• Report: #195365

Complaint Review: AMERIQUEST MORTGAGE COMPANY

  • Submitted: Wed, June 07, 2006
  • Updated: Fri, June 23, 2006

  • Reported By:ST. CHARLES Missouri
AMERIQUEST MORTGAGE COMPANY
PO BOX 5926 CAROL STREAM, Illinois U.S.A.

AMERIQUEST MORTGAGE COMPANY Predatory lending dishonest fradulent It is indescribable the damage they did to my life! St. Charles Missouri

*Consumer Comment: Hud could you please - - a lot of fees are hidden

*Consumer Suggestion: KAY I AM STILL TRYING

*Consumer Suggestion: The pricing engine is not needed to prove the claim

*Consumer Comment: Thanks Ken

*Consumer Suggestion: Kay and Tim

*Consumer Suggestion: Kay and Tim

*Consumer Comment: Hi Kay

*Consumer Comment: Bill and Ted

*Consumer Comment: Kay, have you ever been to the mortgage servicing fraud forum?

*Consumer Comment: Tim I have a idea

*Consumer Comment: KAY IM TRYING

*Consumer Comment: Tim I talked yo my lawyer

*Consumer Comment: kay i went to the St. Charles branch...

*Consumer Comment: Tim which branch

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Inflated appraisal / contract and deal changed after closing
NO Good Faith Estimate and the Truth-In-Lending.
Both part of the RESPA packet that the government requires to be mailed out 3 days after completion of any home loan application never got it!

Had awesome credit now they have ruined my credit and thats not all pretty much everything that everyone one on this forem has complained about i've been through!

HELP!! ANYONE??

This is the worst company that I have ever dealt with in my life!

They are not accepting any of the wrong doing and trying to foreclose on the property!

Please respond to my report if you can be of any assistance to me and or if I can be of any assistance to you.

I WOULD LIKE TO KNOW OF A GOOD LAWYER THAT SPECIALIZES IN PREDATORY LENDING AND OR A LAWYER THAT HAS EXPERIENCE IN THIS TYPE OF CASE

Thank you so much and God Bless you.

TIM
ST. CHARLES, Missouri
U.S.A.

CLICK here to see why Rip-off Report, as a matter of policy, deleted either a phone number, link or e-mail address from this Report.

This report was posted on Ripoff Report on 06/07/2006 10:47 PM and is a permanent record located here: http://www.ripoffreport.com/r/AMERIQUEST-MORTGAGE-COMPANY/CAROL-STREAM-Illinois-60197-5926/AMERIQUEST-MORTGAGE-COMPANY-Predatory-lending-dishonest-fradulent-It-is-indescribable-the-195365. 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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REBUTTALS & REPLIES:
0Author 14Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Hud could you please - - a lot of fees are hidden

AUTHOR: Kay - (U.S.A.)

could you please explain the pricing engine again please, I'm not quite understanding how that works. I was told that my refi cost was tax deductable but i never received a statement for my tax yr, I refi's yrs ago with another co, and they sent me a statement at the end of the year for my taxes, Im confused. Also I have heard that a lot of fees are hidden in their 2 yr arm loans, is this true? I just quite don't understand the points and how this is all calculated, when I took out my loan I tried to buy down on my interest, and my lo said he advised not to do that cause of the cash out i needed, then I didn't get the right cash out. things changed after we closed, I 'am in a lawsuite with them, but theres issues about the pricing engine I dont understand, would very much appreciate and help on understanding this. Thanks and God Bless
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#2 Consumer Suggestion

KAY I AM STILL TRYING

AUTHOR: Tj - (U.S.A.)

Kay go to the "mortgage servicing fraud forum" and look up "ameriquest fraud" that is my post you will find the info you need there Thanks and God Bless
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#3 Consumer Suggestion

The pricing engine is not needed to prove the claim

AUTHOR: Hud - (U.S.A.)

regarding discount points actually being origination fees. Since Ameriquest employees were taught to sell the tax deductibility of these points, this creates another POTENTIAL legal minefield for Ameriquest.

