• Report: #82238

Complaint Review: Ameriquest Mortgage Company Turnkey Title Corporation Right On Time Appraisals Five Brothers Insu

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  • Submitted: Sat, February 28, 2004
  • Updated: Thu, March 12, 2009

  • Reported By:Clearwater Florida
Ameriquest Mortgage Company Turnkey Title Corporation Right On Time Appraisals Five Brothers Insu
4300 W. Cypress Street, Suite 750, Tampa, Florida 33607 Tampa, Florida U.S.A.

Ameriquest Mortgage Company - Turnkey Title Corporation - Right On Time Appraisals - Five Brothers Insurance Rip-offs! Fraudulent, predatory lending practices, falsified incomes, hidden fees and more. Tampa Florida

*Consumer Comment: Big QUESTION> Why did Nick want to take Charley Crisp off as the Defendant?

*Consumer Comment: duestche bank citi residential and ameriquest are destroying our life

*Consumer Comment: We have the same problems as you Mr. Robert E. Huges Sr.

*Consumer Comment: Robert Hughes please contact me

*Consumer Comment: Most mortgage companies don't have ''STANDING'' and LACK the right to foreclose. No Note No Standing.

*Consumer Comment: Ameriquest mtg.

*Consumer Comment: FYI Florida attorney, NICKOLAS EKONOMIDES PA Regarding 19 other victims of him and Ameriquest mortgage in March 2006.

*Consumer Comment: WOW!

*Consumer Comment: Needing advise dealing with Ameriquest foreclosure

*UPDATE Employee: AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

*UPDATE Employee: AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

*UPDATE Employee: AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

*UPDATE Employee: AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

*Consumer Comment: Blatant Fraud, Stone Walls, Bureaucratic Red Tape & Where are the Insurance Policies? preditory lending practices and fraud committed by Ameriquest

*Consumer Suggestion: Fraud plagues mortgage industry, FBI says

*Consumer Comment: victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

*Consumer Comment: victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

*Consumer Comment: victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

*UPDATE EX-employee responds: fraud is rampant at ameriquest managers responsible

*Consumer Comment: afraid of loosing my home and the treatment i am getting from Ameriquest is terribe, I paid for my insurance in my closing and called to file a claim because of the hurricane, and my insurance company did not have a clue who i am

*Consumer Comment: Familia in almost everyway...I'm becoming a frequently outraged victim of Ameriquest

*UPDATE Employee: AMERIQUEST HAS SHARP TEETH

*Consumer Comment: Ameriquest Got Me Too

*UPDATE EX-employee responds: How are they allowed to survive?

*UPDATE EX-employee responds: Fraudulent Support

*REBUTTAL Individual responds: About to make the same mistake

*Consumer Suggestion: R, E. HUGHES, SR -- CLASS ACTION SUIT VS AMERIQUEST

*Consumer Comment: Ameriquest I was told is also Olympus/bedford/Town and Country

*Consumer Comment: Ameriquest I was told is also Olympus/bedford/Town and Country

*Consumer Comment: Frustrating to get state agencies to take any real action!

*REBUTTAL Individual responds: NEED MORE INFORMATION, NEED HELP!!!!!!

*UPDATE EX-employee responds: I used to work at Ameriquest

*Consumer Comment: we unwittingly signed everything

*Consumer Comment: Requesting Information Please.

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Ameriquest Mortgage Company has broken many laws in seven loans I am aware of thus far, and am investigating further. One of which was a mortgage loan application my fiance applied for. Five of these loans were to purchase, but the documentation given the mortgagor reads "refinance". In doing so, the buyer is forced to pay ALL the closing costs, the seller pays nothing and the seller was present at each closing!!

Further, there was no pre-disclosure of any fees other than a verbal comment that there would be an appraisal fee and no loan application fee. After reading the settlement statement (after the closing as the closing was about 25 minutes long) there were a multitude of fees including bogus fees such as a document fee, courier fee, various application fees, a large "discount" fee, etc. We were forced to pay for fire insurance at a higher cost than previously quoted and we HAD to use Five Brothers Insurance, their "approved" agency. The Turnkey Title Company had many separate charges on the settlement sheet.

At the closing each mortgagor was asked to complete a small statement "verifying" an imagined income the loan officer created to enable approval of the loan. Illegal, as it is falsifying the income. Each had a false, "puffed" appraised value -- one appraisal was made two weeks after the closing (figure that out). Also, each closing resulted in a higher than quoted interest rate.

I have filed a suit, along with my fiance, in Tampa against Ameriquest Mortgage Company, Turnkey Title Corporation and Right On Time Appraisals. I personally feel Five Brothers Insurance is in on it too. I am sure someone is getting a "kickback" if every mortgage is required to get insurance from Five Brothers and if every closing has a higher than quoted insurance amount.

The suit is Circuit Case No 04 00571, Division K filed in the Circuit Court of the 13th Judicial Circuit in Hillsborough County with the following 15 counts:

Breach of Contract - Lender Liability, Directed a Fraudulent Appraisal - "Puffing", Conspiracy to Steal - Grand Theft from the State of Florida, Department of Revenue Theft from a Mortgagor,Insurance Coercion, Fraudulent Inducement, Red Lining, Mortgage Fraud, Abusive and Predatory Lending Practices, Clouding the Title, False Documentation - Sales Transfer Tax Fraud (theft of sales tax funds as the documentary transfer tax on the deed was intentionally under-paid by stating a much lower sales price than what the property sold for), Mortgage Fraud in the Secondary Market, Theft of Sales Proceeds, Failure To Pre-Disclose, Fraudulent Loan Documentation, Refusal To Use A HUD 1 Settlement and Knowingly Falsifying A Sale As A Refinance.

Of one of the loans I mentioned previously - the mortgagor also filed a suit a few days ago, Circuit Case No. 04 01901, Division E in Tampa, Florida.

Do any of you know of other similar cases? If you want more information or you have information to offer, please contact Robert E. Hughes, Sr. by clicking on the rebuttal button. I am considering a class action.

In essense, no pre-disclosures, jacked up interest, a multitude of unverified and ridiculous fees, they wouldn't provide a copy of the appraisal, falsified income and inflated appraisals, sales tax liabilities to the mortgagor and more. How many people don't thoroughly read through or question the paperwork they are given after the closing? How many people have paid thousands of dollars they shouldn't have had to pay? Four of these closings were reported to Florida's Department Of Revenue on forms that department provided as the mortgage company and title company defrauded the state on taxes paid.

Where are the government agencies that are suppose to be watching out for this type of predatory lending and illegal activities? Please help put Ameriquest Mortgage Company out of business! We expect criminal complaints to be issued against those companies.

Robert
Clearwater, Florida
U.S.A.

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This report was posted on Ripoff Report on 02/28/2004 03:03 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ameriquest-Mortgage-Company-Turnkey-Title-Corporation-Right-On-Time-Appraisals-Five-Brothers-Insu/Tampa-Florida-33607/Ameriquest-Mortgage-Company-Turnkey-Title-Corporation-Right-On-Time-Appraisals-Five-82238. The posting time indicated is Arizona local time. Arizona does not observe daylight savings so the post time may be Mountain or Pacific depending on the time of year.

