My question involves real estate located in the State of: Ca.

I have an auction date for my home on July 15, 2011. I will most likely file for bankruptcy at this point.

At the time I took out this private party loan, I was charged $15,000 for a $150,000 loan on a property that was free and clear. I had only wanted to take out a home equity loan for about $50,000 - $75,000 but was offered $300,000. I said no that was too much and they said I should at least borrow $150,000. So I did, thinking OK the extra should really help our business.
The loan was stated income with 10.75 % interest only.
So the loan process went from one referral to another, eventually being closed without me meeting any of the lenders or servicer's involved. The loan fee made my jaw drop but I was in between a rock and a hard spot.

What made me go huh? was last week when I saw a loan servicing company as the original trustee that I had never heard of before. Feeling something not right,I googled that company and found a bunch of lawsuits for racketeering,truth in lending, etc. etc.

I don't know that anything fraudulent was done but my gut tells me there was something very underhanded at the time this loan was taken. Payoffs or something, I can't put my finger on it...

I normally shy away from suing anyone or going to court for anything, any of that but if I was taken advantage of at closing time I am not averse to fighting this if there was bad-doings.