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About National City Mortgage

National City Corporation was a regional bank holding company based in Cleveland, Ohio, USA, founded in 1845; it was once one of the ten largest banks in America in terms of deposits, mortgages and home equity lines of credit. Subsidiary National City Mortgage is credited for doing the first mortgage in America. The company operated through an extensive banking network primarily in Ohio, Illinois, Indiana, Kentucky, Michigan, Missouri, Pennsylvania, Florida, and Wisconsin, and also served customers in selected markets nationally. Its core businesses included commercial and retail banking, mortgage financing and servicing, consumer finance, and asset management. The bank reached out to customers primarily through mass advertising and offered comprehensive banking services online. In its last years, the company was commonly known in the media by the abbreviated NatCity, with its investment banking arm even bearing the official name NatCity Investments.

In October 24, 2008, following National City's untenable loan losses during the subprime mortgage crisis, National City was acquired by PNC Financial Services.


Foreclosure Prevention Options

National City (PNC) will generally consider you for an assistance program if one of the following has effected your ability to pay your mortgage:

- Are you unemployed?

- Have you had a reduction in your income?

- Does illness or injury prevent you from making your loan payments?

- Has divorce affected your ability to make loan payments?

- Has any other unexpected life event affected your ability to make your loan payment?

The most common options are listed below:

Loan Modifications

If you can no longer afford to make monthly loan payments, you may qualify for a loan modification to make them more affordable.  To qualify your loan payment ratio (including taxes, insurance, and home owners association dues) based on gross income, must meet program guidelines.  If you previously defaulted on a payment during your Trial Payment Plan or Modification you may still qualify.

Liquidation Foreclosure Alternatives (LFA)

The Liquidation foreclosure Alternative includes additional foreclosure avoidance options, such as Short Sale and Deed-in-Lieu of Foreclosure.  To be considered for LFA, you must be considered for other loan modifications or retention programs that are offered. You may have the opportunity to be considered for LFA if you lack other options and request a short sale or deed-in-lieu.

Other Alternatives

A variety of alternative assistance programs may also be available depending upon your circumstances. 

Keep Your Keys

Keep Your Keys is highly experienced in helping homeowners stop foreclosure.  We have a thorough understanding of the products National City (PNC) offers as well as their internal processes to get them approved and completed.  With our 5 star reviews and exceptional customer service you would be hard pressed to find a better partner.   Leave your checkbook at home and contact us today for a no cost, no obligation, appointment to get started. 

Additional Questions?

Visit our Frequently Asked Questions page for common questions.   Or setup an no cost, no obligation appointment with one of our licensed Consultants for customized answers for your scenario.

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