The clients in financial trouble couldn’t get the attention of their mortgage lender about the coming train wreck. But you’re current, said the telephone representative for the lender. So, the clients deliberately missed a payment to make their point that they needed help.
Care to guess what happened next? Determined to remain only one payment down, they sent the next payment, and IT WAS RETURNED. It was followed by a notice of default.
So now the clients are talking to bankruptcy counsel and are looking for ways to get the constructive attention of PNC Bank.
What a strategy! I was told by someone once that PNC Bank would not take their payments after they missed for 6 months, but after 1 month! I’d bet dollars to donuts that as a servicer they are somehow receiving an incentive to put people through foreclosure. Seems utterly ridiculous that the banks are doing anything but helping!