Ameriquest Mortgage ripoff how I won Orange California

Hello,

As a first time homebuyer I was seeking financial help after a being laid off my full time job and separation with in new marriage.  I was contacted by Ameriquest Mortgage after completing a Internet search.  The agent scheduled an appointment  with me (while I expressed to him my problems about my marriage).  He came out the next day and spent less than an hour signed papers, scheduled an appraisal, and left.  

About two days later he can back with a list of each bill they are going to pay.  Totaling less than $5k.  Rushed me to sign the new loan, sign all kinds of paperwork, and left again.  After that, I never heard from him again.  Unaware what I signed, while crying about my separation a paperwork going from a fixed rate to adjustable rate.  On the first visit, I showed him a current check stub where I worked part time (less than 25 hours) a week.  

Since the class action, I received $200 that was all.  My children and I was forced to move because two months after the rate   changed and went up, I was not able to afford the increase in payment (which I was not aware would happen).  My current monthly mortgage was $701 upon purchase in 1999 and went up to $1,084.85 in 2000, I could not pay this amount, pay all utilities, and feed my family with a part time income.  The agent knew all this information, and I was not aware of my rights.  

I believe that I have been a victim of the predatory leaning crisis anI would like to be compensateGeForce such practices.   

Ugh, my last post didn't make it though, and am not going to type the whole thing again, but the bottom line is: it seems to me that an inflated appraisal only hurts the entity that services the loan, not the borrower. Inflated appraisals give you a lower LTV, which can get you better rates, cancelling of PMI, etc. I am not saying this kind of fraud is OK, but the ones getting defrauded are the ones who buy the loan, not the borrower.

In a similar vein, there is no way a lender benefits from not making sure your home (which secures the loan) is insured. Otherwise, if it get destroyed the buyer can walk away leaving the lender with nothing. 

So I know this thread is 6 years old, but I have to say I am a bit confused. Many of the complaints are about high appraisals; why is this a problem for the consumer? I can see why it would be a problem for whomever Ameriquest sells the loan to; in fact if they don't sell it, and service the loan themselves, they are just screwing themselves.

For example, it is estimated that when a lender forecloses, they will only be able to recoup about 80% of the true value of the home. This is why people who have more than 80% LTV need to buy PMI, to protect the lender for that difference. Now let's say you only have, say, 15% equity in your home. At that point you would need to buy this PMI to protect Ameriquest. However, if they over-appraise your home to bring the LTV down to 80%, you do not have to buy it - this saves you money at the expense of Ameriquest having protection!

If the appraisal is *really* high, it might bring the LTV down enough where you can even get a better rate or more lender credit for closing costs.

In a similar vein, it makes no sense that Ameriquest would intentionally not buy homeowners insurance that they said they would. Again, this insurance protects the lender quite a bit, as it is the home that is securing the debt. If the home is destroyed, the borrower can just walk away, leaving the lender with squat.

I lost my home, they sold it, falsified documents (I have copies of all), they didn't notify me of the sale, the list of illegal activities goes on and on.

Does anyone know people, lawyers, associations that will help me?  I am now out of money and am looking for a lawyer who will take my case on a contingent basis.  I have contacted the Attorney General's office.

Any advice would be greatly appreciated.  I am in Colorado.

If you are in foreclosure, for all intents and purposes you no longer are the homeowner. You still hold title, but not for long. 

You can't offer them anything because you aren't going to be able to find a bank to pay off the existing loan since you are >120 past due. 

My original MortgAGE was through ameriquest now bought over 2 times I am in forclosure. I am going to lose my house because Ameriquest commited fraud to do my loan. I want to save my loan can anyone help?

This is a must read true story, insider fraud reported. I hope this helps, It may be to late, but I am tired of poor consumers who were screwed by this Mortgage Co and others and now the economy calls them all liars, many were not, most were not, this is an insider view to how many customers were screwed at Ameriquest Mortgage, and if it can help now, I pray so.
(((Redacted)))

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I'm in a similar situation, but different servicer. I need contact info.

Ron

Hi, I"m in a similar situation with Home EQ, if you respond I will offer more details and maybe you can offer some suggestions, thanks, Lindsey

I have been tring to work with these people for 4 months about the adjustment in my loan. I have talked to about 6 different departments and probably 20 "customer reps". I have never been so frustrated trying to do something in my whole life! How do you get through to these people. I am tried of their condensending and rude comments!!! Any help you can give will be greatly appreciated!!!

Now I am in forclosure, offer them a short sale (have approved HUD loan) and was told NO, if I needed more money, get a better job!!! How do you deal with jerks like this???

Ameriquest did the same thing to me and Citi Residential Lending bought out Ameriquest. Citi Modified my loan but really no help on the ARM and Interest Rate. I am trying to remodify my loan to a lower rate and lose the ARM but very impossible. If you have any connections to the right people to help please contact me.

10/17/08

QUET
POB 31054
Atlanta, Georgia 30331
quettc@yahoo.com
quettc@aol.com

TODAY, I'M IN SUPERIOR COURT FOR AMERQUEST/AMC/ (CLOSED REALLY CHANGE NAMES) TO *CITI LENDING/DEUTSCHE BANKING (over 2 yrs in court):
per the judge one of the following could happen
1. JUDGE AWARDS MY HOME TO THEM.

2. JUDGE AWARDS MY HOME TO ME.

3. AT PRESENT WAITING FOR CITI LENDING TO CALL ME BACK FM:10/11/08, WITH 3.99 RATE
AND A NEW MORTGAGE INCLUDING FORCLOSURE CLAUSE. (I HAVE CANCER 3B MARCH 08)


AM I THE ONLY ONE GOING THOUGH THE AMC/AMERIQUEST/DEUTSCHE BANK WEB OF DECEIT AND MISCONDUCT? I SIGNED DOCUMENTS AT CLOSING 9% FLAT RATE. (AMERIQUEST HAD MY ORIGINAL APPLICATION WITH MY SALARY.) I WAS STRONGLY ADVISE TO SIGN A STATEMENT INCREASING MY INCOME-JUST FOR THEIR RECORDS AT SIGNING OF PRE-CLOSING PPWK.

PRESENTLY IN SUPERIOR COURT IN WHICH AMERIQUEST/AMC/DEUTSHE BANK "OMITTED NON-JURIDICAL FORECLOSURE CLAUSE IN MY MORTGAGE DOCUMENT. THEIR ATTORNEYS STATED "COMPUTER ERRORS (GLICK) IN OVER 20 THOUSAND CONTRACTS." MY MORTGAGE PAYMENTS WERE RETURNED.

I HAVE PAID OTHER BANK NO LATE AND PAID IN TIMELY MATTER. (BANK OF AMERICA)

2006 TRYING TO REFINANCE I DISCOVERED ON MY CREDIT REPORT THAT AMC STATES "FORECLOSED AND REPOSSESSION" THIS BLOCKED ALL POSSIBLE OF SECURING ANY LOANS USING MY HOME 60K EQUITY. PRESENTLY WORKING WITH THREE MAJOR CREDIT AGENCIES TO CORRECT BY SENDING CURRENT GAS, ELECTRIC BILLS WITH ADDRESS. THE LETTER TO FOLLOW IS FROM THE AMC PRESIDENT'S OFFICE FOR CORRECTION.

AMC AWARE THAT I AM PRESENTLY LIVING THERE FOR OVER 24 YEARS, A LETTER STATING MORTGAGE INCREASED FROM $874.00 TO $1100.00 A MONTH WAS SENT TO MY HOME IN MARCH 2007. MY MORTGAGE PAYMENTS WAS RETURNED CONSTANTLY.

I DID NOT SIGN ANY DOCUMENTS INCLUDING ADJUSTABLE RATES.

ANY AND ALL HELP APPRECIATED.
THANK YOU FOR READING
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I am very sorry to hear all the very similar stories on this thread. I am in a little different area, but perhaps this might be helpful for the people thinking or in the process of getting a new loan. I am directing this to everyone, but to people with not so good credit or those who do not have a hefty down payment.

(Let me say I have had surgery, so I am typing this with one hand, so I truly care or I would not take the time to do this one handed as it is quite tiring)

I inspect homes during foreclosure , bankruptcy process or those who have already left their homes. I find them often abandoned and many times the homes have already been vandalized.

This is not meant to put iodine in anyones wounds, only to help and perhaps have people think long and hard BEFORE they jump into buying a home because I SEE the AFTERMATH afterwards.

1. Make sure you can put a good strong down payment on a home before you even start the buying process. Banks, mortgage companies will tell you ANYTHING to get you to buy a home, but they DO not weigh in RISKS well. They care about the SALE and yes to them it is a sale. What risks you may ask could possibly change how things go after I buy this home. Well here are a list I have leared after being in this business for 20 plus years:

job loss. The stats say that a person stays on one particular job 2.5 yrs. That means that if you do not have a good 3-6 month savings then this will most likely cause you to default in your payment for at least one payment. That often then will begin a domino effect so that the first payment begins to affect the next and so on.

pregnany. A wonderful, beautiful thing. However, I have talked to so many people who were not prepared for the woman to be off from work from the time she took off, for those bosses who use the " I can fire her for any reason cause I do not have to give a reason"( yes it happens often and they do get away with it) prenatal issues with the baby so that the woman can not return to work.

Adult fun toys: ie. ski doos, boats, rv's, trampolines, many, many toys for kiddos, going out to eat for half the week, think of the charge for places like "starbucks" where you easily spend $*-$10 alone every morning for coffee and a treat. Add that up a month and see what you are spending. People do not think of all these things because they do not have a MONTHLY BUDGET so they honestly have no clue of what they are SPENDING their money on. Now, do not take this personally, because YOU may not be in this spot, however, after just inspecting over 900 houses this past week I can assure you I see this stuff every single day. In fact people often leave their bankruptcy and foreclousure papers in the vacant houses.

What happens when I have to go to your house:

When I inspect a home where the mortgager lives I often see two new cars on the property,so I know already they have tremendous debt. When will they learn the next door neighbor isnt going to be paying it, so what does it matter what they drive? Buy a used car and let the last person take the butt kicking for driving it off the lot. A car does not go up with vaule, it goes down. Same with boats, ski doos , rv's and the like. Do not buy it on CREDIT, if you want it AND have the money to afford it, fine, but buy it in CASH! I often inspect the house, which of course is behind along with the cars that are behind as well. That tells me many things about that person...........that they do not use CASH as often as they could.

I often see people with a $50 house with a NEW $35k suv in the driveway. Does that make any sense? I know they did not pay in cash for their new suv as they would not be behind on the house payment. I often see expensive bikes and this week I saw a boat in the yard that was bigger than the house. Where in this picture is there any sense? I know not all of you are in this situation, but I see this EVERYDAY! Eventually I hope someone reads what I have written before they get in this type of situation and says "thankyou, I almost bought a house I knew I couldn't afford". Even if they don't, someone , somewhere needs to hear this is a everyday occurance in every state.

Now...........when you have to leave your home. It is a emotional process to lose such a person place. My question is why then do people leave your childs graduation photos still on the wall or worse trashed on the floor along with dog poop and dead turtles in the pool? Why did you not care about the largest purchase you will pay for? I see holes in walls, people who throw paint on walls just to be mean. I see feet of dog and cat poop piled up on the walls and no not all are in the declining area. I see MILLION dollar houses that are in the same shape. That to me is very sad.there is not a long enough room here for me to write what I see in houses and how people damage them just to spite the bank. You may have had the last word, but in the end you just destroyed the value of your home even lower. To me, I still see your life there and I am at times phyiscally ill looking at how you left your home. I have to take notes of all the damages of your house, sometimes it takes 3 pages and 50 photos of what has been done to your "prized possession".