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REBUTTALS & REPLIES:
0Author 32Consumer 2Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Big QUESTION> Why did Nick want to take Charley Crisp off as the Defendant?

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

Why did Nick want to take Charley Crisp off as the Defendant? DID he?

We seem to be ALL FIGHTING THE SAME THING. and the Same attorneys.> NCE and the B&N firm. Hmmm...Fake settlement meetings and all.
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#2 Consumer Comment

duestche bank citi residential and ameriquest are destroying our life

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

My husband and i refinanced in 2004 with ameriquest for 69,000 our payments were 537.60. 2 years later our payments increased to 1600.00. we have three girls to raise and certainly didnt want to lose our house so while trying to get answers from ameriquest we continued to pay this money because we kept getting told we would be foreclosed upon. we were never notified when citi residential took our loan over.my husband demanded a copy of our loan docs and proof this company was in fact our loan company and could raise our payments based on the adjustable rate rider ( we never signed an adjustable rider at midnight the day before xmas eve during our 20 min closing with a lady from ameriquest) they blew up our appraisal and charged 6000 to refinance instead of the 3000 it was supposed to be. they refused any and all payments after that and have started foreclosure proceedings.we had no idea duestche bank even existed until this point. To make matters worse the docs they provided have my husbands grandmothers signature (we didnt have a co signor on this loan only the loan we refinanced out of) and all of her info was clearly added after the fact including the first,second,third and fourth recording at our local county building.4 recordings? how is that possible? the last recording added her as a borrower 4 months after we got our loan.Her initials are upside down and over top of ours in PUBLIC RECORD documentation. citi residential sent copies of thier falsified documentation but could not tell us where our titles are and there is no public record of citi being our lienholder.the current lienholder is our original mortgage company(dissolved in 2003-2004)still to this day.they have started foreclosure proceeding in july of 2008. we still cannot get any answers and when they offered us a modification they wanted 5000.00 on the spot and 1900.00 per month!the rep told me to sell what i could or get a bettter job!my husband has been here for 30 years. we purchased this MOBILE HOME after we got married and started our family in 1999.we dont have much and what we do have is meager because we spent ALL of ours savings and cds we had saved to pay thier obsene mortgage payments . Now we cant get any answers from citi or duestche and dont know what will happen next and cannot afford anymore attorney fees and the foreclosure they started has sat idle for nearly a year. we have mutple copies of original unsigned mortgage docs as well as the original unsigned loan papers the lady gave us at closing 12am the day before xmas eve at our kitchen table.we dont know what to do or where to go for help.but if a class action suit is possible we would be very interested . We would like to contact Mr. Robert Hughes sr. of St.pete florida who has a similiar issue with this company. We have been preyed upon and decieved . we have paid triple the amount of our monthly payment just for this company to try and force foreclosure and then put our lives on hold.we have contacted these people only to be told something different each time. now the mortgage has changed hands once again and we do not know what to do. if anyone can help please contact us immediatly through the rebuttal section.buyers beware dont trust ameriquest, citi residential lending,duetsche bank, they are coersive and predatory and will try to steal your home.
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#3 Consumer Comment

We have the same problems as you Mr. Robert E. Huges Sr.

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

Mr. Robert E. Huges Sr. We refinaced our home in California with Ameriquest also and all the things that are mentioned in you rip off also happened to us. Now Ameriquest has sold our loan to Citi Residential Lending (a debt collection Company)and they are just having a feild day with our loan and the interest rate that is being charged. (something differant than your loan is that our interest rate is based on the interest rate in England refered to as LIBOR) I would appreciate any HELP that you can give me or if any other persons that read this can Help I would be verr greatful, If you are planning a class action suit, I would be willing to be in it with the others. In CHRIST: (((Redacted)))

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#4 Consumer Comment

Robert Hughes please contact me

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

I have a client in Tampa, in a similar situation with Ameriquest Mortgage who is now owned by Citi.
Citi is seeking foreclosure and is basing their action on some fraudulently executed documents.
Please contact me at : (((ROR REDACTED)))
Thanks.

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#5 Consumer Comment

Most mortgage companies don't have ''STANDING'' and LACK the right to foreclose. No Note No Standing.

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

What a hard time you must be having, I'm sorry to hear all that. Ameriquest will do what they can to steal your home.

Most mortgage companies don't have ''STANDING'' and LACK the right to foreclose, Because they DON"T HOLD THE MORTGAGE NOTE. Only the Note holder can foreclose on you,,,If you let them,,,Or IF they can get away with it.

The courts and Judges are catching on, so maybe some people will have luck and or the law on their side.

Best of Luck
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#6 Consumer Comment

Ameriquest mtg.

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

Robert, Clearwater,
I have the exact same experiances as you and the same complaints, on top of all that the closing took place in a mental hospital
where my wife was confined to for trying to commit susicide, she was also under mind altering drugs to help her, but that did not matter to the closing agent who was representing ameriquest who then sold the mtg. i believe to another very hard to deal with mtg. co. Franklin Credit Corp. I have just about given up, to tired to fight anymore, wish you luck, hope this adds to your complaints.
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#7 Consumer Comment

FYI Florida attorney, NICKOLAS EKONOMIDES PA Regarding 19 other victims of him and Ameriquest mortgage in March 2006.

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

So far I have found many other victims of this Great Hide the Insurance Game ameriquest has been playing with us. Along the with the Bait & Switch CRAP! And all the other crap they have done since 2004.

We were hit by ameriquest bait & switch in late 2004, Then hurricanes. Ameriquest didn't pay the insurance and other things that were promised during closing causing us to be uninsured during the hurricanes. Ameriquest and their attorneys would not ANSWER QUESTIONS about the INSURANCE. I still have no home because of them.

In April 2005 ameriquest offered to replace my home but never did. So I hired an attorney named Nickolas Ekonomides PA, THEN the NIGHTMARE gets worse!

Here is a list.

1. This attorney would not file anything against ameriquest in my case.

2. Would not ask for evidence regarding the insurance.

3. Would not put an injunction against ameriquest.

4. Would not contact HSBC regarding the sale of our NOTE to HSBC or ask them about the insurance OR ANYTHING. Ameriquest put insurance on my damaged home 2 times WHILE HSBC WAS SERVICING MY LOAN. and once after.

5. NICK sent out unauthorized settlement offers to ameriquest without telling or asking me first.

6. He caused long delays by giving ameriquest attorneys more than a month to reply.

7. He wanted me to cash insurance checks that AQ got possibly got using fraud, He knows this.

8. Nickolas Ekonomides and the AQ attorneys wanted me to come to a settlement meeting that would be a 300 mile drive, They said they ''would not'' settle with the 19 OTHERS out of the 20 they were supposed to settle with If I would not come to the meeting. So they did what they said and CANCELED the Settlements with the other 19 people. THAT WAS THE LAST F-IN STRAW! So I fired him. I have PROOF!

9. After firing Nickolas Ekonomides PA I asked for my file back, He said in a few letters that he had sent the file already, That was a lie! He hid my files saying he sent them for 5 months while I was still fight ameriquest attorneys. I didn't get my file back till I sent him a letter saying I was contacting the Florida BAR.

10. Nickolas Ekonomides posted private information, like full names, address, case information, and other private information about his clients on web sites and web forums.

