• Report: #182844

Complaint Review: Ameriquest Mortgage AMC

  • Submitted: Thu, March 23, 2006
  • Updated: Thu, December 25, 2008

  • Reported By:holland Michigan
Ameriquest Mortgage AMC
505 City Parkway West Suite 100, California U.S.A.

Ameriquest Mortgage - AMC ripoff lied scam ameriquest , lawsuits, devils West Suite 100 California

* : Ameriquestlawsuits

* : Update !!! Ameriquest Lawsuits

* : Ameriquest Lawsuits !

*Author of original report: UPDATE !!!

*REBUTTAL Individual responds: Ken give me an update

*Consumer Comment: PLEASE SOMEONE I HAVE QUESTIONS ABOUT THE CHICAGO COURTS

*Consumer Comment: Ameriquest

*Consumer Comment: help me!

*Author of original report: Going After Everyone Involed !!!!!

*Author of original report: Chicago Lawsuits

*Consumer Suggestion: AMERIQUEST ALMOST RIPPED ME OFF BIGTIME

*Consumer Comment: Never would be Good

*Consumer Suggestion: UPDATE!! I SEEN MY ATTORNEY

*Consumer Suggestion: UPDATE!! I SEEN MY ATTORNEY

*Author of original report: Hey Mike

*Consumer Comment: Ameriscumquest Utopia!

*Author of original report: Meeting!

*UPDATE EX-employee responds: Please don't assume all employees of Ameriquest were crooks....

*Consumer Comment: Get a Life

*Consumer Comment: Get a Life

*Consumer Comment: Get a Life

*Consumer Comment: Get a Life

*UPDATE EX-employee responds: sorry for your problems

*Author of original report: Going Great Ray

*Consumer Comment: Where are you Ken??

*Consumer Comment: Sue

*REBUTTAL Individual responds: Ameriquest Ex Employees

*Consumer Comment: It's happening in Wisconsin Too!

*Consumer Comment: How can I get a hold of your attorney Ken?

*Author of original report: Update!!

*Consumer Comment: To All who were ripped off by Ameriquest

*Consumer Comment: Recourse on Bad Appraisal

*Consumer Suggestion: Ken, You need to Listen!!!!

*Author of original report: Get another hobby their steve nobody wants to hear what you have to say

*Author of original report: Get another hobby their steve nobody wants to hear what you have to say

*Author of original report: Get another hobby their steve nobody wants to hear what you have to say

*Author of original report: Get another hobby their steve nobody wants to hear what you have to say

*Consumer Suggestion: Ken, here is 1 person who I have helped.

*Consumer Comment: AMQ IS being sold ... that's a fact

*Consumer Suggestion: attorney generals office wont do anything for you. All they do is look into matters and take complaints

*Consumer Suggestion: Not AMC employee

*REBUTTAL Individual responds: Wisconsin Attorney General Help

*Consumer Suggestion: Hey Steve LOL - still a brainwashed employee of Ameriquest!

*Consumer Suggestion: ACC Holdings will be purchased by HSBC

*Consumer Suggestion: Ameriquest cant be trusted!!

*Consumer Suggestion: Ameriquest cant be trusted!!

*Consumer Suggestion: Ameriquest cant be trusted!!

*Consumer Suggestion: Ameriquest cant be trusted!!

*Consumer Comment: Delay tactics or Just plain stupidity

*Consumer Suggestion: Oh Sarah

*Consumer Comment: Delaying Tactic?

*Consumer Comment: Delaying Tactic?

*Consumer Comment: Delaying Tactic?

*Consumer Comment: Delaying Tactic?

*Consumer Comment: Update

*Author of original report: The waiting game!

*REBUTTAL Individual responds: YES NILES MICHIGAN

*Consumer Comment: Listen to Ken

*Author of original report: Amy their is help!

*Consumer Suggestion: Ken, HELP, I'd like to talk to you

*Author of original report: Yes you may!

*Consumer Comment: I'm at a loss!

*Consumer Comment: I'm at a loss!

*Consumer Suggestion: Ameriquest cant be trusted!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

*Consumer Suggestion: Ameriquest cant be trusted

*Consumer Suggestion: Ameriquest cant be trusted

*Consumer Suggestion: Ameriquest cant be trusted

*Consumer Comment: Good Luck Ken!

*Consumer Suggestion: WOW

*REBUTTAL Individual responds: i hired a lawyer

*Consumer Suggestion: Hey Everyone

*Consumer Suggestion: Read the posts

*REBUTTAL Individual responds: ken contact me

*Consumer Suggestion: Truth Ameriquest Short Sale Offer

*Author of original report: Read the post's

*Consumer Comment: WHAT DO I DO TO GET STARTED?

*Consumer Suggestion: To all who have been ript off by ameriquest!

*Consumer Comment: Seattle, Washington

*Consumer Suggestion: Kind Regards

*Consumer Comment: shame on bush

*Consumer Comment: shame on bush

*Consumer Comment: ameriquest

*Consumer Comment: HI KEN

*Consumer Comment: News Release from California Dept. Of Corp.

*Consumer Comment: hi ken

*Consumer Suggestion: Hey dave

*Consumer Comment: Ameriquest St. Louis for Kay

*Consumer Comment: Ameriquest St. Louis for Kay

*Consumer Comment: Ameriquest St. Louis for Kay

*Consumer Comment: Ameriquest St. Louis for Kay

*Consumer Comment: Many states REQUIRE that financial institutions notify them AT LEAST 30 days prior to closing ANY branch offices in their respective states. AMC gave absolutely NO ONE any notice before closing these 229 branch offices

*Consumer Comment: thanks david

*Consumer Comment: Marge - no effect...

*Consumer Comment: TO JACKIE

*Author of original report: LOTS GOING ON

*Consumer Comment: Ken

*Consumer Suggestion: To Jackie in Janesville WIsconsin

*Consumer Comment: Ken I'm In

*Consumer Suggestion: PROTEST

*Consumer Suggestion: Hey their rueban

*Consumer Comment: Me too but what do you owe them

*Consumer Comment: What Company did Trevino

*REBUTTAL Individual responds: Help With Amc Mortgage - AMERIQUEST

*Author of original report: ATTORNEY GENERAL CALLED ME

*Consumer Suggestion: Sande their is help

*Consumer Comment: To many bad lenders

*Consumer Comment: It's not just Ameriquest

*Consumer Comment: Dave

*Consumer Comment: Post From Holland Michigan

*Author of original report: read the other holland michigan post

*Author of original report: THEY WONT LET ME POST

*Author of original report: update

*Author of original report: UPDATE

*Consumer Comment: ameriquest employee????

*Consumer Comment: Go Ken!!!

*Consumer Comment: Thanks, Kathy and Kathleen!

*Consumer Comment: Kay,

*Consumer Comment: Sorry, Ken... been gone for a while.

*Consumer Suggestion: ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

*Consumer Suggestion: ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

*Consumer Suggestion: ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

*Consumer Suggestion: ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

*Author of original report: LARRY DO YOU HAVE A LIFE LOL

*Consumer Comment: How about telling the whole truth?

*Consumer Suggestion: WELL LARRY

*Consumer Comment: Please explain this to me

*Consumer Comment: they really are liars

*Consumer Comment: Good Luck Ken

*Consumer Suggestion: Stopped Foreclosure!

*Consumer Comment: Sickening .... my word for Ameritheft

*Consumer Comment: To Ken in Holland MI......Release of lein

*Consumer Comment: St. Louis appraisers

*Consumer Suggestion: contact the attorney generals office

*Consumer Comment: Beth, can you explain why

*Consumer Comment: Ken, I would like the name of your attorney.

*Consumer Suggestion: UPDATE I have hired an attorney

*Author of original report: AMERIQUEST IS GOING DOWN

*Consumer Suggestion: Ameriquest - Their Tactics

*Consumer Comment: good luck with ameriquest

*Author of original report: AMERIQUEST lied ,scam, ruined my credit

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In july of 2004 I was contacted by an ameriquest agent and he promised me the world and yes he screwed me GOOD. My story is like everyone elses, but ill tell my story anyways. I was told I was getting a fixed rate for 30 years, my payment was only going to go up 100.00 a month on top of my 650.00 month payment and when I was little and in school my teacher taught me to add and I think thats suppose to come out to 750.00 a month. Well it's now 1007.00 a month.

I was also promised to drop a percent from 6.5 to 5.5 well its now 7.5 so it was raised a full percent.When the appraiser came to my home he was here for about 15min and looked around he then left. The agent called me about 30 min after the agent left (ameriquest agent) and told me my appraisel came in @100,000.00. Now I paid 83,000.00 for my home only a year earlier. He told me the appraisal was to low so I figured ok I won't finance he says well let me call my appraiser and I'll call you back. I said ok.

Two hours later my phone rang it was the ameriquest agent. He was upbeat and was happy to get me on the phone. He then says hey GREAT NEWS. I talked to the appraiser and he says that your home is worth 130.000.00. I was like wow that's great.

Boy was I in for a huge suprise. I then contacted the office the next day (after I signed papers on the day before) and asked to talk to the agent (jason) and they guy on the phone says he doesn't work here anymore?

Wow now I smell a skunk. The refinance I agreed on from ameriquest isn't the one I agreed on the old bait and switch. I tried to make the payments from july of 2004 until december 2005 and it caught up to me I was 5 days late on my payment when I sent it in and they sent it back to me I called and they said I need to make arraingments huh what the hell are they talking about?

Well they aren't takeing any money from me and have forced me into foreclosure and my home is up for sale on april 6 2006. So with all that said if anyone has any info they can pass on to me that would be great. I am seeing my lawyer friday morning and will post on how that all went.

Ken
holland, Michigan
U.S.A.

This report was posted on Ripoff Report on 03/23/2006 07:36 AM and is a permanent record located here: http://www.ripoffreport.com/r/Ameriquest-Mortgage-AMC/West-Suite-100-California-92868-4509/Ameriquest-Mortgage-AMC-ripoff-lied-scam-ameriquest-lawsuits-devils-West-Suite-100-Ca-182844. 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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#1

Ameriquestlawsuits

AUTHOR: Ken - (USA)

Well Here we are still fighting ! Thanks to rip off report we are both help many people stay in their homes ! Me included ! My attorney now has over 300 families that he is working for ! He has had to hire more help just to sort all this BS out ! And thats what these huge mortgage companys are banking on that you get so confused and upset that you just walk away from your home !!! Well not all of us are !!! Do what ever you can to fight these criminals ! Start blogs, start websites and post on rip off report ! This website was made to help the little guy ! And it has in a huge way ! So stand up for yourself and your family ! Dont let anyone take away what you have worked so hard for ! You can check me out on ameriquestlawsuits  com and let your story be told ! If I can fight this Giant so can you ! So keep posting and lets get these monsters and make them pay for what they have done !!! Thanks for your time !!
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#2

Update !!! Ameriquest Lawsuits

AUTHOR: Ken - (USA)

Well it has been some time now since I have posted!  We are still in our home and still fighting the fight ! My mortgage has been bought and sold many times over since ! The owner of Ameriquest has past away some time ago to leave his wife to the mess he has caused ! But she has to this day not had the pay the piper ! But our president has given all of these crooked companys Billions of dollars to stay afloat on The dime of the American People ! We still go to chicago a few times a year and meet with their Lawyers and our lawyers ! They all stay in seperate rooms and they hire a company to walk back and forth to tell each other what they want to say ! These mortgage company hire attorneys to fight their battles and the attorneys themselves are so afraid to show their faces ! They always come to the meeting early and never say when they are leaving, they slip out a back door like their are comming and going to a strip club, Its amazing ! This is still a huge issue all across the United States ! When I still google Ameriquest Lawsuits, this rip off report thread still comes up to the top ! Their are so Many blogs about this case to this day ! I search Dot com websites and their are people that have websites that they bought to put the word out ! This company or a consumer bought the website ameriquest lawsuits which is a .com site and they post blogs about their case ! Its amazing that our president still to this day is giving billions of dollars to these companys and he still lets them fail ??? Then he wants to run our health care system ! WOW he is really putting it to us ! Im a republican and I know a few dems and they all tell me that they should of never voted for him !!! Well I have to get for now and I will post again next week ! have a wonderful day and GOD BLESS !!!
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#3

Ameriquest Lawsuits !

AUTHOR: Ken - (USA)

Well it has been some time now and we are still in the same boat ! My mortgage has been bought and sold several times ! But We still fight and will not give up ! Its has been 5 years now and we are still in our home ! I have been to chicago for meetings with my attorney on several occasions. One would think that their would be an end to this nightmare that these wallstreet punks put so many people in ! many of you that have been following my post here on this great website and many of you I  am still in contact by phone on a regular basis. If I were to be paying my mortgage, the payment would be 2350.00 ! I know, it still makes me sick to my stomach ! But we drive on and still fight the good fight ! If I were the company that ownes my mortgage, I would try ever attempt to refi the loan and put it in the past and start bringing in money to our company ! But they dont why ? Well its easy ! Our president that so many people elected gave them and many others all this money, and then what did they do ? Well they bought other companys to become  another sleeping giant ! This is not over, it will happen again and again and again, until  the goverment pulls their heads out of where the sun dosent shine ! And they want to run our health care system ! Wow we are in for a treat ! Its very hard for me because no matter how I look at it, he is my commander and chief ! I am still in the Army National Guard ! Everyone voted him into office because he said he was going to pull all the troops out of IRAQ ! And most of you fell for it ! You should stop watching CNN, You want the real story ? Well the real story is we arent pulling out of IRAQ EVER ! We are still sending troops over and I will be In IRAQ in 6 months time! I have started a blog just like this one ! And its funny that after all this time when you GOOGLE Ameriquest Lawsuits this blog still comes right to the top ! I am so Glad that their is a fine website like ripoff report because it give people like you and I  a voice ! Their are so many people that just gave up and let them have their home, Well Like I said 5 years ago, I WILL NOT GIVE UP ! And I am still in my home ! I am living proof that these huge companys can and will be stopped ! You can join me on my blog at ameriquest lawsuits . com and fight the good fight with me ! Not only did Ameriquest do so many bad things to people, but other mortgage companys followed suit and did the same things that this company did ! So please let your voice be heard and lets fight !!! Thanks you all and GOD BLESS !!!


                                           Ken
                                           Holland Michigan
                                          
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#4 Author of original report

UPDATE !!!

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

Well it has been sometime now ! But finally after 4 years of fighting, I will be having my day in court in Feb ! Ameriquest is all gone just like I said it would be in the very beginning ! Now we all know who bought all of Ameriquest bad dept and bad loans, but I wont say their name on here !!! BUT we all KNOW !!! When I find out more I will post all the details !!! And I have not forgot about the little dip sh_t that put me in this bad loan nor do I forget about that bad appraiser. So dont worry guys, when I get done with the big fish I will be going after all of your assets !!! TRUST ME !!! Have a wonderful X- MAS to all who have been following my report !!! GOD BLESS !!!!!
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#5 REBUTTAL Individual responds

Ken give me an update

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

Ken I read about what happened and my family too has been a victim of Ameriquest. I filed a rip-off report 5-25-06 Report number 172696.

My father passed away 4 years ago at the age of 80; he too was victim. My fathers first payment to Ameriquest would have been $984 dollars, more then his social security payment due in July; a payment he never lived to make. Ameriquest got their money as the property had to be sold but I am convinced that the stress of this situation was what drove him to have his heart failure.

There were so many discrepancies in his paperwork that took me over 8 months to get. Some of the loan documents said he was 50 some years of age, other parts 30 some years of age. His loan documents said he was in business for himeself and "owned" a business; a business that did not exist.

I realize it has been four years, but some things are really hard to just let go. If you have any suggestions or if I should pursue further give me your thoughts.

