Gayle
Knoxville,#2Consumer Suggestion
Fri, April 27, 2007
Do any of you read the contract before you sign? a mobile home, single or double, land or not, foundation or block is just that ... a mobile home. It has a title like your car. Read the contract fully before you sign it and you will understand what you are contractually obligated to. First, any contract you sign states you accept full responsibility for the balance of the loan. Also, read the default clause and repossession clause. It generally states your payment is late if not made by the due date. This means no grace period. And that means you are in default of your loan. When in default action can start right then. This is a reposession not foreclosure because it is a vehicle. Second, read right above or below the truth in lending. If it states per diem or accrue that means your payment will accrue interest daily from the last payment received until the next payment comes in. So if your payment is even a few days late this means you accrued interest which will come out first. And a contract is not like a phone bill. It cannot just be transferred over. This is a legal and binding agreement. A divorce decree doesnt change that. A divorce decree is so that if you do not make the payments and the home is in your ex spouses name your ex can take action against you. If you are not on the contract they do not have to realease information to you. It is illegal without authorization from the actual signor and if the signor does authorize the company to talk to you they still do not have to. If you do not understand what you are signing then you may want to not sign until you can present the contract to someone who can explain it to you. The notices that are sent to you do explain your rights and responsibilities. Good or bad. If you need anything else explained to you about how your mortgage works feel free to ask me. I have no problem explaining this to you so you can make the most of your money instead of building up an interest deficit that you cant pay back and that you did to yourself by not understanding how to make your money work for you. I hope this helps you all.
Adrienne
Hickory Grove,#3Consumer Comment
Mon, March 26, 2007
I too am a victim of Vanderbilt Mortage Company. My ex-husband and I have been divorced going on 7 years now. In the divorce I received our moblie home. I called Vanderbilt to let them know I have "custody" of the home and they told me that I had to send them a copy of the divorce decree stating it, so I could get everything change into my name. Well I did and they still haven't changed anything. Here I have been paying on a single wide mobile home for 7 years and still haven't gotten anything changed. Everytime I have had to call them they tell me that they can not tell me anything about this account because my name is not on it, that my ex-husband has to send them a letter verifying that its alright to release the information to me. Well he has, 4 times and the paperwork mysteriously disappears everytime. It is on a variable rate and it has fluctuated from $460 a month to now $565 a month. No one in this world is willing to do anything to help me get out of this situation, so my daughter and I can actually afford to live. I have to struggle every month to make the payments because I refuse to let Vanderbilt gain control of my property that is tied into the account as collateral. Vanderbilt needs to be stopped, the not so wealthy people in this world should be given a chance! I know I sure could use it and so can many others who are doing everything they can to stay on top so another Mortage company can't take their land right under them. I have always made my payment on time except maybe twice since the account was started with a check and in my name, but I still have no legal rights because I am not on the account. When the moblie home was purchased it was purchased at $42,000 and I have been paying like I said for & years and I still owe almost $35,000. Whats up not getting enough of my money, so you keep raising my payments to fatten up your pockets? Concerned account, Adrienne Hickory Grove, South Carolina
Michelle
Lancaster,#4Consumer Suggestion
Sun, January 14, 2007
We have filed a lawsuit against Clayton Mobile Homes and are looking to make this a Class Action Suit. We can be reached at (((ROR REDACTED E-MAIL ADDRESS FOR SECURITY PURPOSES))) . Our lawsuit is in front of U.S. District Judges even as I type this. It is very important that everyone that have had a problem join us in bringing this giant to it's knees. We wish everyone who is having problems the best in correcting these problems. CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.
Leigh
Lutherville,#5Consumer Comment
Tue, July 04, 2006
lawyer not want to defened just one person in a law suet when it comes to fighting large compianies it is to costly. you need to file a complaint with the federal trade commission, your states banking and finance department, insurance commissioner office. the federal trade commission has to have so many complaints about a company before than go after them. they told me to get as many people with the same problem i have concering vanderbilt to complain. so please call asap to file your complaint
Charles
Westmoreland,#6Consumer Comment
Sun, June 25, 2006
we really could use a class action suit i have a horror story about vanderbilt as well
Phillips
Portland,#7Consumer Suggestion
Mon, April 03, 2006
I wish we could form a class action suite. We just refinanced, and after 6 yrs of mortage payments, we still owed almost the same, as when the loan waws new !!! We went to an attorney, didnt do any good. After they ran up their tab to $ 2000.00....(we gave them all cancelled checks for the loan since the begining of time.) and they took 5 months, ( trying to put checksin order (they were in order when we gave them to them) and they tried to match to vanderbilt (and couldn't) the attorney's then gave back all of our stuff, and said we needed to hire a forenece accountant. And told us "they" cost alot of money. You should be happy you refinanced and just forgive what happened to you by vanderbilt. !! Forget !!!! hardly !!! they owe us money. Is Everyone OWNED by VANDERBILT ???
Lj
COTTONTOWN,#8Author of original report
Mon, April 03, 2006
If anyone is filing a class action suit! Please let us know and if anyone knows of an attroney that will or as dealt with THIS COMPANY PLEASE CONTACT US!!!!! Maybe is we all keep pushing luck will take our side before they act again!!!!!!!!!!!!!!!!!!1