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PNC Financial Services Group

PNC Financial Services Group review: big time fraud!

G
Author of the review
3:08 am UTC
Resolved
The complaint has been investigated and resolved to the customer’s satisfaction.

I am pleading to the american public... An outcry of injustice! Can anybody hear this? This company amongst others are getting richer folks while we are losing our homes one by one due to foreclosure! And what is sad about all this... Is president obama and congress approved billions to help us! Read the article dated august 6, 2008, by the associated press, "government mortgage partners sued for abuses". This article shows that national city mortgage has approximately 37, 000 loans that are eligible for modification however there have been no loans that they have modified at the time the article was written. Other companies are just as bad! This is a very sad thing to say about national city mortgage to have this money available and yet not one loan modified! No wonder the treasury department summoned 25 company executives to give them just a slap on the wrist! That is also sad to say about this whold "home affordable modification program" that was announced in march of this year. National city mortgage along with others are definately collecting just on the interest of their portion of the "mother load" meaning the bail out money! What a scam! It mentioned that "billions of dollars the government is spending to help financially pressed homeowners avert foreclosures are passing through - and enriching the companies - accused of preying on the people they are suppose to be helping"! This is outrageous! National city mortgage and company out to be ashamed of themselves for this! Don't they understand they are playing with peoples lives! This is criminal to say the least! This is not acceptable and we the homeowners need to stand up and say something... But to who? There has been poor management of handling the "accountability" of how and when and to whom this money is spent! The laws are very ambiguous to say the least. The article mentioned that president obama expected to help up to 4 million foreclosures has only turned out to be 200, 000! And a poor attempt at that too! I lost my job december 2007 and informed ncm so they could be informed and start any paper work that they needed. Here we are in october 2008 and I have still to have them modify my loan. They have sent me their packet to fill out 4 times already... The same packet! I have filled out each one with all the other information they want and I thought the last information I would receive from them was my loan modification but it was not... It was a letter telling me that my house would be auctioned 14 days later. I was forced to hire an attorney to help me with this because obviously they were not going to help me, the homeowner. They seem to be working with my attorney, after giving them $1500 to help fight my case and who knows what that will do to my already hurting finances! This whole this is such a mockery to the american public! According to this article the mortgage companies were to help approx. 4 million foreclosures but as of the date of this article only 200, 000 loans have been modified and many with little modification of their monthly payment! Who do we cry to for help? Will our senators and representatives hear us? Are they willing to help the american people, families & children? Or does this go down in history as being one of the biggest farces in history?

Update by GeraldV
Feb 24, 2011 7:30 am UTC

I am writing again about National City Mortgage and its illegal practices once again. I complained back in October of 2009 and had forgotten about this because I could not remember the email address I used to complain about NCM. I apologize to all the people that commented on what I wrote. I was amazed at all the other complaints that appeared as I was able to get back on this site when I remembered my email address. I am writing this on February 24, 2011. I am going to be writing more on this site and responding to other complaints. This has gotten worse despite what the media is always trying to tell us. I am amazed that all you out there have had similar experiences! We need to share our stories and get them out there. Again I apologize for not contacting anybody that commented about my article I titled "Big Time Fraud" concerning National City Mortgage. I hope to contact those that did comment and correspond with them or anyone that has been a victim of this company. Please let me know how things have been going on with you all out there trying to save your homes from foreclosure.

Sincerely, Gerald Valdez [protected] email: gjv420@gmail.com

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