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This is a discussion on Why does SunTrust fly under radar, still not participation in HAMP? within the Stop Foreclosure and Tell Us Your Story forums, part of the Foreclosure Forum category; I read that they are the largest servicer not participating. Although they have to modify fannie/freddie loans. They took billions. ...
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| Senior Member Join Date: Jun 2009 Location: MA
Posts: 109
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Why does SunTrust fly under radar, still not participation in HAMP? I read that they are the largest servicer not participating. Although they have to modify fannie/freddie loans. They took billions. Why no news stories? You have to stay on them, and check out the reason you get a denial. If you have a SunTrust denial question post it.
__________________ SunTrust Predatory Lending - My personal blog and fight with SunTrust's predatory lending practices. Please take a look and add a comment. |
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| LoanSafe.org Homeowner Guide Join Date: Aug 2007 Location: Southern California
Posts: 2,168
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Why does SunTrust fly under radar, still not participation in HAMP? Quote:
__________________ Keep Fighting! Evan Bedard LoanSafe.org Support Team Please donate via paypal to LoanSafe.org to help keep this forum going The comments by me and the materials available at this web site are for informational purposes only and not for the purpose of providing legal advice. Most of the information you find here is easily available on the internet. You should contact your attorney to obtain advice with respect to any particular issue or problem. The opinions expressed at or through this site are the opinions of the individual author and may not reflect the opinions of the firm or any individual attorney. Please Read our Privacy Policy and Legal Disclaimer Here. | |
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| Senior Member Join Date: Jun 2009 Location: MA
Posts: 109
Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0 | Re: Why does SunTrust fly under radar, still not participation in HAMP? I was told today that I don't qualify because my rental income (have a 3 family and live in one) shows a loss. First of all the HAMP program says that gross income is used. Secondly this is the most asinine thing ever. The reason I show a loss is because of mortgage interest!!!!!!!!!!!!!! If the loan was modified the interest would be reduced. Also included is taxes and depreciation. Really it is so stupid. And this was not told to me by a low level employee. This person is very high up. Come on SunTrust spare me, at least come up with something better. I am so close to issuing press releases. I used to do some web publishing, and my posting here and my blog would be just the beginning!
__________________ SunTrust Predatory Lending - My personal blog and fight with SunTrust's predatory lending practices. Please take a look and add a comment. |
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