When you leave your home with possessions in it, you will most likely lose it because the locks will be changed so that the bank now has to take back what you couldn't pay on. So you will at some point not be able to get back in. So, if you want your furniture and belongings, TAKE THEM WITH YOU when you move. I see so many things left and then guess what? They are either stolen or they are vandalized. I've seen houses destroyed by vandals, they do drugs in your home and or they live in your home. I hope that when you bought your home that was not what you thought of when you signed loan papers. The police can do nothing much other than take my report even though I have sat and made sure the vandals leave, but their isnt much I can do being a 115 pound woman and their are sometimes 8-10 vandals living in your home.

When you lose your home I have to check on your home and make a walkthru of your home everyday to see if there is damage and to make sure it is locked up, I am NOT allowed to give out info to your mother who lives next door or the nosey neighboor who wants to know what is happening to it. TO those who cut your grass, please do not get mad at me. I can not ask for a grass cut if the grass is short. I can not tell you how much is owed, I can not let you know the loan staus. The information is called "confidential" for a REASON! So even though I know people are curious, remember " curiosity KILLED the CAT" lol

Now I took the time to let you guys know I understand there are MANY reasons for losing a house. I often see what PEOPLE do not wish to EXPOSE and that is OVERSPENDING. They love the boats, the rvs the expensive suvs, and BMW's in the drive, hey I would like one too. However, they do not wish to let people know they could not afford to make ALL the payments and often make the CREDIT CARD payments the boat payment and the suv payments instead of the house payment. If you have to pick, please pick the HOUSE! It is the one item that will GO UP in value most often than any other thing you may have.

I would rather not have to see what I see. I know many here lost their home with companies less than on the up and up, so this is not for you. It is for the people who have the "WANTS" and instead of having a good down payment to put on the house, and having a strong 3-6 month savings so that if you do lose your job you can survive, instead of doing the smart things they looked at that pretty little house and thought ok "I'm doing this for my kid...........husband..........uncle..........mom..............whoever". Only one little problem , usually YOU make the payment. When was the last time you saw a kid make a house payment? I want to see people to own a house, I do not wish to see a house OWN YOU! And today I will see apx 60 houses that the owners have an albatross around their neck called a "HOUSE".

So please, if you are already living hand to mouth, have no back up plan called a savings, please, please WAIT on the house. This is not your time. It will come, but it is not your time YET. Always check up your mortgage company before .........google,yahoo, do whatever you need to do, but please stick with a :

strong down payment
know your budget every single month and have a BACK UP PLAN for emergencies
always have a lawyer check over all your paperwork
stay away from sub prime lenders
stick with a 15yr fixed loan
stay away from arms
stay away from eqity lines of credit
know up front what you are getting into and no matter what
if you feel rushed, then STOP, DO NOT RUSH into it. because honestly I do not
wish to have to be looking at yet another vacant house.

Again, this is meant to help people BEFORE you buy a house because honestly when you get "HOUSE FEVER" your brains often fall out somewhere and I have to pick up your pieces.

Gene,

Please forward any helpful info on how you saved your home. I am in the same situation and my mortgage company won"t work with me. How did you find the person who ultimately helped you? Thx

i am interesting in knowing someone knowledgeable of ameriquest ways to help me ... i'd love if you can get back with me.

Dear Missouri,
I am praying that you are still on Ameriquest's case. I know that it has been three years since but people like me are still losing because of their actions. I appreciate the fact that you are offering help to those of us who can use all the help we can get with Ameriquest DBA AMC. My scenario must be a little bit different from most. But, then again it might not be. Ameriquest actually stole my house using the Dade County public courts. If you are interested, or can see your way clear to offer some light on the subject I would be most grateful.

Thelma
A Mighty Warrior

I too am a victim of the ameriquest mortgage rip off. Four years ago my husband refinaced our home while I was ungoing cancer treatment. We had a mortgage that was sposed to be paid off in full and only have one mortgage with Ameriquest. Little to my knowledge they did not pay the loan in full now we have the mortgage that is now owned by citi residential and our original mortgage with EMC Mortgage. We wound up filing chapter 13 bankruptcy because of the problems they caused us with EMC Mortgage. A balance of $2000 with EMC has skyrocketed to around $6000.00. We now only have a principal balance of $110 with EMC but they will not let me pay this off in full because they state we owe all these late fees and attorney fees associated with them trying to foreclose our property (that is why we filed bankruptcy). When they sent their claim in to the bankruptcy court we only owed a little over $2000 but now they say the payoff on our loan is over $6000. We are now making our payments to Citi Residential who has also tried to foreclose on our property. They stopped taking my payments for over three months but thank god are now accepting payments again. I have to try to make up the payments they were not accepting. I do not know what to do or where to turn to clear up this mess with EMC. I cannot afford to make my bankruptcy payment, Citi Residential Lending payment and EMC mortgage payment. I am from North Carolina. If there is any help you can give I would appreciate it. Thanks.

I would like to hear your story.

I would like to hear your story.

I would like to hear your story.

I would like to hear your story.

Found on The Mortgage Servicing Fraud forum and posted here.

07/07/08 at 01:24 PM #1

-------------
On June 26, 2008, Justice Thomas D. NOLAN of the Saratoga NY Supreme Court dismissed a foreclosure action brought by Deutsche Bank Trust Company due to lack of plaintiff standing. The case was Deutsche Bank Trust Company v PEABODY, 2008 NY Slip Op 51286U; 2008 N.Y. Misc. LEXIS 3690 (Sup Ct, Saratoga County, 2008).

"Again, here, plaintiff offers no evidence that it took physical delivery of the note and mortgage before commencing this action, and again, the written assignment was signed after defendant was served. The assignment's language purporting to give it retroactive effect, absent a prior or contemporary delivery of the note and mortgage, is insufficient to grant it standing."

See http://www.nycourts.gov/reporter/3dseries/2008/2008_51286.htm for the full Slip Opinion.

To Gene from Fulton Missouri, this is Frank from NY and I would like to speak with you about your issues with Ameriquest, I am going through that headache right now with them and could use some insight from you. I am not sure on how to reach you becaue I am new to this site, but maybe you knwo how to reach me, if so please do so asap.

Gene in Missouri suggested to try and contact him for assistance with my delimna. I have gone to the first court appearance with Ameriquest trying to foreclose on my home. I agreed with the Judge that I owe them monies, but am having difficulty trying to come to a resolution with them. The signatures on the closing papers are all forged at the request of the closing agent, due to the fact that my wife was on life support and we knew that when the support was shut down that she would die.

Her family was here from all parts of the US to say goodbye. The loan agent constantly harrassed me while I was at her bedside. They came to the house during one of my power naps and told her sister that she could sign my wifes name in her absence. She wrote a certified letter to the court that stated under duress she forged my wifes signature on all documents. The Judge was the one to notice that the Note was forged 2 days after my wifes death. We provided the judge with her death certificate and the certified letter stating forgery.

So far I don't know what to do or an attorney to contact. It was left with the Judge stating "that this is one for the books" and the first time he had come accross this situation. I experienced, like others, harrassment, forgery, deception, and the list could go on ad infinitum, just as others have with their problems with Ameriquest. I need a real estate attorney and don't know where to turn. Any help will be greatly appreciated.
Don

I contacted Ameriquest when I had to refinance my home last year. They sent me the papers to sign. They quoted me one price over the phone, and when the papers arrived they had changed the proce by over $10,000 stating that it was an error and to go ahead and sign it and they would make the correction wen the papers came back to them, this happened in 2006 . What kind of fool do they think we are! I would like to know how you avoided loosing your home to foreclosure in a buy back or short payoff as I got a low appraisal and I am trying to do a reverse mortgage, please contact me at (((ROR redacted))) Thank you for your help.

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We too are victims of AMC or Ameriquest or whoever they are this week. We have gone into foreclosure due to very serious health problems. I have fought it as long as I can and we are coming to the wire. What can I do to be able to keep my house? This website has my permission to give you my personal email address.

Gene - I am also a victim of Ameriquest's bad practices. Was told my mortgage was fixed and it has tripled, am going to court in a week for preforclosure, am looking for any help I can get. Ameriquest also hounded me while my wife was in the hospital on life support and they knew she was going to die. Her family was here for that reason. They called me soo many times while I was at my wifes bedside with her in a coma and on life support. They came to my house 2 days before she was going to have the life support removed and told her sister that she could sign for my wife with full knowledge that she was going to die in two days. Her sister has written a letter stating that the signature on the contract was fraudulent and that she signed it because the mortgage lender told her to. If you can put me in contact with anyone who can help me, I would be extremely grateful.
Don

Hi Gene,
I read your report and I will tell you I had have a case much worst off than yours.
I refinanced with ameriquest. then i needed to pay some taxes so i refinanced with beneficial. when i closed with beneficial i had a 30,000 judgement placed on my title from first american title company who was the title company for ameriquest stating that the payoff was 30,000 short. I have never been so appauled in my life. i have nerver heard of a payoff being short 30.000. well i filed complaint after complaint. this title company was garnishing my check and just kept harrassing me. i was unable to make my mortgage payments. so now my house is in foreclosure. its about at the sale date. I just filed bankruptcy to stop that title company from garnishing my check. i have tried to work out something with beneficial but of course they want too much money that i dont have.
i would love it if some one could buy my house at the sale and rent it back to me until my credit gets straight so i could buy it back through fha.

if you have anyone that can help me please send the information. any information that you can give would be appreciated.

thank you
stressed out in Chicago

I would like to communicate with individual

I would like to communicate with individual

I would like to communicate with individual

I purchased my home in June this year and went through a broker who seemed really nice. The thing is, when I got to closing they gave me an inflated interest rate of 10.4%. When I first went to the broker she said the rate was 8%. Two weeks later 9.4 I locked in at 9.4%.Two weeks later at the attorneys office, I was told of the higher interest rate.
I feel taken advantage of. What can i do?

I purchased my home in June this year and went through a broker who seemed really nice. The thing is, when I got to closing they gave me an inflated interest rate of 10.4%. When I first went to the broker she said the rate was 8%. Two weeks later 9.4 I locked in at 9.4%.Two weeks later at the attorneys office, I was told of the higher interest rate.
I feel taken advantage of. What can i do?

I purchased my home in June this year and went through a broker who seemed really nice. The thing is, when I got to closing they gave me an inflated interest rate of 10.4%. When I first went to the broker she said the rate was 8%. Two weeks later 9.4 I locked in at 9.4%.Two weeks later at the attorneys office, I was told of the higher interest rate.
I feel taken advantage of. What can i do?

I purchased my home in June this year and went through a broker who seemed really nice. The thing is, when I got to closing they gave me an inflated interest rate of 10.4%. When I first went to the broker she said the rate was 8%. Two weeks later 9.4 I locked in at 9.4%.Two weeks later at the attorneys office, I was told of the higher interest rate.
I feel taken advantage of. What can i do?

can you contact me at (((ROR REDACTED)))

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Way to go Gene! What suggestions can you assist with. I have an ARM with Ameriquest and have tried working with them what kind of info can you help with...

I need help/insider information for dealing with Ameriquest? I am about to lose my home and my credit. I feel as if I am going around in circles when I call to talk to them and now I am facing foreclosure!

This is the nastiest company I have ever dealth with. None of the techniques that the televison experts suggest work with them. I am frustrated and at my wits end!

I know you promise nothing, but it seems you beat the odds and I'd like to know how.

aka: Elizabeth

Sarah-

Do you know the name of the company who did the appraisal for Ameriquest? And what Ameriquest office did you use? I'm in Salem, and my house was over appraised by $40,000. The appraiser who came out was Amy Maren with Area appraisers. I was told by Ameriquest that this was the appraiser they wanted to use. She is like an hour north of me. I filed a complaint with the state of Wisconsin dept. of professional regulation against this appraiser and the y have decided to investigate it. I'm considering taking this appraiser to small claims court to try and recoup some of the money back from Ameriquest.

Belton man sentenced in mortgage fraud scheme
Kansas City Business Journal - 3:08 PM CDT Friday

A Belton real estate investor was sentenced to 12 years and seven months in federal prison without parole for orchestrating the largest mortgage fraud scheme ever prosecuted in the Western District of Missouri, U.S. Attorney Bradley Schlozman said Friday.

