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HA! I have never EVER made a late payment to VMF..

Did I say ever? I recently asked if there was any way to get my rate lowered (considering I was approved just a few months ago for prime 5%) I didn't think i would have a problem. Several months ago, a vmf rep told me I could speak to an account manager about getting my rate adjusted (lowered).. sometimes they do that for good standing customers...

So, i submitted my request thru the website and have NEVER received a call from them. (only an email saying my request was forwared to the correct department and I would receive a call in 24 to 48 hrs).. So in this time my husband and I start looking for land and in this time speak with a bank on their mortgage and land programs and just happen to mention VMF. Other banks DISPISE and HATE to deal with VMF.

This coming from a branch manager! how messed up is this??

They have already caused our buyer to back out of buying our house, will not talk to us and now this.. It's almost impossible to break away from this company.

Location: Atlanta, Georgia

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Guest

Berta I commend you, i have worked in collection for several years and you are 100% right. Communication is the key.

They do not want to have to call you, and I know I always will work harder for a person who calls me for help then someone i have to hunt down who ignores me.

I wish you the best in life berta!

As for the bailout all that was is a loan to the companies that they must pay back as if you borrowed money from a bank. Vanderbilt nor clayton took any kind of bailout.

Guest

brian is right. I've been late but, i've always answered my phone.

I've always called them. I have always been honest with them and they have been honest with me. I have no problems. I am late, they know it, I know it.

I'm trying, they know it and I know it. I can't change what is, I can only change my reaction to it! I signed the debt - I own the debt - period. for me there is no chapter 7 or 13, that's a coward's way, not answering the phone same thing.

pick up the phone and talk to them. they are not going to *** you they've been there, they're dealing with people who are late all the time. you aren't special. you're not the only one in the world who's struggling.

get the *** over it, i'm in the same boat, welcome to my world. ride the waves, and hang on, enjoy the view before the government owns you too! there is no bail out for the little man. *** rolls downhill, and buddy we are at the bottom.

so get up and ride that's all you can do man, is ride. it is, what it is.

Guest

If they foreclose on your home you are still repsonsbile for any balance once they sell the home. They can sue to garnish your wages and put a lien on anything you own.

You ask what do when you have a loss of income, and that is a choice that the person must make, but the same as if you are renting an apartment, if you do not pay you will loose the home, it is that simple. You dont pay your electric they shut it off, you dont pay your car they repo it, you dont pay the cell phone bill they shut it off, your home should be no different.If you file chp 7 or 13 then you have the bk on your credit for 10 (bk stay on 10 not 7 as bad credit does) and unless you return it under chp 7 you still will have the payment and if you do not pay it they can go to court and repo as normal. If you answer their calls and talk to them they would not call your neighbors and family, but when you ignore them they have no choice but to try to get a message to you. I will tell you as someone who have filed chp7 7 years ago, depending on the job it can be very hard to get a job because a lot of co now run your credit before you are hired and i was not hired for several jobs due to that.

Also any loan you get will have higher interest rates and will cost you more in the long run.

Also ins co run your credit and this can lead to higher ins rates for cars and home. Unfortuantly you signed a legal contract to pay your home no matter what, this is no different then if you were renting the home, failure to pay and you can loose the home.

Guest

My boyfriend and I purchased a mobile home together because we needed more space and thought it to be a better option than buying a more expensive house or throwing money away on an apartment. Boy did we ever screw up!

I wish with all my heart that I had never heard of Vanderbilt! Our payments did get off track and I accept full responsibility for my being late on payments but when you have a loss of income and you have to decide on weather to feed your children and keep them warm or pay Vanderbilt...what do you do? When we bought the MH we opted for an upgrade on windows and insulation to save on energy costs...this place is so drafty that our electric bills have only increased which is only hurting us further. I just want to be free of this place and don't know weather to file chapter 7 or 13 bankruptcy or just let them foreclose on the thing...it just seems that each month it gets harder and harder to fend off the embarrassing phone calls to me, my sisters, my parents, my aunts & uncles, my neighbors and anyone else they can find linked to me!

I really feel like a guppy in a shark tank!

Someone please offer some help or good advice. :cry

Guest

Vanderbilt mortgage does not refinance any of their loans. also if somneone offered you a 5% rate on a mobile home you better grab it as mobile home mortgages are always higher with any company.

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