• Report: #189977

Complaint Review: AMC Mortgage Services

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  • Submitted: Thu, May 04, 2006
  • Updated: Thu, May 04, 2006

  • Reported By:Petal Mississippi
AMC Mortgage Services
PO Box 5926 Carol Stream, Illinois U.S.A.

Ameriquest, AMC Mortgage Services Ripoff inflated Appriasals Carol Stream Illinois

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I wanted to report this so any attorney in my area who is handling the exsisting litigation can contact me. My house should have probably appraised for about $60,000 but the appraiser said $70,000. A year later when an Ameriquest employee who was handling my possible refinance (and told me not to pay the next house note because I wouldn't have to pay the next two....boy was he wrong!) they again appraised the house and it was $75,000 then. The attorney who handled my closing when I purchased the home will go to court July 24th since she was caught for allegedly handling closing based on false documents and appraisals. My note was $569 when I first got the house. I was newly divorced with four children trying to get a home for us. Now due to the company raising the interest rate every six months the payment is over $700 per month. I began at 8.3% which was good for me at the time and then when the two years was up it went up and is currently at 11.2% As I understand it they will jack it up each six months until I am able to refinance. Any attorney involved with the current litigation against this company and thinks I can help, contact me. Thanks!

Rebecca
Petal, Mississippi
U.S.A.

This report was posted on Ripoff Report on 05/04/2006 12:35 PM and is a permanent record located here: http://www.ripoffreport.com/r/AMC-Mortgage-Services/Carol-Stream-Illinois/Ameriquest-AMC-Mortgage-Services-Ripoff-inflated-Appriasals-Carol-Stream-Illinois-189977. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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