A homeowner discovered a fraudulent $50,000 home equity line of credit on their property when trying to refinance. PNC Bank was the lender listed, but refused to share details. The previous owner took out the loan, requiring a legal process costing up to $15,000 and taking 6-12 months to resolve.

Reddit homeowners shared legal advice and stories, suggesting the bank’s delay in recording the title allowed the previous owner to open the HELOC. Some criticized PNC for the oversight. Recommendations included filing police reports, contacting the Consumer Financial Protection Bureau, and notifying state regulators.

Read more at Yahoo Finance: A Previous Owner Took Out A $50,000 HELOC Without Telling Anyone. The Current Owner Found Out While Trying To Refinance