Sunday, June 28, 2009

Not everyone can qualify for a loan modification, no matter what you are told. National City is a mortgage servicer, just like many companies, and they are bound by investor guidelines, meaning they can only qualify someone for a modification if the investor (the person that loaned you the money) agrees. Nobody wants a house to go into foreclosure, not the homeowner or the mortgage company. It doesn't benefit anyone financially. Hard times can happen to anyone but people need to be realistic. Sometimes as hard as it is to admit, if you can't afford your home there is no magic button mortgage companies have to just cut payments in half. Also, some people need to check their facts, National City didn't receive any of the bailout money.


ACTUALLY FOR PNC TO GET BAILOUT THEY WERE FORCED TO TAKE OVER
National City SP

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