If one were to get a cross sampling of loans, you could show how these points did not discount the rate. That being the case, Ameriquest could have violated federal law by presenting these fees as tax-deductible discount points on federally mandated documents regarding the loan. Any consumer that uses these points as a deduction on their taxes could, unfortunately, be liable for tax and penalty.
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#4 Consumer Comment

Thanks Ken

AUTHOR: Kay - (U.S.A.)

Hi Ken thanks, I hope Tim responds. I hope everything is going good for you. I'm at a waiting time now, Thats the hardest part is the waiting. But we are all winners. Take Care and God Bless
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#5 Consumer Suggestion

Kay and Tim

AUTHOR: Ken - (U.S.A.)

You guys can use me to contact each other just read the holland michigan post on this web site their are two to read so read them both. Read them very carefully and you guys can get in touch with each other we need to fight these s****. />
So keep fighting dont give up it will take some time but before you know it old Roland Arnell will be in prison with the Enron guys. Good luck and God bless all!!!!!!!!!!
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#6 Consumer Suggestion

Kay and Tim

AUTHOR: Ken - (U.S.A.)

You guys can use me to contact each other just read the holland michigan post on this web site there are two to read so read them both. Read them very carefully and you guys can get in touch with each other we need to fight these s****. />
So keep fighting. Don't give up it will take some time but before you know it old Roland Arnell will be in prison with the Enron guys. Good luck and God bless all!
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#7 Consumer Comment

Hi Kay

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

Hi Kay, I think Tim found the mortgage servicing fraud forum

What I was saying was, if you post your attorneys info on here others can contact them.
if that's something you want to do.

If you find the other forum msfraud you can contact us from there, it seems to be hard to get in contact with anyone from here, but I understand.

If you google search "ameriquest sucks" you can find the forum, on that web sites home page there is a legal lounge with a lot of information on cases that ameriquest has had in court and lost.

Also if you find the other forum please make sure you read AMERIQUEST SHIP IS SINKING - PART II and Ameriquest taking on water , ship is sinking it shows how ameriquest works and how their lawyers work also. its a need to read if you are fighting them.

Good Luck!
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#8 Consumer Comment

Bill and Ted

AUTHOR: Kay - (U.S.A.)

Thank you for the information, I did read it today, there is a lot of good info on that site inner city press. My lawyer has thought about a class action, I did give her the info for this site, but I don't know what she will do yet. I'm hoping I can reach Tim, on this site before they foreclose on his home. Tim if you read this I did e-mail the editor again. We'll keep trying. Thanks everyone and God Bless
Kay
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#9 Consumer Comment

Kay, have you ever been to the mortgage servicing fraud forum?

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

like this Great web site it has a ton of great information, case law, web links,exec.

Kay will your attorneys let you put thier contact information on here. That may be helpful.

Justice for the homeowner will only be realized if the court rulings are based on TRUTH;not the fabrications of a defense team working in collusion with the corrupt corporation.MSF

NEED TO READ
Update of June 19, 2006: Close observers note that the lawsuits (finally) filed last week show that Ameriquest disclosed to the state AGs that Ameriquest had no pricing grid, and thus that all so-called "discount points" paid did not reduce the interest rate, but were pure predatory profit... pulled from inner city press.

Keep Fighting BAck!
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#10 Consumer Comment

Tim I have a idea

AUTHOR: Kay - (U.S.A.)

Since we both live pretty close, My husband and i can meet you at a restaurant or something, I have 2 lawyers and i talked to one about you already, I really wanta help you, name the place, we live close to Earth City.
Kay
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#11 Consumer Comment

KAY IM TRYING

AUTHOR: Tj - (U.S.A.)

any other sugestions on how we can talk to each other im not having any luck please give me another idea thanks Tim
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#12 Consumer Comment

Tim I talked yo my lawyer

AUTHOR: Kay - (U.S.A.)

Tim I talked to my lawyer's and they do want to talk with you. I believe you need to e-mail the editor of rip off report, and request they send me your e-mail address. Hopefully we can get in contact with each other
Kay
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#13 Consumer Comment

kay i went to the St. Charles branch...

AUTHOR: Tj - (U.S.A.)

Kay I went to the St. Charles branch. How can we talk or exchange email or phone info?
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#14 Consumer Comment

Tim which branch

AUTHOR: Kay - (U.S.A.)

Tim did you go thru the st. charles branch or one in Illinois?
Kay
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