U.S. District Judge Fernando Gaitan sentenced Brent Michael Barber, 42, on Friday and ordered Barber to pay $11.2 million in restitution to the victims of his mortgage fraud schemes.


"This defendant tore through low-income neighborhoods like a hurricane, wreaking financial havoc on individual victims and financial institutions, and leaving behind a devastating trail of residential blight," Schlozman said in a release. "Fortunately, his criminal career has been brought to a halt, and he is being held accountable for the damage he inflicted on the community."

Schlozman said that Barber's mortgage fraud schemes involved loans on more than 300 properties for a total of more than $19 million and involved more than 80 investors, "most of whom suffered financially as well as mentally and emotionally."

Barber pleaded guilty on Feb. 23 to 104 counts contained in two federal indictments which, along with a third federal indictment for which a jury convicted Barber, involve separate schemes to defraud mortgage lending companies of millions of dollars.

In the first conspiracy, from May through October 1999, Barber was a client of Ameriquest Mortgage in Gladstone. During that time, he conspired with co-defendants Roderick Neil Criss, 35, of Kansas City, who was the branch manager, and Chauncey Calvert , 36, and Avonda Nicodemus, 34, both of Kansas City, who were account executives, to defraud Ameriquest.

As a result of the first conspiracy, Ameriquest Mortgage approved 66 fraudulent loans totaling $4 million.

A second conspiracy began in October 1999, when Barber approached Criss and Calvert and suggested they set up a mortgage loan brokerage, giving Barber's loans precedence, Schlozman said. Criss and Calvert agreed, launching Express Mortgage Inc., through which Barber conspired with Criss, Calvert and Robert Dale Beckley, 34, of Kansas City, to defraud lending institutions.

Barber also admitted he had engaged in additional fraudulent real estate transactions involving both commercial and residential properties, which were responsible for more than $2.7 million in additional losses.

As a result of the second conspiracy, lenders approved 233 fraudulent loans for a total of $15.6 million. Each of the co-defendants has pleaded guilty. Criss, Calvert and Beckley were sentenced on Oct. 11 . Nicodemus was sentenced to five years of probation, including four months of electronic monitoring, and ordered to pay $1.16 million in restitution.

First program in U.S. to aid about 40,000 homeowners in state

Steel building unveiled near downtown
Foreclosure hotline offers HOPE
Hotline created to help those facing foreclosure
Real estate chief targets kickbacks
Housing market posts weak September
By John Rebchook, Rocky Mountain News
October 12, 2006

Colorado on Wednesday launched the nation's first statewide foreclosure hotline, which came out on the same day a national study said the state continues to be plagued by the highest foreclosure rate in the country.
The hotline, 1-877-601-HOPE, is expected to help at least an estimated 40,000 homeowners in some stage of foreclosure in Colorado, said Zach Urban, program manager for Denver-based Brothers Redevelopment, which has been hired by the Division of Housing to administer the program.

The program is expected to cost between $300,000 and $500,000 in the first two years, said Kathi Williams, division director of the state's Division of Housing, which put together the public-private consortium to deal with the escalating problem. Foreclosures cost homeowners, lenders and municipalities hundreds of millions of dollars annually.

The Division of Housing contributed $250,000 to kick off the hotline. Also, the attorney general's office is going to contribute money it receives from lender Ameriquest as part of a $295 million national settlement involving predatory lending practices. The Colorado Association of Realtors is contributing $30,000, and JPMorgan Chase is kicking in $12,500, Williams said.

The $500,000 cost may seem like a large amount but could stem the tide on a problem whose impact goes beyond the 14,205 foreclosures reported through September, a 32.3 percent increase from 2005, according to the Division of Housing.

"We're trying to stop the bleeding," Williams said.

She said a lack of price appreciation in homes, risky creative financing such as adjustable rate mortgages and interest-only loans, slower economic growth during the past few years, predatory lending practices, and scams are contributing to rising foreclosures.

The hotline will provide about 60 counselors from about 30 different agencies across the country. Some of the counselors are part of the Colorado Housing Counseling Coalition, which is composed of counseling agencies throughout the state including cities such as Aurora, while others are nonprofits, said Zach Urban, program manager for Brothers Redevelopment, which is managing the program.

Urban said the cost of foreclosure is costing taxpayers.

"We had the University of Colorado-Denver last year study the cost for us, and they found on average it costs a municipality $10,000 per home," he said.

Williams said that in Pueblo, for example, vacant foreclosed homes were being used for meth labs.

Mike Rosser, a retired mortgage banking executive, said that foreclosures often cost lenders $35,000 to $50,000 on each home.

"They also drive down property value, which means less is collected in property taxes," he said.

Meanwhile, a report by Irvine, Calif.-based RealtyTrac said that for the second consecutive month, Greeley has the highest foreclosure rate among the 252 metropolitan areas it surveyed.


Program highlights

? Number: 1-877-601-HOPE (4673)

? Cost: $300,0000 to $500,000 over the next two years

? What it does: Help tens of thousands of Colorado homeowners who are delinquent on their mortgages or may miss a mortgage payment

? When you should call: First signs of trouble

? What they can do: Counselors can act as intermediaries between you and lenders, give you a game plan, help you organize your finances, avoid scams, reduce your potential liability, and possibly sell or keep your home.

? Why you should care: Foreclosures lower values of surrounding homes. Every foreclosure on average costs a municipality an estimated $10,000 per home for additional costs, such as police protection. They also are magnets for crimes, such as meth labs, and ultimately will lower property taxes, hurting schools.

Sources: Division of Housing and Brothers Redevelopment

Thanks for the info,
Kay

In regards to suits filed against Ameriquest , and impending bankruptcy, they could still be liable for the judgement because a lawsuit can still go forward if " willful and malicious conduct to the defendant" can be proven. Lets face it, everything Ameriquest has done meets this criteria.

So, if you are involved in a lawsuit against Ameriquest, hang in there and present a good case.

Gene

In regards to suits filed against Ameriquest , and impending bankruptcy, they could still be liable for the judgement because a lawsuit can still go forward if " willful and malicious conduct to the defendant" can be proven. Lets face it, everything Ameriquest has done meets this criteria.

So, if you are involved in a lawsuit against Ameriquest, hang in there and present a good case.

Gene

In regards to suits filed against Ameriquest , and impending bankruptcy, they could still be liable for the judgement because a lawsuit can still go forward if " willful and malicious conduct to the defendant" can be proven. Lets face it, everything Ameriquest has done meets this criteria.

So, if you are involved in a lawsuit against Ameriquest, hang in there and present a good case.

Gene

THIS IS FROM THE HUD WEB SITE

Mortgage Servicing Fraud

Homes are being stolen, families degraded by unscrupulous servicing companies. A few cases have come to trial only to be settled with a miserable amount to the victims.

As a result of these settlements, e.g. Fairbanks, the records are sealed, victims have not received full restitution, and the end result victims are bound to silence.

The worst part is the company is allowed to continue its so-called amended practices.

This is a SLAP IN THE FACE for the American public. Why is there no justice for these victims of servicing fraud?

There is much more to be done. Legislation has been enacted for anti-predatory laws in various states. There is a greater issue that of Predatory Servicing and their fiduciary responsibilities.

Gone are the days when you would go to your local bank and get a mortgage for a new home and know that they would service and maintain your account. Instead they sell the servicing rights to others, companies such as Litton Loan Servicing, Ocwen Federal, EMC, and so many more.

Anyone remember the Household Finance Class action, still in business and many victims still devastated. Now they continue business with a parent company, named HSBC.

There is justice: A Legal Remedy

Are you a victim of Predatory Lending or Mortgage Fraud?...

Is your Bank or Mortgage Lender trying to Foreclose?

Are you unable to Refinance your Mortgage?

You may be a victim of Predatory Lending Practices...

90% of mortgage loans closed in the last 10 years have an average of 31 violations.

If you are a victim of predatory lending practices, for every violation, there is a Mandatory Federal penalty of $2,000.00 for each violation under the respected law that was violated. Where TITLE violations are involved, there is a very strong and real possibility that the homeowner could receive a clear title re-conveyed into their hands.

Find out more about how your Bank may have violated the Truth in Lending Act and violations that may be in your in your closing documents...

Continue: Origination of the Loan

Page |2|3|4|5|6|

Our mission is to educate homeowners about predatory lending practices and bank fraud and options available to them.

We believe that if you don't know your rights, you don't know your options.


| Home | Articles | Foreclosure Help | Legal Disclaimer |

| Case Law | Legal Resources| Resources | Privacy Policy |

| Advertise with Us | About Us | Contact Us |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
write a RESPA letter and send it to the office of the president for Ameriquest, also ask for the contact info for their compliance officer send him a copy of the letter also, he has a fax number..

Keep Good records, if you send them a RESPA letter they have 20 days to answer and 60 days to resolve, if they don't they can be in breach of contract.

Good Luck

THIS IS FROM THE HUD WEB SITE

Mortgage Servicing Fraud

Homes are being stolen, families degraded by unscrupulous servicing companies. A few cases have come to trial only to be settled with a miserable amount to the victims.

As a result of these settlements, e.g. Fairbanks, the records are sealed, victims have not received full restitution, and the end result victims are bound to silence.

The worst part is the company is allowed to continue its so-called amended practices.

This is a SLAP IN THE FACE for the American public. Why is there no justice for these victims of servicing fraud?

There is much more to be done. Legislation has been enacted for anti-predatory laws in various states. There is a greater issue that of Predatory Servicing and their fiduciary responsibilities.

Gone are the days when you would go to your local bank and get a mortgage for a new home and know that they would service and maintain your account. Instead they sell the servicing rights to others, companies such as Litton Loan Servicing, Ocwen Federal, EMC, and so many more.

Anyone remember the Household Finance Class action, still in business and many victims still devastated. Now they continue business with a parent company, named HSBC.

There is justice: A Legal Remedy

Are you a victim of Predatory Lending or Mortgage Fraud?...

Is your Bank or Mortgage Lender trying to Foreclose?

Are you unable to Refinance your Mortgage?

You may be a victim of Predatory Lending Practices...

90% of mortgage loans closed in the last 10 years have an average of 31 violations.

If you are a victim of predatory lending practices, for every violation, there is a Mandatory Federal penalty of $2,000.00 for each violation under the respected law that was violated. Where TITLE violations are involved, there is a very strong and real possibility that the homeowner could receive a clear title re-conveyed into their hands.

Find out more about how your Bank may have violated the Truth in Lending Act and violations that may be in your in your closing documents...

Continue: Origination of the Loan

Page |2|3|4|5|6|

Our mission is to educate homeowners about predatory lending practices and bank fraud and options available to them.

We believe that if you don't know your rights, you don't know your options.


| Home | Articles | Foreclosure Help | Legal Disclaimer |

| Case Law | Legal Resources| Resources | Privacy Policy |

| Advertise with Us | About Us | Contact Us |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
write a RESPA letter and send it to the office of the president for Ameriquest, also ask for the contact info for their compliance officer send him a copy of the letter also, he has a fax number..

Keep Good records, if you send them a RESPA letter they have 20 days to answer and 60 days to resolve, if they don't they can be in breach of contract.

Good Luck

THIS IS FROM THE HUD WEB SITE

Mortgage Servicing Fraud

Homes are being stolen, families degraded by unscrupulous servicing companies. A few cases have come to trial only to be settled with a miserable amount to the victims.

As a result of these settlements, e.g. Fairbanks, the records are sealed, victims have not received full restitution, and the end result victims are bound to silence.

The worst part is the company is allowed to continue its so-called amended practices.

This is a SLAP IN THE FACE for the American public. Why is there no justice for these victims of servicing fraud?

There is much more to be done. Legislation has been enacted for anti-predatory laws in various states. There is a greater issue that of Predatory Servicing and their fiduciary responsibilities.