Carol
North Highlands, California

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.
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#6 Consumer Comment

PLEASE SOMEONE I HAVE QUESTIONS ABOUT THE CHICAGO COURTS

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

2 MONTHS AGO MY CASE WAS TRANSFERRED FROM THE MISSOURI FEDERAL COURT TO THE CHICAGO COURTS, DUE TO THERE WERE TO MANY FOR THE MISSOURI COURTS TO HANDLE, DOES THIS MEAN MY CASE WILL END UP IN A CLASSACTION? I RECEIVED PAPERWORK FOR A CLASSACTION BUT DID NOT FILL THEM OUT, SENT THEM TO MY ATTORNEY, WE ARE STAYING PRIVATE, BUT I CAN'T SEEM TO GET ANY ANSWERS ON THE CHICAGO FEDERAL COURTS.

MY ATTORNEY IS TRYING TO GET THE CASE BACK IN MISSOURI, BUT HAVEN'T HEARD YET. ANY SUGGESTIONS OF WHATS GOING ON, I HOPE AMERIQUEST IS READING THIS, BECAUSE YOU HAVE RUINED MY LIFE AND HEALTH , AND I PRAY TO GOD ABOVE ALL OF YOU WHO DELIBERATLEY FRAUDED US WILL FACE JUDGEMENT. ALL YOUR BIG MONEY CAN NOT GET YOU OUT OF THIS, I REALLY NEED SOME ANSWERS FROM THOSE WHO'S CASES WERE ALSO SEND TO CHICAGO, JUST ABOUT READY TO DIE OVER THIS. GOD HELP US ALL
KAY
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#7 Consumer Comment

Ameriquest

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

My family has been burnt by Ameriquest just the same as everyone else on the site. My home was sold this month and a Sheriff's sale. I didn't go I have no idea who bought it and frankly I don't care anymore. Ameriquest has been treated people like this for years, we call the Attorney General, we call Lawyers, we call everyone in the world we can think of, but what happens? NOTHING! We were not behind on our house payment but we were dreadfully behind on everything else. Because of medical bills we had to file for bankruptcy but we wanted to reaffirm our home. Well, Ameriquest never sent the reaffirmation papers and we ended up having to loose it with the bankruptcy. That was never our intention when we filed for bankruptcy. My point being, after they have screwed up hundreds of thousands of peope, the Attorney General knows what is happening and still Ameriquest is in business going strong and screwing even more people out of their homes. They are untouchable, yea, they lost a big law suit and we get a whopping 200.00 (slap in the face), but they are still in business and will make that money back in no time.

Helpless in Connersville, IN
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#8 Consumer Comment

help me!

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

I have a mortgage with ACM and I'm falling behind on my payments. I live in myrtle point, OR. I read your blogs and I was amazed that I was not the only one. Can you please tell me how to stop the foreclosure and take some action against amc. If you can help me in any why thank you. 541-260-2827
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#9 Author of original report

Going After Everyone Involed !!!!!

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

Well their are about 700 cases in the courts in Chicago! The newest person we are going after is Roland Arnell (Owns Ameriquest) In my suit I am going after Ameriquest, Roland Arnell, The Appraiser and yes I am going after you also JASON. My Lawyer has called you many many times but you never return his phone calls. So dont worry I HAVE NOT FORGOT YOU! It may take some time because their are bigger fish to fry and have stopped, so they cant hurt anyone else. I know you read my report every morning when you get to your office at your new company you own doing appraisels. I remember the phone call we had and you told me that you now run your multi million dollar company and you have no time to help me. Thats ok because I have the truth on my side and you like all the others will pay for what all of you have done to thousands of people all around Michigan! You should go through all of the report on this site and see how many are from michigan and name the Grand Rapids Ameriquest Office as the office that have ript them off! Well im going to get for now and take my meds because of what Ameriquest has done to me I am now on meds for Depression. God Bless Everyone and I will keep everyone posted.
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#10 Author of original report

Chicago Lawsuits

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

Here we go. Now the ball is starting to role in our lawsuit in Chicago. Here is what was reported today in the LA Times. Have a great day!

5:49 AM PDT, June 19, 2007

Lawsuit targeting Ameriquest adds Arnall to its sights

Lawyers have asked to add Roland Arnall as a defendant, saying he had a hand in abuses at the sub-prime lender.

By E. Scott Reckard, Times Staff Writer
June 19, 2007


Ameriquest Mortgage Co. founder Roland Arnall seemed to have shrugged off complaints of lending abuses early last year, when the sub-prime lender agreed to pay $325 million to settle allegations by 49 states of misrepresented loan terms, hidden fees, puffed-up appraisals and fabricated borrower income statements.

The Los Angeles billionaire blamed rogue employees for the problems. Consumer activists said a promised overhaul of operations at the Orange-based company would set high standards for the sub-prime industry, which caters to borrowers with poor credit, heavy debts or no money for down payments.

Arnall, whose confirmation as U.S. ambassador to the Netherlands had been held up because of the litigation, won the Senate's endorsement for the diplomatic post soon after the settlement was reached.

But on Monday, Arnall's accountability was again front and center as attorneys for Ameriquest customers asked a judge to add him as a defendant in a private lawsuit.

In a request filed in federal court in Chicago, lawyers for the borrowers, who are seeking to combine 20 suits into one class action, contend that Arnall made decisions that resulted in abuses, blocked attempts to reform Ameriquest and drained it of its profit before virtually shutting it down as the sub-prime industry imploded.

Ameriquest and its affiliates "were the alter ego" of Arnall, the suit says. "Assets of the Ameriquest entities were transferred to Arnall with the actual intent to hinder, delay or defraud the plaintiffs in this action."

In an e-mailed statement, Lisa Cohen, a spokeswoman for Arnall, said he had "stepped down from the company's board almost two years ago far in advance of the meltdown of the non-prime industry and at a time when the company was profitable and financially stable."

She added that lawyers for the plaintiffs were "trying to generate interest in their case by tarnishing the ambassador."

A spokesman for Ameriquest declined to comment.

The motion to add Arnall as a defendant is to be heard June 26 by U.S. District Judge Marvin E. Aspen in Chicago.

The current defendants are Ameriquest, parent company ACC Capital Holdings Corp. and various subsidiaries, affiliates and agents.

Ameriquest's $325-million settlement with the states was the second-largest ever in a predatory lending case. The largest was by Household International, which settled for $484 million with 50 states in 2002.

But private attorneys say that many Ameriquest customers would recover more by declining to join in the settlement with the states and instead taking part in the private litigation.

In most cases, the settlement with the states would result in awards amounting to hundreds of dollars for each borrower, though their actual damages often ran into the tens of thousands of dollars each, said attorney Gary Klein of Boston, one of the lead lawyers in the private lawsuits.

Klein said the plaintiffs would seek billions of dollars in damages, including punitive damages and treble damages under many state laws for "bait and switch" tactics.

Ameriquest, which in its glory days sponsored Major League Baseball, the Super Bowl XXXIX halftime show and a Rolling Stones tour, was ranked the country's top sub-prime lender in 2004 and 2005. But the Ameriquest companies fell from the top 10 among sub-prime lenders in the third quarter last year, according to National Mortgage News.

Ameriquest Mortgage last year shut down 270 offices around the country and this March shuttered six operational offices, leaving only a small staff working at the headquarters in Orange.

Arnall remains the majority owner of Ameriquest and its affiliates. When he became ambassador, he was required to give up a role in running the company.

The plaintiffs' filing Monday cites allegations in an Orange County Superior Court lawsuit in which Wayne A. Lee, a longtime executive for Arnall, accuses the billionaire of thwarting Lee's efforts to reform the company's sales practices.

Lee's lawsuit names the company as a defendant but not Arnall. It claims that Ameriquest reneged on a deal to pay him $30 million after he left in frustration in 2005.

An attorney for the company has called Lee's suit "a ridiculous work of fiction" and has said Lee is "attempting to use baseless and inflammatory allegations to extract money to which he is not entitled."


------
scott.reckard@latimes.com
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#11 Consumer Suggestion

AMERIQUEST ALMOST RIPPED ME OFF BIGTIME

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

Sorry to see that Ameriquest has scammed so many innocent homeowners. Thankfully, i
realiZed what they were trying to do and
within the 3 days cancelled the contract I had signed and I think it was the smartest thing I have ever done. I can't
imagine how I would have dealt with the
situation they were trying to get me in.

I had decided to refiance what I owed on my house and get some extra money
$10,000 to pay for some small debts and just have my mortgage payment.

I saw an add on yahoo home page and I contacted them and explained what I wanted
... a lower interest rate which would lower my payment about $100.00 a month as I had financed when rates were much higher.

My credit score was good but they told me
that they would finance me at a higher rate and after 4 months if I paid that on time then my credit score would go
up max and they would refinance at the lowest rate. My payment was going to be almost twice what I was paying but I was assured by the agent this would only be for a few months. I was very sceptical
but the agent kept telling me..trust me I
am not going to lie to you...I am trying
to help you.

In just a few days they called and said the loan was ready for me to sign and they would bring the paperwork to me to sign...this group was in New Orleans and I was about 3 hours away. The person with the paperwork called and wanted me to meet her at McDonald's on the outskirt of town. She didn't want to come to my home and I had reservations about doing personal business in a public plaae where anyone I knew could walk in and it
was nobody's business. When I got there
she had her husband and kids with her..not good company image!!!

The shocker was when I got the paperwork
it was nothing like we had talked about.
I ask her questions but she was only a
notary type person. I signed them and when
I got home I realized they had tried to lie and scam me. The new mortgage was for 95% of my home value. They were giving me more than I had ask for to pay off bills and I didn't want that money and with all the closing cost and fees they had taken all my equity. My payment was nearly $900 a month. I called the agent and he said but it is for only a few months and then we will refinance at the low rate....I knew I had been had and as soon as I could I faxed the notice to cancell to their Calfornia Office...

Then the agent called and begin to harass me even saying that on Sat he would be in my area and wanted to
talk with me about this...I kept telling
no way I will agree to this I have a
payment of $434.00 now... no way will I agree to this and have no equity left in my house.

He finally wanted me to talk to his boss
who he thought would confirm his story.
He transferred me and this manager guy's
story didn't go along with the agents. He
said the earliest I could get refinanced with a lower rate and payment was at
least a year and when I questioned him about the story I had been told and how
my loan had been written up to eat up all the equity in my house...he hung up...
GOOD REDIANCE !!!

THANKFUL EVERYDAY I CANCELLED THAT LOAN I
SIGNED BEFORE IT WAS TOO LATE TO GET OUT!!!


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#12 Consumer Comment

Never would be Good

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

Our family wasn't as lucky as most that were able to find the right help in time.
We are under the 2 week mark to get off the property my family has owmed for 20+ years. Mr. B was able to keep us in our home through the Holidays or else we would have been out on our butts in Dec.
I was a dog breeder , owner of horses, proud mom of 3 that when asked awww mom cant we have cats, chickens and guinease and so on I said sure we have 10 acres you guys can do the fair like I did growing up never ever thought that I would have to scramble to find homes for the animals we love and care for. while my children say it's ok mom we understand....gut wrenching for the past 2 weeks

We have spent our time packing, finding homes for pets and trying to find a roof to put over our heads not so easy with the credit A'quest has left us with not many people want to sell or rent to you once foreclosure and eviction are in the picture. Before I was afraid to hear the phone ring to many nasty phone calls from those working for a'quest but now I pray please ring and let the caller say sure you can move in pronto or hear yes they will extend you til the 1st of June considering all that you have to do to get off the land or yes they are willing to give you a fair loan. Anything as long as I don't have to watch my children give up anything else they love.

I don't mean for this to be a big soap box. I just hope all goes better then it has for my family and I pray to god that not many has to go through what we have.
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#13 Consumer Suggestion

UPDATE!! I SEEN MY ATTORNEY

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

I met my attorney today,First things first I signed paperwork for "Automatic Stay" which will be filed on Monday. Good news!!! after 3 hours I received a phone call...he already found a lot of good things in my papers. I knew I had a gut feeling all along. Today I made some BLOGS ,printed flyers, I will distribute them all over and will my best to inform as many people as I am able to.If anyone knows of people in PA here and are still lost and losing their homes I am truly on a QUEST see I have this Scorpio stinger and when WE get done with Ameriscumquest they will be known all over the world.I also contacted the International organization for "Human Rights" in Helsinki,Geneva.My mother God rest he soul. Fought the Polish goverment to bring me and my family to the US.

My family immigrated to the US in 1700's one day when my Mom was little in 1940 they vacationed in Poland. World warII broke out there was no Titanic to take them back and so this is the reason me and my brothers were born in Poland. I guess I have my moms manifestatating nature...God's honest truth or nothing at all...I am the embryo or Solidarity movement in 1978.I have some insane stories....All of us Poles united and it worked I know it will work here. We need to protect our selves by the big organizations so the "Dollar Monster" wont get us.I signed in for the "United08" party asked them to help Us....

I am ready for a meeting here OR in Washington DC in front of the White House I bet we can get Hillary Clinton and others to join and represent US

If you think I am going too far please let me know.

I am still in a state of shock, as if I was hit on the head. I cant get over how they were robbing me blind and I was blind to all that was going on. Better late than never.
God Bless!!!
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#14 Consumer Suggestion

UPDATE!! I SEEN MY ATTORNEY

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

I met my attorney today,First things first I signed paperwork for "Automatic Stay" which will be filed on Monday. Good news!!! after 3 hours I received a phone call...he already found a lot of good things in my papers. I knew I had a gut feeling all along. Today I made some BLOGS ,printed flyers, I will distribute them all over and will my best to inform as many people as I am able to.If anyone knows of people in PA here and are still lost and losing their homes I am truly on a QUEST see I have this Scorpio stinger and when WE get done with Ameriscumquest they will be known all over the world.I also contacted the International organization for "Human Rights" in Helsinki,Geneva.My mother God rest he soul. Fought the Polish goverment to bring me and my family to the US.

My family immigrated to the US in 1700's one day when my Mom was little in 1940 they vacationed in Poland. World warII broke out there was no Titanic to take them back and so this is the reason me and my brothers were born in Poland. I guess I have my moms manifestatating nature...God's honest truth or nothing at all...I am the embryo or Solidarity movement in 1978.I have some insane stories....All of us Poles united and it worked I know it will work here. We need to protect our selves by the big organizations so the "Dollar Monster" wont get us.I signed in for the "United08" party asked them to help Us....

I am ready for a meeting here OR in Washington DC in front of the White House I bet we can get Hillary Clinton and others to join and represent US

If you think I am going too far please let me know.

I am still in a state of shock, as if I was hit on the head. I cant get over how they were robbing me blind and I was blind to all that was going on. Better late than never.
God Bless!!!
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#15 Author of original report

Hey Mike

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

I will make this short and sweet for you, ok Ill go slow so you understand. First of all not everyone is an mortgage expert. Just like if you were to come to my job you would not even know where to start.


Now with that said, people all across the nation have been ript off, not because they are stupid or they didnt get a second or third opinion but because Ameriquest offered many many people a good deal but didnt show all of what they were really offering.


I didnt even get papers @ closing. I got a huge run around for months after my closing. And just one more thing their smart guy, I had my appraisel and closing all in about 2 days and when you are asking question to these dip shits on the phone and keep getting a run around, like Im not sure I will have to get back to you. Or call this guy or call this guy and these guys are bigger dip s**t then the last one you talked to.

So with that all said please keep your mouth shut. You have no idea what we are all going through and what this company has done to many people. Ameriquest will PAY for what they have done to my family and I WILL keep my home. I will soon be leaving for Iraq and for 2years I have been trying to have Ameriquest fix this huge mess they have made and still they run and hide.

So when they are ready to talk they will have to wait on me now. I cant wait for when I come back from Iraq because if things arent settled I will be on ever TV station telling them my story right from what they have done to me and my family all the way to me comming home from Iraq and what they are still doing to me and my family.

Im sure that their will be a huge out poor then about ameriquest and what they are doing not only to the everyday citizen but also a United States Soldier. You do the Math.

GOD BLESS EVERYONE!!!!!!!!!!!!!!!!!!!!!
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#16 Consumer Comment

Ameriscumquest Utopia!

