Pnc Hardship Package Form – Fill Out and Use This PDF

PNC Bank

2730 Liberty Ave.

Pittsburgh PA 15222

Dear Account Holder,

Your request to your creditor to release its lien in exchange for payment of less than the full balance owed (a “short sale”) has been received. In order to evaluate your request, your creditor asks that it be provided with additional information for it to determine if it will agree to offer you a short sale.

Enclosed with this letter is the request for additional information (a “short sale package”). You are required to return a completed short sale package in a timely manner. Upon receipt of a completed short sale package, PNC Bank will review your information and determine whether you qualify for a short sale and on what terms. A PNC Bank representative will contact you. A partially completed short sale package will not be reviewed.

If a short sale occurs, it means your creditor will allow its mortgage lien to be removed from the property. Unless constrained by law, your creditor will not agree to treat the debt associated with the lien as paid in full.

To complete this package, please do the following:

Please note that this letter and short sale package do NOT constitute approval of a short sale. You are responsible for making any and all payments due and payable under your note or home equity line of credit agreement. Remember, the review process cannot begin until PNC Bank receives a completed short sale package.

If you have any questions regarding the short sale package, please contact our office at 1-888-567- 9893

Notice: See Reverse Side for Important Information

Leading the Way

1. Borrower Details

Borrower Name		Home Phone
Property Address		Cell Phone
City, State, ZIP		Work Phone
Account Number		eMail Address
Social Security #		# in Household

1. Co-Borrower Details

Borrower Name		Home Phone
Property Address		Cell Phone
City, State, ZIP		Work Phone
Account Number		eMail Address
Social Security #		# in Household

Financial information below from co-borrower only needed if not included in primary borrower’s financials on previous page. Sign below regardless.

Short Sale Deficiency Agreement

If your creditor agrees to enter into a short sale, the mortgage or deed of trust securing my/our Account will be released upon payment of the agreed upon proceeds from the sale of my/our property. Because it is a short sale, the amount that will be paid to your creditor is less than the balance owed on my/our Account. Unless prohibited by applicable law, I/we agree to remain responsible for the repayment of the remaining balance on my/our Account pursuant to the terms of my/our note or line of credit agreement. By signing below, I/we acknowledge and agree to the foregoing.

Notice: This Short Sale Deficiency Agreement is not applicable to any debts which have been discharged in a bankruptcy proceeding under the U.S. Bankruptcy Code.

Authorization to Close

Account Number	_________________________	Home Equity Line of Credit _____
		Signature Line of Credit _____

I/we direct PNC Bank to close the above mentioned account.(s).

I/we have destroyed all unused checks and/or credit cards supplied by PNC Bank as a means to access the above account(s). I/we acknowledge the following:

1.I/we affirm that there are no outstanding checks and since PNC Bank is being directed to close the account(s) immediately, understand PNC Bank has no obligation to honor checks presented for payment hereafter.

2.I/we understand that interest accrued and any other amounts due and not as yet paid will become due and payable as set forth on the next statement.

3.If the account is a home equity line of credit account, I/we direct PNC Bank to release the property lien at time the balance is paid in full.

Third Party Authorization

This Authorization pertains to PNC Account No. ________________ (“Account”) and the property located at

_____________________________________________ (“Property”) securing the Account.

Initial as applicable:

_______ REALTOR OR THIRD PARTY AUTHORIZATION

I/We hereby authorize PNC Bank to provide any and all Account and Property information to

________________________ (“Borrower Representative”). Furthermore, I/We grant Borrower Representative the

authority to negotiate the terms of a Short Sale (hereinafter defined) with PNC Bank. A Short Sale is a process in which, if approved, the Account creditor agrees to release the mortgage or deed of trust securing the Account upon payment of sale proceeds that are less than the outstanding amount owed on the Account. If the borrower or the Borrower Representative and PNC Bank are able to mutually agree upon the terms of a Short Sale, unless prohibited by applicable law the borrower(s) will remain responsible for the remaining Account balance after the agreed upon amount has been applied to

I/we agree to the terms of the Short Sale Deficiency Agreement and the Authorizations above.

Borrower Signature (required)

Co-Borrower Signature (required)

Date

1. Please include a copy of the following documents: (MUST INCLUDE BUT NOT LIMITED TO)

1 month most current pay stubs (employed) / P & L (Self Employed) and 2008 Federal Tax Return (all schedules)

First mortgage payoff letter or recent statement (copy of original). Either:

Letter from your first mortgage holder showing payoff amount, or

Mortgage statement showing current balance

To return this

package, either fax to the number below or mail to the address listed below: Attention: Short Sale

Fax # 412-705-2979

PNC Bank

Loss Prevention P5-PCLC-A1-R

2730 Liberty Ave.

Pittsburgh, PA 15222

Your Short Sale cannot proceed without all of the requested documentation and incomplete

packages will not be accepted.

While your account is being reviewed by a PNC Bank representative,

collection efforts will still be made on any past due amount.

Failure to complete the forms as requested will delay or halt your application. Please follow the instructions to ensure that all required documentation is completed and attached as instructed.