I have been a victim of First Franklin. I went into bankruptcy to save my home. I had to request a copy of my original loan documents as I was not given a complete copy at closing. Upon review of my docs, I noticed that my Truth In Lending Disclosure is incorrect. It shows that my loan is fixed for 5 years before adjusting. Actually, it adjusted after only 2 years, which is what put me in hot water trying to make the higher payments much sooner than expected. However, by them showing the rate and payment fixed for 5 years, it also showed an incorrect total of payments as well as an inaccurate APR. In addition to that, my spouse did not sign the TIL Disclosure. I live in a dower state that requires both spouses to sign this document. I am in the process of fighting the loan in it's entirety. From the beginning, it was not properly disclosed and very deceptive to me. If anyone else has had this experience, please let me know. I think that would make a great class action.
