predatory and subprime lending practices

[Aileen B]

i bought a mobile home, and sold it to my kids, i wanted them to be able to just assume the payments, but the company used said we couldnt do that, that it had to be re-financed. the refinancing raised the rate to i think 3 percent, from what i had, plus the company said i had to co-sign for them. i since found out that that was subprime lending or predatory, isnt that deceptive sales practices? anything that can be done? there was no truth in lending statement, and i am not on the title, is there anything they or i should or could do? shouldnt this all be illegal? the company that owns the mobile home park took care of everything from selling the mobile home, setting up the mortgage with a company, and all the paperwork....

 

[HomeGuru]

File complaints with www.ftc.gov and www.hud.gov

 

[Aileen B]

Thank you HomeGuru, any pointers on how to file the complaints that will get the best and fastest results?

 

[HomeGuru]

I gave you some national contacts that could give you some other national offices as referrals.
On a State level: File with the mortgage licensing office and the Attorney General. The fastest would be to file your own civil complaint using the best attorney in town.

 

[Aileen B]

Thanks HomeGuru, you are much appreciated, if you think of anything else that would be helpful, please let me know !
Have a GREAT day !