Settlement From Henderson Mobile Home Dealer Not Enough For Victims
Posted November 5, 2004 5:08 a.m. EST
HENDERSON, N.C. — A mobile home finance company recently reached a deal with the state attorney general over people who lost homes due to questionable financing. However, some claim the settlement is not enough for some to get back on their feet.
William Wilkerson said Donald Gupton, of Creative Real Estate, convinced him to take a deal on a mobile home at payments higher than he could afford because he could refinance later. That plan backfired and Wilkerson lost his home.
"I still can't go out and get a home because if I get a home, I have to pay cash for it. Credit-wise, I can't do anything," Wilkerson said.
Wilkerson was not the only one affected.
"Because it was supposed to start off at $900 a month, so we could stand that with both of us working, but then after we got the house and signed the papers, then it was $1,025. That was different," said Jean Jones, who is in bankruptcy.
In a faxed statement to WRAL, Donald Gupton said, "I never intended to hurt anyone through my business, and I deeply regret any problems that may have been caused. I hope we can all move forward."
In addition to a state fine of $75,000, Gupton will make a confidential settlement with 65 of his former customers.