Good news for struggling homeowners! SunTrust Mortgage Agrees to $320 Million Settlement – July 2014

In July, 2014, SunTrust Mortgage Inc. agreed to pay $320 million to settle a criminal investigation of its unlawful practices in implementing the Home Affordable Modification Program (HAMP). This settlement is an important first step to recognizing the problems faced by struggling homeowners attempting to stay in their homes and provides restitution to those homeowners who wrongly lost their homes. It also provides money to prevent such abuses in the future.

Grochmal & Fryer can help you stay in your home. We have successfully challenged mortgage lenders who are not complying with HAMP requirements, and who have engaged in other questionable practices.

If you are having a hard time with your mortgage, we can help. Set up a free consultation to discuss your situation with us.

For complete article about SunTrust settlement, click on http://www.justice.gov/opa/pr/2014/July/14-ag-697.html.