Synovus Bank Mortgage Complaint

Other mortgage Settlement process and costs

Synovus Bank Mortgage department,

Other mortgage Settlement process and costs Tennessee

I purchased a building on - - in 2003. The property is deeded to me and I am a - My son secured a line of credit using my property as collateral. He applied for the loan using his credit and income but used my property as collateral. He is a - and the bank took the collateral without properly searching the title. I have a sales contract on the building and I am unable to close because - Bank will not release the lien taken on my property. I have spoken to - - of - - and his supervisor. They keep stating they do not have a fraudulent loan. The loan made was not fraudulent however they allowed - to pledge property as collateral which he has no ownership. The lien is invalid. - - will not give me any information about the loan and initially refused to speak to me because the loan is not in my name. Which is true and why they should not have taken my property as collateral. I am attaching the original deed to - and the deed filed by - Banking in - name.

Synovus Bank customer in Tennessee
Mar 22, 2016

* Source: CFPB Complaint Database

Synovus Bank response to complaint:
Closed with explanation

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