Gone are the days when you would go to your local bank and get a mortgage for a new home and know that they would service and maintain your account. Instead they sell the servicing rights to others, companies such as Litton Loan Servicing, Ocwen Federal, EMC, and so many more.

Anyone remember the Household Finance Class action, still in business and many victims still devastated. Now they continue business with a parent company, named HSBC.

There is justice: A Legal Remedy

Are you a victim of Predatory Lending or Mortgage Fraud?...

Is your Bank or Mortgage Lender trying to Foreclose?

Are you unable to Refinance your Mortgage?

You may be a victim of Predatory Lending Practices...

90% of mortgage loans closed in the last 10 years have an average of 31 violations.

If you are a victim of predatory lending practices, for every violation, there is a Mandatory Federal penalty of $2,000.00 for each violation under the respected law that was violated. Where TITLE violations are involved, there is a very strong and real possibility that the homeowner could receive a clear title re-conveyed into their hands.

Find out more about how your Bank may have violated the Truth in Lending Act and violations that may be in your in your closing documents...

Continue: Origination of the Loan

Page |2|3|4|5|6|

Our mission is to educate homeowners about predatory lending practices and bank fraud and options available to them.

We believe that if you don't know your rights, you don't know your options.


| Home | Articles | Foreclosure Help | Legal Disclaimer |

| Case Law | Legal Resources| Resources | Privacy Policy |

| Advertise with Us | About Us | Contact Us |
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
write a RESPA letter and send it to the office of the president for Ameriquest, also ask for the contact info for their compliance officer send him a copy of the letter also, he has a fax number..

Keep Good records, if you send them a RESPA letter they have 20 days to answer and 60 days to resolve, if they don't they can be in breach of contract.

Good Luck

Gene I read your statement on Bankruptcy, What happens to all the people in private lawsuites, will this hurt their cases with Ameriquest?
Kay

I am glad to hear you have 2 different appraisals. Now you need to get the name of the appraiser that Ameriquest sent out.

Secondly, try to get a copy of your original APPLICATION you filed, and see if your wages have been altered.

Thirdly, I would compare the documents you signed against the ones that were on file at Ameriquest.

Like I said in the last message, Ameriquest has filed for bankruptcy. I would hurry if I were you and round up or request these documents now instead of later.

I will look up the investigative officer at Ameriquest and post his name tommorrow, and I hope you can convince him you were defrauded.

Hang in there.

I am glad to hear you have 2 different appraisals. Now you need to get the name of the appraiser that Ameriquest sent out.

Secondly, try to get a copy of your original APPLICATION you filed, and see if your wages have been altered.

Thirdly, I would compare the documents you signed against the ones that were on file at Ameriquest.

Like I said in the last message, Ameriquest has filed for bankruptcy. I would hurry if I were you and round up or request these documents now instead of later.

I will look up the investigative officer at Ameriquest and post his name tommorrow, and I hope you can convince him you were defrauded.

Hang in there.

I am glad to hear you have 2 different appraisals. Now you need to get the name of the appraiser that Ameriquest sent out.

Secondly, try to get a copy of your original APPLICATION you filed, and see if your wages have been altered.

Thirdly, I would compare the documents you signed against the ones that were on file at Ameriquest.

Like I said in the last message, Ameriquest has filed for bankruptcy. I would hurry if I were you and round up or request these documents now instead of later.

I will look up the investigative officer at Ameriquest and post his name tommorrow, and I hope you can convince him you were defrauded.

Hang in there.

I am glad to hear you have 2 different appraisals. Now you need to get the name of the appraiser that Ameriquest sent out.

Secondly, try to get a copy of your original APPLICATION you filed, and see if your wages have been altered.

Thirdly, I would compare the documents you signed against the ones that were on file at Ameriquest.

Like I said in the last message, Ameriquest has filed for bankruptcy. I would hurry if I were you and round up or request these documents now instead of later.

I will look up the investigative officer at Ameriquest and post his name tommorrow, and I hope you can convince him you were defrauded.

Hang in there.

Yes, I now have the original appraisal, and the one that we just had done last month. What a difference!! I put another call into them last week, and was told that they will call me back this week. We'll see! Who was the person who was finally able to help you out?? I wrote down a phone # for Bill Cook, and an e-mail address for James Anderson. (from this blog, I believe) Was it either one of them who helped you?? At this point, I am ready to talk to anyone and everyone...as far as I need to go...to get this resolved!!!!
Thanks again.

I feel for you, and I can believe they over appraised your house. It is a way to lock you in, and keep anyone else from being able to meet thier price tag. Nobody is going to refinance a house that is over appraised by that amount.
I would suggest you request a copy of your " first" appraisal, and then request your " second" one, and compare them.
If you do have a first, which I suspect you do, then you have enough for someone to take a hard look at.
Time is probably not on your side right now, so I would do whatever it takes to stall for time. Bog them down with legal proceedings like I did. This will buy you a month or more to get your papers rounded up.
In the meantime, I will make a couple of calls to Ameriquest and see if I can find the person who helped me. Hang in there and good luck.

Gene

As for comments being neither positive or constructive, you should go back and read your own. You have put people down when you know absolutely NOTHING of their situation. I have never commented negatively on another's sad experience with this rotten company. Yes, I have responded negatively on comments such as you make because they were unneccessary, uncaring and hateful.

I sincerely doubt you have offered any money for any victim of Ameriquest. If you have, why don't you offer us proof of this. I can't believe there were no "takers" as you say. There are people on here begging for help so I find it highly suspicious that no one took you up on your so called offer.

I have read many of your comments and have found no solutions OR good intentions from either you or Beth. You say you go to church? Well, I firmly believe there are good people who go to church and are firm christians. But I also believe there are people who claim they attend church who are just a bunch of hypocrites which is what I think of you. You may love your neighbor but you have absolutely NO compassion for the poor individuals here who, unfortunately, fell prey to Ameriquest's unethical and fraudulent practices.

So, next time, before you post your ignorant comments, take the time to practice what you preach. Have a little compassion and understanding if you are capable.

We are also in a similar situation with Ameriquest. Our house was over appraised by $50K+, we have a 2 yr fixed then adjustable and were told we could refinance back to a fixed 15 yr mortgage within 2 yrs. We recently found out that we can not refiance because of the original appraisal. Also, Ameriquest forced us into an escrow. The office of the president originally told us they would take 80% of the homes real value as a settlement, then recinded that offer within a week. Now they say they are in the process of meeting and deciding what they are going to do.... Any help, and any contact information for the right person to talk to at Ameriquest would be GREATLY appreciated. Yes, we are also in the process of speaking to lawyers as well. Thanks.

I havent been on for awhile, but after seeing some comments lately , I figured I would come back in and share some news.

I was speaking to a mortgage outfit today, and when I mentioned Ameriquest , he said they were a sh***y bunch, which could explain why they filed for BANKRUPTCY . Yeah, you heard it here. I dont know if it is chapter 7, or chapter 11 to protect thier assets. I will look further into it.

This info may help someone, I hope.

Later,

I havent been on for awhile, but after seeing some comments lately , I figured I would come back in and share some news.

I was speaking to a mortgage outfit today, and when I mentioned Ameriquest , he said they were a sh***y bunch, which could explain why they filed for BANKRUPTCY . Yeah, you heard it here. I dont know if it is chapter 7, or chapter 11 to protect thier assets. I will look further into it.

This info may help someone, I hope.

Later,

I havent been on for awhile, but after seeing some comments lately , I figured I would come back in and share some news.

I was speaking to a mortgage outfit today, and when I mentioned Ameriquest , he said they were a sh***y bunch, which could explain why they filed for BANKRUPTCY . Yeah, you heard it here. I dont know if it is chapter 7, or chapter 11 to protect thier assets. I will look further into it.

This info may help someone, I hope.

Later,

I havent been on for awhile, but after seeing some comments lately , I figured I would come back in and share some news.

I was speaking to a mortgage outfit today, and when I mentioned Ameriquest , he said they were a sh***y bunch, which could explain why they filed for BANKRUPTCY . Yeah, you heard it here. I dont know if it is chapter 7, or chapter 11 to protect thier assets. I will look further into it.

This info may help someone, I hope.

Later,

Thank you for your kind words, sincere concern, encouraging attitude and kindred wisdom as a reponse to find a solution. Your comments on this thread are neither positive or constructive. Attack me...I don't care. I have offered my "suggestions" for the past year and even offered my own money to start a not-for-profit to aid "victims" of Amrqst. There were no takers! I put my own money and foot where my mouth is and no one stepped up! Think what you want about Beth and myself... we offered solutions and were attacked for our good intentions. I have nothing to hide. I pay my bills. Go to church. Love thy neighbor and try to help... but I just realized, you can't help everyone.

Whatever ..... you have got to be a rep from this wretched company because you sound just like them. Ignorant and full of yourself.

You don't know me and you don't know any of the other screwed customers that have responded. So where do you get off making stupid, idiotic comments like you have. You and Samantha belong together because neither one of you have any compassion for others who have suffered at the hands of Ameriscum due to some kind of hardship. Believe me, you both will most likely experience some kind of hardship or difficulty and will feel the same as AMQ's screwed customers.

Think before you rudely comment to people's stories on here if you are able to think rationally which I seriously doubt. And don't comment at all if you have nothing of value to add which neither of you have done.

Good luck to both of you because you sure need it.

They sheriff saled my house and i didnt even know it. i need help

I have to say, I've read almost entirely through this whole thread and it took me an hour. I read through it cause, as a soon to be first time home buyer with poor credit, I thought it necessary to "educate myself" as much as possible. With a 5 month old, I don't have time to take classes. And in my opinion, I think in order to be as knowledgable as you should be when buying a home, you need to be informed as a mortgage broker, real estate agent, property assessor..and a host of about 30 other titles of person necessary when mortgaging a home. Not to mention forking over the entirety of my down payment as well as taking student loans to pay for such classes. The reason there are SOOO many people in this process is because there is too much information for any one person to be entirely knowledgable about the whole process. It's disturbing how complex mortgaging has been. I was earlier disturbed when I realized my mortgage would likely be giving me my lending bank 250% of what the actual loan amount would be, in my particular case.

I am thankful for the info provided, I now know what a sub prime lender is and what to watch out for. Not all the Mae's in the world could be as specifc as this thread. I think a large portion of the problem in this is the economy. It's damanged beyond repair and carefully covered up. We are at a point where it's not even close to possible to buy a car or home without financing through a bank. That should throw up a red light. Our economy is soo poor we need to finance everything. The house always wins. The banks ALWAYS make money and they have carefully determined ways to rip people off. After having my NEW bank delay an instate PAYCHECK for soo long, then the bank issuing the check marking the checks as bad, inaccurately, I am a true believer. My bank account was locked. Since it was a new checking, the account was small. My paycheck went in, was pending for nearly 9 days and the check issuing bank retracted the checks. The retraction went through before the checks posted to my account locking my account in a negative balance cause there wasn't enough funds to cover the paycheck. My company issued the paycheck again the very next day and I cashed it for cash. I'm now faced with $120 in overdraft charges which my company has offered to pay since it's not clear who's bank made the error. Either way, they raped me. The made money off of me FOR NOTHING. I did nothing wrong. Put my check in the bank. That's it. I thought I was supposed to do that.

