Back in 2006 wife and I applied to PNC bank for a Second Mortgage. They during the application process they asked me what i thought my home was worth, I responded "I have no idea". They said don't wory based on what you are borowing you will need atleast X. I said when will the appraiser be coming out. The rep said no appraiser, we will do it from here on our computer. Two minutes later, don't you know my home was worth X and my loan was approved the next day.
I should have known then that something was up. First of all NO three bedroom home with in 10 miles of my home has ever sold for what they appraised it for. I have no idea where they got there numbers from.
My question is do I have a case against PNC. I want to sue them and cancel my loan. This is really unfair. I will never be able to sell my home for what we owe because of PNC.
Does anybody know the phone number or email address of the CEO of PNC Mortgage. They are a subsidiary of PNC Bank. Any help would be appreciated.
Thanks,
Scott.
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