11. Nickolas Ekonomides PA, IMPERSONATED AND POSED AS ME on a WEBSITE called iKarma.com, He used my full name and address, But used his email address as a contact.

>>>> If you live in FLORIDA and are one of the 19 other people that were part of the canceled settlements in >>March 2006 << Please contact me, I'm also looking for an attorney to take our case against him. <<<

I am filing a Florida BAR complaint against Nickolas Ekonomides PA and Lee Carr his partner at the time. Florida BAR reference number: 08-216-28 Ask for Erin M.

Thanks
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#8 Consumer Comment

WOW!

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

Sorry to hear all thats going on. Dang! TheyThey are cruel that's for sure, I hate ameriquest and their SA attorneys from CA. Do you know their names.

Beware of any attorneys in Clearwater Tampa and St Pete Fl. I hear their are some really bad ones. There are a few named Ekonomides that are not to be trusted.

Did you have bait and switch problems with ameriquest?

Best of Luck to you.
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#9 Consumer Comment

Needing advise dealing with Ameriquest foreclosure

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

I have been attempting to find a solution or an attorney that will help me solve my delimma with Ameriquest. I went to the courthouse last week for a pre-foreclosure hearing. The Judge was going to give me 60 days to sell or resolve this.

At the end of the meeting with the Judge and Ameriquest's attorney, my personal assistant asked if she could bring a few of the facts to the attention of the court that were in need of consideration.(of course there are plenty more) (I had and have severe laryngitis)

She told His Honor that my wife was the one who started communications with Ameriquest. Months later she was in the hospital on life support. That was the time Ameriquest started calling me. I told them what was happening and that I was bringing her family together so they could say goodbye to her before they took her off life support.

Ameriquest continued harasssing me at least 15 phone calls per day in order to close on the refinancing of our home. They were aware that she was going to die as soon as the life support was stopped. My wife was the "bread winner" on paper of my business and they needed her signature. I told them she was brain dead already and to leave me in peace while I stayed at her bedside. They disregarded that request. The agent from Ameriquest was relentless in trying to get the loan closed.

My assistant gave His Honor a copy of my wife's death certificate and a CERTIFIED letter from my sister- in-law stating that the agent told her to sign for my wife regardless of what we were going through. The Note was signed (forged) by my sister-in-law 2 days after her death. The judge said that this was a first for him and "one for the books" and we would have to meet again for him to come to a decision about the foreclosure.

I do not know who to talk to in reference to this and would appreciate any recommendations offered. Please contact me by clicking on the rebuttal option.

Don
Clearwater, FL
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#10 UPDATE Employee

AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

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

I have worked for ameriquest for 5 yrs in california...as a sales rep..#1 in the company..then promoted to mgr....and became #1 in the company........all honestly and with integrity. I reported to my H/R rep the rampant fraud i have knowledge of here in california...which involves top management...here in california ...who all came from florida....FRANK CORTINAS...who is best friends with MARIANO DEMARIN...the regional manager in Florida....and Frank was trained by Mariano...how to book any loan!!!!!!! when Frank took the promotion from brch mgr to area mgr...he brought 4 of his sales reps..with him to be brch mgrs in calif....cuz.."they know how to book every loan"....I asked for a transfer, to a different office to manage...because of the fraud i had seen and been asked to participate in, which i refused....now you see....these top area mgrs making over 2 million a year...have plenty of $$ to pay off associates, in human resources..Alicia Steele...and in Funding and underwriting....Christina Sosa..H/R DOES ALL THE BRANCH AUDITS...AND THESE FRAUDULANT LOANS FUND .WITH A BLIND EYE...BECAUSE THESE DEPT MGRS ARE BEING PAID OFF. now since i have transferred to a new office.......i was harrassed by HR every day....like they were investigating me, and not my boss or his boss,who i had made allegations about...
my mother 57 yrs..died from cancer 2 mos ago...and i came back to my branch 2 days after we burried her...because my staff needed me...cuz my area mgr was in the bahamas?? and they needed my help....this is LOYALTY....BUILDING A TEAM..TRAINING..BELIEF..AND HARD WORK...I gave my heart and soul to AMC because I believed in it..until i discovered and reported the fraud to HR obvious....so MY POINT... after being top producer for 5 yrs....never had a complaint to HR made about me....worked 14 hour days..every day..never any sort of reprimandation...and offered another promotion..was given a porsche, trips to the super bowl..trips to Hawaii..Tahiti, the bahamas...for my production.

I WAS DEMOTED TO A SALES REP.???? for tossing a ball around my office with my sales staff,,,to lighten the stress, and because of refferals...i had received from my husband, which were ok'd to call by my area mgr Frank....and my new mgr. these refferals....went to the honolulu office, many of my sales reps were promoted from these referrals....and frank himself even asked my husband for some.....my husband figured if he could not book the loan then refer the customer to his wife...to help her sales reps..or to hawaii..or to MN..my husband never recvd any $$$ from these referrals...it was just a case of "ones mans trash, another mans treasure." SO IN AN EFFORT TO RETAIATE AGAINST ME AGAIN I WAS DEMOTTED..?? JUST 3 MOS PRIOR I WAS BEING OFFERED A PROMOTION? HOW DOES THIS MAKE SENSE....?? SO I HAVE AN ATTORNEY...AND SO DO SEVERAL AMC SALES REPS....AND I HAVE HARD EVIDENCE..ie: loan info where title fraud was committed.income docs made up...mtg histories made up..and emails of sexual harrasment from superiors..even the infamous MARIANO DEMARIN, and other mangaers,,because i was one of the only woman mgrs and my #s were better than theres....
POINT IS....MYSELF, AND MY ATTRNYS HAVE RESEARCHED MEMBERS OF THE BOARD OF DIRECTORS, OUR INVESTORS, AND WHO SPECIFICALLY AMC DEALS WITH AT THESE COMPANYS....WE ARE FIRST SENDING OF LETTERS (CERTIFIED RCPT) TO WAYNE LEE..PRESIDENT...ROLAND ARNAULT...OWNER....AND THE MEMBERS OF THE BOARD AND INVESTORS....THESE PEOPLE HAVE THE fiduciary responsiblilty to investigate this....and if they do not.....they will go to jail too..... FRAUD IS RAMPANT AT AMERIQUEST....and they are getting scared....
oh, also attys and i have been working with the FBI in LA and Orange county and the local DAs....this will go to trial..and WILL BE RESOLVED!!! IT HAS TO BE...they are ripping off customers....their investors.....and they are trying to go public....so they will be ripping off people with a worthless stock....and cause many to lose their life savings they invested in amc stock.....ENRON?? OR AMERIQUEST?? THOSE OF YOU WHO STILL WORK AT AMC...don't be afraid...but learn from my mistake...don't go to HR...take it to the top....mary jo...wayne lee or lori grigg....that way you will be protected..and not retaliated against by low level HR reps...or middle management.....if any one has any info to share, or would like help with you may contact me, at.. davey_pie@YAHOO.COM
the stress of all this has caused me to have a breakdown..AMERIQUEST NEEDS TO GET RID OF THE BAD APPLES.
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#11 UPDATE Employee

AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

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

I have worked for ameriquest for 5 yrs in california...as a sales rep..#1 in the company..then promoted to mgr....and became #1 in the company........all honestly and with integrity. I reported to my H/R rep the rampant fraud i have knowledge of here in california...which involves top management...here in california ...who all came from florida....FRANK CORTINAS...who is best friends with MARIANO DEMARIN...the regional manager in Florida....and Frank was trained by Mariano...how to book any loan!!!!!!! when Frank took the promotion from brch mgr to area mgr...he brought 4 of his sales reps..with him to be brch mgrs in calif....cuz.."they know how to book every loan"....I asked for a transfer, to a different office to manage...because of the fraud i had seen and been asked to participate in, which i refused....now you see....these top area mgrs making over 2 million a year...have plenty of $$ to pay off associates, in human resources..Alicia Steele...and in Funding and underwriting....Christina Sosa..H/R DOES ALL THE BRANCH AUDITS...AND THESE FRAUDULANT LOANS FUND .WITH A BLIND EYE...BECAUSE THESE DEPT MGRS ARE BEING PAID OFF. now since i have transferred to a new office.......i was harrassed by HR every day....like they were investigating me, and not my boss or his boss,who i had made allegations about...
my mother 57 yrs..died from cancer 2 mos ago...and i came back to my branch 2 days after we burried her...because my staff needed me...cuz my area mgr was in the bahamas?? and they needed my help....this is LOYALTY....BUILDING A TEAM..TRAINING..BELIEF..AND HARD WORK...I gave my heart and soul to AMC because I believed in it..until i discovered and reported the fraud to HR obvious....so MY POINT... after being top producer for 5 yrs....never had a complaint to HR made about me....worked 14 hour days..every day..never any sort of reprimandation...and offered another promotion..was given a porsche, trips to the super bowl..trips to Hawaii..Tahiti, the bahamas...for my production.

I WAS DEMOTED TO A SALES REP.???? for tossing a ball around my office with my sales staff,,,to lighten the stress, and because of refferals...i had received from my husband, which were ok'd to call by my area mgr Frank....and my new mgr. these refferals....went to the honolulu office, many of my sales reps were promoted from these referrals....and frank himself even asked my husband for some.....my husband figured if he could not book the loan then refer the customer to his wife...to help her sales reps..or to hawaii..or to MN..my husband never recvd any $$$ from these referrals...it was just a case of "ones mans trash, another mans treasure." SO IN AN EFFORT TO RETAIATE AGAINST ME AGAIN I WAS DEMOTTED..?? JUST 3 MOS PRIOR I WAS BEING OFFERED A PROMOTION? HOW DOES THIS MAKE SENSE....?? SO I HAVE AN ATTORNEY...AND SO DO SEVERAL AMC SALES REPS....AND I HAVE HARD EVIDENCE..ie: loan info where title fraud was committed.income docs made up...mtg histories made up..and emails of sexual harrasment from superiors..even the infamous MARIANO DEMARIN, and other mangaers,,because i was one of the only woman mgrs and my #s were better than theres....
POINT IS....MYSELF, AND MY ATTRNYS HAVE RESEARCHED MEMBERS OF THE BOARD OF DIRECTORS, OUR INVESTORS, AND WHO SPECIFICALLY AMC DEALS WITH AT THESE COMPANYS....WE ARE FIRST SENDING OF LETTERS (CERTIFIED RCPT) TO WAYNE LEE..PRESIDENT...ROLAND ARNAULT...OWNER....AND THE MEMBERS OF THE BOARD AND INVESTORS....THESE PEOPLE HAVE THE fiduciary responsiblilty to investigate this....and if they do not.....they will go to jail too..... FRAUD IS RAMPANT AT AMERIQUEST....and they are getting scared....
oh, also attys and i have been working with the FBI in LA and Orange county and the local DAs....this will go to trial..and WILL BE RESOLVED!!! IT HAS TO BE...they are ripping off customers....their investors.....and they are trying to go public....so they will be ripping off people with a worthless stock....and cause many to lose their life savings they invested in amc stock.....ENRON?? OR AMERIQUEST?? THOSE OF YOU WHO STILL WORK AT AMC...don't be afraid...but learn from my mistake...don't go to HR...take it to the top....mary jo...wayne lee or lori grigg....that way you will be protected..and not retaliated against by low level HR reps...or middle management.....if any one has any info to share, or would like help with you may contact me, at.. davey_pie@YAHOO.COM
the stress of all this has caused me to have a breakdown..AMERIQUEST NEEDS TO GET RID OF THE BAD APPLES.
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#12 UPDATE Employee

AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

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

I have worked for ameriquest for 5 yrs in california...as a sales rep..#1 in the company..then promoted to mgr....and became #1 in the company........all honestly and with integrity. I reported to my H/R rep the rampant fraud i have knowledge of here in california...which involves top management...here in california ...who all came from florida....FRANK CORTINAS...who is best friends with MARIANO DEMARIN...the regional manager in Florida....and Frank was trained by Mariano...how to book any loan!!!!!!! when Frank took the promotion from brch mgr to area mgr...he brought 4 of his sales reps..with him to be brch mgrs in calif....cuz.."they know how to book every loan"....I asked for a transfer, to a different office to manage...because of the fraud i had seen and been asked to participate in, which i refused....now you see....these top area mgrs making over 2 million a year...have plenty of $$ to pay off associates, in human resources..Alicia Steele...and in Funding and underwriting....Christina Sosa..H/R DOES ALL THE BRANCH AUDITS...AND THESE FRAUDULANT LOANS FUND .WITH A BLIND EYE...BECAUSE THESE DEPT MGRS ARE BEING PAID OFF. now since i have transferred to a new office.......i was harrassed by HR every day....like they were investigating me, and not my boss or his boss,who i had made allegations about...
my mother 57 yrs..died from cancer 2 mos ago...and i came back to my branch 2 days after we burried her...because my staff needed me...cuz my area mgr was in the bahamas?? and they needed my help....this is LOYALTY....BUILDING A TEAM..TRAINING..BELIEF..AND HARD WORK...I gave my heart and soul to AMC because I believed in it..until i discovered and reported the fraud to HR obvious....so MY POINT... after being top producer for 5 yrs....never had a complaint to HR made about me....worked 14 hour days..every day..never any sort of reprimandation...and offered another promotion..was given a porsche, trips to the super bowl..trips to Hawaii..Tahiti, the bahamas...for my production.

