• Report: #253101

Complaint Review: Vanderbilt Mortgage

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  • Submitted: Thu, June 07, 2007
  • Updated: Mon, June 08, 2009

  • Reported By:Modesto area California
Vanderbilt Mortgage
Marysville, Tennessee U.S.A.

Vanderbilt Mortgage Vanderbilt Horror story Marysville Tennessee

* : wrong info again

*UPDATE EX-employee responds: Bankruptcy Cram Down

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Vanderbilt acquired my load a few years ago. They have been nothing but problems. Although I had direct pay with the prior company, it had been cancelled when I switched jobs. A few months after acquiring Vanderbilt began the direct debt from my account without my authorization, I would file a complain with the bank & get my money back & have to block their access to my account.

They changed my due date stating I was due on the 5th when my contract states 15th... then they charged me a huge late charge when my contract again states $5.00! They began harrassing me & my manager at work, threatening, yelling, cusing, etc...calling repeatedly, even after my manager told them I couldn't get calls at work. I was finally told to get the calls to stop or find another job! So I found another job.

They threatened me, questioned my parenting because I paid my space rent before I paid them, called me racial slurs, cused me out, telling me I had until the weekend to more out, called me 5 am to 10 pm everyday! They had someone come to my house, looking like a drugged up prostitude questioning my neighbors, and taking pictures of my house. She even came to my door one day when I was home & threatened me.... My neighbor received a notice of intent to sell her home and never received a default letter.... I still haven't received a default letter although they were trying the same thing with me!

Now... to get out of all the drama several of us in our park who have all encountered the same thing have filed bankrupcy! They are challenging our appraisal, and somehow I own more on my loan after 5 years than when I purchased it! I will be so glad to stop getting the calls, the threats, although I am still getting block number phone calls during the day they haven't changed their habits....

I did file a complaint with the federal trade commission who sent me a letter to find an attorney... but we need everyone to continue to complain. They need to stop the illegal tactics. Something needs to be done! There's several of us here with horror stories. Can't wait to see them in court...

Rose
Modesto area, California
U.S.A.

This report was posted on Ripoff Report on 06/07/2007 09:36 PM and is a permanent record located here: http://www.ripoffreport.com/r/Vanderbilt-Mortgage/Marysville-Tennessee/Vanderbilt-Mortgage-Vanderbilt-Horror-story-Marysville-Tennessee-253101. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 2Consumer 0Employee/Owner
Updates & Rebuttals

#1

wrong info again

AUTHOR: briana riche - (U.S.A.)


Catherine you of all people should not that cram downs were not passed by congress even though obama tried to pass it when the modification plans were passed. This is a stupid idea and would only hurt people because mortgage co would have to raise rates to cover for the losses. If this was done this way then everytime somebody home went down they would cry they want their mortgage balance lowered. Do you call you car lender and ask them to charge off principal because the value of the car went down when you drove it off the lot no. If we used this thinking then the finance co should be able to raise the principal if your home value went up also.  I am pretty sure no one would want that. You signed a contract to borrow so much money for so long and make payments, it said nothing about if you loose your job, home values went down, that you did not have to pay
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#2 UPDATE EX-employee responds

Bankruptcy Cram Down

AUTHOR: Catherine - (U.S.A.)

Have everyone in your group that filed bankruptcy do what is called a "cram down" on your homes. What it does is bring the loan amount down to what the actual value of the home is, no matter how much is owed on the home!
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