In 1995 i bought a mobile home and was financed through another company; sometime in 1996 my loan was sold to 21st mortgage company; for 2 years i payed my payments through military direct deposit; until 21st mortgage contacted me and told me i was 2 yrs behind. After 6 mos of fighting with them and showing proof i had payed they realized that they had put my payments in a john doe account.in 2002 when i was moved by thearmy i could not rent my mobile home so i continued to pay; when i contacted to ask about payoff i was told 50,000.00 which was the same as what i borrowed; i was told that my account was set up as if it was a car and i had compounded interest daily and that because of 2 years of missing payment i incrued more debt. I could not afford to continue to fight with the company and asked how we could settle the problem they said the would pick up the house and sell it for me; i agreed; they said it wouldn't be like a repo; i just got my credit report and 21st mortgage has that i owe then 51,819.00. More than i even borrowed in 1995. I have not heard from this company since 2005 and now i find out they are reporting that i have to pay them 4318.25 a month for 12 months to get this off my credit report. I paid 650.00 a month for 10 years. I contacted a lawyer; however it will cost me over 2,000.00 just to get him to look into it; i can't afford that and i believe that is why they do what they do. Moral of the story is; even if you don't finance with 21st morgage they can still buy your loan and get you.
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