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Oakwood: Wacth out or they'll get you too

Posted: Sun May 09, 2004 1:05 pm
by Diana
Please check out
http://www.badbusinessbureau.com/result ... nce%20Corp


Oakwood Acceptance

Greensboro, NC

These people need to be shut down. They have been targeting low income under educated young couples across Applachian regions. They set you up so you can't do anything. We traded a single wide in with a local dealer and Oakwood financed. They say they are just the financers but the dealers filed bankrupcty yrs ago. They set us up on the land promised the septic and water necessities. I was pregnant and had a five yr old in the home. We lived for 1 1/2 yrs without water or septic using a bucket in the bathroom and water straight from the creek. The dealer advised us to file a backruptcy soon after Oakwood financed us but we could not obtain a loan for the septic and water they hAD PROMISED . Our lot was already rented out and they had rolled away our single wide before they had told us they would not give us spetic and water without the deed to the land which was not even ours. We had no where to go and no choice but to live in the home the way it was. The home began to fall apart and no one ever came back to do any repairs. We didn't even have the money for electicity for the first 6 months. Then after the first year, insurance had to be obtained and because we could not afford to find it ourselves they put it on our payment and we could not make the payment and live in unsanitary conditions. We let the double wide go back, now 6 yrs later they want to make a deal. .25 on the dollar for the amount they THINK we owe which would be 4000.00 we don't have. My husband has been giving plasma just to make it from week to week.

There are similar cases in other states that are class actions but we could not file because of a TN state law. We need a class action in TN against this company and I haven't found anyone to take our case. Please help us.

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Re: Oakwood: Wacth out or they'll get you too

Posted: Sun May 09, 2004 5:37 pm
by rmurray
Well you are going to feel at home now...Oakwood..and all of its companies filed bankruptcy....Clayton has bought all asset of the Oakwood company...

This means that Clayton....Vanderbilt...Claytons finance company has your loan...They are based in
TN...

Why in the world would you even thought about financing a septic and well on some elses property..It is just this sort of thing that has hurt the whole industry..