• Report: #264213
Complaint Review:

Ameriquest Mortgage Or AMC Mortgage Services

  • Submitted: Mon, July 30, 2007
  • Updated: Mon, July 30, 2007

  • Reported By:Irving Texas
Ameriquest Mortgage Or AMC Mortgage Services
www.ameriquestmortgage.com Santa Ana, California U.S.A.

Ameriquest Mortgage Or AMC Mortgage Services Ameriquest inflated our appraisel and stuck us with an adjustable rate. Ripoff Santa Ana California

REBUTTAL BOX™ | Respond to this Report! | Consumer Comment

What's this?
Corporate Advocacy Program

Show customers why they should trust your business over your competitors...

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™

Set the record straight:
Arbitration Program

SEO Reputation Management at its best!

My husband and I refinanced our loan through Ameriquest Mortgage in December of 2004. We just received a settlement paper to sign to receive about $200.00 to settle with them. If we sign this paper we forfeit our right to sue them in the future.

The Ameriquest representative told us the best way to refinance would be at a two year fixed rate and after two years our loan switches to an adjustable rate. We did not want to do this, but the representative said this would be best for our situation, we finally agreed. In 2006, our fixed rate expired and it went to an adjustable rate. Since that time, every 6 months our monthly payment has increased by two points. It is now at 10.1% and in 6 months will go even higher.

We tried to refinance a few months ago, but they want to add 6 or 7,000.00 dollars to our loan for their closing. To begin with they inflated our appraisel, our home is appraised at 65,000. and Ameriquest appraised it at 90,000.00 just to get our business. We tried to go to another mortgage company, but they will not touch the loan because we owe more than the house is worth. Can we sue them?

Irving, Texas

This report was posted on Ripoff Report on 07/30/2007 04:22 PM and is a permanent record located here: http://www.ripoffreport.com/reports/ameriquest-mortgage-or-amc-mortgage-services/santa-ana-california-92711-1000/ameriquest-mortgage-or-amc-mortgage-services-ameriquest-inflated-our-appraisel-and-stuck-u-264213. 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. READ: Foreign websites steal our content

Click Here to read other Ripoff Reports on Ameriquest Mortgage Or AMC Mortgage Services

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?