PNC Bank announced today that they would also initiate a moratorium on foreclosures, joining the ranks of JP Morgan Chase, Bank of America, Citigroup, and others who announced their halt on foreclosures last week. PNC's moratorium is scheduled to go through March 13th as the nation awaits the announcement of the government's plan to stem the foreclosure crisis.
If you have a mortgage through PNC Bank (or National City Mortgage, which is now a part of PNC), call to see how this affects your loan.
Again, a moratorium does no one any good if action is not taken during the stay to rectify the situation, so make sure you are actively working on your household situation while the government creates and implements a plan.
More on Obama's plan when it is revealed tomorrow!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment