Vanderbilt Mortgage
Less Than $1,000 Applied to Principal After Seven Years

I am submitting this complaint in the hopes that others will read this and not fall into the same trap as my husband and I did. We have been dealing with this crazy crap for 7 years now and I am sick to my stomach about all that has gone on along the way. I have recently found out that after paying on our home for 7 years now, that less than $1,000 dollars has been applied towards the original loan, and all of the rest of our money has went straight to interest. Also, we're paying what we thought was a ten year loan, but as I recently found out it was a 20 year loan! This means that we are now going to have to pay over $120,000 for a trailer whose original cost was less than $39,000. WHATEVER YOU DO, DO NOT LET THIS COMPANY FINANCE ANYTHING FOR YOU!!! They are frauds!!! The trailer is falling apart. It needs new plumbing, the central heating and air hasn't worked in 3 years, and the cabinets are falling. It needs to be re-insulated, and the appliances have all crapped out years ago. The trailer is a Clayton which we bought at Luv Homes in Alabaster. These people are preying on the working families who are already struggling to make it in this screwed up economy. My husband and I have suffered so much stress and anguish over this that I would love to sue just to see them get their just deserts.

Company: Vanderbilt Mortgage
Country: USA
State: Tennessee
City: Maryville
Address: po box 9800
Phone: 18009707250

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