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

Hi everyone!
Ken thank you for all your help and starting this thread. I have been up for the past 2 days. I am burned out by this Americrap monster.

I found and spoke with MrH I praise him. I am going to see my attorney in the morning bringing LOADS of paperwork to him.

My story is the same as every ones.I have been to hell and back 6 times now for the 7the time Scumquest grew sme big kahoonas and right after I spoke to Mr H a sherif came to my door to serve me a note for Civil-Action EJECTMENT. they are pathetic

I own a $200.000 home I refinanced with Scumquest in 2001 for $50.000 in 2003 I injured my back I have 4 herniated lower lumbar disks. I was a two months late I called them about my misfortune and they said I was ok to send in the payment and so I did. in the meanwile they never picked up the cash from western union instead they send me ACT 91 I have been in forclosure with them since 2003. Fighting to keep my home. God I have too much equity and sweat equity to them just to take my home as YOu said they need to go down.

In the begining I did not catch up why so much trouble, well when I was sick and ready to throw in the towel the truth came out. the buyers attorney told me to hire an attorney whenever they did the title search so I can have a closing and go on with my life without scumquest they found so much fraudd they backe off and did not want to do anything with buying my home. they decressed (now I know why) so I couldn't refinance. period. the value on my appraisal never removed my payoffs from the title showed the loan twice on my credit report and have put so much fraud on my deed and credit report after my bancrupcy chapter 13 was dismissed I began to receive credit card statements from creditors I never even heard of. OMG this is too much

I contacted Dr Phil and Hillary clinton and senator Casey here in Pa and just like others I can get over the fact that everywhere I went in the city of scranton and sopke to every local and state agency people are un informed and dumb and dont want to hear it. This makes me even more sad and frustrated. I am burned out now I will post my update tomorrow after I talk with the lawyer. well just one more thing before I try to get some ZZZZ's

I think they went on a foreclosure rampage to gain equity for themselves so by the time they go to bail out and sell the company they will sell it as is, with all these homes who wouldn;t want that. just a thought. good night
once more thank you Ken and MrH.

god bless!
by the way I want to start a movement Quest 4 Financial Freedom"

I grew up in Poland and we all got united and formed Solidarity and just like little ant like me fought and prevailed Communist system that was raping us for too long.
Sexual Predators+Predatory Lending =RAPE
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#17 Author of original report

Meeting!

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

First I would like to say something to Mike and all other Ameriquest employees past and present! You all say dont be mad at you because you worked for Ameriquest in the past. Well I for one dont like any of you and never will because of what you have done to me and many others all across the United States.

If you want people to like you why dont all of you start by helping the people you have all screwed over by telling the truth. Tell the court system how you lied to people and put them into these crappy loans. Tell them how much money you made, and about the bonus you received after you screwed the customer over.

Well Im done with all of that talk about all these poor Ameriquest employees. I do want to get the word out their that in the second week in May we all here in Michigan are setting up a get together for all people who have lawsuits against Ameriquest to meet for a get together an question and answer session.

This is open to people who are with the law firm here in Hollond Michigan. Wether you have Mr B or Mr H as an attorney or not this is an open meeting for all. Most know how to get ahold of me or we can post on here for meeting time and place. This is a fine web site and has help many of us on here get in the right direction.

So make the phone calls or send the E-Mails and lets all get together and get everyones questions anwered. Both of the Attorneys will be present to help anyone out that has questions. This is a meeting for all to attend, and if you are a past or present Ameriquest employee I would not try to attend because , well lets just say you would not be doing your employer (Ameriquest) any favors but I will say you will be doing me and many others that have been a victim of Ameriquest a great favor. LOL. Well have to get mark your calenders and lets all make a date that we can all meet.

Good luck and God Bless!
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#18 UPDATE EX-employee responds

Please don't assume all employees of Ameriquest were crooks....

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

I am an ex-employee of Ameriquest. Please don't lump all ex-employees or all loan officers into the category of crooks. Many of the people who worked for Ameriquest did good loans for borrowers, but you will not hear from those individuals. On the other hand many bad loan officers did horrible things to unsuspecting borrowers. The only advice I can give is that when dealing with (in most cases) the biggest investment of your life get a 2nd and 3rd opinion. Most people who buy a car don't walk onto the first car lot and take whatever the salesman is offering, they shop around and find the best car for their money. Definitely do the same when it comes to a mortgage. As to why many of you are having trouble with contacting the branch or the loan officer that you originally dealt with, this is because Ameriquest shut down all branch operations and moved all operations to 3 or 4 regional call centers. If there are any questions or any advice I can give to a particular situation please let me know. I wish you all the best of luck.
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#19 Consumer Comment

Get a Life

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

You know I agree to an extent we are the blame. yes we trusted people that were out to get our money. yes we trusted the appraisal value of our homes. Ever hear of the Truth and Lending law....
You said you left AMC at one point then went back. What was it the easy money you made from decieving honest people. it couldn't have been from the warm fuzzy feeling you got when you helped screw people out of their money first then their homes. Did you take part in dial hour to see how many people you could screw before going home to make quota so you wouldn't be chewed out the next day or possible lose your job because you didn't get enough loans... or we're you from one of the offices that got shut down and when good honest people called to say hey this isn't what I signed get a automatic messege saysing i'm sorry the number you have dialed is no longer in servive.

And then when you do find a number that works hty have no idea what you are talking about and before you know it an officer is serving you eviction notices... so until you go through what we have or have read all the details kindly keep quiet we get enough grief from AMC and their many branches of lawyers that don't know who is scrathing whos arse to make the day go bye faster
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#20 Consumer Comment

Get a Life

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

You know I agree to an extent we are the blame. yes we trusted people that were out to get our money. yes we trusted the appraisal value of our homes. Ever hear of the Truth and Lending law....
You said you left AMC at one point then went back. What was it the easy money you made from decieving honest people. it couldn't have been from the warm fuzzy feeling you got when you helped screw people out of their money first then their homes. Did you take part in dial hour to see how many people you could screw before going home to make quota so you wouldn't be chewed out the next day or possible lose your job because you didn't get enough loans... or we're you from one of the offices that got shut down and when good honest people called to say hey this isn't what I signed get a automatic messege saysing i'm sorry the number you have dialed is no longer in servive.

And then when you do find a number that works hty have no idea what you are talking about and before you know it an officer is serving you eviction notices... so until you go through what we have or have read all the details kindly keep quiet we get enough grief from AMC and their many branches of lawyers that don't know who is scrathing whos arse to make the day go bye faster
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#21 Consumer Comment

Get a Life

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

You know I agree to an extent we are the blame. yes we trusted people that were out to get our money. yes we trusted the appraisal value of our homes. Ever hear of the Truth and Lending law....
You said you left AMC at one point then went back. What was it the easy money you made from decieving honest people. it couldn't have been from the warm fuzzy feeling you got when you helped screw people out of their money first then their homes. Did you take part in dial hour to see how many people you could screw before going home to make quota so you wouldn't be chewed out the next day or possible lose your job because you didn't get enough loans... or we're you from one of the offices that got shut down and when good honest people called to say hey this isn't what I signed get a automatic messege saysing i'm sorry the number you have dialed is no longer in servive.

And then when you do find a number that works hty have no idea what you are talking about and before you know it an officer is serving you eviction notices... so until you go through what we have or have read all the details kindly keep quiet we get enough grief from AMC and their many branches of lawyers that don't know who is scrathing whos arse to make the day go bye faster
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#22 Consumer Comment

Get a Life

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

You know I agree to an extent we are the blame. yes we trusted people that were out to get our money. yes we trusted the appraisal value of our homes. Ever hear of the Truth and Lending law....
You said you left AMC at one point then went back. What was it the easy money you made from decieving honest people. it couldn't have been from the warm fuzzy feeling you got when you helped screw people out of their money first then their homes. Did you take part in dial hour to see how many people you could screw before going home to make quota so you wouldn't be chewed out the next day or possible lose your job because you didn't get enough loans... or we're you from one of the offices that got shut down and when good honest people called to say hey this isn't what I signed get a automatic messege saysing i'm sorry the number you have dialed is no longer in servive.

And then when you do find a number that works hty have no idea what you are talking about and before you know it an officer is serving you eviction notices... so until you go through what we have or have read all the details kindly keep quiet we get enough grief from AMC and their many branches of lawyers that don't know who is scrathing whos arse to make the day go bye faster
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#23 UPDATE EX-employee responds

sorry for your problems

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

I'm an ex employee of Ameriquest. I was there for a little over 5 years. I actually left at one point,and of course went back, but I went around to a few other companies that promised they could do the same if not better than Ameriquest. Do you know what the funny thing is, they bad mouthed AMC for everything they were doing, then turned around a were doing the same thing, stated loans for people who couldn't afford it, over inflating values, bait and switch tactics, etc.... Everyone in the business wants to be The Quest, no matter how many people are going to respond and say hell no, you know you wish you were.

To the people who were sooo surprised that there house had appraised 50K in 5 months, then come to find out it not worth that. Thats your fault, I'm not being rude, I'm just being honest. How are you not going to know the true value of your home? You weren't complaining when you were taking that check to the bank to cash it.

And stated deals, hey if the loan officer tells you you need to state a certain ammount in order to get the loan done and you do it and now you can't afford the house. You're just as much to blame as the LO. You should have thought about it then before you wrote a letter saying you owned an ice cream stand making 10K/mth.
So really you should have thought about all this before you signed on the dotted line.

Keep in mind, a loan officer is a salesman, just like when you go to buy your new car, or TV, or even that new vacume, its all about sales. If they can get it done, they'll do it, not just AMC LO's, but everywhere.

For future reference, if you don't think your house appraises for what they say, for gods sake get your own appraisal and use that. Also don't state you make more than what you do if you know you're not going to be able to afford it.

And to Beth the LO that has taken so much business from AMC. I don't know why you're bragging about that. Its not hard, their rates are horrible, they always use ARM's, and their fees are outrageous. My 5 yr old brother can steal an AMC loan.

Again, I'm sorry about the troubles and problems you guys are having, but its 50/50, you're just as much to blame as them.

Yours

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#24 Author of original report

Going Great Ray

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

Everything is going great and everything is on track. So we are playing the waiting game and its ok with me i have plenty of time.

Their is another holland mi post it might be on the other page or maybe the 3rd. You will understand how to get ahold of me if you read it from top to bottom and every word.

Well i have to get for now but will post more next week!!!!!!!!!!!
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#25 Consumer Comment

Where are you Ken??

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

Have been following this post, How is your suit going? Can't find other New Holland thread to find how to contact you. We have loan through AMC, no trouble yet only 1st year into loan but want to know how to prevent it or what signs to look for that may indicate trouble is comming. We don't want to lose our home by a scam company.
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#26 Consumer Comment

Sue

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

The way this company operates an honest person would not work for them. I was introduced to this collection service through a relative. They are crooks and deceptive. All the better. I have a surprise for them. I'll let you folks know if it works.
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#27 REBUTTAL Individual responds

Ameriquest Ex Employees

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

I wish all honest people that are ex-employees of Ameriquest would post things on this board that could help each of us. If anyone is willing, we would sure appreciate it. If you don't want to post, just send your info to me and I will post it so no one will know where it was from.


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#28 Consumer Comment

It's happening in Wisconsin Too!

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

I live in Milwaukee Wisconsin. I have to say. I thought it was only my husband and I that were taken in by Ameriquest, until I started reading. It made me sick to my stomach. I don't have to explain what happened to us because it's the same story. I've been trying for over a year and a half to get someone to help us at Ameriquest. It took me over a year to just get a copy of our appraisal when I found out we couldn't refinance. We were over appraised by $85,000. In fact the appraisers information on the location of our home in her report didn't even put us in the town we live in. She place our house about 15 miles from where it actually is.

I did talk to several attorney's and was told that we had a case but there was not enough money in it for them. I went to legalhelp.com in Milwaukee and found a wonderful attorney who is now helping us. Of course Ameriquest will not talk to him either so this week we're filing a federal lawsuit against Ameriquest.

I won't give up. I'm told that it doesn't matter if Ameriquest is sold. If someone is stupid enough to buy the mortgage section of this corporation, they will have to assume all liability that comes along with it. Don't wait for Ameriquest to answer your calls or letters, they won't or if they do they'll try to get you to go after the appraiser. Don't fall for it. If you go after the appraiser, you'll loose your chance to go after them. Find an attorney who's willing to take your case and file the suit and go after Ameriquest and the appraiser at the same time.

I always though myself an intelligent women and I refuse to allow this company to take advantage of people who work hard and trust in people.

Thanks to all who have written and have given me realize that we're not alone.

I wish everyone good luck and keep fighting.

Liz. Milwaukee, WI
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#29 Consumer Comment

How can I get a hold of your attorney Ken?

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

I've read all of your posts, but cannot fathom where you give us a hint who this attorney is in MI. I live in CA but bought property in cleveland. They were illegal flips and appraised 5x their value. I was told by the seller that it would be completely turn key rehabbed and I would make a bunch of money renting them out. Well they used ameriquest even though at the time i had good credit. the house were thrash and nothing was done. I didnt get the appraisal report until AFTER closing which is illegal. EVen then I filled reports.

Ameriquest was willing to deed back one house when i filed complaints but they made me sign a stipulation. That was before i realized the houses were trash and the price was inflated three times the amount. Also they failed to mention I was part of the class in the class action. in the loan docs tehy had me living in the four duplexes when I live in CA! I couldnt figure out why all the tax bills were coming to each house. Anyway the appraiser I reported skipped the state knowing it was the end of the line and the seller is being investigated by the prosecutors office, i also turned him in for possible tax fraud.

I retained an attorney who is willing to take this on just to file a case. She is doing it as a favor so the SOL doesn't run out. Then I have to find an attorney willing to take this on contingency. If i find lots of attorneys in many states suing for the same reasons it bolsters my case. I believe i can nully this stupid stipulation as I really didnt understand it, and I foudn out there were state and city disclosure which I was suppose to see and never seen. one in fact was signed by the seller rather than me. Ameriquest knew all this but wanted to rip me off and the taxpayers (using fanny mae's money).
anyway I want to get ahold of your lawyere and looked at all you posts and cant figure out who he is. I know rippoff reports bleeps out your email address but you give the guys name out or hint about it?
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#30 Author of original report

Update!!

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

Just a fast update on my quest to bring Ameriquest down!!!!! We are still proceeding our lawsuit against Ameriquest, but like all lawsuits everything takes so long to get done.

I only have one thing to say to the people who defend Ameriquest, if their wasnt any merit in my case and 1000s of other cases this would of all been done before it even started!!

I went to my Attornys office today to drop off some more paperwork and their was yet another client their to see them on a lawsuit.

This is still all at the begining stages of the lawsuit and im willing to keep fighting for another year or two if I have to.

Everyone hang in their and justice will prevail. Have a great new year and God Bless!!!
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#31 Consumer Comment

To All who were ripped off by Ameriquest

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

Have a MERRY CHRISTMAS, and may God bless us all and end our lawsuits and make all the wrong's right. I wish all of you a Blessed new year, and may we all be winners and have our life's back. I pray God will bless you all 100 fold , for all that was done wrong to us.
Kay
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#32 Consumer Comment

Recourse on Bad Appraisal

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

For those who had an appraisal that blatantly inflated their homes value for a mortgage. You have recourse against the appraiser and the mortgage company and not necessarily at the same time(good thing) . Appraisal Fraud is rampant in the mortgage industry esp with ameriquest - until they got caught. Now they are better on that end due to required checks by the govt.

When completing a loan, by federal law the lender is required to produce a copy of the appraisal at closing or if the loan does not close - ONLY if you specifically ask for it in writing. The appraiser by the same law cannot directly send you a copy of the appraisal.

When getting an appraisal done always get the name of the appraiser and whether they are a trainee or licensed - a trainee can visit the house alone BUT most mortgage companies require the trainee to be supervised and the report MUST state the supervisor inspected the work and he must sign the report stating so. If the appraisal states he inspected and he wasn't there report him to your state appraisal board and get a lawyer.