Having said that, I believe that Amerishyte and all these other banks are undoubtedly in business to make money and as fairly and crookedly as possible. They prey on people who have no knowledge, poor credit, and low income. I feel the frustration you have over having a problem that is entirely out of your hands and NO WAY to resolve it, simply because the rules of the institution you are involved in say SO. And you get a cocky, arrogant, underpaid customer service employee to tell you so without missing a breath in her script she possibly doesn't even understand. It makes you feel helpless. Gene, kudos for refusing to be helpless, getting to the place of the error and doing what you needed to not only right yourself but help others who have undoubtedly felt the same frustration. I only want to know how many phones you threw at the wall when contacting these people. I am sincerely thankful that this info is posted, not so obviuosly, for my better. As for those who have un necessarily and hastily harrassed Gene for only trying to offer help with this awful situation, you're wrong. Not your facts, your MO. It's great that you too would want to help people by offering other alternatives, but some of these alternatives leave you out of control and dependent on "experts" that through your file into a pile of similar complaints but made by the rest of us plain folk. The attacks made on individuals here shouldn't be here. The facts posted and info, whether accurate or slightly off, should be. If someone is on this thread to get info they are likely smart enough to do research themselves into the info posted for accuracy and updates. Thanks to the wonderful WWW we have the ability to do so in seconds.

Whether your issue stated within this thread is just from sheer financial nonsense during a re/fi or from a tragedy none could foresee, it's clear there is a problem within the system. I don't see any relief in sight since ALL processes are drawn out far longer than necessary. However, these threads, this information posted here shows freedom of speech and goes out to those who need it and seek it. Wish me luck on my first purchase. One bit of information I don't think was made clear enough was that you can get an appraisal from a real estate agent for free, often, when attempting to place on the market. I think that's a good idea. There is also a site called zillow dot com. It doesn't cover all areas but does give you an approximate property value assessment. It's good when buying as well. Kinda like carfax.

In closing to my incredibly long posting, KUDOS to Gene for starting this. Whether his motive was his own revenge, which it doesn't seem so, or his intentions were honorable, he still did something here, something important. Shame on those of you who in your frustration, displaced your anger on someone/s trying to help you. We have to battle these large companies enough, let's not have our own civil war. And I know a lot of you went through hell is this horrible system to get this information out here. It may not feel like it, but it's worth it to people like me who are now informed and I only hope that should I stumble onto hard times and unforseen battles, I can inform myself as much as you all have and seek the answers, not be lazy and get the issue fixed and then be so kind as to throw my hard earned knowledge out there so easily to better our society and educate others of my plight!!

Well I'm still here, I have been in settlement talks with ameriquest for over a year now, they have not offered an amount that would cover the damages and the expenses.

I fired my attorney because he was not doing his job, I'm waiting on my file right now.

I quit making payments to ameriquest this past February 2006 if the can't answer any question or give me any of the documents I have asked for then I wont give them anymore of my money.

since being at the rental my mom has fallen and broke her hip and had to have surgery, she laid in the yard in pain for an hour till we got back and found her.

in march I was told by ameriquest attorneys that if I don't settle for what they are offering and drive 300 miles to do so, that they the attorneys and or ameriquest would not settle with 19 others that they were suppose to settle with the week of March 17, 2006 in Tampa Florida.
I was told that one young mother had small children and was close to being homeless soon.

I told my attorney, that if the others new what ameriquest has done to us that they would most likely stand by me, I feel for the others but I wont settle for less then what they owe me, and they would not put the last offer in writing, so they can take a flying leap.

I would like to find the other 19 people that were contacted about the settlements in Tampa Florida in March 2006 that were canceled, I would like to know if they ever rescheduled the settlements? if you are one of the one's I'm talking about please find me on the mortgage servicing fraud forum, or at markie8611 at aol dot com. I'm on the forum as Me 2

I would like to say hi to Gene, Kathleen, and thanks Ken for your attorneys info.

To Everyone Keep up the FIGHT and Good luck! :o)

Thank You, Beth!

Just working late tonight and for some reason, I guess because I care, decided to drop in on this thread to see what, if anything, has been resolved.

As of 5/02/06, Ameriquest has consolidated many branches in order to centralize (and probably) control their operations. 229 branches were closed as well as 3,800 people were laid off. All in the name of reform and cutting costs.

It has been widely reported both locally and nationally that Ameriquest has been fined heavily, put on "watch" and has been disaplined federally and financially.

As I posted in previous threads, the blame is not solely on the lender... what about the title companies, the lawyers, the appraisers.

I only encourage you all to explore all of those who touched, felt, saw, delivered, signed and even printed your documents. Leave "no stone unturned!"

If anyone cares to respond, I can only offer my help now that Ameriquest and the "rules" have changed.

If I were you, I would walk away from ameriquest if you can, and chalk it up to a lesson learned. from now on, check out who you are borrowing from, and always make copies of everything. dont take a loss or anything, but if you can walk away without any harm done, do it. I would still stay on the ttorney General though, to perhaps save another person from your experience.

Gene

Samantha, don't waste your keystrokes. You cannot tell these people a thing or give them a shred of advice. They take it as an insult. Furthermore, they're only reading the parts of your post that they want to read instead of the whole thing. Just like they do at their closings!!

They SHOULD be sucking up every shred of good, HONEST advice that's offered to them (free of charge no less) but instead they attack you for telling them the truth.

Further proof that they will forever be victims to the liars and thieves like Ameriquest. You should tell them what they want to hear instead. That's why Ameriquest is so successful. They tell them what they want to hear and the company is worth billions.

Gene to make a long story short, 9 days after we closed, we went to pick up our check, and it was 5400 short, I told them I was cancelling, when i did get my lo he told me i could not because my recission was over and the money had already been wired to the previous lender, PERIOD, nothing you can do he said,he said when the recission is over its a done deal, we argued he told me the laws, i thought he was telling the truth, so i called the presidents secretary she was rude and she said quote, if you can get our money back from your previous lender we will let you cancel, so i tried and then i found out he lied about the money bein wired that particular day, it was 2 days later.i still had my check, so i contacted the attorney general and the settlement they received was different than mine and it was not signed. I had the money of mine to give back, now i find out my appraisal is 25000 higher, and my appraisal is now where to be found, so i'am in the process of getting a attorney. im bein told my loan is void due to no signature on final closing statement, now ameriquest is saying its my fault, that i signed the first clsoing knowing it was wrong, so i guess im in a lawsuite with them now.is it worth it or should i just walk.

I am in the same boat as everyone else i live in holland mi and i have had not 1 but to appraisels in one day same guy first one was 100,000.00 and it wasnt enough according to the amerquest agent and he said let me call you back . Two hours later he calls and says 130,000.00 WOW.Everything else he promised me was all lies lies lies.I called the next day to ask him why i have a 1007.00 a month payment and not 725.00 why not a 30yr fixed and why are you charging me over 12000.00 of bs charges well i wanted to ask him but i could they said he got fired ? Now i smell a huge skunk!I have contacted an attorney and the attorney general and im working on this ever extra mintute i have and i wont let them screw me.Any one else with and good info pass it on i have a posting on here also .

I am in the same boat as everyone else i live in holland mi and i have had not 1 but to appraisels in one day same guy first one was 100,000.00 and it wasnt enough according to the amerquest agent and he said let me call you back . Two hours later he calls and says 130,000.00 WOW.Everything else he promised me was all lies lies lies.I called the next day to ask him why i have a 1007.00 a month payment and not 725.00 why not a 30yr fixed and why are you charging me over 12000.00 of bs charges well i wanted to ask him but i could they said he got fired ? Now i smell a huge skunk!I have contacted an attorney and the attorney general and im working on this ever extra mintute i have and i wont let them screw me.Any one else with and good info pass it on i have a posting on here also .

I am in the same boat as everyone else i live in holland mi and i have had not 1 but to appraisels in one day same guy first one was 100,000.00 and it wasnt enough according to the amerquest agent and he said let me call you back . Two hours later he calls and says 130,000.00 WOW.Everything else he promised me was all lies lies lies.I called the next day to ask him why i have a 1007.00 a month payment and not 725.00 why not a 30yr fixed and why are you charging me over 12000.00 of bs charges well i wanted to ask him but i could they said he got fired ? Now i smell a huge skunk!I have contacted an attorney and the attorney general and im working on this ever extra mintute i have and i wont let them screw me.Any one else with and good info pass it on i have a posting on here also .

I am in the same boat as everyone else i live in holland mi and i have had not 1 but to appraisels in one day same guy first one was 100,000.00 and it wasnt enough according to the amerquest agent and he said let me call you back . Two hours later he calls and says 130,000.00 WOW.Everything else he promised me was all lies lies lies.I called the next day to ask him why i have a 1007.00 a month payment and not 725.00 why not a 30yr fixed and why are you charging me over 12000.00 of bs charges well i wanted to ask him but i could they said he got fired ? Now i smell a huge skunk!I have contacted an attorney and the attorney general and im working on this ever extra mintute i have and i wont let them screw me.Any one else with and good info pass it on i have a posting on here also .

I read your letter, and I am a little confused. You are saying that your paperwork was changed after 7 days of signing the original paperwork?

How do you know this?

To end your concern right away, if you have the original paperwork with your signature on it, along with a notary publics stamp, and then you get different paperwork 7 days later, it would seem to me that you are not liable for the loan, since the other paperwork is not signed and notarized.

It has to be notarized for it to be legal, because by signing the paperwork, you are saying that you have read and understand the terms of the contract.

If you have recieved the money, and have spent it or a portion of it, you are in a little trouble, as you will have to pay it back.

Otherwise, gather your paperwork up, all of it, and make copies of it. Send a copy of it to Ameriquest, and another to your attorney general!

Tell Ameriquest what you have done, and I guarentee they will vanish out of your life.

Do all of us a favor though, don't drop it until you have hung every last person who tried to screw you!

Let me know what you decide, and if you can provide proof to nail these dirty scumbags to the wall.

Gene

I read your letter, and I am a little confused. You are saying that your paperwork was changed after 7 days of signing the original paperwork?

How do you know this?

To end your concern right away, if you have the original paperwork with your signature on it, along with a notary publics stamp, and then you get different paperwork 7 days later, it would seem to me that you are not liable for the loan, since the other paperwork is not signed and notarized.

It has to be notarized for it to be legal, because by signing the paperwork, you are saying that you have read and understand the terms of the contract.

If you have recieved the money, and have spent it or a portion of it, you are in a little trouble, as you will have to pay it back.

Otherwise, gather your paperwork up, all of it, and make copies of it. Send a copy of it to Ameriquest, and another to your attorney general!

Tell Ameriquest what you have done, and I guarentee they will vanish out of your life.

Do all of us a favor though, don't drop it until you have hung every last person who tried to screw you!

Let me know what you decide, and if you can provide proof to nail these dirty scumbags to the wall.

Gene

I read your letter, and I am a little confused. You are saying that your paperwork was changed after 7 days of signing the original paperwork?

How do you know this?

To end your concern right away, if you have the original paperwork with your signature on it, along with a notary publics stamp, and then you get different paperwork 7 days later, it would seem to me that you are not liable for the loan, since the other paperwork is not signed and notarized.

It has to be notarized for it to be legal, because by signing the paperwork, you are saying that you have read and understand the terms of the contract.

If you have recieved the money, and have spent it or a portion of it, you are in a little trouble, as you will have to pay it back.

Otherwise, gather your paperwork up, all of it, and make copies of it. Send a copy of it to Ameriquest, and another to your attorney general!

Tell Ameriquest what you have done, and I guarentee they will vanish out of your life.

Do all of us a favor though, don't drop it until you have hung every last person who tried to screw you!

Let me know what you decide, and if you can provide proof to nail these dirty scumbags to the wall.

Gene

I read your letter, and I am a little confused. You are saying that your paperwork was changed after 7 days of signing the original paperwork?

How do you know this?

To end your concern right away, if you have the original paperwork with your signature on it, along with a notary publics stamp, and then you get different paperwork 7 days later, it would seem to me that you are not liable for the loan, since the other paperwork is not signed and notarized.

It has to be notarized for it to be legal, because by signing the paperwork, you are saying that you have read and understand the terms of the contract.

If you have recieved the money, and have spent it or a portion of it, you are in a little trouble, as you will have to pay it back.

Otherwise, gather your paperwork up, all of it, and make copies of it. Send a copy of it to Ameriquest, and another to your attorney general!

Tell Ameriquest what you have done, and I guarentee they will vanish out of your life.

