SunTrust Banks, Inc. Mortgage Complaint

FHA mortgage Loan servicing, payments, escrow account

SunTrust Banks, Inc. Mortgage department,

FHA mortgage Loan servicing, payments, escrow account Georgia

SunTrust Mortgage held the mortgage on my home until - -. An escrow account was established at closing to pay taxes and insurance. SunTrust made a partial payment on the insurance in -/-/-, even though there were funds in the account to cover all charges. The insurance was canceled due to lack of full payment. SunTrust then sold the loan to - - -/-/- due to lack of insurance. I made several calls and wrote letters to them there was never no written response. .An attorney contact them in -/-/- on my behalf still no response.I spoke with them however, they stated they have no information on my file since it was sold. The lender placed insurance cost is $ - yearly and only covers the structure. I have a 30 year fixed mortgage however the escrow has increased to over $500.00 per month .We could loose our home due to their error. My payments have gone from $1900.00 to $ -.Desired resolution I want SunTrust to compensate me for the harm they have caused my family, I would like to be included in a class action suite against them since I got my loan -/-/- and the interest rate is 5.8 %. My husband and I are - and both had scores above - when the loan was secured. I can be reached at - - - - - Ga -, - - owner.

SunTrust Banks, Inc. customer in Georgia
Apr 20, 2016

* Source: CFPB Complaint Database

SunTrust Banks, Inc. response to complaint:
Closed with explanation

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