I WAS DEMOTED TO A SALES REP.???? for tossing a ball around my office with my sales staff,,,to lighten the stress, and because of refferals...i had received from my husband, which were ok'd to call by my area mgr Frank....and my new mgr. these refferals....went to the honolulu office, many of my sales reps were promoted from these referrals....and frank himself even asked my husband for some.....my husband figured if he could not book the loan then refer the customer to his wife...to help her sales reps..or to hawaii..or to MN..my husband never recvd any $$$ from these referrals...it was just a case of "ones mans trash, another mans treasure." SO IN AN EFFORT TO RETAIATE AGAINST ME AGAIN I WAS DEMOTTED..?? JUST 3 MOS PRIOR I WAS BEING OFFERED A PROMOTION? HOW DOES THIS MAKE SENSE....?? SO I HAVE AN ATTORNEY...AND SO DO SEVERAL AMC SALES REPS....AND I HAVE HARD EVIDENCE..ie: loan info where title fraud was committed.income docs made up...mtg histories made up..and emails of sexual harrasment from superiors..even the infamous MARIANO DEMARIN, and other mangaers,,because i was one of the only woman mgrs and my #s were better than theres....
POINT IS....MYSELF, AND MY ATTRNYS HAVE RESEARCHED MEMBERS OF THE BOARD OF DIRECTORS, OUR INVESTORS, AND WHO SPECIFICALLY AMC DEALS WITH AT THESE COMPANYS....WE ARE FIRST SENDING OF LETTERS (CERTIFIED RCPT) TO WAYNE LEE..PRESIDENT...ROLAND ARNAULT...OWNER....AND THE MEMBERS OF THE BOARD AND INVESTORS....THESE PEOPLE HAVE THE fiduciary responsiblilty to investigate this....and if they do not.....they will go to jail too..... FRAUD IS RAMPANT AT AMERIQUEST....and they are getting scared....
oh, also attys and i have been working with the FBI in LA and Orange county and the local DAs....this will go to trial..and WILL BE RESOLVED!!! IT HAS TO BE...they are ripping off customers....their investors.....and they are trying to go public....so they will be ripping off people with a worthless stock....and cause many to lose their life savings they invested in amc stock.....ENRON?? OR AMERIQUEST?? THOSE OF YOU WHO STILL WORK AT AMC...don't be afraid...but learn from my mistake...don't go to HR...take it to the top....mary jo...wayne lee or lori grigg....that way you will be protected..and not retaliated against by low level HR reps...or middle management.....if any one has any info to share, or would like help with you may contact me, at.. davey_pie@YAHOO.COM
the stress of all this has caused me to have a breakdown..AMERIQUEST NEEDS TO GET RID OF THE BAD APPLES.
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#13 UPDATE Employee

AMERIQUEST IS A GOOD COMPANY WITH TOO MANY BAD PEOPLE

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

I have worked for ameriquest for 5 yrs in california...as a sales rep..#1 in the company..then promoted to mgr....and became #1 in the company........all honestly and with integrity. I reported to my H/R rep the rampant fraud i have knowledge of here in california...which involves top management...here in california ...who all came from florida....FRANK CORTINAS...who is best friends with MARIANO DEMARIN...the regional manager in Florida....and Frank was trained by Mariano...how to book any loan!!!!!!! when Frank took the promotion from brch mgr to area mgr...he brought 4 of his sales reps..with him to be brch mgrs in calif....cuz.."they know how to book every loan"....I asked for a transfer, to a different office to manage...because of the fraud i had seen and been asked to participate in, which i refused....now you see....these top area mgrs making over 2 million a year...have plenty of $$ to pay off associates, in human resources..Alicia Steele...and in Funding and underwriting....Christina Sosa..H/R DOES ALL THE BRANCH AUDITS...AND THESE FRAUDULANT LOANS FUND .WITH A BLIND EYE...BECAUSE THESE DEPT MGRS ARE BEING PAID OFF. now since i have transferred to a new office.......i was harrassed by HR every day....like they were investigating me, and not my boss or his boss,who i had made allegations about...
my mother 57 yrs..died from cancer 2 mos ago...and i came back to my branch 2 days after we burried her...because my staff needed me...cuz my area mgr was in the bahamas?? and they needed my help....this is LOYALTY....BUILDING A TEAM..TRAINING..BELIEF..AND HARD WORK...I gave my heart and soul to AMC because I believed in it..until i discovered and reported the fraud to HR obvious....so MY POINT... after being top producer for 5 yrs....never had a complaint to HR made about me....worked 14 hour days..every day..never any sort of reprimandation...and offered another promotion..was given a porsche, trips to the super bowl..trips to Hawaii..Tahiti, the bahamas...for my production.

I WAS DEMOTED TO A SALES REP.???? for tossing a ball around my office with my sales staff,,,to lighten the stress, and because of refferals...i had received from my husband, which were ok'd to call by my area mgr Frank....and my new mgr. these refferals....went to the honolulu office, many of my sales reps were promoted from these referrals....and frank himself even asked my husband for some.....my husband figured if he could not book the loan then refer the customer to his wife...to help her sales reps..or to hawaii..or to MN..my husband never recvd any $$$ from these referrals...it was just a case of "ones mans trash, another mans treasure." SO IN AN EFFORT TO RETAIATE AGAINST ME AGAIN I WAS DEMOTTED..?? JUST 3 MOS PRIOR I WAS BEING OFFERED A PROMOTION? HOW DOES THIS MAKE SENSE....?? SO I HAVE AN ATTORNEY...AND SO DO SEVERAL AMC SALES REPS....AND I HAVE HARD EVIDENCE..ie: loan info where title fraud was committed.income docs made up...mtg histories made up..and emails of sexual harrasment from superiors..even the infamous MARIANO DEMARIN, and other mangaers,,because i was one of the only woman mgrs and my #s were better than theres....
POINT IS....MYSELF, AND MY ATTRNYS HAVE RESEARCHED MEMBERS OF THE BOARD OF DIRECTORS, OUR INVESTORS, AND WHO SPECIFICALLY AMC DEALS WITH AT THESE COMPANYS....WE ARE FIRST SENDING OF LETTERS (CERTIFIED RCPT) TO WAYNE LEE..PRESIDENT...ROLAND ARNAULT...OWNER....AND THE MEMBERS OF THE BOARD AND INVESTORS....THESE PEOPLE HAVE THE fiduciary responsiblilty to investigate this....and if they do not.....they will go to jail too..... FRAUD IS RAMPANT AT AMERIQUEST....and they are getting scared....
oh, also attys and i have been working with the FBI in LA and Orange county and the local DAs....this will go to trial..and WILL BE RESOLVED!!! IT HAS TO BE...they are ripping off customers....their investors.....and they are trying to go public....so they will be ripping off people with a worthless stock....and cause many to lose their life savings they invested in amc stock.....ENRON?? OR AMERIQUEST?? THOSE OF YOU WHO STILL WORK AT AMC...don't be afraid...but learn from my mistake...don't go to HR...take it to the top....mary jo...wayne lee or lori grigg....that way you will be protected..and not retaliated against by low level HR reps...or middle management.....if any one has any info to share, or would like help with you may contact me, at.. davey_pie@YAHOO.COM
the stress of all this has caused me to have a breakdown..AMERIQUEST NEEDS TO GET RID OF THE BAD APPLES.
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#14 Consumer Comment

Blatant Fraud, Stone Walls, Bureaucratic Red Tape & Where are the Insurance Policies? preditory lending practices and fraud committed by Ameriquest

