Complaint Review: Vanderbilt Mortgage
- Vanderbilt Mortgage
500 Alcoa Trail
- Phone: 800-970-7250
- Category: Mortgage Companies
Vanderbilt Mortgage ripoff, mean, unable to deal with Maryville Tennessee
*Consumer Comment: We know what you are going through
*Author of original report: Vanderbilt Mortgage, Maryville, TN
*Author of original report: Vanderbilt Update!
*Consumer Suggestion: Consider Your Alternatives
My wife lost her Management job because they closed the store she was working at and I am not able to work the hours that I used to due to health problems. (I used to work about 60 hours per week, now I work only 40). So, we fell a few months behind and I'm not sure how we will get caught up.
We are doing a telephone transfer of one month's payment on Monday and from what I have read, that may be a mistake because now they have our account numbers and could possibly do that again without my knowledge or approval. Luckily I live in a small town and know the bank personnel well and hopefully a phone call to the bank will stop all further withdrawls from VBM without my consent.
And the insurance thing. I questioned why my payment which was regularly $615.71 went up to $699.76. It was because they didn't have proof of my insurance. So we faxed them a copy of the declarations page on Wednesday and from what I have read from other posters, I am sure that is going to be a battle trying to get that money back from them.
I am afraid that our home is going to end up repossessed. I am curious if anyone else has gone through a repo with VBM and what their experience was. I have searched for hours on end on the internet but I have yet to be able to find anything that deals with the legal aspect of Mobile Home reposession. I am really curious as to what my legal rights are, what the process is (I am pretty sure that I have received all the appropriate notices) and how long I have to move out once it is decided that they come and get it. If I could afford an attorney, I would hire one.
I will try to post updates as they happen.
This report was posted on Ripoff Report on 02/27/2005 09:08 AM and is a permanent record located here: http://www.ripoffreport.com/reports/vanderbilt-mortgage/maryville-tennessee-37804/vanderbilt-mortgage-ripoff-mean-unable-to-deal-with-maryville-tennessee-133019. 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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