If there was any way I could walk away without ruining my credit, I would be gone.We found buyers for our home for "transfer of equity" and VMF has done everything they can to screw these people.
Now they have backed out. They originally denied them until our buyers came back saying they could put 1500 down. Then they were approved with 2500. No problem, until they called every other day telling them they had to come up with more $$.
It ended @ 4500.00 and them asking for 2 months payment up front in addition to that as well as 1000.00 more.. They couldn't afford anymore and backed out. In the mean time, I have a contract on a house, with $1k ernest $ lost and still have this mobile home on my hands. They wouldn't even communicate with us.
They would only tell us they are only authorized to talk to they buyer... Hello, It's still my house and I've never made a late payment... Original loan amt, 48,000 already pd 40000 and still owe 44000??? Where is the logic in that.
On top of that, I send extra every month and found out it doesn't even get applied to principal?? I'm hurt, upset, pissed and feel like I have no options. I feel bad for ever recommending these people to VMF and wil never, ever recommend them to anyone else. They are completely unprofessional and highway robbery.
They should be ashamed. However, I don't think they have shame. May the Lord be with whoever gets suckered into their scheems... And for anyone that's wondering, we didn't choose these people.
Our previous mortgage company was Bombardier until they no longer would carry MH loans, VMF bought our portfolio.
Review about: Vanderbilt Mortgage Loan.
Monetary Loss: $44000.