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

There is a small group of us who all experienced the exact same preditory lending practices and fraud committed by Ameriquest -- this apparantly occurs on a daily basis affecting hundreds, if not thousands of others! To date, none of us are able to obtain a fire insurance policy or title insurance documentation. When any of us call we were initially lied to that the policy would come and then they just started hanging up on us!! AMAZING!! To date, the proper taxes have not been paid the state of Florida, but the closing doc's indicate it was. What is worse is that Ameriquest, upon renewal time of the insurance required (that doesn't currently exist as we have no proof and they consistently avoid us) they could actually find us in default and proceed with foreclosure along with other reasons they could make up as they go!!
Went to the Office of Financial regulation today to find that we need to come up with a detailed report of all Ameriquest's fraudulent processes and were told that if we could gather enough victims, they state would give it more of a priority BUT they basically just investigate. The investigation could lead to the FBI finishing once all the appropriate state agencies have completed all the "legwork". Also called the office of Charlie Christ today (Florida's state attorney) just to be told they don't handle this sort of thing.......WHAT?!!!! Well, we won't accept that as an answer, we will pursue conversation with Mr. Christ at some point in time. We also plan on contacting the Federal Trade Commission in Washington, DC to find out exactly who would properly investigate Ameriquest's fraud and predatory lending practices on a federal level.
We need more folks from the state of Florida to submit details of their experiences to put it all together and deliver to the various offices within this State. A previous rebuttal, dated July 11 gives an address for anyone interested in such an official complaint. You'll have to write me!
To date, none of the state agencies we contacted: Dept. of Revenue, Dept. of Financial Regulations, State Attorney, Dept. of Insurance, and more have not taken any action we are aware of to seriously investigate this fraud!! I hear the state of Georgia is the only state to have banned Ameriquest from doing business within it's borders. Why is it so difficult for all these other states to SEE whats going and and DO SOMETHING ABOUT IT!
We are definitely going to put together as much as we can with as many people as we can and submit it to the Department of Financial regulation to get the ball rolling on stopping Ameriquest from stealing so much money from their customers! They are also in violation of the R.I.C.O. act, no doubt!
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#15 Consumer Suggestion

Fraud plagues mortgage industry, FBI says

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

Take a look at MSNBC.com website for today (9/17/2004) under "more top stories", "Fraud
plagues mortgage industry, FBI says". Sounds like maybe Chris Mathews of Hardball might be
interested in hearing from people who have been
victimized and also who have filed complaints
and have seen no action whatsoever.

I know that here in Ohio we have a congressman who is intent on destroying consumer protection from predatory lending while purporting to be doing the opposite.

It's also interesting that swing states seem to be being ravaged by this activity.

It's almost as if predators know that they won't
be held accountable for some reason. Gee. I have
posted here that I have filed litigation for predatory lending and also sent a consumer
suggestion to Crystal about being careful about
unwittingly signing away her rights. And wouldn't you know, I am being asked by social secuirty to sign a release that would enable every person in the world to slander me and not be accountable for it.

I, and I bet all of you, were targeted as vulnerable being we are regular people who would never be able to take these predators to court. I have suffered tremendously to get litigation filed on my own as I couldn't depend on anything being done otherwise and now the people who are supposed to be guarding my rights and protections are getting down in the ditch. shocked? don't be. Just let someplace like Hardball know if you fill predators have been given free reign in your state. thanks.

person in the world to slander me
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#16 Consumer Comment

victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

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

I ama victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser who i guess must work for ameriquest and also them. Do they get the money from freddie mac? this mortgage was sold to argent. The properties contrary to the appraisal and pictures are not rehabbed and never was, people are squatting in the property and my property manager cant get them out, they are illegally getting water and elecricity. I will have to work another job to make a payment or walk away and screw my excellent credit. what should I do?. Who ever is filing a case against them and appraiser please contact me!
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#17 Consumer Comment

victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

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

I ama victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser who i guess must work for ameriquest and also them. Do they get the money from freddie mac? this mortgage was sold to argent. The properties contrary to the appraisal and pictures are not rehabbed and never was, people are squatting in the property and my property manager cant get them out, they are illegally getting water and elecricity. I will have to work another job to make a payment or walk away and screw my excellent credit. what should I do?. Who ever is filing a case against them and appraiser please contact me!
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#18 Consumer Comment

victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser

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

I ama victim of real esatte fraud perpetrated by a rehabber in cleveland, the appraiser who i guess must work for ameriquest and also them. Do they get the money from freddie mac? this mortgage was sold to argent. The properties contrary to the appraisal and pictures are not rehabbed and never was, people are squatting in the property and my property manager cant get them out, they are illegally getting water and elecricity. I will have to work another job to make a payment or walk away and screw my excellent credit. what should I do?. Who ever is filing a case against them and appraiser please contact me!
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#19 UPDATE EX-employee responds

fraud is rampant at ameriquest managers responsible

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

I was an account executive in the Tampa 2 office and I can assure you 99% of loans funded out of central florida are fraudulent. Some examples are ridiculously stretched appraised values, title fraud (people getting loans with no vested interest in the property) wire fraud, making fake w-2 forms and tax returns and sometimes paystubbs, I have seen this personally. The branch manager Jon Sarris and the area manager adam rothman know that this type of activity is going on and keep there mouths shut until somebody is caught doing it by a borrower at that point they try to act surprised and fire the account executive but never are held accountable by upper management themselves. Area Manager Adam Rothman even goes so far as to have his best friend working as a notary and having him signing loans under the disguise of a third party. If anybody in central florida has had a loan funded in the tampa/central florida area check if it was done by PRIME TIME CLOSERS. They are working hand in hand with Mr. Rothman while he is recieving handsome kickbacks from this notary company. The problem with this company starts at the top with the culture that is promoted. Adam Rothman, Ryan Huckstep, Jon Sarris all will have to answer to the good lord up above, hope he has a soul, lord knows you guys don't.... Good Day.
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My name is Crystal, i have posted on here already but i wanted to respond to you because i really am afraid of loosing my home and the treatment i am getting from Ameriquest is terribe I have delt with Todd the branch manager in saint petersburg and the area manager Adam Rothman. They both told me flat out that they do not care about my situation and that it is not their problem. I had a computer apprasal. I paid for my insurance in my closing and called to file a claim because of the hurricane, and my insurance company did not have a clue who i am. I was contacted by a rep from the ins co. and she told me that she returned the check on June 30 for my insurance and that i was never covered not for one day, that Todd recieved my paper work and was supposed to include it in the closing paperwork and did not. I called the title company and they dont have the check. I can not obtain coverage now because of the storm, and the fact that i dont have the money, and no one knows where it is. I have to obtain a REAL apprasal and pay for it myself inorder to get insurance coverage. Please help me. All i have is my home.
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#21 Consumer Comment

Familia in almost everyway...I'm becoming a frequently outraged victim of Ameriquest

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

Started with massive sales pitches, via letters, personal calls....refinance, I'll tell ya how to improve your rates) They were improving. One guy, thick accent became slightly personal, I, like a jerk, fell for some of his flirtation. He sent me a decent "truth in Lending" DOC. Assessment done and all, (with an offer of dinner in San Francisco. "Call him tommorow for the finalization".

I did, he was fired. Soon another "several" sales pitches resumed Rushed closing, interest rates from last 3 refinances all raised, to justify their higher than quoted rate. New assessment because the Romeo guy didn't leave any of his records.

4 contracts arrrived (2 with notary...."I don't work for Ameriquest) and (2 via Fed Ex...."don't open them until notary here or contract will be null and void). Paper everywhere. othing numbered.

Never placed in escrow, payoff shorted quite a bit of money.

e-mails to a few loan managers a hoot. What lies, One said they don't work off of truth and lending DOCS

No one knew about money shorted. First they blamed it on the title company Bridgespan, Said company went out of buiness. City taxes were paid (not by me) then they stopped.I never recieved bills.