If you have representation you can have your lawyer do a request for production for the appraisal from the mortgage company OR at least get the name of the appraiser and send him the req for production for the appraisal AND work folder. Appraiser are required to keep this information for 3 years.

Once you have the original appraisal you can have a forensic or retrospective appraisal done by a reputable appraiser that shows your true value on the date of the original appraisal. These typically cost more than a regular appraisal but they could be worth the money. I am a Certified Residential Appraiser in Massachusetts.

Also for those who are in trouble you can send a fair credit letter stating that you believe that you are being made a victim of a coerced or constructed foreclosure.

Dont send it to Ameriquest - send it the their parent company ACC Capital Holdings, 1100 Town and Country Road, Orange, CA 92868 the fax number is public record from their SEC report. (I dont have it with me) address it to the CEO Aseem Mital or COB Dawn Arnall One of their assistants will call you back sooner than some one in home retention will. Make sure your details are correct and to the point and keep the names and contact times of everyone you have spoken to.

Once the owners office calls the peon you typically get a little bit better treatment.
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#33 Consumer Suggestion

Ken, You need to Listen!!!!

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

This is all so interesting. I am a senior loan officer with a very respectable bank for 18 years now. Ken, I feel for you buddy. There are so many people just like yourself that have been taken advantage of, whether Ameriquest or another predatory lender, over the last few years that we called the "refi boom". In reading Scott's post, I think he is trying to give some good info.

Ameriquest probably is going to be sold and the buyer is going to make a ton of money. Your problem is, that once this company is in fact sold, what happens to all of the on-going lawsuits??? It will be a firestorm!!! The new owner is not interested in operating under the Ameriquest name. He will buy a package including liabilities, i.e. your lawsuit, which will be far less than assets. Once it's done, it's done. You can't continue to sue something that does not exist. Pay attention and get moving!!!!
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#34 Author of original report

Get another hobby their steve nobody wants to hear what you have to say

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

Well maybe you have help a few people but from what I saw that YOU wrote I didnt see the name ameriquest once!!

Then you run your C--k sucker about how people cant handle their finances. What in the hell is that suppose to mean. I was handling my finances fine until ameriquest put their hooks in me and raised my monthly payment every 3 months when i was suppose to have a 30 year fixed monthly payment.

I see you just dont get it and im so done talking to a wall, but one quick question? If you arent an ameriquest employee or a customer why in the hell are you in this forum??????

I dont see anyone else talking to you about anything except for me because im still trying to figure out why you come in here with worthless information. But you can do something for me, go play in traffic holding a sign in your hand saying I love ameriquest.

Im sure you will have many people trying to run you over. Get another hobby their steve nobody wants to hear what you have to say in this forum.

Im done with you, your an idiot!!!!!!!!1
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#35 Author of original report

Get another hobby their steve nobody wants to hear what you have to say

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

Well maybe you have help a few people but from what I saw that YOU wrote I didnt see the name ameriquest once!!

Then you run your C--k sucker about how people cant handle their finances. What in the hell is that suppose to mean. I was handling my finances fine until ameriquest put their hooks in me and raised my monthly payment every 3 months when i was suppose to have a 30 year fixed monthly payment.

I see you just dont get it and im so done talking to a wall, but one quick question? If you arent an ameriquest employee or a customer why in the hell are you in this forum??????

I dont see anyone else talking to you about anything except for me because im still trying to figure out why you come in here with worthless information. But you can do something for me, go play in traffic holding a sign in your hand saying I love ameriquest.

Im sure you will have many people trying to run you over. Get another hobby their steve nobody wants to hear what you have to say in this forum.

Im done with you, your an idiot!!!!!!!!1
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#36 Author of original report

Get another hobby their steve nobody wants to hear what you have to say

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

Well maybe you have help a few people but from what I saw that YOU wrote I didnt see the name ameriquest once!!

Then you run your C--k sucker about how people cant handle their finances. What in the hell is that suppose to mean. I was handling my finances fine until ameriquest put their hooks in me and raised my monthly payment every 3 months when i was suppose to have a 30 year fixed monthly payment.

I see you just dont get it and im so done talking to a wall, but one quick question? If you arent an ameriquest employee or a customer why in the hell are you in this forum??????

I dont see anyone else talking to you about anything except for me because im still trying to figure out why you come in here with worthless information. But you can do something for me, go play in traffic holding a sign in your hand saying I love ameriquest.

Im sure you will have many people trying to run you over. Get another hobby their steve nobody wants to hear what you have to say in this forum.

Im done with you, your an idiot!!!!!!!!1
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#37 Author of original report

Get another hobby their steve nobody wants to hear what you have to say

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

Well maybe you have help a few people but from what I saw that YOU wrote I didnt see the name ameriquest once!!

Then you run your C--k sucker about how people cant handle their finances. What in the hell is that suppose to mean. I was handling my finances fine until ameriquest put their hooks in me and raised my monthly payment every 3 months when i was suppose to have a 30 year fixed monthly payment.

I see you just dont get it and im so done talking to a wall, but one quick question? If you arent an ameriquest employee or a customer why in the hell are you in this forum??????

I dont see anyone else talking to you about anything except for me because im still trying to figure out why you come in here with worthless information. But you can do something for me, go play in traffic holding a sign in your hand saying I love ameriquest.

Im sure you will have many people trying to run you over. Get another hobby their steve nobody wants to hear what you have to say in this forum.

Im done with you, your an idiot!!!!!!!!1
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#38 Consumer Suggestion

Ken, here is 1 person who I have helped.

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

Hey Ken, you challenged me to show you 1 person who I helped from RipoffReport.com. Wel, here is the post.

>>>HFC Fairfield CT / Agent Ashley dishonest fraudulent misrepresentation of the product and false promisses leading to bankruptcy Fairfield Connecticut *UPDATE ..<<<

The post is from 10-02-2006.

Would you like another? OK

>>>>Quick Loan Funding, New Century Mortgage, Conspiracy to Defraud Federal Government Irvine California ..license number<<<<

This post from 11-14-2006.

This guy is a consumer advocate. His name is Robert Tapia and he and I have had an ongoing dialogue since July 2006 about mortgages. We have talked several times on the phone and exchanged all kinds of info. I have seen the loan docs of people he is reporesenting that have been screwed on their mortgages and provided suggestions.

Ken, I don't bash consumers, I just call a spade a spade and advocate for personal responsibility. It is maybe not in your case, but there are TONS of posts here from consumers that just plain can not manage their money responsibly.

The other thing that you just don't get or are willing to acknowledge, is that companies like Ameriquest, New Century, HFC, Fremont, First Franklin, Vanderbilt, HomeQ, Decision One, Option One are companies that offer loans to people with bad credit. That is their niche in the mortgage world. If a home owner has a loan with these companies, then they have credit issues. These companies exist because there is a market to provide home loans to these individuals. It just costs more and the homeowners are willing to pay it.

Otherwise, the consumer would have NEVER accepted the high rates or the high fees that these companies charge. The fact is, they couldn't get a loan elsewhere. Doesn't mean they are bad people, they are not stupid, but for whatever reason, they have not managed their finances wisely.
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#39 Consumer Comment

AMQ IS being sold ... that's a fact

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

Ken - AMQ is being sold (if not already finalized it's close enough that all biz decisions are being pushed off until January). You've heard it from me first, called me a liar, and then had it supported by an article from an industry magazine.

I try to give you info, but it's like trying to make a horse drink. You stick your nose in the air and call ME the fool.

Now - you state that you have "proof" that I work at Ameriquest. Please show me a W-2, a phone number, any one that I've written a loan for, or even my full name; because any of that would be fictitious (I am not now, nor ever have been a sales person in any type of field).

When a new company comes in, they assume all of the assets and all of the liabilities of the company they purchase. While most individuals would not want $1 billion in liability, it is relative - they have over $113 billion in assets (aka loans to service). Steve has explained the numbers to you, yet you still berate him.

We understand that you have a problem with Ameriquest. You have been given advance information that if you were smart, you could leverage. You just don't get it.
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#40 Consumer Suggestion

attorney generals office wont do anything for you. All they do is look into matters and take complaints

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

Hate to tell ya lisa

But the attorney generals office wont do anything for you. All they do is look into matters and take complaints. Trust me i know. The attorney generals office here in michigan is a joke.And the money that you get from these silly lawsuits is about 600 per family.

You will have to get an attorney. Myself and many others here on the web site have the same attorney and have been very happy. Read both holland michigan post and you will see how you can get ahold of me and i can get you in the right direction.


And for my final comment. Steve dont think I forgot about you. You may have been in business for sometime ill give you that but on all of your post all you do is put down or bash the consumer. Remember we were ript off not Ameriquest ok! And for you helping people ha. Tell me one person you have help from rip off report.

So if you are trying to help people here on this web site fine but we really dont need your stupid remarks on this site ok. This is a site for people trying to help each other. This is not your personal site to drum up business.

Everyone have a great weekend and GOD BLESS!
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#41 Consumer Suggestion

Not AMC employee

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

Ken, you crack me up. You obviously didn't read this post, and you very obviously have not read many of my previous postings, of which there are probably over 100.

I have slammed AMC and companies that use similar tactics to screw customers over and over here. I do not need to defend those postings. Look em up. I have posted my contact information many times, mixed in with the text. Posters from here have contacted me numerous times and I have given them advice to fix their situations.

I've been a mortgage broker for almost 10 years now, and I have never worked for AMC. I have never, ever sent t loan to their wholesale division, Argent. Quite the contrary, in fact. In fact, over the last 3 years or so, we have marketed heavily to the homeowners who have mortgages with AMC, T & C, Aegis, Ditech, Beneficial, etc., the lenders most often associated with predatory practices. We show the homeowners the nightmares that await them and most times we have a way to get them out of the problem if they have not sucked all the equity of their home.

The article I posted here is from a very respected, widely available, national mortgage publication we subscribe to. It did not endorse AMC, offer opinions defending them, anything like that. It offered up a newsworthy event. Nothing more, nothing less.

As far as who would want to buy them? It is just a numbers game, like buying any other type of business. Sure, no doubt theis company is very tainted, but look at the numbers.

ACC services about $113 BILLION in loans, and is being purchased for about $2.5BB-$3BB. Even if the new buyer would have to pay $1 BILLION in lawsuits, claims, settlements, etc., that is NOT EVEN 1% of the value of the serrvicing rights. It is a drop in the bucket compared to the value of the long term income to the new owners of the loans.

Not just that, but consider this: Most of the loans that AMC originated were the 2/28, 3/27, 5/25 variety, and the rate adjustments are coming now and over the next couple of year. The buyer of ACC Capital Holdings is also purchasing the first opportunity to approach these homeowners to get them into a better loan. There will be a HUGE amount of refinancing business available to the new buyer.

Ken, you totally don't know anything about me, my business, my exerience in this business. I have helped 100's and 100's of homeowners with screwed up credit fix their situations, and some of them I have done 3-4 loans for. I don't really prospect for business much any more. My business is going to close 2006 as 82% referral based from previous borrowers and realtors.

Good luck on your deal Ken, but just because someone makes a post here that does not slam AMC, does not mean they are supporters of AMC.
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#42 REBUTTAL Individual responds

Wisconsin Attorney General Help

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

I am just like the rest of you. I was taken by Ameriquest twice. I have tried contacting them several times via mail, email, and the telephone with no help what so ever. It was from inflated rates to adjustable instead of fixed and outrageous closing fees.

Well after looking today it appears that the Wisconsin Attorney Generals Office is taking action.

Please type in your search Attorney General Office Wisconsin and then it will bring you to the Wisconsin Department of Justice www.doj.state.wi.us

Then under consumer protection section. You will find a website addres for Ameriquest Settlement.
http://www.ameriquestmultistatesettlement.com/

Please check into this information.
I hope this helps some of you anyway.
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#43 Consumer Suggestion

Hey Steve LOL - still a brainwashed employee of Ameriquest!

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

I see your still a brainwashed employee of Ameriquest! Who in their right mind would want to buy a company with such a shady record as ameriquest! And besides their is proven facts that ameriquest is involved in many cases of fraud all across the United States.

I know what a case i have and so do all the other people who have been taken for a ride. Between you and Sarah their has to be a fraction of what one would call a brain.

You both say you have never had a loan or never have worked for Ameriquest but you both still run your mouths about nothing that makes any sence!

I know for a fact that the both of you do work for Ameriquest and this just shows once again how ameriquest employees treat their customers.

And I do have one question in closing and I really want to see your dumb a*s remark on this one. If they do sell wich they might what in the hell are they going to do with the large amouts of lawsuits against them? They cant just ignore them and we will not go away!!!!!!!!!
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#44 Consumer Suggestion

ACC Holdings will be purchased by HSBC

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

Hate to tell you Ken, but AMC and its parent company ACC Holdings will be sold by the end of 2006.

Read the following article. As far as all the pending lawsuits, all that is to the purchaser will be a monetary liability which is all ready factored into the $2.5 Billion price.

The Argent rep who services our office tells us that the rats are all ready deserting the wholesale side of the ship, having been told that "they will have new business cards by January 2007"

You heard it here first.

This is the article from National Mortgage News, "NewsWire"


Friday, December 1, 2006
National Mortgage News
Ameriquest Mortgage sale rumored
Analysts say ACC Capital of Orange, formerly the top subprime lender, is closer to the sale of all mortgage operations.


Acquisitions are heating up in the lending industry, as companies try to grab market share amid sinking loan volume. Now analysts confirm the widely held opinion that Ameriquest Mortgage is next.

Orange-based ACC Capital Holdings is entertaining offers for all of its mortgage businesses, including Ameriquest and wholesale unit Argent, according to National Mortgage News' MortgageWire and analysts.

An ACC spokesman declined to comment.

Bose George, an analyst with Keefe, Bruyette & Woods in New York, said reports of a sale are likely true, considering the wave of consolidations among lenders that make loans to borrowers with risky credit profiles in what is called the subprime market.

George went on to speculate that the most viable candidate would be Britain's HSBC Holdings, which has been on a bit of a buying spree of late. It recently purchased the subprime mortgage unit of Champion Mortgage, a Midwest originator of loans in the B/C market. HSBC is also one of the few banks in the world that specializes in B/C paper and has the cash to make such a purchase.

ACC, which services about $113 billion in loans, according to MortgageWire, would likely fetch about $2.5 billion, George said. It's owned by U.S. ambassador to the Netherlands Roland Arnall, who is worth $3 billion, Forbes magazine says.
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#45 Consumer Suggestion

Ameriquest cant be trusted!!

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

Ameriquest will have to settle with all of their customers that they have ript off before they sell anything to anyone!

I mean I sit here and wonder what goes through peoples head like Sarah? Do you think someone would want to buy Ameriquest with all the problems they are having?

If thats the case hell i will shoot them in the foot.No matter what Ameriquesr does, if they sell or not I WILL GET WHATS COMING TO ME AND MY FAMILY TRUST ME!!!!!!!!!!

So if their are anymore other dumb *&*& out their that want to make another comment please feel free to call me because i will give you an ear full.

When you GOOGLE AMERIQUEST LAWSUITS this rip off report comes right up on the top, so if you are a past or current employee and want to add a dumb a*s remark you will only be helping my case, so in a way thanks but no thanks!!
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#46 Consumer Suggestion

Ameriquest cant be trusted!!

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

Ameriquest will have to settle with all of their customers that they have ript off before they sell anything to anyone!

I mean I sit here and wonder what goes through peoples head like Sarah? Do you think someone would want to buy Ameriquest with all the problems they are having?

If thats the case hell i will shoot them in the foot.No matter what Ameriquesr does, if they sell or not I WILL GET WHATS COMING TO ME AND MY FAMILY TRUST ME!!!!!!!!!!

So if their are anymore other dumb *&*& out their that want to make another comment please feel free to call me because i will give you an ear full.

When you GOOGLE AMERIQUEST LAWSUITS this rip off report comes right up on the top, so if you are a past or current employee and want to add a dumb a*s remark you will only be helping my case, so in a way thanks but no thanks!!
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#47 Consumer Suggestion

Ameriquest cant be trusted!!

