BB&T Financial Mortgage Complaint

BB&T Financial Mortgage department,

Home equity loan or line of credit Loan modification,collection,foreclosure Virginia

For nearly 8 years, I worked for Branch Banking and Trust Company, who held the - Mortgage, and a - lien ( Equity Line of Credit ) on my primary residence home. I quit my job with BB & T in - -, and became unable to afford making further payments on the loans. I was divorced from my ex-spouse in - -, and my ex-spouse did not offer any assistance in repaying the loans or settling the outstanding debts. I requested as part of our divorce proceeding that my ex-spouse agree to allow me to market and sell the home ( she moved out in - - ), but she refused to authorize the listing of the home with a Realtor, and she never signed a Separation Agreement. I became delinquent. and then defaulted on the - Mortgage, and the Line of Credit. I agreed to deed the house back to BB & T in a Deed in Lieu of Foreclosure transaction, and the deed in lieu was completed in - -. The bank purchased the house for $430000.00, and applied the proceeds toward satisfaction of the - Mortgage, which had a balance


on the surplus - I was assured by an Officer of BB & T that the Line of Credit had been charged off due to " lack of equity and accounting standards '' in - -, and the bank officer assured me that the Deed in Lieu of Foreclosure did not need to reference the Line of Credit to insure that the proceeds from the house would satisfy all my accounts at the bank, including the - Mortgage, and the Line of Credit. On - -, -, I was served with a lawsuit brought by BB & T on the Line of Credit loan stating that the full amount $92000.00 was in default and due. But with the credits that should have been applied to my account from the Deed in Lieu of foreclosure, the actual outstanding amount is no more than $32000.00, and if the profit from the sale of my home ( an additional $15000.00! ) been applied to my account, I would owe no more than $18000.00. I believe that I was defrauded by BB & T and its officers in the conduct of the Deed in Lieu of Foreclosure transaction, and that I have been damaged by BB & T 's conduct. I do not owe BB & T $92000.00, yet they are seeking the full amount from me. I used to work as an attorney for BB & T, and I believe that BB & T is discriminating against me, as compared to similarly situated debtors.