Select Portfolio Servicing SPS Fraudulent modification Salt Lake City Utah

Our loan was with Countrywide, sold to BoA, then to SPS.  We have been working on a mod for over a year.  Finally got papers yesturday evening.  Modification terms include a higher interest rate, a higher principle, and $200,000 balloon payment at maturity.  I dont understand how this is legal.  If i agree to the mod I will be paying the principel plus interest plus the balloon.  

Essentially I will pay just under a quarter of a million dollars for a home that is currently valued at just under $300,000.  On top of that, I recieved papers on the 15th and have to return them by the 18th.  How is a family supposed to make an educated decision in 2 days?? This company needs to be put out of business and the people responsible need to be held liable.