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

Ameriquest will have to settle with all of their customers that they have ript off before they sell anything to anyone!

I mean I sit here and wonder what goes through peoples head like Sarah? Do you think someone would want to buy Ameriquest with all the problems they are having?

If thats the case hell i will shoot them in the foot.No matter what Ameriquesr does, if they sell or not I WILL GET WHATS COMING TO ME AND MY FAMILY TRUST ME!!!!!!!!!!

So if their are anymore other dumb *&*& out their that want to make another comment please feel free to call me because i will give you an ear full.

When you GOOGLE AMERIQUEST LAWSUITS this rip off report comes right up on the top, so if you are a past or current employee and want to add a dumb a*s remark you will only be helping my case, so in a way thanks but no thanks!!
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#48 Consumer Suggestion

Ameriquest cant be trusted!!

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

Ameriquest will have to settle with all of their customers that they have ript off before they sell anything to anyone!

I mean I sit here and wonder what goes through peoples head like Sarah? Do you think someone would want to buy Ameriquest with all the problems they are having?

If thats the case hell i will shoot them in the foot.No matter what Ameriquesr does, if they sell or not I WILL GET WHATS COMING TO ME AND MY FAMILY TRUST ME!!!!!!!!!!

So if their are anymore other dumb *&*& out their that want to make another comment please feel free to call me because i will give you an ear full.

When you GOOGLE AMERIQUEST LAWSUITS this rip off report comes right up on the top, so if you are a past or current employee and want to add a dumb a*s remark you will only be helping my case, so in a way thanks but no thanks!!
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#49 Consumer Comment

Delay tactics or Just plain stupidity

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

The delay was caused by the stupidity of AMC and their lawyers not doing things in the correct mannor so yes a victory any time that they show the courts just how well they do things and we all know how well they do things is a victory any day I can look my children in their eyes and say yes we can stay in our home is a victory.
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#50 Consumer Suggestion

Oh Sarah

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

Wow I thought you learned last time when everyone on the post bashed you and called you out! So what is it this week your an ameriquest employee, no wait you never worked their right, o wait I know you were fired for all your stupid remarks you made on many rip off report post. But hey i thank you for all the stupid remarks, it just showed how ameriquest employees treat their customers.

Before you come in here and run your mouth about nothing you have any idea about you should really do your homework. Remember i told you that many months ago when you shot your mouth off!

Ameriquest will never sell, their getting away with fraud and the Attorney Generals are letting them get away with it. So we the customers will fight them to the end and shut their doors and put them out of bussiness!!!!!!!

And in closing I cant wait for the day to see all the top brass at ameriquest behind bars. And dont worry their Roland Arnell you will be joining them!!!!!
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#51 Consumer Comment

Delaying Tactic?

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

Don't be so sure that the "delay" is a win ... Ameriquest went on the for sale block this week and has two active parties interested.
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#52 Consumer Comment

Delaying Tactic?

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

Don't be so sure that the "delay" is a win ... Ameriquest went on the for sale block this week and has two active parties interested.
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#53 Consumer Comment

Delaying Tactic?

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

Don't be so sure that the "delay" is a win ... Ameriquest went on the for sale block this week and has two active parties interested.
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#54 Consumer Comment

Delaying Tactic?

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

Don't be so sure that the "delay" is a win ... Ameriquest went on the for sale block this week and has two active parties interested.
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#55 Consumer Comment

Update

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

We lost a family member today and it made me realize that there are worse things out there then loosing your home to a bunch of idiots it doesn't make it right but it puts it into perspective.

Due to someone not doing their homework our waiting game was extended on Monday. Mr. Black calls it our first victory.

The Lady from Florida is very nice I have talked to her 3 - 4 times now She called Monday because she remembered it was our court date and was going to contact Mr. Black the same day.
Ken I e-mailed you earlier this week I am hoping it went through my pc crashed a couple weeks ago so I had to dig up your e-mail again.
Hope all are hanging in there..
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#56 Author of original report

The waiting game!

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

Well i was called by Mr Black from Hall and associates @ 7:30 last night and he was working on my case and many of the others. This tells me ones thing that ameriquest better do their home work.

They will have to pay the piper. And this time it will be more than a class action lawsuit. They have already lost in court and 350 mill, and they look at this as a cost of doing bussiness.

There are a lot of people retaining their own attorney and going after them. But Ameriquest is doing bussiness as if their is nothing wrong. Im thinking it is to save face, but it will all come to an end very soon!

Well have to get just wanted to update a bit. If you get a call from anyone from another attorneys office or the news media please direct them to your attorney. Since the beginning of this huge mess i have been contacted by many people. Just yesterday i was contacted by a women from florida and she reads all of these sites. She works for an attorneys office that have many lawsuits against Ameriquest.

Good Luck to all and GOD BLESS!
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#57 REBUTTAL Individual responds

YES NILES MICHIGAN

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

I have to say i am in the same boat has you and again THANKS TO KEN AND HIS ATTORNEY. Things have changed and i hope everyone reading this info really takes it to heart and does something with this info and dont give up or give them your home there is hope. God Bless to all over this holiday seasoning.
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#58 Consumer Comment

Listen to Ken

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

I just wish I had found this site a year ago.
After getting into contact with Ken we then contacted his lawyer who has shown us glimmers of hope none of which I have had for some time now.
On the 7th We recieved another phone call from the man with no last name saying time was up. We informed him that we had been in touch with a lawyer and gave name and number to him. On the 8th papers were filed to evict us. On the 14th I had a visit from the sherrif. Isn't life grand
only goodthing is that the mans idle threats of having the sherriff show up and evict us on the spot. I no longer jump out of my skin when the phone rings or the dogs bark or when there is a knock on the door.

If it wasn't for Ken and our attorney I would have mentaly checked out by now.

Thanks again Ken for all the good you are doing.
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#59 Author of original report

Amy their is help!

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

Their is another web site from holland michigan.Read this site from top to bottom. Their are many of my postings on this site. So read it from top to bottom and you will understand how i can help you. I am from holland michigan.

I have retained a very good Attorney here in holland. If you contact Hall here in holland you will get help! This fine web site has helped many here in Michigan!

This site rip off report has help many people get help. Ameriquest wishes this site would go away. This site has also began the down fall of ameriquest. This company (ameriquest) will pay for what they have done to thousands of people acoss the country.

But Michigan alone will be a state that ameriquest also wishes they never have done bussiness with. But the one thing ameriquest really wishes they have never done, was put me in a fraudulant loan and they have met their match and i am NOT going away.

I wish you all luck and read the other holland mi post and you will be able to get help ! :)
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#60 Consumer Suggestion

Ken, HELP, I'd like to talk to you

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

I'm in the same situation. How can I join and discuss with a lawyer. I'm only 30 min from Holland. My house was over appraised 40,000, were stuck and cannot refi or sell.
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#61 Author of original report

Yes you may!

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

I am glad you were able to get the info you need. There is an attorney here in holland mi that can help you!

You may also contact me with any questions that you may have. This web site gives people a chance to get help! Keep up the great work rip off report!!
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#62 Consumer Comment

I'm at a loss!

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

I just posted my dealings with this shady company. I'd like to move on to the next step.I live in Waterford, MI. the attorney general couldn't or wouldn't help. I'm stressed & frustrated.

I'm wondering how you were able to get a lawyer to help you? We are having the worst time finding someone to even hear us out.

I have been reading your postings for awile now & have the info I need to contact you. Is that ok?
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#63 Consumer Comment

I'm at a loss!

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

I just posted my dealings with this shady company. I'd like to move on to the next step.I live in Waterford, MI. the attorney general couldn't or wouldn't help. I'm stressed & frustrated.

I'm wondering how you were able to get a lawyer to help you? We are having the worst time finding someone to even hear us out.

I have been reading your postings for awile now & have the info I need to contact you. Is that ok?
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#64 Consumer Suggestion

Ameriquest cant be trusted!!!!!!!!!!!!!!!!!!!!!!!!!!!!1

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

Everyone needs to spread the word about this company, already they are feeling the heat. They are turning their backs on every customer they have with a limited workforce.

We all need to keep fighting this company until they are all locked up and put in federal prison for what they are doing to millions of people.

I am a veteran (army) and I am in the National Guard now serving this country. It makes me sick that Jack Roush has this company as a sponser for his race team. Greg Biffle drives the #16 wich also has the National Guard as a main sponser.

We need to have all these huge corporate companies to stop taking money from Ameriquest. Send E-Mails , letters and even make phone calls and let them all know how you feel!!!!!!!

GOD BLESS everyone who has been taken by this company and fight them to the bitter end!!!!
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#65 Consumer Suggestion

Ameriquest cant be trusted

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

I have spoken with many people here on this fine site. Most that have been hurt by ameriquest in Michigan know who I am and I have spoken with many of you on the phone and have even met for lunch.

I also see and hear the hurt in your eyes and voice. I am here to tell you all I know what you are going through. Because I have also felt the pain from ameriquest first hand. I have had people from ameriquest tell me on the phone that I should spend less every week for food, sell my car and they even went as far as to tell me to pack my stuff and get the hell out of my home because it belongs to ameriquest now!

I am also here to tell everyone that we all need to stop this company from hurting us and all the people they continue to hurt every day. This company will tell you what they want you to hear after they tear you down, dont believe a word they say. They want your home and will do anything to get it!

So please do the right thing, they have lied to everyone and will continue to do so! So with that said if they lied to you so many times before what makes you think they are going to turn a new leaf now? As you sit here and read this message somewhere here in the United States their is another family going through the same thing we all went through in the beginning!

Lets help each other and stop this from happening to anyone else!


GOD BLESS!

Ken - Holland, Michigan
U.S.A.
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#66 Consumer Suggestion

Ameriquest cant be trusted

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

I have spoken with many people here on this fine site. Most that have been hurt by ameriquest in Michigan know who I am and I have spoken with many of you on the phone and have even met for lunch.

I also see and hear the hurt in your eyes and voice. I am here to tell you all I know what you are going through. Because I have also felt the pain from ameriquest first hand. I have had people from ameriquest tell me on the phone that I should spend less every week for food, sell my car and they even went as far as to tell me to pack my stuff and get the hell out of my home because it belongs to ameriquest now!

I am also here to tell everyone that we all need to stop this company from hurting us and all the people they continue to hurt every day. This company will tell you what they want you to hear after they tear you down, dont believe a word they say. They want your home and will do anything to get it!

So please do the right thing, they have lied to everyone and will continue to do so! So with that said if they lied to you so many times before what makes you think they are going to turn a new leaf now? As you sit here and read this message somewhere here in the United States their is another family going through the same thing we all went through in the beginning!

Lets help each other and stop this from happening to anyone else!


GOD BLESS!

Ken - Holland, Michigan
U.S.A.
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#67 Consumer Suggestion

Ameriquest cant be trusted

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

I have spoken with many people here on this fine site. Most that have been hurt by ameriquest in Michigan know who I am and I have spoken with many of you on the phone and have even met for lunch.

I also see and hear the hurt in your eyes and voice. I am here to tell you all I know what you are going through. Because I have also felt the pain from ameriquest first hand. I have had people from ameriquest tell me on the phone that I should spend less every week for food, sell my car and they even went as far as to tell me to pack my stuff and get the hell out of my home because it belongs to ameriquest now!

I am also here to tell everyone that we all need to stop this company from hurting us and all the people they continue to hurt every day. This company will tell you what they want you to hear after they tear you down, dont believe a word they say. They want your home and will do anything to get it!

So please do the right thing, they have lied to everyone and will continue to do so! So with that said if they lied to you so many times before what makes you think they are going to turn a new leaf now? As you sit here and read this message somewhere here in the United States their is another family going through the same thing we all went through in the beginning!

Lets help each other and stop this from happening to anyone else!


GOD BLESS!

Ken - Holland, Michigan
U.S.A.
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#68 Consumer Comment

Good Luck Ken!

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

I very much doubt you will find anyone who can honestly, and intelligently, say or prove anything at all that Ameriquest has done to help anyone at all. They screw their customers until they can't even walk straight and then screw their own employees!

This company is unreal. How they are still in business is beyond me. For one, they have fought long and hard to ensure the laws are either changed or remain the same so fraudulent companies, such as they are, are very difficult to sue. I'm just glad to read on this site that people are fighting back and Ameriscum is losing quite a few cases. They need to lose many more to feel the pain and grief they have caused so many customers.

I can't think of a single thing they have done right! I'm sure your challenge will stand as I know there is NO ONE, not a customer OR employee, who can truthfully defend this company who has crapped on so many.
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#69 Consumer Suggestion

WOW

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

I just did a search for ameriquest lawsuits because it been a while. The first time I did that it was only about 180,000 hits.

Now I did one today and their are 1,730,000, really makes you wonder that maybe their really is a problem with ameriquest.

Just wanted to put that info out there for all the past and current employees that say ameriquest hasnt done anything wrong.

Those are facts, show me one good thing that ameriquest has done for the american people. I challenge you!
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#70 REBUTTAL Individual responds

i hired a lawyer

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

Ken i just want to say thank you very very much i have read every thing you have put in to this and you have done me and my family a wonderful thing. I at least have hope at this point. I am seeing your attorney sept 1st i cant think you enough. I WOULD REALLY LIKE TO TALK TO YOU ON THE PHONE i gave your attorney my name and number so please call. thank you so very much. Stacie-Michigan
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#71 Consumer Suggestion

Hey Everyone

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

Just wanted to say hello to everyone. I have been away from the sight because it makes me sick to listen to these current and ex employees whine and complain about nothing!

Everything is going very well in my case and i am very excited!!! I also wanted to get this post to the top of the site so everyone can get the info they need in michigan!!!

Well i got to get, but before i do you can visit a site that is a huge lawsuits against ameriquest for your veiwing. ilnd.uscourts.gov
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#72 Consumer Suggestion

Read the posts

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

Read both of the holland michigan posts and you will be able to get ahold of me. You have to read every word very carefully and you will see how to get in contact with me.

Everything is going great on my end and we are ready for the long haul. So I'm not worried as much any more but very anxiuos.

Keep up the great work rip off report and to everyone GOD BLESS!
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#73 REBUTTAL Individual responds

ken contact me

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

hey ken i have a report listed in shelbyville, Mi i need you to contact me
Thanks
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#74 Consumer Suggestion

Truth Ameriquest Short Sale Offer

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

My name is Blaise ***** and I am very familiar with Ameriquest and their short sale/loss mitigation department. They do only allow a third party to aquire your property through a short sale no matter how absurd this is. They are currently accepting offers at 50 to 60 % of the balance stated on their payoff statement.

Truth: They along with every other sub-prime lender is accepting 50 to 60 cents on the dollar but WILL NOT accept that same offer from the homeowner who needs help and is living in the home. Why do they do this? Because when the lender, be it Ameriquest or OCWEN or SAXON etc. accepts a short sale offer they actually substantially mitigate their losses.

They get to write off 100% of the loss on their balance sheet and the lost payments, they keep their good lending status with their credit line holders (warehouse lines) which keeps thier cost of credit or cash cheap and therefore they are more profitable on the billions they lend, they save on legal fees for recovery of past payments, they are no longer responsible for the property taxes and water bills, they are no longer working on the property (property values acutally decline in a forclosure on a monthly basis) that is declining in value. I am a short sale expert and I intimately know how the lending business works. I am the CEO of a national lending firm that buys loans from banks and brokers. I can be contacted via www.BlaiseDietz.com and I do not charge any consulting fees. I am a short sale expert and am happy to talk to anyone including your attorney. Best of luch to all dealing with the Ameriquest demon!

((( ROR REDACTED LAST NAME FOR SECURITY PURPOSES)))
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#75 Author of original report

Read the post's

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

Read both the holland michigan reports on this fine web site. You will find how you can get in touch with me and we can go from their.

