Vanderbilt Mortgage And Fiance
PO Box 9800 Simple Interest Morgages (what a rip Off)
- 05-14-2010
- 5
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 Fiance
Country: USA
State: Tennessee
City: Maryville
Phone: 18008220633
Site: vmf.com