CINCINNATI, Oct. 11, 2010 (GLOBE NEWSWIRE) -- ATTORNEY ADVERTISING -- Strauss & Troy law firm has filed a lawsuit against SunTrust Mortgage, Inc. and SunTrust Bank, Inc. ("SunTrust") alleging that SunTrust deceived homeowners into paying thousands of dollars for promised home loan modifications under the United States Treasury's Home Affordable Modification Program ("HAMP") and then failed to follow through on the agreements. The class action complaint was filed in the U.S. District Court for the Eastern District of Kentucky, by William and Elizabeth Vincent seeking to represent other homeowners who paid for promised mortgage restructurings. HAMP is a federal government program which provides incentives to participating banks to enter into agreements with homeowners to adjust existing mortgages to make them more affordable. The complaint alleges that after accepting the offered modification payments, SunTrust wrongfully refused the permanent modifications and in some cases forced homeowners into defaults. The lawsuit accuses SunTrust of breach of contract, breach of implied covenant of good faith and fair dealing, and violation of Kentucky's Consumer Protection Act and violation of the Truth in Lending Act.
If you wish to discuss a similar experience involving SunTrust Bank or another lending institution, or if you wish to review a copy of the complaint, please contact Jack Gatlin, Esq., or William K. Flynn, Esq. or legal assistant Annie C. Jansen, Strauss & Troy, 800-669-9341 or by e-mail at jsgatlin@strausstroy.com or wkflynn@strausstroy.com.
The Strauss & Troy law firm, with offices in Cincinnati, Ohio and Northern Kentucky, has successfully prosecuted class action litigation for violation of consumer and investor protection laws. For more information, visit Strauss & Troy's website at http://www.strausstroy.com.