SunTrust Mortgage
Fraud, lies, and deception... And how SunTrust harmed our family

We lived the American dream. We decided to become entrepreneurs and with a lot of hard work and sacrifice, became extremely successful. Our business was acquired after five years in operation by a public company. As a reward to ourselves, we decided to build our dream home.

We signed a construction to permanent loan with SunTrust in May. SunTrust had our lot and plans appraised, subject to completion, for $2.5 million. We only borrowed $1.6 million. We owned the lot free and clear. We had zero debt, perfect credit scores, and $900,000 in equity. The construction loan was supposed to be for 12 months. The bank had us sign a builder direct disbursement agreement which allowed them to pay the builder directly, thus taking us out of the loan disbursement loop.

It is now almost 5 years later, the house is sitting vacant only 60 65% complete, there are over $60,000 in mechanics liens, and all but a few thousand dollars of the construction loan has been given to the builder, Premier Construction, by SunTrusts loan administrator.

Company: SunTrust Mortgage
Country: USA
State: Virginia
City: Richmond
Address: 1001 Semmes Ave
Phone: 8664761460

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