BB&T Financial Mortgage Complaint

BB&T Financial Mortgage department,

Conventional fixed mortgage Application, originator, mortgage broker Texas

This is a formal complaint against BB & TI am a victim of mortgage, lending and appraisal fraud. At the request of the Federal Reserve I am filing a formal complaint against Branch Banking and Trust Company ( BB & T ). - -, parent of - - - - ( - ), was closed down on - -, -. - - - Bank declared bankruptcy after an FBI raid & investigation into fraud. After the FBI put - and parent company - - under for deceptive trade violations, my mortgage was sold to BBT. - were the residential mortgage loan originators and they sold my loan to BB & T after the FBI forced them into bankruptcy. The residential mortgage that was transferred to BB & T has left me with a toxic asset that I will never be able to recover from. The underwriters at - induced me into signing a consumer residential mortgage transaction by fraudulently allowing an appraisal to be submitted that was over valued by - due to functional obsolescence and diminished site utility. As a result of the numerous violations that were committed by - I now am forced to sell by home as


was fraudulently appraised, BB & T is in possession of my note and I need help! In - I bought a For Sale by Owner property described as a - acre, - square foot, - Bedroom home for -. The asking price for the home was -. I made an offer of - based on the public record tax evaluation of -. The offer was rejected and a contract was established half way at -. My median credit average of - out of - applied for financing and a good faith estimate was issued by - to include an inspection and appraisal. The property appraised at - Cost Approach, - Sales Approach, and a final offer of - was established. A retroactive appraisal and appraisal review were performed in - to verify the collateral I signed and contractually committed too. The - reports discovered that the property should have appraised at -. The - over inflated valuation has left me with a toxic asset that has forever ruined my financial stability and destroyed my credit rating. TBW violated both federal and state laws designed to protect borrowers from illegal appraisal practices, and without the intervention from the CFPB I will forever be burdened with a debt that I can not possibly repay in this lifetime. I have filed complaints against - for the mortgage and lending fraud they committed against me with the FDIC, CFPB, -, FHFA, FHA, OCCC, Texas Mortgage Banking Association, and the Attorney General. Not one of the agencies that are set up to safeguard my consumer rights have been able to help me. I am getting shuffled from one agency to the other and need to find help to address this hardship. The most recent request from the Federal Reserve has directed me to file a complaint with the CFPB against BB & T. I would not presume to know the various channels available to anyone at the CFPB for making either direct or indirect subtle inquiries into federal and state fraud claims on my behalf. However, given the MASSIVE negligence surrounding my concerns and complaint, combined with the complacency from all the agencies I have reached out to, the very least the CFPB can do is to provide a measure of support that will give me some perspective of use for these organizations.