• Report: #229125

Complaint Review: Ameriquest

Thank You

Read how Ripoff Report saves consumers millions.

  • Submitted: Sat, January 06, 2007
  • Updated: Sat, January 06, 2007

  • Reported By:Southern Area Maine
Ameriquest
ameriquest.com Santa Ana, California U.S.A.

Ameriquest, AMC Mortgage Services New found hope for foreclosures with Ameriquest victims Santa Ana California

*Consumer Comment: Check with your Lawyer

What's this?
What's this?
What's this?
Is this
Ripoff Report
About you?
Ripoff Report
A business' first
line of defense
on the Internet.
If your business is
willing to make a
commitment to
customer satisfaction
Click here now..

Does your business have a bad reputation?
Fix it the right way.
Corporate Advocacy Program™

SEO Reputation Management at its best!

After battling with Ameriquest (AMC Mortgage Services) since April of 2006, having our payments held (when we thought they were all made and then having them all returned unexpectedly to us), being threatened with foreclosure, not being provided with a timely payoff statement (which is illegal) causing us to not be able to refinance with another company...(all because they were retaliating because we opted to go with another company) and yet having the support of our state's Attorney General's office and the office of Consumer Credit Regulation's office---but yet still being harassed by this company and fighting off foreclosure action, a MIRACLE MESSAGE showed up via certified mail a few days ago, get this, from AMC, dated December 21, 2006, which reads exactly:
_____________________________________________________________
"Dear Homeowner(s):

Certain borrowers have challenged Ameriquest Mortgage Company's (Ameriquest") practices under the Truth in Lending Act. They claim that Ameriquest has not provided proper Notices of Right to cancel to its borrowers. Borrowers who did not receive a legally sufficient Notice of Right to Cancel have up to three years to cancel their mortgage transaction (four years in Massachusetts). The right to cancel ends if there is a completed foreclosure sale.
You have been identified as someone whose Ameriquest loan is subject to a foreclosure sale in the near future. You should review your transaction with an attorney or legal services organization to determine if you have an enforceable right to cancel and whether it is in your interest to cancel.
If you cancel, a court will need to determine if you cancellation is effective. If a court determines that your cancellation is effective, your mortgage will be void and you will not have to pay any finance charges. Instead, you will have to immediately repay any unpaid principal amount (for example, by refinancing your loan).
This Notice is being given to you pursuant to an order of the Court in "In re Ameriquest Mortgage Company Mortgaged Lending Practices Litigation," M.D.L No. 1715, Lead Case No. 05-cv 07097 (N.D.Ill.). Please do not call the court.

Sincerely,

AMC Mortgage Services"
_____________________________________________________________

We looked through our loan documents and could not find a Right to Cancel form anywhere. I would question this no matter who you are and challenge the fact that you, yourself ever signed one or was given one. Even if you lost your home already, since you were not notified of this above letter, I would have an attorney challenge AMC on this to repay you somehow. This company is evil and I could make a huge list of how many things they have done to treat us with disrespect, rudeness and continually lie and lie and lie to try to cover up their wrongdoings.

Fortunately for us, I told one representative of the company way back in the beginning of our issues with them, that I was from here on out recording all conversations with myself and AMC and for them to document this, because this was legally advising them of my plans to do so. I have them on tape swearing at me, calling me names and ridiculing me. I am working with my state and also an attorney to bring charges against the company. In addition, the state of Maine was awarded a settlement of 250 million dollars last year from AMC for restitution for lack of Compliance in our state. You need to contact the Office of the Attorney General to become part of this for loans with this company dating between 1999 through December 31, 2005. I would urge others from other states to check with your Attorney Generals office to see if you had or have the same issues.

I will be more than happy to answer any and all questions so that I can help others avoid living the hell this company has caused me and my family. I truly hope this information I have provided helps many and I have appreciated reading posts on this site. It has helped me to not feel so alone in this and has sparked some ideas that have paid off in researching my rights.

Stephanie
Southern Area, Maine
U.S.A.

Click here to read other Rip Off Reports on Ameriquest Mortgage Company

This report was posted on Ripoff Report on 01/06/2007 05:41 PM and is a permanent record located here: http://www.ripoffreport.com/r/Ameriquest/Santa-Ana-California-92711/Ameriquest-AMC-Mortgage-Services-New-found-hope-for-foreclosures-with-Ameriquest-victims-229125. 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.

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

Click Here to read other Ripoff Reports on Ameriquest

Search for additional reports

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

Search Tips
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?
REBUTTALS & REPLIES:
0Author 1Consumer 0Employee/Owner
Updates & Rebuttals

#1 Consumer Comment

Check with your Lawyer

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

If this is the 49 state action against A'quest check with your Lawyers before you sign away your rights for pennies. Noncommunication is their game. Good Luck all those fighting in all the states and good luck with working with the Attorny Generals of those states that haven't already said to wait for those papers that ask for you to sign away all your rights to go after these ummm jerks
Respond to this report!
What's this?
Report & Rebuttal
Respond to this report!
What's this?
Also a victim?
What's this?
Repair Your Reputation!
What's this?

Advertisers above have met our
strict standards for business conduct.



Ripoff Report Legal Directory