• Report: #822806

Complaint Review: vanderbuilt mortgage

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  • Submitted: Sat, January 14, 2012
  • Updated: Sat, January 14, 2012

  • Reported By: dennis — corinth Mississippi United States of America
vanderbuilt mortgage
500 acloa trail maryville, Tennessee United States of America

vanderbuilt mortgage Vanderbuilt Mortgage is a scam maryville, Tennessee

*Consumer Comment: Dennis, good luck with your lawsuit....

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 I am also a victim of vanderbuilt mortgage . They have gone up on my payments and escrow.I  think we need to file a suit against this company and show them what is like to have to worry about making payments to us . I think they raise our payments up so that poor people will lose what money they have paid and their property . I also so feel that they are scamming poeple out of their escrow one minute you have money  in the account and the next minute it is gone and they dont know happened to it . They blame on anything from late payments to increases on your insurance . My payments have gone up twice since September .I am with anyone that wants to file suit against VANDERBUILT MORTGAGE .

This report was posted on Ripoff Report on 01/14/2012 01:11 PM and is a permanent record located here: http://www.ripoffreport.com/r/vanderbuilt-mortgage/maryville-Tennessee-37804/vanderbuilt-mortgage-Vanderbuilt-Mortgage-is-a-scam-maryville-Tennessee-822806. 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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#1 Consumer Comment

Dennis, good luck with your lawsuit....

AUTHOR: Ken - (USA)

What, exactly, will your lawsuit allege?

Will you sue them for raising your escrow payment for increased property taxes?

Will you sue them for raising your escrow payment for homeowner's insurance?

"one minute you have money  in the account and the next minute it is gone and they dont know happened to it ."

They know what happens to it, you don't.  It pays the above mentioned taxes and insurance.

If they have "gone up on your payments and escrow" what did they tell you when you asked them about the "payments" part of this"

The contract you signed allows them to collect appropriate amounts to have the funds available to pay your expenses when they are due, and they are YOUR expenses, NOT theirs.

"They blame on anything from late payments to increases on your insurance."

Now why would they want some extra money to make up for your late payments, how rude of them.

Here's a thought for you, if they didn't maintain an adequate escrow account to pay YOUR bills when due, would you reliably save adequate amounts to pay them yourself?  I already know the answer and that's why you pay into an escrow account.
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