- Report: #324763
Report - Rebuttal - Arbitrate
Complaint Review: Citi Residential Lending/Ameriquest
Citi Residential Lending/Ameriquestcitiresidentiallending.com Internet U.S.A.
Citi Residential Lending/Ameriquest Deceptive/Ripoff Internet
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Also, interest rates have declined drastically since I originally refinanced. The interest rate that they gave me after the interest only portion of the loan was completed was 2 points higher than the current interest rate. Citi Residential gave me some spill stating that their interest rates are calculated six months before the rate is set to change. I thought that was an absolute lie.
Additionally, as I was trying to resolve issues with my current insurance company, Citi Residential forced insurance on me. The amount that they forced me to obtain was 2 1/2 times more than my current rate. I never received anything stating how much coverage I would receive, what company will be covering my home, or a prospectus.
I am almost to the point that I'm willing to contribute to the rise in the foreclosure rate.
Calumet City, Illinois
This report was posted on Ripoff Report on 04/09/2008 07:53 AM and is a permanent record located here: http://www.ripoffreport.com/r/Citi-Residential-LendingAmeriquest/internet/Citi-Residential-LendingAmeriquest-DeceptiveRipoff-Internet-324763. 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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