Bank’s “Bureaucratic Wheels” In Foreclosure Seem Unstoppable

Monday, June 25th, 2012

Supporters of an evicted Minneapolis family fighting Freddie Mac and PNC Bank are discouraged by the bank’s executives refusal to meet with the family, but are committed to carrying on.

The Cruz family traveled to Pittsburgh this past week because PNC Bank executives said they were willing to work with them on modifying their mortgage. A mistake by PNC Bank triggered the foreclosure according to the Cruz family and the bank has been either unwilling or unable to stop the resulting foreclosure by Freddie Mac. Instead of meeting with executives or load officers who could modify the loan, David and Alejander Cruz were instead ushered into a meeting with PNC public relations official who could do nothing for them.