Do all of us a favor though, don't drop it until you have hung every last person who tried to screw you!

Let me know what you decide, and if you can provide proof to nail these dirty scumbags to the wall.

Gene

Gene after reading your statements, maybe you can help, I need facts on the laws. If your paper work is changed after your 7 day recission and you are not told and the changed paper is not signed. This happened to me 9 days after closing, then I was told I could not cancel
Kay

I got a good tip today from someone I will call a friend, and it is an email address of someone at Ameriquest who will probably help. It is James Anderson. His email is james_anderson@ameriquest.com .

Let me know if this helps. Hang in there.

Gene

Can you help me? I am going through foreclosure with Ameritheft and they didn't notify me or anything, now me and my four children is about to be homeless on November 18, I tried to send them money for the months I'm behind but they want an additional $3000.00 to get me out of foreclosure and they want a total of $ 5009.00 is there a lawyer or someone I could talk to anyone who could help me and my children? Rip-off Report will forward your info to me.

Yes, I have been working with the Attorney General for quite some time now. Ameriquest has responded to her letters with more lies. I was divorced last year and requested that Ameriquest remove my ex's name from the loan, that I would be solely responsible. They still have not done this. Ameriquest wrote that my ex and I were in possession of 2 vehicles, both of which were in arrears in payments. One of the vehicles was placed in a bankruptcy I had to file after the divorce (because he was an a*s and charged over $80,000 in credit debt which I could not pay) and the other was his ex-wife's vehicle that was never in my name and he had put in his ex's name 2 years prior.

Anyway, there has been a lot of letters and documentation from me to the Attorney General and from Ameriquest to the Attorney General. I have an appointment set up with her next Monday to go over the latest lies Ameriquest has written to her about.

I also turned them into the BBB. If you go research their record though, it doesn't look like Ameriquest is doing bad since they state only so many complaints have been made per so many customers.

I have also made 2 senators and 2 governors aware of what's going on but they instructed me to contact an attorney. But at least they know. Do they care? Who knows. Hopefully, they do.

There was a big class action suit here in Alabama against Ameriquest that I was a part of. I only received a judgement of $3,500 and the lawyer took most of it but I feel they have retaliated since. It wasn't worth it.

I have just contacted a radio station regarding their misconduct also. It's a popular talk show and, hopefully, they will research.

You are right about sticking together to get something done. Each of us, alone, will have a harder and longer battle but if we all team up, I believe we, the customers who have been taken advantage of, will win the war. I am willing to wait months or years, if it takes that long, to close Ameriquest's doors. It sickens me to read all the stories on this site of what they have done to their customers. I had no idea how many people they have abused. I felt my situation with them was horrible, well, I still do, but what they have done to others is unimaginable like the hurricane victims left with no insurance.....insurance Ameriquest was supposedly paying.

Thank you for responding and please keep in touch.

Good luck with your attorney.

Have you contacted an attorney or the attorney general, dept. of commerence or the BBB Bureau in your state. I have a call out to an attorney in MN. Hope I have some luck with him. What I don't understand is how a company can do what they have done and can still keep writing loans in this country.I fianally got them to call me today after I told them I was talking to a lawyer.I hope all of us that have been taken advantage of will stick together. Something needs to be done with a company like Ameriquest. They have destroyed alot of peoples lives and need to face up to the illegal predatory lending they practice.TM

Whatever you do, do not leave the house. They will claim abandonment on your part, and you will have no more legal options. You need to buy time, so what I suggest you do, if you havent already, is to refuse to leave the premises. Thier attorneys will have to take you to court to have you removed, legally. That will buy you some time to figure out how to get an attorney, plus you can save your money for rent in case you lose in court. I would bet they would work something out if it means keeping the paperwork away from the judge. Thats what they did with me. I no sooner left the courthouse when they called me to work something out so they would not have to go to trial.

Have you already been to court for the eviction notice? If not it should buy you at least 2 months. Let me know, Gene

I had the same problem you are having. I believe they cut all ties when your payments are late or they say they are late. I was not able to even get to my account through their website. I was "denied because of the status of my account". Sounds fishy to me.

Anyway, I called the 800-523-3964 corporate office and didn't put in a loan number. I hounded away until I finally got 2 names from the office of the president. They are James Brantley (same number above with extension 35216) and Virginia (extension 35108).

Hope this will help you. Don't get discouraged. Just keep on em. I know it is nerve racking, believe me, but we have to keep after them or they will run us all over!!!

Good luck!

S.256
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Engrossed as Agreed to or Passed by Senate)

-----------------------

SEC. 107. SCHEDULES OF REASONABLE AND NECESSARY EXPENSES.

For purposes of section 707(b) of title 11, United States Code, as amended by this Act, the Director of the Executive Office for United States Trustees shall, not later than 180 days after the date of enactment of this Act, issue schedules of reasonable and necessary administrative expenses of administering a chapter 13 plan for each judicial district of the United States.

TITLE II--ENHANCED CONSUMER PROTECTION

Subtitle A--Penalties for Abusive Creditor Practices

SEC. 201. PROMOTION OF ALTERNATIVE DISPUTE RESOLUTION.

(a) REDUCTION OF CLAIM- Section 502 of title 11, United States Code, is amended by adding at the end the following:

'(k)(1) The court, on the motion of the debtor and after a hearing, may reduce a claim filed under this section based in whole on an unsecured consumer debt by not more than 20 percent of the claim, if--

'(A) the claim was filed by a creditor who unreasonably refused to negotiate a reasonable alternative repayment schedule proposed on behalf of the debtor by an approved nonprofit budget and credit counseling agency described in section 111;

'(B) the offer of the debtor under subparagraph (A)--

'(i) was made at least 60 days before the date of the filing of the petition; and

'(ii) provided for payment of at least 60 percent of the amount of the debt over a period not to exceed the repayment period of the loan, or a reasonable extension thereof; and

'(C) no part of the debt under the alternative repayment schedule is nondischargeable.

'(2) The debtor shall have the burden of proving, by clear and convincing evidence, that--

'(A) the creditor unreasonably refused to consider the debtor's proposal; and

'(B) the proposed alternative repayment schedule was made prior to expiration of the 60-day period specified in paragraph (1)(B)(i).'.

(b) LIMITATION ON AVOIDABILITY- Section 547 of title 11, United States Code, is amended by adding at the end the following:

'(h) The trustee may not avoid a transfer if such transfer was made as a part of an alternative repayment schedule between the debtor and any creditor of the debtor created by an approved nonprofit budget and credit counseling agency.'.

SEC. 202. EFFECT OF DISCHARGE.

Section 524 of title 11, United States Code, is amended by adding at the end the following:

'(i) The willful failure of a creditor to credit payments received under a plan confirmed under this title, unless the order confirming the plan is revoked, the plan is in default, or the creditor has not received payments required to be made under the plan in the manner required by the plan (including crediting the amounts required under the plan), shall constitute a violation of an injunction under subsection (a)(2) if the act of the creditor to collect and failure to credit payments in the manner required by the plan caused material injury to the debtor.

'(j) Subsection (a)(2) does not operate as an injunction against an act by a creditor that is the holder of a secured claim, if--

'(1) such creditor retains a security interest in real property that is the principal residence of the debtor;

'(2) such act is in the ordinary course of business between the creditor and the debtor; and

'(3) such act is limited to seeking or obtaining periodic payments associated with a valid security interest in lieu of pursuit of in rem relief to enforce the lien.'.

SEC. 203. DISCOURAGING ABUSE OF REAFFIRMATION AGREEMENT PRACTICES.

(a) IN GENERAL- Section 524 of title 11, United States Code, as amended section 202, is amended--

(1) in subsection (c), by striking paragraph (2) and inserting the following:

'(2) the debtor received the disclosures described in subsection (k) at or before the time at which the debtor signed the agreement;'; and

(2) by adding at the end the following:

'(k)(1) The disclosures required under subsection (c)(2) shall consist of the disclosure statement described in paragraph (3), completed as required in that paragraph, together with the agreement specified in subsection (c), statement, declaration, motion and order described, respectively, in paragraphs (4) through (8), and shall be the only disclosures required in connection with entering into such agreement.

'(2) Disclosures made under paragraph (1) shall be made clearly and conspicuously and in writing. The terms 'Amount Reaffirmed' and 'Annual Percentage Rate' shall be disclosed more conspicuously than other terms, data or information provided in connection with this disclosure, except that the phrases 'Before agreeing to reaffirm a debt, review these important disclosures' and 'Summary of Reaffirmation Agreement' may be equally conspicuous. Disclosures may be made in a different order and may use terminology different from that set forth in paragraphs (2) through (8), except that the terms 'Amount Reaffirmed' and 'Annual Percentage Rate' must be used where indicated.

'(3) The disclosure statement required under this paragraph shall consist of the following:

'(A) The statement: 'Part A: Before agreeing to reaffirm a debt, review these important disclosures:';

'(B) Under the heading 'Summary of Reaffirmation Agreement', the statement: 'This Summary is made pursuant to the requirements of the Bankruptcy Code';

'(C) The 'Amount Reaffirmed', using that term, which shall be--

'(i) the total amount of debt that the debtor agrees to reaffirm by entering into an agreement of the kind specified in subsection (c), and

'(ii) the total of any fees and costs accrued as of the date of the disclosure statement, related to such total amount.

'(D) In conjunction with the disclosure of the 'Amount Reaffirmed', the statements--

'(i) 'The amount of debt you have agreed to reaffirm'; and

'(ii) 'Your credit agreement may obligate you to pay additional amounts which may come due after the date of this disclosure. Consult your credit agreement.'.

'(E) The 'Annual Percentage Rate', using that term, which shall be disclosed as--

'(i) if, at the time the petition is filed, the debt is an extension of credit under an open end credit plan, as the terms 'credit' and 'open end credit plan' are defined in section 103 of the Truth in Lending Act, then--

'(I) the annual percentage rate determined under paragraphs (5) and (6) of section 127(b) of the Truth in Lending Act, as applicable, as disclosed to the debtor in the most recent periodic statement prior to entering into an agreement of the kind specified in subsection (c) or, if no such periodic statement has been given to the debtor during the prior 6 months, the annual percentage rate as it would have been so disclosed at the time the disclosure statement is given to the debtor, or to the extent this annual percentage rate is not readily available or not applicable, then

'(II) the simple interest rate applicable to the amount reaffirmed as of the date the disclosure statement is given to the debtor, or if different simple interest rates apply to different balances, the simple interest rate applicable to each such balance, identifying the amount of each such balance included in the amount reaffirmed, or

'(III) if the entity making the disclosure elects, to disclose the annual percentage rate under subclause (I) and the simple interest rate under subclause (II); or

'(ii) if, at the time the petition is filed, the debt is an extension of credit other than under an open end credit plan, as the terms 'credit' and 'open end credit plan' are defined in section 103 of the Truth in Lending Act, then--

'(I) the annual percentage rate under section 128(a)(4) of the Truth in Lending Act, as disclosed to the debtor in the most recent disclosure statement given to the debtor prior to the entering into an agreement of the kind specified in subsection (c) with respect to the debt, or, if no such disclosure statement was given to the debtor, the annual percentage rate as it would have been so disclosed at the time the disclosure statement is given to the debtor, or to the extent this annual percentage rate is not readily available or not applicable, then

'(II) the simple interest rate applicable to the amount reaffirmed as of the date the disclosure statement is given to the debtor, or if different simple interest rates apply to different balances, the simple interest rate applicable to each such balance, identifying the amount of such balance included in the amount reaffirmed, or

'(III) if the entity making the disclosure elects, to disclose the annual percentage rate under (I) and the simple interest rate under (II).

'(F) If the underlying debt transaction was disclosed as a variable rate transaction on the most recent disclosure given under the Truth in Lending Act, by stating 'The interest rate on your loan may be a variable interest rate which changes from time to time, so that the annual percentage rate disclosed here may be higher or lower.'.

