Vanderbilt Mortgage and Finance Inc
Still owe $45,457.70 on a $50,000 loan after twelve years

I started buying our house in 1996. Our first mortgage company was Deutsche. I guess Vanderbilt bought them out, because now we are paying vanderbilt. Our original loan was for $50,000 on a doublewide mobile home. Well, here we are twelve and a half years later and we still owe $45,457.70. Our interest rate is 10.9. On a $474.61 monthly payment $76.19 goes to the principal $398.42 goes to interest. We called them about trying to work something out about paying our mortgage, because of my recent unemployment situation, they said call a church. They threatened us with foreclosure. Years ago we called about this and we were told, as the years went by, more of our payment would go towards the principal. That doesn't seem to have kicked in yet.

We have recently considered refinancing. We didn't know about being able to refinance without the land until recently. I think they call it chattel. I guess we seem pretty stupid. Well, we've learned a lot having this place. This is an Oakwood home. It is a piece of crap, a money pit. The whole setup and everything with setting it up originally is so crooked, I can't even begin to tell you everything in this e-mail. We really need help, but just don't know where to start.

Company: Vanderbilt Mortgage and Finance Inc
Country: USA
State: Tennessee
City: Maryville
Address: PO Box 9800
Phone: 8009707250

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