Vanderbilt mortgage and their subsidiaries IE Clayton Mobile homes are guilty of fraud. They sell pretty things to fools, and mark up the prices when they install them. Then they put good people in homes that won't hold up to standards, and install them in ways that prohibit the refinancing of the mortgage so the home can be easily repossessed. When other banking institutions look at the underpinnings and footings they flat refuse to refi. The company of Vanderbilt mortgage refuses any attempt to do restructuring of loans so the buyer is stuck with what ever finance rate for the life of the loan. If you are in financial distress, and need to have a loan modification forget about it. The companies of Vanderbilt are too greedy to give you a break in the rates. Remember they will repo the home. Your credit even if it was good prior to doing business with them will end up ruined. They don't care. Mobile homes are made well enough to look good on the outside when you get them, but finance companies want a permanent foundation that can hold the house in place. Vanderbilt does not. They want the property back. They can then resell it for more than it is worth again.
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