Complaint Review: Ameriquest Mortgage - Nationwide
- Ameriquest Mortgage Ameriquest.com Nationwide U.S.A.
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- Category: Mortgage Companies
Ameriquest Mortgage ripoff dishonest on home appraisals Auburn Hills Nationwide
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Oh My Goodness!!!! I have just read some of the other reports on this site and I am experiencing the exact same thing. I was also told I could refinance my house after taking an ARM loan, even after I informed them that I wanted a fixed.
They made the payments for a fixed loan so high that there was no way I would have been able to make the payments. So reluctantly I accepted the ARM loan, since I had just had a baby, was a single parent, and the bills, debts were piling up, and I was promised I could refinace in 2 years.
My house was appraised at 90,000 in 2004 and appraised at 64,000 in 2006 (this was after I had new windows installed and two of the rooms remodeled. When I contact the last appraiser, she told me she didn't understand why my hous "depreciated" in value so much. I then contacted Ameriquest to get a copy of the appriasial they had did in 2004 (it wasn't included in the paperwork)as well as 2006, I was told "They'll see what they can do".
My payments are to go up to 924.00 in June and go up again in December, until my interest rate reach 15%. I had lived in my house for ten years. There has got to be something we could do.
Felicia
Pontiac, Michigan
U.S.A.
This report was posted on Ripoff Report on 05/05/2006 01:36 PM and is a permanent record located here: https://www.ripoffreport.com/reports/ameriquest-mortgage/nationwide/ameriquest-mortgage-ripoff-dishonest-on-home-appraisals-auburn-hills-nationwide-190150. 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
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