SunTrust Home loan, based for the Manchester, has registered dozens of litigation for the past eighteen months when you look at the a journey to recoup huge amount of money of small firms that offered loans so you can SunTrust you to ran crappy.
Just what we have been seeing is actually good microcosm off what was going on on financial industry, said Kevin Funk, a legal professional that have Richmond law firm DurretteCrump who has defended alot more than just twelve mortgage company defendants in these instances. Starting with quick cash. You flake out their standards. Now we have been seeing the fresh fall-out.
SunTrust Home loan provides recorded more than 100 suits inside the East Section Federal Courtroom inside Richmond. About fifty was indeed registered from inside the Henrico State Circuit Court just like the mid-2011.
The fresh legal actions accept businesses from across the country, with visible hotspots such as for instance Southern Fl and you will Ca, in addition they look for paybacks anywhere between $seven,000 to help you over $one million. Continue reading “SunTrust Home loan continues on good suing spree”
