Universal American Mortgage Company, LLC Mortgage Complaint

Universal American Mortgage Company, LLC Mortgage department,

Other mortgage Settlement process and costs Virginia

I purchased a home from - in 2006, and Universal American Mortgage - handled the mortgage. I recently became aware that the second mortgage principle balance was not being reduced much, and that the mortgage was structured as a balloon ''. The second mortgage is a 15 year loan, so I thought that after 9 years worth of payments ( 60 % thru the loan period ) that my outstanding balance would be approximately 40 % of the original loan amount - $72000.00 -. Unfortunately, my balance is $ - - 93 % of original loan amount ). We were able to refinance the primary mortgage under HARP after the loan was foreclosure-bound due to the annual rate escalations. My wife and I feel we have been taken advantage of ( robbed - by Universal. I did n't realize that 14 years of payments would total $ - ; only to still owe an additional $ - - $ - total ) on a loan amount of $72000.00. Is this fraud?