Vanderbilt Mortgage And Finance
Paid only $2000 in five years on a $19,000 mobile home loan

My husband purchased a used mobile home in 2002. He had financing through Oakwood. As everyone knows Vanderbilt ended up with the loan. When he purchased the trailer the total was $19,000 which now I think was to much for a 9 year old trailer. We decided to get it anyway because we were living with our parents and needed a place to live. We decided to buy something that would be ours instead of renting.

Well as of today we still owe almost $17,000 dollars and they told us we still have 9 more years to pay on it. I want to know were is the money going. It is hard for me to believe that we have only paid $2000 in 5 years. Why is it you can buy a car for the same price and have it paid off in 5 years but not a home.

We have also had problems with them calling all day everyday if the payment was a day late. What happened to the grace period our payment book says we have.

If anyone has information about a class action lawsuit please let me know. If enough of us get together we can take these people down.

Company: Vanderbilt Mortgage And Finance
Country: USA
State: Tennessee
City: Maryville
Address: 500 Alcoa Trail

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