VANDERBILT MORTGAGE
500 Alcoa Trail
MARYVILLE Tennessee
U.S.A.
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VANDERBILT MORTGAGE RIPOFF CRUEL TO ESTATE WILL NOT LET ANYONE ASSUME MARYVILLE Tennessee
1Author
2Consumer
0Employee/Owner
My husbands grandmother died a year ago and the house we live in is in her name. There have been alot of people who have tried to assume her loan but Vanderbilt WILL NOT let anyone assume it! WHY? They have also harrassed us about payments! This company will not stop! Here's an idea...EVERYONE JUST LET YOUR HOUSE GO BACK...TELL NO ONE TO BUY FROM THEM...THEN THEY WILL HAVE A FRONT YARD FULL OF USED TRAILERS! THEN SEE HOW THEY LIKE BEING TREATED LIKE A SCIENCE RAT! We're just trying to get this house out of grandma's name and they are actually holding up the estate...AM I RIGHT?
Josilyn
itasca, Texas
U.S.A.
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REBUTTALS & REPLIES:
1Author
2Consumer
0Employee/Owner
Updates & Rebuttals
#1 Consumer Comment
AUTHOR: Denise - Albemarle (U.S.A.)
SUBMITTED: Saturday, June 30, 2007
POSTED: Saturday, June 30, 2007
Assumable mortgages are almost non-existent these days. If you have ever had a mortgage of your own, you would have been given information on this. You could sell the home, rent it etc. But do not fault a company for not letting others assume an existing mortgage. It was probably never set up that way to begin with.
#2 Consumer Comment
AUTHOR: Nikki - Coconut Creek (U.S.A.)
SUBMITTED: Monday, July 02, 2007
POSTED: Monday, July 02, 2007
Assumable mortgages were not longer sold after around 1990. If grandma's mortgage was financed after that, it is not assumable. No mortgage company will allow someone to assume a mortgage anymore unless it was an assumable allowed mortgage sold before 1990 (or close to that).
