Real Estate Law
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Whether or not the loan modification was legal or not would require an extensive review of the documents you signed as well as the law related to this........but, it is certainly possible that something was done improperly if your loan ended up increasing by $195,000 and you didn't know it.
However, the best way to deal with this -- in most situations -- is to file chapter 13 bankruptcy and set up a payment plan that you can afford and get away from this loan modification.
You could get around the loan modification -- whether it's legal or not -- if you choose to file a chapter 13 bankruptcy and establish a payment plan through the bankruptcy court.