'(G) If the debt is secured by a security interest which has not been waived in whole or in part or determined to be void by a final order of the court at the time of the disclosure, by disclosing that a security interest or lien in goods or property is asserted over some or all of the debts the debtor is reaffirming and listing the items and their original purchase price that are subject to the asserted security interest, or if not a purchase-money security interest then listing by items or types and the original amount of the loan.

'(H) At the election of the creditor, a statement of the repayment schedule using 1 or a combination of the following--

'(i) by making the statement: 'Your first payment in the amount of $XXX is due on XXX but the future payment amount may be different. Consult your reaffirmation agreement or credit agreement, as applicable.', and stating the amount of the first payment and the due date of that payment in the places provided;

'(ii) by making the statement: 'Your payment schedule will be:', and describing the repayment schedule with the number, amount, and due dates or period of payments scheduled to repay the debts reaffirmed to the extent then known by the disclosing party; or

'(iii) by describing the debtor's repayment obligations with reasonable specificity to the extent then known by the disclosing party.

'(I) The following statement: 'Note: When this disclosure refers to what a creditor 'may' do, it does not use the word 'may' to give the creditor specific permission. The word 'may' is used to tell you what might occur if the law permits the creditor to take the action. If you have questions about your reaffirming a debt or what the law requires, consult with the attorney who helped you negotiate this agreement reaffirming a debt. If you don't have an attorney helping you, the judge will explain the effect of your reaffirming a debt when the hearing on the reaffirmation agreement is held.'.

'(J)(i) The following additional statements:

'Reaffirming a debt is a serious financial decision. The law requires you to take certain steps to make sure the decision is in your best interest. If these steps are not completed, the reaffirmation agreement is not effective, even though you have signed it.

'1. Read the disclosures in this Part A carefully. Consider the decision to reaffirm carefully. Then, if you want to reaffirm, sign the reaffirmation agreement in Part B (or you may use a separate agreement you and your creditor agree on).

'2. Complete and sign Part D and be sure you can afford to make the payments you are agreeing to make and have received a copy of the disclosure statement and a completed and signed reaffirmation agreement.

'3. If you were represented by an attorney during the negotiation of your reaffirmation agreement, the attorney must have signed the certification in Part C.

'4. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, you must have completed and signed Part E.

'5. The original of this disclosure must be filed with the court by you or your creditor. If a separate reaffirmation agreement (other than the one in Part B) has been signed, it must be attached.

'6. If you were represented by an attorney during the negotiation of your reaffirmation agreement, your reaffirmation agreement becomes effective upon filing with the court unless the reaffirmation is presumed to be an undue hardship as explained in Part D.

'7. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, it will not be effective unless the court approves it. The court will notify you of the hearing on your reaffirmation agreement. You must attend this hearing in bankruptcy court where the judge will review your reaffirmation agreement. The bankruptcy court must approve your reaffirmation agreement as consistent with your best interests, except that no court approval is required if your reaffirmation agreement is for a consumer debt secured by a mortgage , deed of trust, security deed, or other lien on your real property, like your home.

'Your right to rescind (cancel) your reaffirmation agreement. You may rescind (cancel) your reaffirmation agreement at any time before the bankruptcy court enters a discharge order, or before the expiration of the 60-day period that begins on the date your reaffirmation agreement is filed with the court, whichever occurs later. To rescind (cancel) your reaffirmation agreement, you must notify the creditor that your reaffirmation agreement is rescinded (or canceled).

'What are your obligations if you reaffirm the debt? A reaffirmed debt remains your personal legal obligation. It is not discharged in your bankruptcy case. That means that if you default on your reaffirmed debt after your bankruptcy case is over, your creditor may be able to take your property or your wages. Otherwise, your obligations will be determined by the reaffirmation agreement which may have changed the terms of the original agreement. For example, if you are reaffirming an open end credit agreement, the creditor may be permitted by that agreement or applicable law to change the terms of that agreement in the future under certain conditions.

'Are you required to enter into a reaffirmation agreement by any law? No, you are not required to reaffirm a debt by any law. Only agree to reaffirm a debt if it is in your best interest. Be sure you can afford the payments you agree to make.

'What if your creditor has a security interest or lien? Your bankruptcy discharge does not eliminate any lien on your property. A 'lien' is often referred to as a security interest, deed of trust, mortgage or security deed. Even if you do not reaffirm and your personal liability on the debt is discharged, because of the lien your creditor may still have the right to take the security property if you do not pay the debt or default on it. If the lien is on an item of personal property that is exempt under your State's law or that the trustee has abandoned, you may be able to redeem the item rather than reaffirm the debt. To redeem, you make a single payment to the creditor equal to the current value of the security property, as agreed by the parties or determined by the court.'.

'(ii) In the case of a reaffirmation under subsection (m)(2), numbered paragraph 6 in the disclosures required by clause (i) of this subparagraph shall read as follows:

'6. If you were represented by an attorney during the negotiation of your reaffirmation agreement, your reaffirmation agreement becomes effective upon filing with the court.'.

'(4) The form of such agreement required under this paragraph shall consist of the following:

'Part B: Reaffirmation Agreement. I (we) agree to reaffirm the debts arising under the credit agreement described below.

'Brief description of credit agreement:

'Description of any changes to the credit agreement made as part of this reaffirmation agreement:

'Signature: Date:

'Borrower:

'Co-borrower, if also reaffirming these debts:

'Accepted by creditor:

'Date of creditor acceptance:'.

'(5) The declaration shall consist of the following:

'(A) The following certification:

'Part C: Certification by Debtor's Attorney (If Any).

'I hereby certify that (1) this agreement represents a fully informed and voluntary agreement by the debtor; (2) this agreement does not impose an undue hardship on the debtor or any dependent of the debtor; and (3) I have fully advised the debtor of the legal effect and consequences of this agreement and any default under this agreement.

'Signature of Debtor's Attorney: Date:'.

'(B) If a presumption of undue hardship has been established with respect to such agreement, such certification shall state that in the opinion of the attorney, the debtor is able to make the payment.

'(C) In the case of a reaffirmation agreement under subsection (m)(2), subparagraph (B) is not applicable.

'(6)(A) The statement in support of such agreement, which the debtor shall sign and date prior to filing with the court, shall consist of the following:

'Part D: Debtor's Statement in Support of Reaffirmation Agreement.

'1. I believe this reaffirmation agreement will not impose an undue hardship on my dependents or me. I can afford to make the payments on the reaffirmed debt because my monthly income (take home pay plus any other income received) is $XXX, and my actual current monthly expenses including monthly payments on post-bankruptcy debt and other reaffirmation agreements total $XXX, leaving $XXX to make the required payments on this reaffirmed debt. I understand that if my income less my monthly expenses does not leave enough to make the payments, this reaffirmation agreement is presumed to be an undue hardship on me and must be reviewed by the court. However, this presumption may be overcome if I explain to the satisfaction of the court how I can afford to make the payments here: XXX.

'2. I received a copy of the Reaffirmation Disclosure Statement in Part A and a completed and signed reaffirmation agreement.'.

'(B) Where the debtor is represented by an attorney and is reaffirming a debt owed to a creditor defined in section 19(b)(1)(A)(iv) of the Federal Reserve Act, the statement of support of the reaffirmation agreement, which the debtor shall sign and date prior to filing with the court, shall consist of the following:

__________________________________________

look up RESPA TILA HOPEPA Laws.

Keep good records name of everyone you talk to dates.

make them play by the RULES!

if you could get to the - websitetoolbox we could help you more from there...

S.256
Bankruptcy Abuse Prevention and Consumer Protection Act of 2005 (Engrossed as Agreed to or Passed by Senate)

-----------------------

SEC. 107. SCHEDULES OF REASONABLE AND NECESSARY EXPENSES.

For purposes of section 707(b) of title 11, United States Code, as amended by this Act, the Director of the Executive Office for United States Trustees shall, not later than 180 days after the date of enactment of this Act, issue schedules of reasonable and necessary administrative expenses of administering a chapter 13 plan for each judicial district of the United States.

TITLE II--ENHANCED CONSUMER PROTECTION

Subtitle A--Penalties for Abusive Creditor Practices

SEC. 201. PROMOTION OF ALTERNATIVE DISPUTE RESOLUTION.

(a) REDUCTION OF CLAIM- Section 502 of title 11, United States Code, is amended by adding at the end the following:

'(k)(1) The court, on the motion of the debtor and after a hearing, may reduce a claim filed under this section based in whole on an unsecured consumer debt by not more than 20 percent of the claim, if--

'(A) the claim was filed by a creditor who unreasonably refused to negotiate a reasonable alternative repayment schedule proposed on behalf of the debtor by an approved nonprofit budget and credit counseling agency described in section 111;

'(B) the offer of the debtor under subparagraph (A)--

'(i) was made at least 60 days before the date of the filing of the petition; and

'(ii) provided for payment of at least 60 percent of the amount of the debt over a period not to exceed the repayment period of the loan, or a reasonable extension thereof; and

'(C) no part of the debt under the alternative repayment schedule is nondischargeable.

'(2) The debtor shall have the burden of proving, by clear and convincing evidence, that--

'(A) the creditor unreasonably refused to consider the debtor's proposal; and

'(B) the proposed alternative repayment schedule was made prior to expiration of the 60-day period specified in paragraph (1)(B)(i).'.

(b) LIMITATION ON AVOIDABILITY- Section 547 of title 11, United States Code, is amended by adding at the end the following:

'(h) The trustee may not avoid a transfer if such transfer was made as a part of an alternative repayment schedule between the debtor and any creditor of the debtor created by an approved nonprofit budget and credit counseling agency.'.

SEC. 202. EFFECT OF DISCHARGE.

Section 524 of title 11, United States Code, is amended by adding at the end the following:

'(i) The willful failure of a creditor to credit payments received under a plan confirmed under this title, unless the order confirming the plan is revoked, the plan is in default, or the creditor has not received payments required to be made under the plan in the manner required by the plan (including crediting the amounts required under the plan), shall constitute a violation of an injunction under subsection (a)(2) if the act of the creditor to collect and failure to credit payments in the manner required by the plan caused material injury to the debtor.

'(j) Subsection (a)(2) does not operate as an injunction against an act by a creditor that is the holder of a secured claim, if--

'(1) such creditor retains a security interest in real property that is the principal residence of the debtor;

'(2) such act is in the ordinary course of business between the creditor and the debtor; and

'(3) such act is limited to seeking or obtaining periodic payments associated with a valid security interest in lieu of pursuit of in rem relief to enforce the lien.'.

SEC. 203. DISCOURAGING ABUSE OF REAFFIRMATION AGREEMENT PRACTICES.

(a) IN GENERAL- Section 524 of title 11, United States Code, as amended section 202, is amended--

(1) in subsection (c), by striking paragraph (2) and inserting the following:

'(2) the debtor received the disclosures described in subsection (k) at or before the time at which the debtor signed the agreement;'; and

(2) by adding at the end the following:

'(k)(1) The disclosures required under subsection (c)(2) shall consist of the disclosure statement described in paragraph (3), completed as required in that paragraph, together with the agreement specified in subsection (c), statement, declaration, motion and order described, respectively, in paragraphs (4) through (8), and shall be the only disclosures required in connection with entering into such agreement.

'(2) Disclosures made under paragraph (1) shall be made clearly and conspicuously and in writing. The terms 'Amount Reaffirmed' and 'Annual Percentage Rate' shall be disclosed more conspicuously than other terms, data or information provided in connection with this disclosure, except that the phrases 'Before agreeing to reaffirm a debt, review these important disclosures' and 'Summary of Reaffirmation Agreement' may be equally conspicuous. Disclosures may be made in a different order and may use terminology different from that set forth in paragraphs (2) through (8), except that the terms 'Amount Reaffirmed' and 'Annual Percentage Rate' must be used where indicated.