2 weeks after I closed my rep got really nervous and wanted to know if I had anymore paystubbs...being a nurse and all. I was sick..the romantic guy knew that. High blood pressure.

Told him no I was working a little less to de-stress. He was near meltdown.

Made payments, a day or 3 late, they began to call and yell 4-8 times a day monday-SUNDAY. Nasty and threating. In November I recieved a intent to foreclose because I was a week late. My late fees began on the 14th....I had nothing outstanding owed. My nerves suddenly gave out.
I ended up in a crisis center. because my pressure was so high. Dec. officially disabled, until May when I had a heart attack.

January I was sent another letter with intent to foreclose, I couldn't even sit up. I put my house up for sale , and recieved an offer. Ameriquest's states that the payoff can only be don't via mail and only on the day of closing.

I get this feeling I'll be homeless.

What a well orchiated ride they took me on.
pardon the misspelling. Seems spelling and trusting happen to be my weak points.

At least I can live knowing I'm a nice human being and would never take advantage of anyone.
Count me in before millions of others are taken advantage off.
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#22 UPDATE Employee

AMERIQUEST HAS SHARP TEETH

AUTHOR: MARYJO SHELTON - (U.S.A.)

I WORK FOR AMC, AND TRANSFERED AREAS TO GET AWAY FROM A MGR IMPORTED FROM FLORIDA, WHO WOULD TRY TO FORCE ME TO BOOK FRAUDULENT DEALS.

I REQUESTED A TRANSFER TO WORK CLOSER TO HOME, BECAUSE I WAS AFRAID OF THIS MANAGER, HE WOULD THREATEN ME EVERY DAY. THERE ARE SOME OF US AT AMERIQUEST THAT "DO THE RIGHT THING" BUT I FEEL LIKE WE ARE A DYING BREED.

I TOLD MY H/R REP ABOUT THE ACTIVITIES I HAD SEEN IN MY AREA, AND WAS PRESSURED TO PARTICIPATE IN. ALSO I HAVE SEEN RAMPANT DRUG USE AND SEXUAL HARRASMENT BY AMC UPPER MANAGEMENT.

ALL I WANT TO DO IS BOOK LOANS, AND WORK HARD. AND NOW THAT I HAVE "LET THE CAT OUT OF THE BAG" ABOUT FRAUD IN CALIFORNIA, I AM BEING HARRASSED AND SCRUTENIZED, AND THREATENED ON A DAILY BASIS BY MY EMPLOYER, AND BY HUMAN RESOURCES....MY OLD MGR.

HAS EVERYONE IN "HIS WORLD" PAID OFF FROM THE FUNDERS AND UNDERWRITERS AT CORPORATE, TO THE HUMAN RESOURCE REPS, WHO DO THE BRANCH AUDITS. THERE ARE GOOD PEOPLE AND GOOD LOANS TO SELL AT AMERIQUEST, BUT THE GOOD PEOPLE ARE BEING RUN OFF, OR FORCED TO COMPROMISE OURSELVES TO KEEP OUR JOBS....STRESSFUL.

I AM AMAZED AT THE THINGS I HAVE SEEN, AND BEEN ASKED TO DO AS A MGR, BY MY UPPER MANAGEMENT!! I THINK I NEED AN ATTORNEY. WHAT'S YOUR OPINION?...I FEEL LIKE I WORK FOR THE DEVIL HIMSELF AT TIMES.
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#23 Consumer Comment

Ameriquest Got Me Too

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

I was ripped off by the same office in Tampa. I now have negative equity and even Ameriquest has turned me down for a refinance. My property value has gone up at least $15,000 since my last refinance with Ameriquest. At that time, they came back with an appraisal of $240,000. My present payoff is $213,000 and they can't get a high enough appraisal for the payoff amount. I know the property has not dropped in value. On top of that, at closing my fixed rate was changed to an adjustable. Last month I finally received a copy of my closing documents and realized that I paid $18,000 in closing/settlement fees! I would like to talk to anyone with any suggestions. I realize my own ignorance contributed greatly to my present situation. At the time I was going through a divorce and needed help. They saw me coming!
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#24 UPDATE EX-employee responds

How are they allowed to survive?

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

I agree with the above reports. I am a former employee and witnessed the same fraudulant activities. This is happening all over the country. It has been going on for years. Changing HUDS after closing, bogus appraisals and fraud by the Account Executives.

Other lending institutions have systems which prevent these activities. Why does Ameriquest refuse to use these procedures. Once again, it goes to show that upper management encourages these activities. Also, where are the authorities? Why arent they cracking down on this?

If you work for ameriquest and see this kind of activity get out of there and contact your local DA office.

Bring them down!
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#25 UPDATE EX-employee responds

Fraudulent Support

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

There are recent reports that upper management has started to audit branches in the Pinellas and Hillsborough counties. Not to much surprise they supposedely fired a few account executives but the branch managers seem to walk away from the situation. The most unbelieveable part of this audit is the branch managers teach how to get these loans signed by all means necessary. One famous qoute by a branch manager is "Book every loan, Book it Dot.com" He is considered Ameriquest's golden boy, so they would never fire him. Even though he signs off on every single loan that they close, so he is responsible for every fraudulent loan that the account executive gets fired for. This is there procedure at Ameriquest, if you think about it everyone should be held accountable for a fraudulent loan. The Regional Manager is in charge of the area manager, who is in charge of the branch manager. The area manager is in each branch per week, he oversees of these fraudulent loan's everyday. It is a disgrace that nothing is ever done. There was a branch manager who recently got suspended for two days for one of his account managers committing fraud. He signed off on the loan, why is he not held resposible? He was supposedely one of the most fraudulent loan officers of his time and he got promoted to a branch manager. This is a continuing practice at Ameriquest and it must be stopped.
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#26 REBUTTAL Individual responds

About to make the same mistake

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

I am currently owner financed on a duplex, and have never purchased real estate before, my fianc and I have lived here for 21 months, and the owner we have an agreement with approached me with a suggestion that i take over the contract. my original agreement is for 100,000, and at this time i owe 98,000 the property originally was appraised at 105,000 and now the Ameriquest people say its worth 135,000. they wanted to charge me 10,000 and 7,000 in "fees" and wont give me an itemized break down as too what they are. if i am on the verge of getting royally ripped, i would be more than happy to wear a wire to give any DA a solid case against these people if they are doing things that are illegal. I have not signed anything with them yet.please contact me ASAP if I can help, or if you can give me advise
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#27 Consumer Suggestion

R, E. HUGHES, SR -- CLASS ACTION SUIT VS AMERIQUEST

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

sir,

please count me as a member of your class action lawsuit against ameriquest.......i was also victimized by this predatory lender .. the complaints posted on ripoff reporter describing ameriquest modus operandi were very much similar to what i've encountered with this greedy loan shark....or mine is even worsT......for three months that i had my mtge WITH ameriquest, total losses amounted to $48,000....... it started when they refied my THEN existing low 5.75% 2/28 mtge with wamu 500k by appraisng proprty at 650k and at 90%ltv got a new loan 1st td 585K at 9% 2/28 with total closing cost/point at whopping 26,000..getting me a cash out of 50K..after 3 months i went back to wamu.....and refied again....all three refis done in one year.....wondering how i did that? ..just feeling lucky and blessed that house values in the residential hollywood area by the paramount studio almost doubled in the past 2 years.....but i am still serious in doing the class action lawsuit.....CALLING ALL VICTIMS OF AMERIQUEST, ITS TIME TO MOVE AND TAKE ACTIONS TO STOP THIS LenDER ...OR ELSE we'll all be holding our pieces together ....FOREVER.
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#28 Consumer Comment

Ameriquest I was told is also Olympus/bedford/Town and Country

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

I am dealing with permier mortgage right now who got us a loan through Olympus a.k.a. Ameriquest.
We had agreed on all of the closing and the loan amount. The paper work came in to us from the mortgage company.

