IMPACT: Rose Candelario
Rose Candelario and her husband, Raleigh Blythe, were shocked to find their house on a list of foreclosures- particularly since they had been making regular payments to their mortgage. They found out that they had been tricked into taking out a predatory loan, which included a $15,000 balloon payment that the bank did not disclose to them.Rose: “We didn’t know anything about predatory loans. I didn’t even know what a balloon loan was and how it worked. I thought in 15 years, the loan was supposed to be paid in full. We didn’t know there was going to be a balance.”
