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Legal News

: Lawyers and Settlements

Home Owners Angry About HELOC Changes

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San Jose, CA: They are the latest people allegedly affected through no fault of their own by the current recession: people who had a Home Equity Line of Credit (HELOC account) at financial institutions that are now freezing or decreasing those HELOC accounts. At least one lawsuit has been filed against SunTrust Bank alleging that the firm decreased a client's SunTrust HELOC without proper justification. However, it appears that clients with a SunTrust Bank HELOC are not the only ones who have seen their HELOC accounts affected.

Full post as published by Lawyers and Settlements on September 14, 2009 (boomark / email).

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