Report: #701146

Complaint Review: Vanderbilt Mortgage and Finance

  • Submitted: Tue, March 01, 2011
  • Updated: Tue, March 01, 2011
  • Reported By: Hixen — Gaston South Carolina U.S.A.
  • Vanderbilt Mortgage and Finance
    500 Alcoa Trail
    Maryville, Tennessee
    United States of America

Vanderbilt Mortgage and Finance Asked for remodification, did refinance instead making us think it was remodification Maryville, Tennessee

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We asked for a remodification for hardship. They made us think they were doing a remodification and actually did a refinance. All the money we'd paid before that (around $50,000) was down the drain and we ended up owing almost the same thing with another 30 years to pay. They moved the interest from over 10% to 8.5%. Still too high once unemployment ran out. We hired someone to deal with them for a remodification and Vanderbilt wouldn't budge. They lied and said the loan was only 1 year old (from the time of previous remodification/refinance). They would not lower our interest, but swears they don't want our home. So now we're still stuck with 8.5% in our mortgage because they want to run us out of our home and off our land. Had they brought the interest down to a non-predetory level, we could have handled it. Once my husband finds a job, we're going to do our best to get it refinanced with another mortgage because this mortgage company is all about the money, to hell with what your life is like.
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This report was posted on Ripoff Report on 03/01/2011 06:59 AM and is a permanent record located here: http://www.ripoffreport.com/reports/vanderbilt-mortgage-and-finance/maryville-tennessee-37804/vanderbilt-mortgage-and-finance-asked-for-remodification-did-refinance-instead-making-us-701146. 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. Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report. READ: Foreign websites steal our content

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