Big US bank will pay for misleading mortgage customers
By: Darrell Castle
SunTrust Banks, Inc is facing allegations of misleading its mortgage customers and has now reached a $968 million settlement agreement.
“This settlement will provide direct payments to Tennessee borrowers for past foreclosure abuses, loan modifications and other relief for borrowers in need of assistance,” according to the Tennessee Attorney General.
More than 2,000 Tennessee SunTrust borrowers are eligible, including those who lost their homes to foreclosure from January 1, 2008 all the way through December 31, 2013.
Did you know if you’re behind on your mortgage payments, you can still stop your house from being foreclosed, even with threatening creditor phone calls? Yes, you can and it happens through the bankruptcy process.
You can find my free report detailing how you can keep creditors from taking your property here.