People in Virginia who lost their homes because SunTrust Bank foreclosed on them could be eligible for payment, under a $550 million SunTrust national mortgage foreclosure settlement.
There are approximately 3,050 qualified borrowers who lost their homes between January 1, 2008 and December 31, 2013.
They’re urged to respond and get a packet from Attorney General Mark Herring that includes a one-page claim form. That form must be returned by June 4th.
The AG’s office says SunTrust agreed to a $550 million national settlement with the federal government, Commonwealth of Virginia, 48 other states, and the District of Columbia after investigations alleging numerous violations in its servicing of mortgages and its foreclosure practices.