SunTrust Hit With Action Over Loan Fees, Foreclosures

Law360, New York (August 31, 2011, 8:16 PM EDT) -- SunTrust Mortgage Inc. and its parent were hit Wednesday with a putative class action in Illinois federal court alleging the lender improperly assessed late fees and foreclosed on homes even though the plaintiffs say they complied with their contracts.

Purported lead plaintiff Sigrid Garavito filed the suit against SunTrust and SunTrust Banks Inc. targeting the lender's loan modification practices developed in response to the economic crisis, practices that she says punish mortgage holders when they follow rules specifying that they can make reduced payments following a...
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Case Information

Case Title

Garavito v. Suntrust Mortgage et al


Case Number

1:11-cv-06056

Court

Illinois Northern

Nature of Suit

190(Contract: Other)

Judge

Honorable John A. Nordberg

Date Filed

August 30, 2011

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