First of all, I would like to say that I have read enough! I have read the complaints about VMF and I would like to give a "neutral" opinion.
Many of you are saying that you are mad that they resort to calling your neighbors and family members when trying to collect payments. Don't you think you could avoid that situation by simply making your payments? If not, couldn't you work out some sort of an arrangement and actually follow through with the arrangement you make? I can bet that these collection representatives have to hunt you down just to get you on the phone. I can also bet that many of you have made bogus arrangements and therefore the collections representatives don't trust you and aren't willing to work with you!
This brings me to my next point...what exactly do you expect from a mortgage company? Many of you state that you want them to work w/ you, but are you willing to work with them? I am sure that there is only so much they can do for you...! Also, remember, they are employees and they do have to answer to their supervisors.
In addition...who is the one that is on the contract? If you sign a loan document, it does make you legally responsible for paying the payments in a timely manner. I can't believe that some of you actually think that it is not a big deal to be behind 3 or more payments with your mortgage company! Is that fair to those of us that actually make the payments on time? Not to mention...legally you are in default after being 30 days delinquent, and that is the beginning of foreclosure!
Also, I read a complaint about being served papers for foreclosure on a home that belonged to someone's deceased parent. Legally, they have to notify any and all possible heirs to the estate if the person didn't name an Executor of Estate before dying. If I were you I would be glad!
Lastly, I read some complaints about a lender placed policy for insurance. If a mortgage company doesn't have proof that you have insurance on the home, they have no choice but to insure it themselves. It is your fault that you didn't provide proof of insurance in the first place. The people that are "repaying" the lender placed policy after they provide the company with their own proof of insurance are people that have what is called a "lapse" and they would be responsible for paying for the time that the mortgage company provided the insurance. For example...if your insurance expired in December and was cancelled due to non payment of premiums, the lender would start their own policy in January. Let's say that you got insurance again in March and provided them with proof of coverage, you would still be legally responsible for January and February premiums for the lender placed policy. Make sense?
If I were you, I would be happy that they agreed to finance you with the poor payment history that I have read about on this site!
Review about: Vanderbilt Mortgage Loan.