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slikrnu · 03-13-2008, 07:56 AM

Please help to point me in the right direction.

I am a victim of predatory lending. My home is currently in foreclosure and I am having to file bankruptcy to save it.

While looking over my loan documents I signed when I purchase it, I noticed that the Truth In Lending page I signed does not show my payments changing. It only shows them staying the same. However, they did go up substantially after 3 years and every 6 months thereafter.

I did sign a an adjustable rate note, but the actual Truth In Lending does not properly disclose that my payments would go up and by what amount.

Is there anything that can be done about this? Aren't lenders supposed to properly disclose all the facts?

The lender was First Franklin Financial.

If you know who might be able to answer this or help me, please let me know.

Thanks.

Independence, KY

03-13-2008, 07:56 AM	#1 (permalink)
slikrnu Junior Member Join Date: Mar 2008 Posts: 2 Nominated 0 Times in 0 Posts TOTW/F/M Award(s): 0	Close to losing First Franklin Please help to point me in the right direction. I am a victim of predatory lending. My home is currently in foreclosure and I am having to file bankruptcy to save it. While looking over my loan documents I signed when I purchase it, I noticed that the Truth In Lending page I signed does not show my payments changing. It only shows them staying the same. However, they did go up substantially after 3 years and every 6 months thereafter. I did sign a an adjustable rate note, but the actual Truth In Lending does not properly disclose that my payments would go up and by what amount. Is there anything that can be done about this? Aren't lenders supposed to properly disclose all the facts? The lender was First Franklin Financial. If you know who might be able to answer this or help me, please let me know. Thanks. Independence, KY