Everything in the loan documents has got to be someone elses loan there are things in there we NEVER agreed on. We have $8,000.00 in fees and we have no escrow account.

Our closing was set for June 25th but they stalled us said "THEY" premier screwed up us getting FHA loan. WE are FIRST time home buyers and our loan says refinance. Our home cost is $90,000. our loan is for 98,000. and they want us to bring $3,500 to closing.

We told the appraisel company dont bother coming out because we cant get ahold of our loan officer to work out these numbers. Therefore our loan has been in limbo for almost 2 weeks now.

Thank god we rent from the seller so we are able to wait but things don't look good. My opinion is they think we will say screw it and go to closing and sign whatever we have to. None of the numbers match from loan amount to interest rate.

I cant even get a good faith out of them that has accurate numbers and I am sure when respa made it law to provide us with a good faith the law must say make sure the numbers are relavant to the loan.

It looks like someone's 10 yr old typed the numbers in. Please contact me I am looking up the laws tonight. It really sounds like these companies are up to no good.
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#29 Consumer Comment

Ameriquest I was told is also Olympus/bedford/Town and Country

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

I am dealing with permier mortgage right now who got us a loan through Olympus a.k.a. Ameriquest.
We had agreed on all of the closing and the loan amount. The paper work came in to us from the mortgage company.

Everything in the loan documents has got to be someone elses loan there are things in there we NEVER agreed on. We have $8,000.00 in fees and we have no escrow account.

Our closing was set for June 25th but they stalled us said "THEY" premier screwed up us getting FHA loan. WE are FIRST time home buyers and our loan says refinance. Our home cost is $90,000. our loan is for 98,000. and they want us to bring $3,500 to closing.

We told the appraisel company dont bother coming out because we cant get ahold of our loan officer to work out these numbers. Therefore our loan has been in limbo for almost 2 weeks now.

Thank god we rent from the seller so we are able to wait but things don't look good. My opinion is they think we will say screw it and go to closing and sign whatever we have to. None of the numbers match from loan amount to interest rate.

I cant even get a good faith out of them that has accurate numbers and I am sure when respa made it law to provide us with a good faith the law must say make sure the numbers are relavant to the loan.

It looks like someone's 10 yr old typed the numbers in. Please contact me I am looking up the laws tonight. It really sounds like these companies are up to no good.
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#30 Consumer Comment

Frustrating to get state agencies to take any real action!

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

As victims of this fraud and a few close friends who were also victims of the same company-AMERIQUEST) and not wanting to settle for being a "victim"........we have contacted a few agencies within the state of Florida to report the various fraud. We reported the sales tax underpayment by Ameriquest (or actually THEIR title company) to the Florida Department of Revenue with documented proof. That was back in March and we have heard nothing thus far. FRUSTRATING! We have also gone to the State Attorney's Office--early June I believe. Nothing so far there.

We have begun our own investigating. We have tried to contact other victims by simply going to the courthouse--PUBLIC RECORDS--getting a list of AMERIQUEST mortgage transactions in court (including foreclosure, after all many of Ameriquest's victim's could end up in foreclosure with no way out because of how their loan was set up)....and then trying to locate them. My fiancee contacted another state office regarding the insurance fraud. Nothing seems to have happened there either!

If this paragraph is permitted, we have established a Mortgage Fraud Ingestigation and any input would be appreciated. Mail to PO Box 4103, Clearwater, FL 33758-4103.
OH, two of our friends who have filed their on PRO SE lawsuits are now being threatened by Ameriquest's attorneys.

BELIEVE IT OR NOT.....They were told by the "Executive Office" (as it was quoted to them) that their past three mortgage payments have been put into a different account to cover legal fees because of the law suit.

WHAT IS THAT BESIDES PURE INTIMIDATION! IT HAS CERTAINLY GOT TO BE ILLEGAL BUT THEY ACTUALLY DID THIS.
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#31 REBUTTAL Individual responds

NEED MORE INFORMATION, NEED HELP!!!!!!

AUTHOR: Michelle - (United States Minor Outlying Islands)

As were you My husband and myself were ripped off by Ameriquest also. Breach of contract, Abusive Predatory Lending pratices False Documention, Hud -1 settlement statement not matching the money that was sent, incorrect fees and so on. I have sent a letter in the end of June.

It is in here also. Please take a look at that to see if there is any way that there can be a class action law suit or anything that you can tell me that might help. We have been fighting with Ameriquest over 6 months for more thatn $7000 and still have no money that was due to us or no response. NEED HELP!!!!

See my letter from Tampa Florida Last week in June.

PLease help!!!! Thanks
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#32 UPDATE EX-employee responds

I used to work at Ameriquest

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

I am an ex-employee of Ameriquest Mortgage. There are several ways that Ameriquest breaks the law on a daily basis. 1) Over exageratted appraisals 2) Ammended HUDs after closing 3) Stated income with absolutely no verification 4) No pre-disclosure of fees prior to closing.

These are all ways in which Ameriquest knowingly breaks the law. I truly feel sorry for anyone that has done business with Ameriquest because they are probably "upside down" on their mortgage. Ie...they owe more that what their house is even worth. Not to mention the extremely high closing costs.
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#33 Consumer Comment

we unwittingly signed everything

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

We are a victim of Ameriquest in Rancho Cordova, CA, but we live in Palm Coast Florida. We posted our ripoff report on 7/6/2004.

We signed a contract on 6/17/04, and have since discovered multiple errors on the loan package; we've been told a multitude of lies and broken promises. Checks were cut to wrong entities and in incorrect amounts. HUD settlement doesn't match summary of debts and dispursements to borrower. In fact, $117.40 is missing and still unaccounted for. We were told by Ameriquest "not to worry about it". We were also charged outrageous and unfair fees. The interest rate was jacked up without our knowledge or consent; we were rushed through the closing, too.

Unfortunately for us, we do not understand the language of the mortgage loan, so we unwittingly signed everything. It was not until the checks were dispursed (we were told that we would get over $3000, but we got a check for $210.14) that we realized something was very wrong. Now Ameriquest "doesn't know what went wrong" and they are stalling. They won't answer the phone, one person "no longer works there", or the manager is "in a meeting." The last time we got the manager on the phone he promised to send us a letter informing us how they were going to correct the problems. Surprise? No letter.

Bottom line...HOW DO WE GET IN TOUCH WITH YOU? Who do we call in the State of Florida, and what is the phone number?
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#34 Consumer Comment

Requesting Information Please.

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

My elderly Aunt in FL may be a victim of this
scam and I am quite concerned. How can I access
the actual lawsuits to read and have my Attorney
go over? Thus far, I've been unable to locate
this information on-line.
Any help would be greatly appreciated.
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