Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account
SunTrust Bank Mortgage department,
Conventional adjustable mortgage (ARM) Loan servicing, payments, escrow account New Jersey
My existing mortgage servicing was transferred from - - to SunTrust Mortgage Inc . Shortly thereafter Sun Trust did an escrow analysis and refunded me $2300.00. On - - 2015, I received a letter from Sun Trust that in fact my escrow account was short $4100.00 And either I paid the full amount or my mortgage would go from $2500.00 to $2900.00. When I called for an explanation I was told that when the servicing was transferred, - - had not paid my local town taxes. I told them that they should go after - since they were they ones holding my escrow and should have made all payments prior to the transfer. I returned the money they sent me in error but I will not paid anything more than what I was paying before the servicing was transferred. It is Sun Trust mistake and they not me should be responsible. I spoke to their Customer service Virginia, - - and - - who did the research and realized their mistake on -/-/15. See attached correspondence and tax statements from town.
SunTrust Bank customer in New Jersey
Dec 27, 2015
* Source: CFPB Complaint Database
SunTrust Bank response to complaint:
Closed with explanation
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