PNC Loan Modification Case Results

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Case Study

Loan Modification Success: PNC Payment Reduction

PNC - [ID: #0001]

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Borrower was $11,755.52 past due and in an active foreclosure with a sale date. Monthly payment was $1,343.17 PITI with an interest rate of 6.25%.


Borrower's sale date was CANCELED and borrower was given a fresh start. New payment is $1,319.11 PITI and interest rate is 6.25% fixed for the life of the loan. The term has been extended to 40 years and they provided only a $1,506.11 initial deposit.



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