Vanderbilt Mortgage & Finance Never ending LOAN! ripoff Maryville Tennessee

I purchased a mobile home from Clayton Homes March 5th 1999. In November of 2006 we hit on some rough times and we are now staying about a month behind. We were threatened with foreclosure when we were only half a month behind. I have been scrapping and trying to work with this company, but realized things were getting worse. So yesterday I called to get a payoff amount to sell this trailor. And found in 8 years we have only paid $3000 towards the priciple! Each year we have owned this our payment has always increased even with good payment history.

Our original cost for the trailor $29,973.00 deducting our $1,455. down payment lowered it to 28,518.00. Once it was financed we owed $30,519. Now 8 years later in order to rid ourselfs of this monster and horrible company we still owe them $26,982.26. And yet last year our payoff amount was 26,881.56. If paying on a trailor how can the cost go up $100. How can this be. If my calculations are correct our oringle finance of $88,523, is now going to be closer to $100,000. Can they actual keep raising the cost of our home and loan??

Joy
Franklin, Kentucky
U.S.A.