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Report: VANDERBILT MORTGAGE

Category: Mortgage Companies

VANDERBILT MORTGAGE RIPOFF CRUEL TO ESTATE WILL NOT LET ANYONE ASSUME MARYVILLE Tennessee

*Consumer Comment ..I'm sure you have learned this by now.

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VANDERBILT MORTGAGE

Phone:  800-970-7250
Fax:  
 
500 Alcoa Trail
MARYVILLE, Tennessee,
U.S.A.

Submitted: 6/29/2007 11:13:16 PM

Modified: 7/2/2007 10:30:37 PM
Reported By

Josilyn

itasca, Texas

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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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Updates & Rebuttals:

Updates & Rebuttals
  • assumable mortgages Denise [6/30/2007 8:15:01 AM]
  • I'm sure you have learned this by now. Nikki [7/2/2007 9:46:31 PM]

ConsumerComment

Submitted: 6/30/2007 8:15:01 AM

Modified: 6/30/2007 10:31:28 AM
ConsumerComment

Denise

Albemarle, North Carolina
U.S.A.

assumable mortgages

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.

ConsumerComment

Submitted: 7/2/2007 9:46:31 PM

Modified: 7/2/2007 10:30:37 PM
ConsumerComment

Nikki

Coconut Creek, Florida
U.S.A.

I'm sure you have learned this by now.

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).

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