• Report: #20367

Complaint Review: Ameriquest Mortgage / Ocwen

Featured Ripoff Reports

Past Featured Reports

Ripoff Report Corporate Advocacy Program
Help support Ripoff Report. Donate today.
Ripoff Reports Legal Ads

Ripoff Report Legal Directory

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Tuesday, May 07, 2002
  • Last Posting: Wednesday, December 14, 2005
  • Reported By: — Calumet Park il
Ameriquest Mortgage / Ocwen
1100 Town & Country Rd. Ste. 200 Orange California 92868 U.S.A.

Ameriquest Mortgage will sell you loan to Ocwen if you have a "small" loan false promises Orange California


1Author 1Consumer 0Employee/Owner

Respond to this Report

  • Respond to this report!
    What's this?
  • Also a victim?
    What's this?
  • Arbitrate
    Set The Record Straight!
  • Repair Your Reputation
    ...the right way!
    Corporate Advocacy Program
I refinanced my home through Ameriquest. Not only did I get raped on the rate, but a month after I had the mortgage they sold it to of all companies Ocwen Federal Bank. Ameriquest was bad enough with its loan officer who ensited one of my creditors. Then because that creditor threatened to place a judgement on my record Ameriquest increased my rate by 2%.

By that point I had not paid my mortgage for two months and had spend the money fixing up my home to get a better appraisal value. So I had no choice but to go with Ameriquest.

At the closing I was told by the loan officer (Rhoda) that she would be my loan officer for the life of my loan even if Ameriquest sold my mortgage.

Well Ameriquest sold my mortgage and I have had only problems. When I called to speak to Rhoda regarding this matter she informed me that I should pay the disputed money. She was of no help at all. When I called Ameriquest to report her I was told that loan officers are not to help people whose loan have been sold. Rhoda is still working for Ameriquest. Ameriquest is still in business.

I am highly upset with Ameriquest. They will help you but only if you help yourself.

Have a lawyer with you at closing, it will be in your best interest!!!

Darlynn
Chicago, Illinois

This report was posted on Ripoff Report on 5/7/2002 11:19:56 AM and is a permanent record located here: http://www.ripoffreport.com/mortgage-companies/ameriquest-mortgage/ameriquest-mortgage-will-sell-267a4.htm.

Ripoff Report has an exclusive license to this report. It may not be copied without the written permission of Ripoff Report.

Click Here to read other Ripoff Reports on Ameriquest Mortgage

Search for additional reports

If you would like to see more Rip-off Reports on this company/individual, search here:

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
Arbitrate
Remove Reports?
No! Better yet! Arbitrate to set the record straight!
REBUTTALS & REPLIES:
1Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Ocwen Hit With $11.5M Verdict

AUTHOR: Bill & Ted - Orange (U.S.A.)

SUBMITTED: Wednesday, December 14, 2005

>This was pulled from the web<

Way to go! 11/30/05 at 03:36 PM

Ocwen Hit With $11.5M Verdict
A county jury in Galveston, Texas, has awarded a Texas woman $11.5 million in damages and attorneys' fees, finding that Ocwen Federal Bank engaged in "unfair, unlawful, and deceptive" loan servicing practices, according to attorneys for the plaintiff. According to the complaint, 64 year-old Sealy Davis took out a home equity loan secured by her Texas residence in 2002, and Ocwen serviced the loan. The complaint alleges that after Ms. Davis missed a payment due to illness, Ocwen failed to credit her for money that had been paid and began to foreclose upon her home while assuring her that she was on a repayment plan. In reaching the civil verdict, the jury voted 10 to 2 in favor of the plaintiff and against Ocwen, the defendant in the case. Ms. Davis's lead attorney was Robert Hilliard, who says he has an additional 100 clients with similar predatory-servicing complaints against Ocwen. Ocwen was preparing a response to the jury award that was not yet available by MortgageWire's deadline.

Stephen 11/30/05 at 04:09 PM

It's about damned time!!!

Sinking Ships 11/30/05 at 09:37 PM

Links! I need links to articles !!!! Pretty please?

summer 11/30/05 at 10:17 PM

--------------------------------------------------------------------------------
LawFuel.com November 30

MSFraud 12/01/05 at 12:21 AM

--------------------------------------------------------------------------------

Link to press release on Ocwen case.

http://msfraud.org/Articles/Ocwen%20Hit%20With%20$11.5%20Million%20Verdict.doc

Sinking Ships 12/01/05 at 09:49 AM

--------------------------------------------------------------------------------

TY TY!! Meeting with my attorney to develop litigation and needed a source to reference.

PRECEDENCE FOR DAMAGES!! 12/12/05 at 12:31 PM

--------------------------------------------------------------------------------

Now comes the BIG QUESTION.....can we use the Ocwen $11.5 MILLION

JURY VERDICT as CASE PRECEDENCE so that we INDIVIDUAL VICTIMS can get the DAMAGES we so richly deserve...??!! (Actually...there is NO AMOUNT OF MONEY that can ever make us WHOLE AGAIN...!!! .

We should concentrate on finding Attorneys in our own Individual States that will carry this (JUSTICE) ball for us...!!

Dee 12/12/05 at 02:49 PM

--------------------------------------------------------------------------------

Now comes the BIG QUESTION.....can we use the Ocwen $11.5 MILLION

JURY VERDICT as CASE PRECEDENCE so that we INDIVIDUAL VICTIMS can get the DAMAGES we so richly deserve...??!!

***************************************

Actually, the next big question is.....is Ocwen going to appeal this verdict.

If so, then get ready to see if the appeals court reverses this verdict.

A verdict by this lower court isn't considered a precedent case.

If Ocwen loses all its appeals, then it becomes a precedent.

Juries are most likely the ones that will have a mortgage and empathize

with the plaintiff.

The judges up the ladder may be more likely not to have a mortgage.

If Ocwen thinks this is a loser case on appeal, they most likely will appeal the decision and then try to settle with this woman so there is no admission of wrong doing. That is their pattern. Although it is just a guess on my part,

I see them doing whatever they can from turning this into a precedent case.

Let's hope the woman isn't homeless and desperate and can wait out the appeals process.

If the borrower's attorney really has 100 more cases this case will mean a lot to him because attorney fees on a hundred more of these cases would mean early retirement for him. He would get at least 1/3 of the jury verdict.

It will be interesting to see what he does.

Keeping my fingers crossed this borrower can hold up through the appeals process.

Dee

THE GOOD NEWS! Yesterday at 07:53 PM

--------------------------------------------------------------------------------

.....Another LARGE CRACK in the Mtge Racketeers' Dam of Denial can be

CLEARLY SEEN...!!
Respond to this report!
What's this?
Ripoff Report Verified Safe

Advertisers above have met our
strict standards for business conduct.

Ripoff Report Legal Directory