Vanderbilt Mortgage and Finance, Inc. Having difficulty modifying my mortgage, They will not follow Obama's guidelines on home modification Alcoa, Tennessee

1.  You cannot be made to pay anything additional to what is in your original contract unless the contract was legally modified with your consent and signature.  The exception to this is if there is fine print in the original agreement that gives Vanderbilt some special permission to up your payments.  If no such agreement exists, this could be fraud.  In your position I would write them immediately and demand a written explanation for the additional payment being charged.  Make sure you date and CERTIFY the letter.  It'll cost you about $7.50 to do this but you will have solid evidence of your complaint and a date when it was filed.

2.  Most of us are not aware that the #1 problem with your a/c units is the relay, which can be replaced for about $150 -- much cheaper than getting hood-winked into a $4,000 replacement.  In your place I'd record the model and serial number on my furnace and on my a/c unit and call the company that manufactures them.  I'd ask them to look up the model and serial number and confirm the date of manufacture of these units.  Then I'd compare that to the date I purchased the home.  I'd make certain they were new, not used.  I'd also review my paperwork, which would tell me whether these units were supposed to be new or if I agreed (in the small print) to be provided with used or demo units. 

3.  You do not have to keep the insurance company they have selected for you.  You have the right to dump any company and purchase insurance with another.  All you have to do is to satisfy the minimum coverage being required (call and ask your mortgage company what that amount is).  Foremost is about the cheapest I've been able to find. 

Good Luck!

is now available at the BANK OF AMERICA page of this site and at the COUNTRYWIDE page in the consumer comments section at Ripoff Report #560128. 

Sounds like you cannot possibly pay for all the expenses given your situation. If only you could find a lodger this would take some of the pressure off. A way to gain more money is also viewed favorably for the paperwork you may need to fill out? Yet without basic necessities this could be a problem? I have a friend struggling through a similar situation, and she has found that the officials realize that a large percentage of the funds that should be available to help folks like you is not being distributed. She thought that she would loose her house, works six days a week, and has a son that is now contributing money since he now works. So the regulators are looking at her situation and may be able to offer help to her. It is pretty scary. I fell into a similar trap when I lost 25% of my income, yet for me by some miracle I was able to find an additional job just until I went through the worst of the situation, and worked overtime whenever I could find an opportunity. I am still living paycheck to paycheck, yet see a light at the end of the tunnel. Too many variables without any security is the new world order. One things is for certain, this too shall pass. Please write a cogent statement about your experience and post on this government website:

http://www.ftc.gov/reports/index.shtm

is availble at this site.