These monsters need to be stopped and so far one thing i know is that ameriquest wishes they never even met me or have done bussiness with me. They have ruined my life and have lied to me since day one!!! And for that they will pay!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

So in closing read both the posts from holland michigan on here word for word and you will find how to get in touch with me, Good luck and hope to hear from you soon !!!!!!!!!!!!!!!
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#76 Consumer Comment

WHAT DO I DO TO GET STARTED?

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

KEN
I AM ALSO FROM MICHIGAN AND HAVE BEEN SCAMMED BY AMERIQUEST. I WENT THROUGH THE GRAND RAPIDS OFFICE. YOU CAN READ MY REPORT DATED 07/12/06 ON RIP OFF REPORT. CAN YOU ADVISE ME WHAT MY FIRST STEP SHOULD BE?

THANKS
DARLENA
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#77 Consumer Suggestion

To all who have been ript off by ameriquest!

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

Everything is going great right now! We are at a stand still and waiting on ameriquest to make a move! They might be thinking that I will just go away but I am not!

The advice from my attorney is to just sit back stay quiet and play the waiting game. So everthing is going as planned and I have a few more attorneys on my team now so I'm in very good hands.

So everyone keep fighting dont give up. What this company has done to us had fraud writtin all over it and they know it!

Have a great week and GOB BLESS to all!
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#78 Consumer Comment

Seattle, Washington

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

true i do hold myself accountable,but when your heating needs to be repaired you don't call a plumber you call a heating repairman . it's their expertise. i was too trusting and believed what they told me because that was their field.my mother in law was dying in my home my mother just had a bad stroke they knew that and took me for a ride and i finally fell off.THE COURTS FOUND THAT AMERIQUEST WAS GUILTY.
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#79 Consumer Suggestion

Kind Regards

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

First of all, I would like to clarify that I am not an employee or have ever worked for AMC - and I NEVER would even think about doing so, even if I have to end up washing dishes in a restaurant!

I happen to be a senior loan officer with many years of experience.

I have read/heard MANY horror stories about Ameriquest and professionals in the mortgage industry are in disbelief.

I have to agree with all of you about the wrong doings this company has done. They were really doing things that are NOT acceptable to any industry standard and they can only be classified as thiefs and criminals.
At the same time you also HAVE TO TAKE some of the blame of your misfortunes because you DIDN'T DO your homework or asked any questions!

I am not trying to add insult to injury but I do hope in the future ALL of you do your homework and ASK questions!

I can understand that most of you do not have any mortgage experience and/or background but at the same MOST of the numbers should be in plain English and for some things you simply have to use common sense!

For example if you purchased a home at $83,000? a few months ago and the property amazingly gained $42,000 in equity so quickly and is now worth $125,000? don't you think there may be something wrong with the picture? ( for clarification the properties which may experience a 15% to 25% appreciation in a year are in HIGH desirable areas usually in the east or west coast)Realistically you should always have an idea of much your house is worth. Did you have an idea how much the house were selling for in your neighborhood? If at first "someone" thought it was worth $100,000 and then the same person miraculously tells you a few hours later that is NOW worth $130,000 - wouldn't you think this is suspicious?

If under loan fees you see that someone is charging you $12,000 to process/originate the loan? Don't you think this is a bit too much? Did you question/challenge ANY of the fees? Did you get a second opinion from a different lender? Did you see ANY benefit in paying $12,000 in loan fees to get $12,000 cash-back?

Would you pay $24,000 + interest over 30 years to get $12,000 cash-back? (example) Are you really that desperate?

DID you ask what kind of loan program you were getting into? was it FIXED? was it ADJUSTABLE? if it was ADJUSTABLE? Did you bother to ask when was it going to change? How much was it going to change? How much would your payment increase?

Last and not least... where have you heard that someone will let you skip MORE than 1-2 months of mortgage payments? - NONE of them exist!!!
In fact even when you think you are "skipping" 1-2 months on mortage payments... YOU ARE STILL paying INTEREST on the loan!!! there is not such thing as free payments. For future reference ALWAYS make your mortgage payments - what makes you think you could go on rent/mortgage free for more than 2 months?

I truly do hope the best of luck in your current litigations... I am very sorry to learn many of you had to learn a terrible lesson the hard way.





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#80 Consumer Comment

shame on bush

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

Translated By Jan de Nijs

October 25, 2005

NRC Handelsblad - The Netherlands - Home Page (Dutch)
Roland Arnall: Persona non Grata?

It was a bad idea for President George W. Bush to appoint entrepreneur, millionaire and Republican fund raiser Roland Arnall to the post of Ambassador to the Netherlands. Arnall comes with significant baggage. His formal appointment has been held up since July because of a U.S. Justice Department probe into mortgage insurance company he founded, Ameriquest.


Ameriquest is under investigation for alleged fraudulent activities during the sale of mortgage insurance policies. It is expected that the U.S. Senate will block confirmation because the candidate for the ambassadorship has not properly resolved his legal issues with the Justice Department. Late last week, he had to answer some very pointed questions from Senators regarding his business dealings. It is one thing that Ameriquest is not highly regarded in the U.S. But what is really held against the candidate is the fact that many of Ameriquest's customers, victimized by the company's fraudulent practices, are now being stonewalled while trying to get their share of the multi-million dollar settlement (apparently agreed upon by both parties). This remains a major blemish on Arnall's record. It also causes the post of Ambassador to The Netherlands to remain unfilled.

Primarily, the blame for this latest blunder lies with Bush himself. There is nothing against awarding a major appointment to a significant election campaign contributor. It may be better that a friend of the president (who has a track record of putting his money where his mouth is) may have far better access to the President and his inner circle than a career diplomat that has a minimal relations with the President and may belong to the other party. Many Ambassadors to The Netherlands have gotten their assignment due of the fact that they were significant campaign contributors.

However, this type of appointment can by very risky politically, as the Arnall case proves. The issue surrounding the company he no longer leads - but still owns - came up immediately after Bush proposed his name. The president should have seen this coming: a long, slow-moving investigation, sharp criticism during Senate hearings, and disruption of the appointment process, leaving the Arnall appointment in permanent limbo.

In light of all this, is it at all possible for him to be appointed to the single highest U.S. diplomatic post in The Netherlands? That would be anybody's guess. What would have happened if Arnall was proposed for the top job in London, Berlin or Moscow? It is highly likely that another candidate would have been quickly found. Bush should have waited to announce Arnall until the Ameriquest issue was resolved. By then, The Netherlands would have gotten another Ambassador and Arnall, when his name was finally cleared, could have started somewhere else with a clean slate.

It was the right move for our Foreign Affairs minister Ben Bot to push his American counterpart Condoleezza Rice for a speedy resolution of the issue. It is in the best interests of both parties that this long-vacant and key position gets filled soon. But it would have been better if the Dutch government had objected earlier to the appointment. When Bush nominated Arnall, we should have objected immediately through political and diplomatic channels. The writing of this disastrous flap was on the wall. It is now clear that our agreement on this appointment was painfully premature.
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#81 Consumer Comment

shame on bush

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

Translated By Jan de Nijs

October 25, 2005

NRC Handelsblad - The Netherlands - Home Page (Dutch)
Roland Arnall: Persona non Grata?

It was a bad idea for President George W. Bush to appoint entrepreneur, millionaire and Republican fund raiser Roland Arnall to the post of Ambassador to the Netherlands. Arnall comes with significant baggage. His formal appointment has been held up since July because of a U.S. Justice Department probe into mortgage insurance company he founded, Ameriquest.


Ameriquest is under investigation for alleged fraudulent activities during the sale of mortgage insurance policies. It is expected that the U.S. Senate will block confirmation because the candidate for the ambassadorship has not properly resolved his legal issues with the Justice Department. Late last week, he had to answer some very pointed questions from Senators regarding his business dealings. It is one thing that Ameriquest is not highly regarded in the U.S. But what is really held against the candidate is the fact that many of Ameriquest's customers, victimized by the company's fraudulent practices, are now being stonewalled while trying to get their share of the multi-million dollar settlement (apparently agreed upon by both parties). This remains a major blemish on Arnall's record. It also causes the post of Ambassador to The Netherlands to remain unfilled.

Primarily, the blame for this latest blunder lies with Bush himself. There is nothing against awarding a major appointment to a significant election campaign contributor. It may be better that a friend of the president (who has a track record of putting his money where his mouth is) may have far better access to the President and his inner circle than a career diplomat that has a minimal relations with the President and may belong to the other party. Many Ambassadors to The Netherlands have gotten their assignment due of the fact that they were significant campaign contributors.

However, this type of appointment can by very risky politically, as the Arnall case proves. The issue surrounding the company he no longer leads - but still owns - came up immediately after Bush proposed his name. The president should have seen this coming: a long, slow-moving investigation, sharp criticism during Senate hearings, and disruption of the appointment process, leaving the Arnall appointment in permanent limbo.

In light of all this, is it at all possible for him to be appointed to the single highest U.S. diplomatic post in The Netherlands? That would be anybody's guess. What would have happened if Arnall was proposed for the top job in London, Berlin or Moscow? It is highly likely that another candidate would have been quickly found. Bush should have waited to announce Arnall until the Ameriquest issue was resolved. By then, The Netherlands would have gotten another Ambassador and Arnall, when his name was finally cleared, could have started somewhere else with a clean slate.

It was the right move for our Foreign Affairs minister Ben Bot to push his American counterpart Condoleezza Rice for a speedy resolution of the issue. It is in the best interests of both parties that this long-vacant and key position gets filled soon. But it would have been better if the Dutch government had objected earlier to the appointment. When Bush nominated Arnall, we should have objected immediately through political and diplomatic channels. The writing of this disastrous flap was on the wall. It is now clear that our agreement on this appointment was painfully premature.
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#82 Consumer Comment

ameriquest

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

i also lost my house to ameriquest,they got me good.i even had a buyer and they would only sell at 10,000. more than the loan.i have been keeping in contact with the Department of Banking and Finance about the settlement claim.i now think i will get a lawyer.in 5 years i paid them 50,000. my loan came down 2,000. also you might find this interesting
(((ROR REDACTED LINK FOR SECURITY PURPOSES)))
american dream more like nightmare

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#83 Consumer Comment

HI KEN

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

well do you want to update us a little. i know you might not be able to write everything but are things still moving along?
i wish you the best
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#84 Consumer Comment

News Release from California Dept. Of Corp.

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

In January of 2006 The California Department of Corporations released a public release stating what they have concluded with Ameriquest and it's affilates here's the web site:

http://www.corp.ca.gov/pressrel/06/corp/nr0601.htm

If the website does not show up google "Investigations on Ameriquest Mortgage Company".

Good Luck and God Bless,
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#85 Consumer Comment

hi ken

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

i wrote on the other site. hope things are going good. give me a call. i would like to get together with you and dave and see what else i can do. you guys seem to be moving right along.
later
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#86 Consumer Suggestion

Hey dave

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

Hows everything going with you and the attorney? Everything is going as planned with me and i could not be any happier!!!! Well tomarrow is friday i have a meeting @ the hospital in the morning @ 900 am but will be back around 10 am give me a ring and we can update each other. Well rip off report keep up the great work this site has help so many people on here its great.Well got to get have a great day!!!!!!
GOD BLESS !!!!!!!!!
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#87 Consumer Comment

Ameriquest St. Louis for Kay

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

Can anyone in St. Louis point me to a competent lawyer to handle my action against Ameriquest. I am interested to hear how Kay's case in st. louis is proceeding and if she is happy with her lawyer. I have the same exact case. Please respond with options.
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#88 Consumer Comment

Ameriquest St. Louis for Kay

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

Can anyone in St. Louis point me to a competent lawyer to handle my action against Ameriquest. I am interested to hear how Kay's case in st. louis is proceeding and if she is happy with her lawyer. I have the same exact case. Please respond with options.
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#89 Consumer Comment

Ameriquest St. Louis for Kay

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

Can anyone in St. Louis point me to a competent lawyer to handle my action against Ameriquest. I am interested to hear how Kay's case in st. louis is proceeding and if she is happy with her lawyer. I have the same exact case. Please respond with options.
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#90 Consumer Comment

Ameriquest St. Louis for Kay

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

Can anyone in St. Louis point me to a competent lawyer to handle my action against Ameriquest. I am interested to hear how Kay's case in st. louis is proceeding and if she is happy with her lawyer. I have the same exact case. Please respond with options.
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Marge,

No, I have another attorney in GR. My cousin is one of those "high power" attorneys - ran for Congress a couple times. He recommended this GR firm first (he specializes in another area of law), but when I brought up the name of Ken's attorney, he had good things to say about him, too.

Ken knows my reason for picking this firm. Probably shouldn't go into it here, but he will explain if you ask, which is fine with me - but just didn't want it publicized on this forum. I believe that Ken's attorney will do a fine job and get you the restitution you deserve. I believe that both firms are consulting each other.

I have a concern over this latest legal wrangle that Ameriquest got themselves into (Geeze, guys! Can't you do ANYTHING right!!!). They gave NO notice to many (if not all) of the States' banking regulatory agencies, that they did business in, before closing down branch offices. That's a no-no. Many states REQUIRE that financial institutions notify them AT LEAST 30 days prior to closing ANY branch offices in their respective states. As I said, AMC gave absolutely NO ONE any notice before closing these 229 branch offices. And now this has ticked off several states and they are talking about taking legal action against them.

I have an uneasy feeling about this. Don't know why... I don't really want AMC beat to a bloody pulp, and bled out, BEFORE we get out of them what they owe us. Maybe I'm concerned over nothing. I will talk to my attorneys this week about this. This matter needs to be taken care of expeditiously, for sure.
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#92 Consumer Comment

thanks david

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

i hope everything goes well for you. do you have the same attorney as ken?

good luck
marge
holland, mi
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#93 Consumer Comment

Marge - no effect...

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

Still the same situation (no change in plans are necessary):
- Illegal activites by Ameriquest representatives caused great harm to individual consumers.
- Ameriquest is full liable for their negative financial impact on the lives of these consumers.
- Ameriquest is still a financially viable company.
- Continue to proceed with full private litigation to the destined outcome.

I have spoken to Ken yesterday and my attorneys today. Everything is proceeding as planned.

There is nothing they can do to block.

Good luck,
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#94 Consumer Comment

TO JACKIE

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

Jackie I have a few suggestions, hope it helps, Each of these services has their own state divisions, Call ACORN, CALL THE APPRAISER BOARD, CALL YOUR LOCAL NEWS STATION TO SEEK MEDIA HELP, ALSO HERE IS A # IT'S ON THE PREDATORY LENDING VICTIMS WEB SITE . I'm going thru alot of the same, My house was over appraised at 45.000, I just got a notice today my house payments just went up to over 1300. My husband is also disabled and I just became disabled myself. Hang in there and fight , Were all praying for you.


