I bought a mobile home in 2002 financed by Conseco. At first the payments were manageable, but it wasn't long before they sold my loan to someone else (according to them) and suddenly my payments increased markedly. I was now paying over $600 a month for a mobile home that was on rented property that was costing me and additional $300 per month. Then, they couldn't get their paperwork right and they constantly told me that I hadn't made payments that I knew I had made, so I was constantly charged late fees that I didn't owe.
Before long, I was told that my insurance had lapsed, and they added their own insurance on my note, which was outrageous, and I was told there was nothing that I could do about it because my contract required that I carry insurance. I tried to tell them that I had not had a lapse in coverage, but they required me to carry theirs until the situation could be cleared up, and noone could seem to tell me when that would be.
By the time I got bogged down with late charges that should never had been and insurance charges that should never had been and taxes that were never corrected because I was never provided the paperwork to be able to file a proper homestead exemption in a timely fashion, I was in a hole that I couldn't get out of. I went away for the weekend and when I came back someone had ransacked my house. It looked like I had been robbed. I guess they had sent their people to ready the house for foreclosure and simply rummaged through it to see what all of value was in it. They had left the door unlocked so that anyone could have stolen what was left inside.
Fortunately, I had moved most of my stuff because I knew I was about to be evicted, but I had not completely moved out yet. What was left in the house was completely destroyed and left in piles in the middle of the various floors. Then they sold (according to them) a 28 X 76 foot doublewide that didn't have a mark of any kind and had a huge wooden porch built on it for $20,000 and filed a $27,000 foreclosure on my record that until this day keeps me from being able to buy a house.
I was notified after I had financed the house that the interest rate that Conseco was charging me was over the allowable limit, but it was too late for me to do anything about it. They take advantage of poor people, single women after divorces, and people with bad credit who don't have other options because they know they can.By the time they get finished with us, we are ruined for years. Someone ought to be able to stop them.
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