Anne Bucher  |  March 20, 2015

Category: Closed Class Actions

Top Class Actions’s website and social media posts use affiliate links. If you make a purchase using such links, we may receive a commission, but it will not result in any additional charges to you. Please review our Affiliate Link Disclosure for more information.

This settlement is closed!

Please see what other class action settlements you might qualify to claim cash from in our Open Settlements directory!

SunTrust Mortgage insurance

SunTrust Mortgage Inc. has agreed to pay $500 million as part of a class action settlement with the federal government and the attorneys general in 49 states and the District of Columbia related to SunTrust’s alleged misconduct regarding its mortgage servicing and foreclosure practices. If you were a SunTrust borrower who was foreclosed upon between Jan. 1, 2008 and Dec. 31, 2013, you may be eligible for benefits from the SunTrust settlement.

SunTrust was accused of signing foreclosure documents without confirming the facts were correct. The mortgage company was also accused of signing the documents without having a notary present.

The SunTrust settlement will provide approximately $500 million in various forms of relief to eligible borrowers. Under the terms of the SunTrust settlement, approximately $40 million in direct payments will be distributed to foreclosed borrowers. The SunTrust mortgage settlement was reached in June 2014 and took effect in September 2014.

The SunTrust settlement administrator mailed Claim Forms to approximately 45,000 Class Members earlier this month. If you did not receive notice of the SunTrust settlement but believe you may qualify for benefits, contact the settlement administrator at 1-866-590-8532.

Who’s Eligible

Borrowers must meet certain minimum criteria to be eligible for payment from the SunTrust settlement:

  • The loan must have been serviced by SunTrust at the time of the foreclosure sale;
  • The loan went into foreclosure sale between Jan. 1, 2008 and Dec. 31, 2013;
  • The borrower made at least three payments on the loan;
  • The home was, or was intended to be, the borrowers’ primary residence at the time the mortgage loan was obtained;
  • The borrower had a mortgage loan secured by a one-to-four unit residential property; and
  • The unpaid principal balance of the first-lien mortgage loan did not exceed $729,750 for a one-unit property; $934,200 for a two-unit property; $1,129,250 for a three-unit property; or $1,403,400 for a four-unit property.

Borrowers who received a payment from the National Mortgage Settlement (involving Bank of America, JP Morgan Chase, Citibank, Wells Fargo, and GMAC/Ally) or the National Ocwen Settlement (involving Ocwen Loan Servicing, Litton Loan Servicing, and American Home Mortgage Servicing Inc. aka Homeward Residential) are ineligible to receive a payment from the National SunTrust Settlement.

Note: Borrowers from Oklahoma are not eligible for direct payments because Oklahoma did not join the SunTrust settlement.

Potential Award

Varies. The Notice Package, which was mailed earlier in March 2015, will contain a letter containing the minimum payment you are eligible to receive and instructions on how to file a claim. According to the SunTrust settlement website, eligible loans will receive a minimum payment of approximately $850.

If you did not receive a Notice Package but believe you may be eligible for benefits from the SunTrust settlement, contact the settlement administrator at 1-866-590-8532.

Proof of Purchase

N/A

Claim Form Deadline

6/4/2015

Case Name

United States of America, et al. v. SunTrust Mortgage Inc., Case No. 1:14-cv-01028-RMC, in the U.S. District Court for the District of Columbia

Final Hearing

N/A

Claims Administrator

National SunTrust Settlement Administrator
1-866-590-8532

SettlementAdministrator@NationalSunTrustSettlement.com

Class Counsel

N/A

Defense Counsel

N/A

We tell you about cash you can claim EVERY WEEK! Sign up for our free newsletter.

199 thoughts onNational SunTrust Mortgage Settlement

  1. Foreclosure fraud says:

    They told me that the IFR was the one they were sent to me and they had sent me a page letter because they told me that Abby’s Joy was MyPCBackup had cfpb pentagon officials Sightlines were told that they did Wells Fargo Forecloaure fraud for Russ Conceded
    Mailed me under Rebecca Lynn Lara under my name was Abby’s Joy
    Forigan exchange over seas trading bonds stocks Washington DC came from so is it fraud hacking apps and Facebook apps that they were able to do or who they were hacked into my account and they set up my emails addresses that they were going to them not me Rebecca.lara@me.com and I told my friend to sent to my email address and he was didn’t believe me but they knew so County San Bernardino County ca fraud court fraud case settlement and fraud hacking federal officials court ordered clerk of court to sign off my xhusband I was granted sole owner and granted me the exclusive grant deed and I told so now I’m punished for government fraud they will never understand anything about me because she told him that I would not even help my daughter in law out last night with babysitting the grandchildren and son who they told him they were sent to him because he didn’t know anything about it or what they did to me and him it’s sad because they told me they told my 6 year granddaughter I died and they told me they were glad my grandson is still to young to remember me. My son and his wife and grandchildren and family and friends I love and know they told me I will never be able to see them because of what they told him I was not even told or there not even a person nobody told me anything about what they did to me because he didn’t even know they were going crazy

1 15 16 17

Leave a Reply

Your email address will not be published. By submitting your comment and contact information, you agree to receive marketing emails from Top Class Actions regarding this and/or similar lawsuits or settlements, and/or to be contacted by an attorney or law firm to discuss the details of your potential case at no charge to you if you qualify. Required fields are marked *

Please note: Top Class Actions is not a settlement administrator or law firm. Top Class Actions is a legal news source that reports on class action lawsuits, class action settlements, drug injury lawsuits and product liability lawsuits. Top Class Actions does not process claims and we cannot advise you on the status of any class action settlement claim. You must contact the settlement administrator or your attorney for any updates regarding your claim status, claim form or questions about when payments are expected to be mailed out.