Vanderbilt Mortgage and Finance
Simple interest loan from 1999 leaves large balance and unsellable home

In 1999 my mother in law entered into an agreement with this company for a simple interest loan for a mobile home that sold for $27,000

11 yrs later $40,000 in interest balance $23,000 and some change.

Can't sell the home, the housing market down thanks to our economy

She was suppose to be only a co-signer, she never filled out a lot lease

In the rules it states only the title holder can live in the home, so we have seen harassment over this whole ordeal.

We moved in, didn't know anything about the terms, filled out a lease.

She did not tell her husband about the loan and now we can't sell it because we
are not the actual owners this bank won't neg a reasonable cash pay off with us.

And the mother in law expects us to be 0 responsible for it. I have advertised it, but her husband answers the phone can tells the buyers "wrong number"

This has caused my Family a hardship, I'm here to warn others

Never trust your in Laws

And never trust a company that offers a simple interest loan.

Company: Vanderbilt Mortgage and Finance
Country: USA
State: Tennessee
City: Maryville
Phone: 18008220633
Site: vmf.com

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