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#95 Author of original report

LOTS GOING ON

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

Right now marge david and i are sitting back.We are waiting for ameriquest to make a move they arent really saying anything.I mean they know they are in the wrong so no they are scrambling to figure something out.Its kinda funny so now we wait but their running out of time!And to all these ex employees that are comming on these sites and admitting that ameriquest was involved in preditory lending and say they know alot?Well my question to them is why dont you go to the attorney generals and tell them what you know and stop bragging.Because what it really looks like to me is your just another brain washed employee for ameriquest well i have to get ready for work!You know whats funny their about 3800 ex- employees from ameriquest that wishes they can say that (get ready to go to work) LOL
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#96 Consumer Comment

Ken

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

Now what happens. any idea?
marge
holland, mi
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#97 Consumer Suggestion

To Jackie in Janesville WIsconsin

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

I have had much of the same ordeal with Ameriquest. My sale date is in less than 6 weeks. I retained an attorney out of Oshkosh. I had no luck with any attorneys in Milwaukee.... they wouldn't even give me the courtesy of a call back... There is a firm in Illinois that does have cases in Wisconsin.... Do a search on this firm if you are so inclined. EDELMAN, COMBS, LATTURNER & GOODWIN, LLC. You are closer to Ill than I am so they may be a benefit to you.
Good Luck.
Trace
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#98 Consumer Comment

Ken I'm In

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

i think a protest is a great idea. it will give us a chance to meet each other. We all know what Ameriquest has done to our homes and family life. They have turned us upside down.
i found all 3 of my appraisers.
138000 low-148000.00 high end from one appraiser
175000.00 ameriquest appraiser
and then
one more appraisal at 148000.00

when ameriquest had my appraisal done ,they said, "good news your appraisal came in at 175000.00 . Right where we want it. don't worry about your payment this month because you will be getting a new loan and the only payment you will have is a house payment, and you will now have your lower intrest rate. you can skip this months payment, we close at the end of the month.
Don't worry." well i didn't need 175000.00 but ameriquest needed to up my appraisal so they could refinanse and get another 30000.00 out of me. Well we did not close. (i only wanted a lower rate not more money) but by the end of the month the payment i was told not to make now had me behind. i was 24 minutes late sending in paperwork (i warned them that i might be. i was working 2 jobs and i had to get to kinkos before they closed.)your too late we can't accept your paperwork or your late payment until you can make 2 payments. thats how a BAD APPRAISAL hurts. even if you don't want all of their money which was my case, i did want the lower intrest rate. i was suppose to get a new loan in one year with very minimal fees. i don't call going from 119000.00 to 175000.00 with less than 2000.00 (taxes) paid out, minimal fees. lucky for me i didn't do their 175000.00 loan . but i still got messed up by (them telling me)and me beliving i was going to get a lower rate.

COME TO THE GATHERING. WE ALL DESERVE A LITTLE EVEN STEVEN WITH AMERIQUEST

LETS SHOW THEM THAT THEY CAN"T KEEP US DOWN

FIGHT FOR YOUR PROPERTY

IF YOU ARE IN FORECLOSURE COME ANYWAY
MAYBE THERE IS STILL HOPE WITH THE ATTORNEY THAT KEN AND I HAVE WE ARE BOTH FROM HOLLAND

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#99 Consumer Suggestion

PROTEST

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

I am planning a protest in frony of the grand rapids ameriquest office this site will get alot of attention!We all need to post our ideas on this site as far as time and date of the protest!We also need to meet all toether a few days before to male protest signs and so on!Tell everyone you know or who have been ript off by ameriquest and im sure theirs many!So lets get this going we can do this they hite us in our wallets lets hit them in theirs.Thats the only way we can stop them if they loose money then we will get their attention and maybe just maybe they will make it right!Remember they wrote 82.7 billion not million but billion in refi s alone so they have plenty of money to make it right.O and one more thing i finally found the guy that wrote my loan and chatted with him today on the phone and he remembers me and my loan i told him my story and he could not believe it and told me to give his number to my attorney and he will help me any way he can!!!!!!!!! O and one more thing i got a letter from ameriquest today stating they havent been served with papers ha ha ha ha just another lie we have conformation that the guy that represents ameriquest in lansing was served wow they really should get their ducks in a row but then again when you lie so much its hard to remember what you said LOL well until next time GOD BLESS !!!!!!!!!!!!
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#100 Consumer Suggestion

Hey their rueban

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

I dont know where you get that i got all this money from ameriquest you need to read what i wrote.They gave me to different appraisels one for 100,000 and 2 hours later they gave me another appraisel ( the same guy) for 130,000. what they did was charge me around 12000 in bs fees and now with that and what i owed on my home i am upside down.I never got any money just got screwd!!!!!!!!!!!!!!!!
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#101 Consumer Comment

Me too but what do you owe them

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

Hi Ken, I hear you, I too did three (3) refinances and boy did they lie to me also. They promised me a lower rate and cost.On the the last two loans they assured me they were 30 year fixed loans. I have done many loans and to fool me means that they are good. I read the legal papers before I signed and thought it was a 30 year fixed but they fooled me.

I have since refinanced my first loan with a credit union and it is 30 year fixed I paid the $6,000 prepayment penalty to get out of the ugly loan. My next two have a three year prepayment penalty I'm on my last year and then will refinance them also.

The only thing I ask you is to be honest you did take cash out as I did and you are unwilling to state how much. I am in California and I and part of the class action and will get some back they do lie and deceive and overcharge and consumers beware.

Don't trust what they say.
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#102 Consumer Comment

What Company did Trevino

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

Ken the appraiser that i had has a disconnected phone too.

His name was Mark Smith with Appraisal Professionals. his licence expired 7/31/03

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#103 REBUTTAL Individual responds

Help With Amc Mortgage - AMERIQUEST

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

To anyone out there,

I'm from Wisconsin and am about to loose my home as well from ameriquest, they over inflated my appraisel by so much that there is no way I can ever sell it or come up with the fees they want to be in a forebearance program for me to keep it. I've only had them for 2 years i've owned my home for 17 and now i may not even have no where to go in Oct. when they put it for sale. I've called many people in Wisconsin and no one seems to care or just don't want to take my case. I have a husband who is disabled which that was denied so i have no help there and when I tried to pay my account up to date they said they would get back to me and then when I called them 2 days later they had already sent the papers to the attorneys office. Can anyone from wisconsin help me.
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#104 Author of original report

ATTORNEY GENERAL CALLED ME

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

Well i got a call from my freinds at the attorney generals office today with the name of the guy that did my appraisel(because ameriquest wont give me that info) and they told me it was a douglas trevino from rockford michigan well i called him and his cell number is dissconnected and his home phone is not listed by his request WOW I WONDER WHY ? I have his license number and it expires on july 31,2007 so if anyone has this jerk come to their home let me know i have more info on him.Well got to get to work good luck to all .
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#105 Consumer Suggestion

Sande their is help

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

Hey their is help read the other post from holland mi their are some contact people in their that can help you.I live here in holland mi and marge and i had gotton together and have the same attorney and their is a gentleman by the name of david we are all with the same attorney here in holland hes good and has done alot of leg work. Hell i had a court date last friday @ 3 pm and ameriquest and deusch bank didnt even show up so the jugde ruled in my favor to stop foreclosure on my home but he would of anyways because i and 1000 s of other have rock solid cases here. Ameriquest is wrong and they know this. Hell california already settled against them for millions. But the first thing you need to do is get an attorney ike we have. So read the other post of the lady from holland mi you will get somr good info in their . Good luck and GOD BLESS!
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#106 Consumer Comment

To many bad lenders

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

This has just happened to me as well. I had a purchaser for my home and would have been able to pay off but the the company or their Attorny would not call me back with a pay-off amount and my buyers backed out. They falsely advertized redemption period and I did get offers low balled because people thought the house had been forcloused on. This has cost me the sale, not to mention the outragous cost that has accumulated. What a great way to make an extra $20,000.00.

I come from a town where this company has hired the Real Estate Attorney's and now it will be a conflick in intrest. I have to be out of my house by May 4. Dose any one know of a Attorney from Monroe County that does not have lunch with the good old boy's.
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#107 Consumer Comment

It's not just Ameriquest

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

I ahve just had the same thing happen to me a well. I tried everything. I can not find a Attorny from my area to handle this. The company I dealt with has hired the attorny's to tie them up and that would be a conflick in intrest. This company made me loss the sale of my home by not responding to my calls for pay-off amount. I was evicted and the Judge in Monroe County did not care. Does any one know of a Attorny in Monroe County that is not a lunch buddy in this good old boy town. I need some help.
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#108 Consumer Comment

Dave

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

can you reread all of the post today from the lady in holland? she has a different report going. there is a lot of important information in her words. ken has also posted some very good information. i hope you and ken are able to connect.
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#109 Consumer Comment

Post From Holland Michigan

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

i think if we check the rebuttals we will find a David and a Hall who have also written from holland. if you can find a way to contact ken or
this person we can get a class action suit going.
check the attorneys in the holland area. there must be someone who will be willing to take our case. maybe even kens attny. can help us all . call the attnys and see if they are working on ameriquest stuff. i don't know another way to help the people in michigan to get together other than to go to the holland sentinel and let us know that you are interested in this legal action. your phone number and e-mail address will be printed and if you can't get hold of ken or david we will get hold of you.
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#110 Author of original report

read the other holland michigan post

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

You all should read the other holland michigan post i cant believe what they did and said to that lady and their is some really good information in their.Well good luck to all and dont stop fighting they are wrong you are right.
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#111 Author of original report

THEY WONT LET ME POST

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

Im not sure why they wont let me post my e-mail on this site but i guess those are their rules.I just wish they would so we can share info on here to help each other out .this is a great web site but you cant post the stuff that would all really help us.
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#112 Author of original report

update

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

If anyone needs any information about ameriquest or want to know how my case is going you can e - mail me. good luck to all and god bless.

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.
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#113 Author of original report

UPDATE

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

Well i just got home from court it was @3:oopm and i was in the court room for 5 minutes and the judge granted me a permanent stop to all forclosure proceedings.I even had support fom marge and her husband and they seen first hand that ameriquest can be stopped.And get this lawyers from ameriquest and Deutsches bank didnt even show up and they have both been served.They probably thought i was just going to go away WELL im not.So it can be done people just hire council and it will be over before you know it.good luck.
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#114 Consumer Comment

ameriquest employee????

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

Ken do you think this is larry bridgeman that's writing all the rebuttals?

i have my paperwork ready for deb shoyer. it will be faxed tomorrow. thanks for keeping people upbeat. some of us need a little push. even when we know we are right.

i hope to see the attorney monday or tuesday. whenever he has a minute. i will tell my story also.

next time we talk i will tell you what larry bridgeman said to me when i buried my husband.
heck i'll tell everybody.

he called to tell me that my house payment was late. he said'" what did you do with your insurance money." i told him that i had a funeral and bought a well deserved headstone for my husband. he said, "you should have cremated him, it's cheaper. then you would have had the money for your house payment."

is that cold or what??
later
marge
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#115 Consumer Comment

Go Ken!!!

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

Thanks David. And Ken, you are doing some royal butt kickin' on here and I love it. Get him. This Larry character is something else. I would join in to give him a little more but you are doing great. Keep on kickin'!!!!!!!
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#116 Consumer Comment

Thanks, Kathy and Kathleen!

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

Your prayers and moral support are very much appreciated!

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#117 Consumer Comment

Kay,

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

I called AMC and asked who my title co was. As they were in GR also. I have had to move three times to different rentals, and somehow I lost this incredibly critical file. I have thousnads of files I will never need - but this one I lose...

This title co. had sent "travelling brokers(?)" to our house to sign the papers. AMC told me and I called them. I then requested copies of all of my closing doc paperwork.

When the package arrived, there was no appraisal. But they did include the check stub for $850 for the appraisal. Yes I did question this... but I was in need of the money due to my ongoing legal battle with another bank on another illegal mortgage. the AMC agent knew he had me hamstrung on the deal.

We did win our battle with the other lender and got our credit records "blocked" and negative marks deleted and/or "suppressed" that had been a result from that bank's negligent and very poor banking practices. We negated all of their finacial claims against us and I did request a few thousand in cash on the deal - WAY under what we should have requested on the out of court settlement.

I had a little bit of a hard time convincing my attorneys to press for a lot more cash, as they thought we may be pushing our luck, as they had just agreed to eat a $225K mortgage, wipe my wife's and my credit history clean, pay all attorney costs, along with cutting me a check for a couple thousand dollars.

Sorry, didn't mean to go on about that... past my bedtime...
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#118 Consumer Comment

Sorry, Ken... been gone for a while.

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

I will call Mon. Thanks.

I will be the first to say that I have not done everything right in my loss of my house. I will also be the first to tell you that I truly and genuinely believe that I did everything that I thought was the right thing to do during that process and during those failed negotiations. Did I trust a rather dishonest company, and several people in that company that I thought I could rely on to help me and my family? Yes.

Do I think that because I wasn't thoroughly well versed in real estate and mortgage law, that I am completely to blame for what happened to my family? No. And anyone who does have this mindset is someone I'm going to have a problem with.

There is a clearly defined line, in my book, between right and wrong. I have tried to teach all five of my kids (all grown now) this very important principle.. and I can't teach it if I don't live it.

I don't like whining. I hope I don't come across as doing that. But right is right. I will be methodical and pragmatic as I pursue reimbursement of the debt that AMC owes me. I have no bitterness in my heart towards these guys. I have been told that this evil will invade every facet of your life, if you open the door just a little for that.

It's just that I just discovered that AMC owes me money. I have been disabled and I am trying to get SSDI so my wife and I can retire and enjoy the rest of my life, after the struggles that we have been through. I think it's really great that AMC has stepped up to the plate to help us out financially in that aspect. God does provide, doesn't he.

And while Cheryl and I have been hurt, we have also gained an extraordinary amount of wisdom and insight on a good many things, financial. A banker that I recently spent some time with recently, remarked, after an hour long conversation, that I should write a book. While that's flattering, there's no way. However, if I could use the education from my misfortunes (and my almost fanatic self-education that I dove into after this personal calamity) to help someone else, I would have peace in my heart.

I want to buy my fifth wheel so my wife and I can retire in it and travel the country and see this beautiful God-given land that we live in. I refuse to have any bitterness in my heart, as it will surely take away my (and probably Cheryl's) joy and peace. I just need to take care of business - retrieve our money - and be off on our journey with a joyful and thankful heart.

Dave
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#119 Consumer Suggestion

ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

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

I am hear @ work and im thinking why on earth are you even makeing comments on these ameriquest posts if you arent sticking up for anyone? And i have seen your posting on numerious other posts and i really cant believe you made the comment about that mans mother who past away and when he went through her records he couldnt believe what ameriquest did to her and all he was saying is how she got screwed and you told him to quit crying about it shes dead now and all that ameriquest cares about is that they get their money i mean really man do you not have a heart! O wait you dont i forgot any ways it only a matter of time that other people will start bashing you on my post as like all the other ones that you add you stupid comments 2! see ya dirt bag
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#120 Consumer Suggestion

ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

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

I am hear @ work and im thinking why on earth are you even makeing comments on these ameriquest posts if you arent sticking up for anyone? And i have seen your posting on numerious other posts and i really cant believe you made the comment about that mans mother who past away and when he went through her records he couldnt believe what ameriquest did to her and all he was saying is how she got screwed and you told him to quit crying about it shes dead now and all that ameriquest cares about is that they get their money i mean really man do you not have a heart! O wait you dont i forgot any ways it only a matter of time that other people will start bashing you on my post as like all the other ones that you add you stupid comments 2! see ya dirt bag
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#121 Consumer Suggestion

ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

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

I am hear @ work and im thinking why on earth are you even makeing comments on these ameriquest posts if you arent sticking up for anyone? And i have seen your posting on numerious other posts and i really cant believe you made the comment about that mans mother who past away and when he went through her records he couldnt believe what ameriquest did to her and all he was saying is how she got screwed and you told him to quit crying about it shes dead now and all that ameriquest cares about is that they get their money i mean really man do you not have a heart! O wait you dont i forgot any ways it only a matter of time that other people will start bashing you on my post as like all the other ones that you add you stupid comments 2! see ya dirt bag
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#122 Consumer Suggestion

ONE MORE THING THEIR LARRY ..cant believe you made the comment about that mans mother who past away

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

I am hear @ work and im thinking why on earth are you even makeing comments on these ameriquest posts if you arent sticking up for anyone? And i have seen your posting on numerious other posts and i really cant believe you made the comment about that mans mother who past away and when he went through her records he couldnt believe what ameriquest did to her and all he was saying is how she got screwed and you told him to quit crying about it shes dead now and all that ameriquest cares about is that they get their money i mean really man do you not have a heart! O wait you dont i forgot any ways it only a matter of time that other people will start bashing you on my post as like all the other ones that you add you stupid comments 2! see ya dirt bag
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#123 Author of original report

LARRY DO YOU HAVE A LIFE LOL

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

larry do me a favor and read my story one more time ok i never never said that i owe 130000.00 all i said was the appraisal came in @ 130,000.00.Now to the next answer to your stupid question my attorney and i have a court date thei comming friday not a ruleing just the start of a long battle that i will win.O and one more thing its funning because before i came on here i have gotten 3 e-mails to my personnal e-mail account and they all say they have heard your criock before and yes you do work for ameriquest so please keep your comments comming i love them just more proof of how you people operate.

