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SunTrust Foreclosures

SunTrust Foreclosures can be avoided even if you are delinquent on your payments. This can be achieved if you are found eligible enough to qualify for the government-backed Home Affordable Modification Program (HAMP). Under the program, your lender may agree to lower the interest rate or the principal amount thereby reducing the applicable amount you need to pay each month. The changes made thus remain effective for the entire loan term. Those who are current with their payments but are in danger of facing financial hardships soon can get assistance through Home Affordable Refinance Program (HARP). However this program can help only those homeowners whose mortgages are backed by Fannie Mae or Freddie Mac. Both HAMP and HARP are parts of The Making Home Affordable Program, an initiative of the federal government.

SunTrust Foreclosures for Sale

A foreclosure is a painful end to the homeownership for some while for others it brings hope to buy a home at an affordable price. The foreclosed homes or properties that come under the possession of SunTrust Mortgage through Deed in lieu of Foreclosure become bank owned properties and are handed over to the REO Department. This department specializes in providing asset management services and making arrangements for their sale in the open market. Real estate agents and brokers are invited to participate in the program and help the bank sell these properties. If you are interested in buying SunTrust Foreclosures for sale in Florida or in any other US state, you can visit suntrust.res.net to see location wise listings of foreclosed properties for sale. More information can be had by contacting the customer service department at 1-800-634-7928.

SunTrust Mortgage Foreclosure Department

If you are behind payments and do not want to part with your home, you should immediately contact SunTrust Mortgage Loss Mitigation Department to explore your loan modification options. On the other hand if you are regular with your payments but see an imminent danger of financial hardships you can contact a SunTrust Mortgage Loan Officer to get help in choosing a viable refinance program. The Mortgage Foreclosure Department is known by the name of Mortgage Loss Mitigation Department at SunTrust Bank. Here are the contact details for SunTrust Mortgage Foreclosure Department a.k.a. Loss Mitigation Department.

Phone Number: 800.443.1032, Option 3

Website: www.suntrustmortgage.com



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