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 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
Settlement Website
Claims Administrator
National SunTrust Settlement Administrator
1-866-590-8532
SettlementAdministrator@NationalSunTrustSettlement.com
Class Counsel
N/A
Defense Counsel
N/A
ATTORNEY ADVERTISING
Top Class Actions is a Proud Member of the American Bar Association
LEGAL INFORMATION IS NOT LEGAL ADVICE
Top Class Actions Legal Statement
©2008 – 2024 Top Class Actions® LLC
Various Trademarks held by their respective owners
This website is not intended for viewing or usage by European Union citizens.
199 thoughts onNational SunTrust Mortgage Settlement
I am in AZ as well and received a check for $668.10- half of the $1336.20. The check was written out to just me, my wife was a co-borrower on the original loan, I was expecting one large check written out to both of us, maybe we will each get a check for $668.10 and hers is in the mail? My question is did you have a co-borrower on your loan or was it just you? I am hoping there is another check in the mail written out to my wife for $668.10!
@ RYAN in Arizona : We only had 1 borrower and receive the full amount. Since you had a co-borrower, you may receive the other check with her name soon. I hope its VERY soon for you all, as they held your money long enough.
I am in Arizona and received a check yesterday for $668.10 – exactly half of the $1336.20 that most people are reporting. My wife was a co-signer on the original loan with me. Should we be expecting another check for $668.10 written out to her? Did anyone else receive $668.10? I was expecting one large check written out to both my wife and I, has anyone else received separate settlement checks? I know I only submitted one claim form but if my memory is correct that claim form seemed to cover both my wife and I……
I am on the east coast of Virginia. My check came today. It was for $1336.20. Although I have been bitter against SunTrust and the others involved for us losing our house (which we should not have) I am choosing to release the bitterness and anger I have been harboring all these years. It isn’t hurting them–it is only hurting me. I am closing the book on this chapter of my life and looking only forward. Though it is nowhere near the amount of money we lost I am grateful for the $1336.20 we did receive and the timing in which it came because it was needed very much. I hope everyone here and all the others that lost their homes are able to let go of the anger and move forward. You know what they say? Don’t look back….you are not going that way. Merry Christmas to everyone here and may you all be showered in blessings from here on out. (And I really do mean every single word of this)
Check received in Arizona (on Sat . 12/12/16). Trusting that everyone else will receive theirs on Monday (if you havent already). Halal Yah
I am in AZ as well and received a check for $668.10- half of the $1336.20. The check was written out to just me, my wife was a co-borrower on the original loan, I was expecting one large check written out to both of us, maybe we will each get a check for $668.10 and hers is in the mail? My question is did you have a co-borrower on your loan or was it just you? I am hoping there is another check in the mail written out to my wife for $668.10!
@ RYAN – Yes, I am hoping you get the other check soon. You can call 866-590-8532 and ask. If you only get a general answer, then kindly ask to speak to the supervisor. I hope you get the other half in her name SOON. Hang in there , neighbor.
Got it today in Galveston, Tx….it went to my old address 1st a few towns over. Did a mobile deposit so we will see!
Got my check in atl today…hope I can cash it Monday.
I am in Atlanta…got mine yesterday…I bank with a credit union and they were reluctant to cash it for me but since I have been with them for so long they eventually did it after making a phone call (I assume)…it was the same as everyone else $1336…hope everyone who hasn’t gotten theirs yet does soon…seems lots of people are having trouble cashing them though…Good luck to all
Fayetteville, NC check came in this afternoon.
Anyone in North Carolina? or Virginia?
I’m in VA and no check today, unfortunately.
Got ours today… $1336.20 !!! Im in Florida but mine was rerouted from Tn. !!! Its not what we lost but atleast it came at a Good time !!! Merry Chritmas to my Children !!!