I mean really larry when you do a google search and enter ameriquest lawsuits their are 180,000 hits.When you come to this fine web site their are stories over and over again.O and one more thing their are 49 states that have class action lawsuits right now against ameriquest right now so lets look @ the big picture here bud can we all be wrong! LOL wow if you believe that ameriquest is in the right that only tells me that the e-mails i have gotten are true and my hunch was right.So with that said ill let you go for now and i cant wait to see your next post i mean really larry are you really really that stupid LMAO.

Have a great night

LLLLLLLLLLARYYYYYYYYYYY!
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#124 Consumer Comment

How about telling the whole truth?

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

Ken,

If the judge had truly stopped the foreclosure you would not be having a hearing on Friday. The judge has obviously not ruled on the merits of your arguments nor has he issued a final judgment.

I do not have any particular love or hate toward Ameriquest. I do, however, appreciate the truth and you are not exactly a credible witness. Your story is that you refinanced your house so you could increase your monthly payments. Yeah, right. Your story just does not hold water. In the last 10 years I have had five mortgages on three different properties and I never once signed off on one without knowing who was getting how much money. How is it that you end up owing $130,000 on an $83,000 house and you don't have a clue as to where the money went?
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#125 Consumer Suggestion

WELL LARRY

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

you sound like a guy that works for ameriquest.

First of all i didnt walk away with a bunch of cash. Ameriquest charged me a huge amout of fees that dont even make any sense and my lawyer is handling it now. Besides when my attorney went to the judge and showed him everything that im telling here on this website; why on earth would the judge stop the foreclosure and why on earth would i have a court date next friday. And wow next friday is also good friday how fitting!

So larry now i see why you are defending ameriquest because you work for them and i would be careful what you say and to who because you know as well as all the other people that work for ameriquest what they are doing is wrong!have a good day.
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#126 Consumer Comment

Please explain this to me

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

Ken,

You said you bought your house a year earlier for $83,000 and you had a loan at 6.5 percent. Then you refinanced to try to get a lower interest rate. OK so far. Monthly payments (principal and interest only) would be about $525.

Even if you put no money down on your original mortgage you should not have owed more than $83,000. The first thing I do not understand is why an appraisal of $100,000 is too low to refinance an $83,000 mortgage. The only issue might be that your equity was less than 20 percent requiring the purchase of mortgage insurance. (That's assuming that you put no money down when you purchased the home.)

The second appraisal of $130,000 would take that issue off the table. You would then have had $47,000 in equity in the home or about 36 percent. This would be quite favorable to you if you were refinancing that $83,000 mortgage.

You said your new payments were $1007 a month and that the new rate was 7.5 percent. Payments on an $83,000 30-year loan at 7.5 APR would be $580 a month. Even if your payments include taxes and insurance, this makes no sense.

But I suspect that you did something other than just refinance. If you borrowed $130,000 at 7.5 APR, your payments would be $908 a month closer to the figure you give for your payments.

You also mentioned that you expected your house payments to INCREASE when you refinanced. Nobody refinances so they can pay more, so I suspect that you decided to get a pocket full of cash out of this deal. You did not just refinance, you squandered the equity in your home -- the only asset you had -- and got yourself in debt up to your butt. That is the only way your story makes any sense.

Why on earth would anyone do something this silly? You now owe far more than the house is worth and apparently have nothing to show for it.
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#127 Consumer Comment

they really are liars

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

hi ken

we all know they lie and as a former customer, and thank god its former, i can sympathize with you.

i took a home loan out with ameriquest in feb 2002. i had some bad credit but i was purchasing the home from my boss and he said he would help me no matter what.

i tried several local banks but none of them would finance me. my boss was good friends with one of the presidents of one of the banks and he referred me to a broker in columbus.

the broker got me a loan with ameriquest. they would only finance me for 85 percent of the loan so my boss held a second mortgage. my payments were 680.00 per month including taxes and mortgage insurance. my boss let me pay him 140.00 per month on the second that he had held.

i paid ameriquest for two years without missing a payment or being late. on time every time. after the two years were up i was called by one of their reps to talk about refinancing. i thought this would be great, i could pay off my boss and pay off some other bills.

cameron polk was the rep i was working with at that time and he said he could get me a 6 percent fixed 30 year loan and finance it at 100 percent of the loan and my payment would actually be cheaper. i said great tell me what you need and we will do this.

i sent mounds and mounds of documents etc and kept in contact everyday. then all of a sudden when we were supposed to close, silence. i started calling cameron and guess what? he was either on the other line or not in his office.

finally i said fine and started looking for another lender. as soon as the other lender got a much better deal for me and contacted ameriquest for the payoff. cameron suddenly decided he would return my phone calls.

what an idiot my payment was almost 1100.00 and my interest rate was 8.5 percent, 6.0 with the new lender, it was a 30 year arm and he could only, again, finance me for 85 percent of the loan. this company is laughable. i told him to shove his loan up his a***!!!!!!

im am with a better lender now, one that tells no lies, they dont have to they have all the business they need, why? because they are reputable. enough said, if any one in ohio wants a referral to my new lender let me know. i would be thrilled to have my lender take another one from those scunbags.


lots of luck
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#128 Consumer Comment

Good Luck Ken

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

To Ken GOOD LUCK, I am waiting my trial date now. I just found out my appraisal was inflated about 25.000, since I'm in a lawsuite they haven't tried foreclosure yet. I have the money they gave me at closing, even though they changed my paper work after my recission, i would of cancelled my loan then, but the settlement wasnt changed until after the recend date, which they never gave me one and it was never signed. And i was told i could not cancel, SO WHY DO THEY HAVE RECISSION LAWS, I would appreciate all the prayers from everyone. And i too have all of you in my prayers.
GOOD LUCK
Kathy
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#129 Consumer Suggestion

Stopped Foreclosure!

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

Now the update of where i am with ameriquest. As everyone knows i have hired an attorney,the best move i have made. He went to the court house on tues and show the judge all my paper work on how i was lied to and the very high appraisel the high monthly payment and the list goes on.Well after he read everything he granted me the stop of my foreclosure and now ameriquest will be served with papers. This is the first step to a case that i will win. This shows that they can be stopped you just have to get an attorney and call the attorney generals office and make a report. I will be posting more on my case next week .

GOOD LUCK TO ALL
GOD BLESS!
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#130 Consumer Comment

Sickening .... my word for Ameritheft

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

I was sickened by your story, David, and the prediciment Ken is in. This is the most corrupt company I have ever had the misfortune dealing with.

I almost lost my home last year and I heard the same as David. Lenders didn't want to foreclose. What a lie that is when it comes to Ameriquest. When a customer experiences some kind of hardship, they thrive on it. And you're so right saying that they will attempt to block any payment you try to make. And their hardship program does not exist. If I didn't qualify last year, no one will.

I am also in the process of obtaining an attorney. I wish you both luck and I so hope you get them good in court! Please let us know what happens.
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#131 Consumer Comment

To Ken in Holland MI......Release of lein

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

Ken-

Have you had any luck with this person you said to call? What are the chances of that happening? (A release of lein.I have been in contact with another attorney at Ameriquest. We were able to recind our loan and now I am questioning the appraisal. We have to pay back the amount they paid off to our previous bank as well as the $11,000 we cashed out. So, that leaves us at about 0 equity. I was told they will have the appraisal review dept look into it and get back to me. I'm hoping thaey will knock off the $11,000. A release of lien would be better, one could only get so lucky!!!
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#132 Consumer Comment

St. Louis appraisers

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

Does anyone know the appraisal service ameriquest uses in st. louis co. I have never received my appraisal, and I can't get any answers on what happen to it. I paid 350 for it, but never got a copy, Any suggestions?
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#133 Consumer Suggestion

contact the attorney generals office

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

Hey dave i would like for us to talk but im not sure i want to post my number or my e mail addy on this site i have contacted people here in holland mi through the news paper and gave them the number of my attorney let me contact him today and ask if its ok. He is going to the grand haven court house today to stop the sale of my home wich is supposed to be sold this thursday. But when i first had a meeting with my attorney and showed him everthing and told him my story he was shocked and took my case right on the spot. So i will post on thursday and tell everone how it went. But i would contact the attorney generals office for sure their number is 1-877-999-6442 and ask for a deb shoner she is a very nice lady and will tell you how to file a complaint and she will fax it off to ameriquest. Do this soon it will help trust me we need to stop these people from doing this to other people! good luck and GOD BLESS!

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.
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#134 Consumer Comment

Beth, can you explain why

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

AMC works so hard to force these properties into foreclosure? I am not quite understanding this policy. I know they did it with thousands of homeowners across the country, but I always thought that the norm was that NO lender ever wanted the house back.

However, in my case, they did everything in their power to block me from making payments when I was short one month, then, after we went into the Mich 6 month redemption period, they set me up by telling me that a short sale was an option open to me. After working hard (understatement) for 5 months (one sided effort, as they wouldn't return calls, and kept asking, "Who are you again?")

Then 14 days before the F/C was final, I was finally able to come up with the financing for this short sale. When I made this call, the "Home Retention Specialist" in Anaheim, CA informed me that he had misunderstood what I had been ernestly explaining to him for 5 months (after he had even briefly explained this procedure to me early on, along with the steps to take to accomplish this - real quick overview, as it seemed I was taking way too much time out of his day by being on the phone with me), and that AMC had just "recently" passed a rule that forbid the original owner from offering a short sale back on their own property.

And then, just to make sure they could lock me out, he proceeded to tell me that if I did come up with a third party buyer, they would retain the right to disallow this person, too - just in case I got lucky enough to find a way around their 11th hour roadblock.

I have a letter from AMC that specifically states that I have that short sale solution open to me.

I lost my house through fraudulent representation, and I will seek reparations equal to my losses. I developed a medical complication during this stressful time that should have healed. I am now permanently disabled, and I can no longer work. Getting this kind of medical stuff to fly in court is difficult (but not impossible). It will be up to my attorney to figure out what we can and can't do in court.

I do know a "token stipend" of $2,000 to $3,000 will be ripped up. It is an insult. I may lose on private litigation, but that $2K-$3K is a triffle loss. Besides, I have other evidence that will be very difficult to AMC to defend against in court, and yes, I know all their strategies that they will employ.
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#135 Consumer Comment

Ken, I would like the name of your attorney.

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

My Grand Rapids AMC agent was Jeff Roberts (late 2002/early 2003) and I need info from him, also. I am also proceeding with private litigation. I haven't contacted the Mich A/G's office, but it will probably be a waste of time. Might be better spent writing to our State Senator/Representative (my plan). I can't find how to get a contact from you, Ken.

Dave
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#136 Consumer Suggestion

UPDATE I have hired an attorney

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

I have hired an attorney here in the holland area when i showed him my paper work from americrap he was in shock.If anyone here in the state of michigan are going through this same crap as me please feel free to contact me on this site my attorney is wanting to talk with all he can we all have a great case here and we need to do something about it.I will pass on any info that you would like and have him contact you if thats what you want to do.Remember we are the victims not ameriquest.I just wonder how they can sleep @night.One more thing if anyone knows the last name of a guy that worked @ameriquest in the july time frame in the grand rapids location i would like to know it his first name was jason.He sounded like a youger guy maybe 21 to 28 years of age.I never got that far with him because the day after americrap did my refi i called the office in grand rapids and they told me that he was fired?Thanks again and everone GOD BLESS!
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#137 Author of original report

AMERIQUEST IS GOING DOWN

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

I have a name of a lady that everyone should get in contact with she is a lawyer for americrap.Her name is donna platt 1-714-541-9960 her ext is 14378 call her and tell her you want a release of lien on your homewich means you dont owe them anything and you have the deed to your home.call her everday 10 times a day get under her skin.You can also call the office of the president and ask to speak to a monica tell her the same thing they know what they are doing is wrong leave them voice mails and call them every day dont let them get away with this they are being look @ by the attorney generals office but we all need to keep calling everyday call everyone lets get these guys they will go down in a matter of time its up to us all!
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#138 Consumer Suggestion

Ameriquest - Their Tactics

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

I've been a loan originator for over 5 years and I know their tactics well. I never worked for them, but I've stolen enough loans from them to know what they're doing out there to get the business from all of you unsuspecting people. Here are some of their tactics:

-they promise you cash-in-hand without disclosing that out of that cash comes the closing fees which changes that number dramatically!

-tell you not to pay your current mortgage because you're refinancing. By the time you realize you're getting a bad loan, you don't have the cash to catch up on your current loan and feel you have to close on the crappy deal at Ameriquest to keep your house. the 5-day rescission period doesn't change the $$ in your checking acct. so you keep the loan.

-they short you on your debt consolidations. that way they can come back in 4 months, dangle that "we can waive your pre-payment penalty" carrot in front of you and get you for another $12k in fees to "consolidate the debt you couldn't fit in on the last refi"

-if you dare to try and refi with another lender, once they order your payoff from Ameriquest not only will they make your current broker or lender wait 10 business days for it, but they will TORURE you and blow up your phone for those 10 days to try and hook you in again. and they'll leave all kinds of messages to scare you into calling like "we're doing an audit on your loan, you need to call us right away" <----they said that to a senior citizen that I was refinancing. thankfully she told me about it and I told her to completely disregard their calls. i got her away from them and she is in a good loan today.

-they make up employment for borrowers who aren't working, they cut and paste a bad credit score onto a good one and tell you that your credit is bad, they white out liens on titles and make you think they're getting paid off but absord that money in points, etc.

-they don't always send appraisers. sometimes they send realtors to value homes. if an independant appraiser provides a fraudulent appraisal, and u/w at a NORMAL lender will not longer accept any appraisals from that individual, and they can lose their license with the state. at Ameriquest, it doesn't matter. the appraisers with WITH them to give them the value they want. who's gonna rat them out?

Ameriquest has a real nifty little network of appraisers, title companies, etc. If only greed did not cause such an abuse of resources they would have a monopoly - and they almost did. But thanks to sites like this, someone like myself who has experience, integrity, and a conscience can only hope they are put out of business for good.

What can YOU do? Keep spreading the word and JUST STAY AWAY FROM THEM! It's hard out there for lending... about 90% of the loan originators in this industry are NOT EXPERIENCED and are crooks who aren't able to pay their own mortgages. So they will tell you anything you want to hear to get you to commit to a loan with them. It's not just Ameriquest, but they ARE the industry leader in fraud.

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.

sorry, allowing you to give a competitors name would instigate others to just file against their competition, to only come back later to suggest their company your comments on this policy are welcome! 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.
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#139 Consumer Comment

good luck with ameriquest

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

hi ken ,
this is marge and i wish you luck with your attorney.
i have contacted the attorney general about ameriquest. (at least three e-mails and a couple of phone calls)
you won't belive it. the governors office sends me back a form to fill out because they have no idea what i am talking about.
my first word was " i'm contacting you about the problems with ameriquest" how do i get my name on the list for people who had a loan between 12/31/00 and 01/05. they have no idea what i am talking about.
we have all been told that ameriquest lost a 345,000,000.00 law suit and our attorney generals office will be handling the cases. and they have no idea what i am talking about.
now i'm thinking i would like to know who has been contacted by the attorney generals office.
have you been contacted?
if you have been contacted by the attorney generals office can you let the rest of us know how we get on that list.
i wonder if ameriquest used the same appraisers for you as they did for me.

mark smith
appraisal profsssionals
950 28th st bld e #204
grand rapids mi49508
6162435200

this was the one who appraised me very high. almost 30,000.00 more than the appraisal that i had done 2 months previous.
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#140 Author of original report

AMERIQUEST lied ,scam, ruined my credit

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

FORGOT TO ADD ONE MORE THING I HAD GREAT CREDIT BEFORE I GOT INVOLVED WITH AMERIQUEST NOW IT IS RUINED AND NO OTHER COMPANY WILL REFINANCE ME.THE NIGHTMARE GOES ON!
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