PREDATORY LENDING SCAM! And the captains of this outrage are: Jim Rohr, chair & CEO of PNC/National City Bank -they wrote & service the loan; Robert Druskin, chair & CEO of E*Trade Bank -they now own it; Ken Griffen, chair of Citadel Investors -they are E*Trades $2bil investor. Is forcing an 86 year old into minimal social security survival how PNC president Joseph Guyaux plans to help as many customers as possible to remain in their homes?
While her husband was dying, she made an error on her $30 monthly online payment. She promptly fixed it. The Banks said no problem—but 7 months later cut off the cash they PROMISED would pay the mortgage in her golden years! AND she still must make monthly payments on the $7000 it cost to open this home equity line, even though she doesn't have access to it and never borrowed from it. They did this to a woman with perfect credit!
News 12 New Jersey reports: She turned to David Petrovich, director of www.SPOCH.org. Will he save her home? Distributed by Tubemogul.
As a Real Estate Broker Associate, I belive this. Most Banks will close a transaction in a reasonable amout of time, I mean after all they have a home they are trying to sell,they can make Buyers wait months and months and the buyer will often walk, I have one client who had three morgages through this bank and changed all his business to someone else, he paid the Banks full price and he is still waiting. This Bank Stinks.
weavmk1 10 months ago