ED Magedson – Founder
SunTrust Mortgagepo box 26149 Richmond, Virginia USA
SunTrust Mortgage The Damage is Done Richmond Virginia
We fell on some hard times for about 2 years (Heart attack, Layoffs). As of 9 months ago, I had a new, better paying, job and was catching up on past debts. I noticed my mortgage payments were being returned every month. I decided to hold the money in the bank and add it to the next mortgage payment (doubling the next payment). this went on for 6 months. I called Suntrust to find out why my payments were being rejected. they responded that my balloon loan had matured 2 years ago. I responded "but you have only rejected payments 6 months ago". They responded they were proceeding with Foreclosure and no options were available for me to stop it.
When I purchased the home, I payed 2/3 of the total price as down payment. The homes Tax value is 150% of the mortgage value.
While other homes value is under mortgage value due to the economy, Mine is very profitable to SunTrust. Hmm.
Since I use online banking, I'll be sending them, in normal fashion, a six month payment for them to reject and looking for legal counsel.
Any advise will be appreciated.
This report was posted on Ripoff Report on 06/04/2013 02:20 AM and is a permanent record located here: http://www.ripoffreport.com/r/SunTrust-Mortgage/Richmond-Virginia-23260/SunTrust-Mortgage-The-Damage-is-Done-Richmond-Virginia-1056173. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.
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