in the United States? YEP!

October 7th, 2010 // filed under: Foreclosures, Southern Maryland

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There’s a rumor going around among REO agents across the country that PNC may have frozen foreclosures across the board.  So far I have heard of four states where PNC foreclosures were supposedly halted:  Arizona, Texas, Oregon, and Florida.

What’s interesting is that PNC REO agents in those states have said that PNC has halted their properties, and three of those states aren’t even judicial foreclosure states involved in the robo-signing drama, indicating this may be a nationwide decision.

Anyone out there have more information about this?  I’d love to get confirmation from more people with direct knowledge who could anonymously confirm or deny the rumor.

**UPDATE**

PNC Has not made any comment publicly yet, but internal memos being sent to title companies and REO agents are now stating that PNC is halting foreclosures for the next 30 days so that they can review documents to ensure the process is being handled properly.

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posted by Jonathan Benya // Leave A Comment

This entry was posted on Thursday, October 7th, 2010 at 1:41 pm and is filed under Foreclosures, Southern Maryland. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

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