Fifth Third Bank Mortgage Complaint

Fifth Third Bank Mortgage department,

Other mortgage Loan modification,collection,foreclosure Michigan

On -/-/-, I obtained a loan to purchase a - from fifth third bank in the amount of $200000.00. The loan was secured by my residence and they obtained - mortgage on the residence.. My loan is a labeled as a Commercial Term Note with Fixed interest rate of 8.440 %. My payment is $1900.00. The effective date of loan is -. The maturity date of the loan is -/-/-. My payment schedule is suppose to be Principal & interest due on the - of each month beginning -/-/-. There is also a 1 % prepayment premium to any prepayment check. I believed my loan would be paid off on -/-/-. A recent statement shows I still owe $ -. I called Fifth Third Bank and explained there was an error. They informed me I have a balloon payment due. And - months later, they are now calling me and telling me that they are beginning foreclosure proceedings against my residence as they claim I am in default for putting my mother on my house with me and furthermore they claim that since I filed bankruptcy back in - and did n't file to renew the loan ... I am in default and being foreclosed. I have never missed a payment or been late. In addition, I have loan documents and it was NOT A BALLOON LOAN. NOWHERE DOES IT SAY IT IS A BALLON LOAN.. If there was a balloon I would suspect they would have included it somewhere on my documents. It is nowhere. But the prepayment penalty is clear. I believe that the bank has been deceptive and misleading. And they failed to disclose a material item like owing over $ -. They are calling and asking what I am doing about it and asking where I am going to get the money. They told me they want the loan paid off now and that if I do n't inform them soon on where I am getting the money to pay them off, they will continue foreclose proceedings against my residence. This is unfair and deceptive.