voiceofreason
North Carolina,#2Consumer Comment
Tue, April 03, 2012
Once they stop accepting payments it generally means they intend to pursue foreclosure. I think you need to be proactive on this and get legal help, before they start tacking all kinds of additional fees onto the principal and dig a hole you'll never climb out of.
One way or another, though, you need to find a way to pay this thing on time. One might expect them to grant leeway when a payment is late once in a blue moon, but not when it becomes an every month occurrence, and 2 weeks late every month, not just a day or two. Your pattern of lateness probably gave them sufficient grounds to consider the loan in default.
Ken
Colorado,#3Consumer Comment
Mon, April 02, 2012
They are trying to protect THEIR property (the trailer) and that includes making sure lot rental is being paid to prevent liens against THEIR property.
You DO know it's THEIR'S until fully paid for, don't you?
"Is there anyone out there that would like to start a lawsuit against Vanderbilt. We have to do something!!!!!!!!!! We can't let them get away with this anymore!!!"
"Had my mobile home financed through Chase and they were no longer going to finance mobile homes so they sold my note to Vanderbilt. WOW my life has been h**l ever since."
What would this lawsuit allege? They appear to be following the law concerning your late payments and protecting their asset.
What does the Chase loan sale to Vanderbilt have to do with anything?
Would Chase just have ignored your late payments and failure to pay space rental in a timely manner?
I think they would have acted in a very similar fashion.
I hope your finances improve soon and wish you luck, but I don't see ANY Ripoff here.