'(3) The disclosure statement required under this paragraph shall consist of the following:

'(A) The statement: 'Part A: Before agreeing to reaffirm a debt, review these important disclosures:';

'(B) Under the heading 'Summary of Reaffirmation Agreement', the statement: 'This Summary is made pursuant to the requirements of the Bankruptcy Code';

'(C) The 'Amount Reaffirmed', using that term, which shall be--

'(i) the total amount of debt that the debtor agrees to reaffirm by entering into an agreement of the kind specified in subsection (c), and

'(ii) the total of any fees and costs accrued as of the date of the disclosure statement, related to such total amount.

'(D) In conjunction with the disclosure of the 'Amount Reaffirmed', the statements--

'(i) 'The amount of debt you have agreed to reaffirm'; and

'(ii) 'Your credit agreement may obligate you to pay additional amounts which may come due after the date of this disclosure. Consult your credit agreement.'.

'(E) The 'Annual Percentage Rate', using that term, which shall be disclosed as--

'(i) if, at the time the petition is filed, the debt is an extension of credit under an open end credit plan, as the terms 'credit' and 'open end credit plan' are defined in section 103 of the Truth in Lending Act, then--

'(I) the annual percentage rate determined under paragraphs (5) and (6) of section 127(b) of the Truth in Lending Act, as applicable, as disclosed to the debtor in the most recent periodic statement prior to entering into an agreement of the kind specified in subsection (c) or, if no such periodic statement has been given to the debtor during the prior 6 months, the annual percentage rate as it would have been so disclosed at the time the disclosure statement is given to the debtor, or to the extent this annual percentage rate is not readily available or not applicable, then

'(II) the simple interest rate applicable to the amount reaffirmed as of the date the disclosure statement is given to the debtor, or if different simple interest rates apply to different balances, the simple interest rate applicable to each such balance, identifying the amount of each such balance included in the amount reaffirmed, or

'(III) if the entity making the disclosure elects, to disclose the annual percentage rate under subclause (I) and the simple interest rate under subclause (II); or

'(ii) if, at the time the petition is filed, the debt is an extension of credit other than under an open end credit plan, as the terms 'credit' and 'open end credit plan' are defined in section 103 of the Truth in Lending Act, then--

'(I) the annual percentage rate under section 128(a)(4) of the Truth in Lending Act, as disclosed to the debtor in the most recent disclosure statement given to the debtor prior to the entering into an agreement of the kind specified in subsection (c) with respect to the debt, or, if no such disclosure statement was given to the debtor, the annual percentage rate as it would have been so disclosed at the time the disclosure statement is given to the debtor, or to the extent this annual percentage rate is not readily available or not applicable, then

'(II) the simple interest rate applicable to the amount reaffirmed as of the date the disclosure statement is given to the debtor, or if different simple interest rates apply to different balances, the simple interest rate applicable to each such balance, identifying the amount of such balance included in the amount reaffirmed, or

'(III) if the entity making the disclosure elects, to disclose the annual percentage rate under (I) and the simple interest rate under (II).

'(F) If the underlying debt transaction was disclosed as a variable rate transaction on the most recent disclosure given under the Truth in Lending Act, by stating 'The interest rate on your loan may be a variable interest rate which changes from time to time, so that the annual percentage rate disclosed here may be higher or lower.'.

'(G) If the debt is secured by a security interest which has not been waived in whole or in part or determined to be void by a final order of the court at the time of the disclosure, by disclosing that a security interest or lien in goods or property is asserted over some or all of the debts the debtor is reaffirming and listing the items and their original purchase price that are subject to the asserted security interest, or if not a purchase-money security interest then listing by items or types and the original amount of the loan.

'(H) At the election of the creditor, a statement of the repayment schedule using 1 or a combination of the following--

'(i) by making the statement: 'Your first payment in the amount of $XXX is due on XXX but the future payment amount may be different. Consult your reaffirmation agreement or credit agreement, as applicable.', and stating the amount of the first payment and the due date of that payment in the places provided;

'(ii) by making the statement: 'Your payment schedule will be:', and describing the repayment schedule with the number, amount, and due dates or period of payments scheduled to repay the debts reaffirmed to the extent then known by the disclosing party; or

'(iii) by describing the debtor's repayment obligations with reasonable specificity to the extent then known by the disclosing party.

'(I) The following statement: 'Note: When this disclosure refers to what a creditor 'may' do, it does not use the word 'may' to give the creditor specific permission. The word 'may' is used to tell you what might occur if the law permits the creditor to take the action. If you have questions about your reaffirming a debt or what the law requires, consult with the attorney who helped you negotiate this agreement reaffirming a debt. If you don't have an attorney helping you, the judge will explain the effect of your reaffirming a debt when the hearing on the reaffirmation agreement is held.'.

'(J)(i) The following additional statements:

'Reaffirming a debt is a serious financial decision. The law requires you to take certain steps to make sure the decision is in your best interest. If these steps are not completed, the reaffirmation agreement is not effective, even though you have signed it.

'1. Read the disclosures in this Part A carefully. Consider the decision to reaffirm carefully. Then, if you want to reaffirm, sign the reaffirmation agreement in Part B (or you may use a separate agreement you and your creditor agree on).

'2. Complete and sign Part D and be sure you can afford to make the payments you are agreeing to make and have received a copy of the disclosure statement and a completed and signed reaffirmation agreement.

'3. If you were represented by an attorney during the negotiation of your reaffirmation agreement, the attorney must have signed the certification in Part C.

'4. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, you must have completed and signed Part E.

'5. The original of this disclosure must be filed with the court by you or your creditor. If a separate reaffirmation agreement (other than the one in Part B) has been signed, it must be attached.

'6. If you were represented by an attorney during the negotiation of your reaffirmation agreement, your reaffirmation agreement becomes effective upon filing with the court unless the reaffirmation is presumed to be an undue hardship as explained in Part D.

'7. If you were not represented by an attorney during the negotiation of your reaffirmation agreement, it will not be effective unless the court approves it. The court will notify you of the hearing on your reaffirmation agreement. You must attend this hearing in bankruptcy court where the judge will review your reaffirmation agreement. The bankruptcy court must approve your reaffirmation agreement as consistent with your best interests, except that no court approval is required if your reaffirmation agreement is for a consumer debt secured by a mortgage , deed of trust, security deed, or other lien on your real property, like your home.

'Your right to rescind (cancel) your reaffirmation agreement. You may rescind (cancel) your reaffirmation agreement at any time before the bankruptcy court enters a discharge order, or before the expiration of the 60-day period that begins on the date your reaffirmation agreement is filed with the court, whichever occurs later. To rescind (cancel) your reaffirmation agreement, you must notify the creditor that your reaffirmation agreement is rescinded (or canceled).

'What are your obligations if you reaffirm the debt? A reaffirmed debt remains your personal legal obligation. It is not discharged in your bankruptcy case. That means that if you default on your reaffirmed debt after your bankruptcy case is over, your creditor may be able to take your property or your wages. Otherwise, your obligations will be determined by the reaffirmation agreement which may have changed the terms of the original agreement. For example, if you are reaffirming an open end credit agreement, the creditor may be permitted by that agreement or applicable law to change the terms of that agreement in the future under certain conditions.

'Are you required to enter into a reaffirmation agreement by any law? No, you are not required to reaffirm a debt by any law. Only agree to reaffirm a debt if it is in your best interest. Be sure you can afford the payments you agree to make.

'What if your creditor has a security interest or lien? Your bankruptcy discharge does not eliminate any lien on your property. A 'lien' is often referred to as a security interest, deed of trust, mortgage or security deed. Even if you do not reaffirm and your personal liability on the debt is discharged, because of the lien your creditor may still have the right to take the security property if you do not pay the debt or default on it. If the lien is on an item of personal property that is exempt under your State's law or that the trustee has abandoned, you may be able to redeem the item rather than reaffirm the debt. To redeem, you make a single payment to the creditor equal to the current value of the security property, as agreed by the parties or determined by the court.'.

'(ii) In the case of a reaffirmation under subsection (m)(2), numbered paragraph 6 in the disclosures required by clause (i) of this subparagraph shall read as follows:

'6. If you were represented by an attorney during the negotiation of your reaffirmation agreement, your reaffirmation agreement becomes effective upon filing with the court.'.

'(4) The form of such agreement required under this paragraph shall consist of the following:

'Part B: Reaffirmation Agreement. I (we) agree to reaffirm the debts arising under the credit agreement described below.

'Brief description of credit agreement:

'Description of any changes to the credit agreement made as part of this reaffirmation agreement:

'Signature: Date:

'Borrower:

'Co-borrower, if also reaffirming these debts:

'Accepted by creditor:

'Date of creditor acceptance:'.

'(5) The declaration shall consist of the following:

'(A) The following certification:

'Part C: Certification by Debtor's Attorney (If Any).

'I hereby certify that (1) this agreement represents a fully informed and voluntary agreement by the debtor; (2) this agreement does not impose an undue hardship on the debtor or any dependent of the debtor; and (3) I have fully advised the debtor of the legal effect and consequences of this agreement and any default under this agreement.

'Signature of Debtor's Attorney: Date:'.

'(B) If a presumption of undue hardship has been established with respect to such agreement, such certification shall state that in the opinion of the attorney, the debtor is able to make the payment.

'(C) In the case of a reaffirmation agreement under subsection (m)(2), subparagraph (B) is not applicable.

'(6)(A) The statement in support of such agreement, which the debtor shall sign and date prior to filing with the court, shall consist of the following:

'Part D: Debtor's Statement in Support of Reaffirmation Agreement.

'1. I believe this reaffirmation agreement will not impose an undue hardship on my dependents or me. I can afford to make the payments on the reaffirmed debt because my monthly income (take home pay plus any other income received) is $XXX, and my actual current monthly expenses including monthly payments on post-bankruptcy debt and other reaffirmation agreements total $XXX, leaving $XXX to make the required payments on this reaffirmed debt. I understand that if my income less my monthly expenses does not leave enough to make the payments, this reaffirmation agreement is presumed to be an undue hardship on me and must be reviewed by the court. However, this presumption may be overcome if I explain to the satisfaction of the court how I can afford to make the payments here: XXX.

'2. I received a copy of the Reaffirmation Disclosure Statement in Part A and a completed and signed reaffirmation agreement.'.

'(B) Where the debtor is represented by an attorney and is reaffirming a debt owed to a creditor defined in section 19(b)(1)(A)(iv) of the Federal Reserve Act, the statement of support of the reaffirmation agreement, which the debtor shall sign and date prior to filing with the court, shall consist of the following:

__________________________________________

look up RESPA TILA HOPEPA Laws.

Keep good records name of everyone you talk to dates.

make them play by the RULES!

if you could get to the - websitetoolbox we could help you more from there...

To tell the truth I have not heard nothing from the attorneys that sent me the forclosre notice. They are out of the Minneapolis area. My home went off the market on 10-10-05. So I seem to think that the reality company that was TRYING to sell my home on the short sale has taken over on the forecloser for Ameriquest. They are quite the company also. They showed my home twice in 6 months sending a office girl to show it but on Sat.10-22-05 the owner showed it himself. When I went into there office back in April to list the house on the short sale he told me he did't get invovled until after the forecloser. I need an attorney Fast.and one that will work for me.What will happen if we move out of the house? W e have found a place to rent because of my husbands bipolar disorder we have no money for a retainer he has been off work this year 6 months due to his mental health.( Which was written in a grievance letter to Ameriquest threw our attorney in our town back in April.)I have tryed getting thuogh to Ameriquest on the phone but have had no luck so I e-mailed then on Friday.I have been threw hell the last 10 months with my husbands problems and trying to save my home that I have had many health problems myself. Thanks for thislistening I appreciate your concern hopefully we can gain something. TM

To tell the truth I have not heard nothing from the attorneys that sent me the forclosre notice. They are out of the Minneapolis area. My home went off the market on 10-10-05. So I seem to think that the reality company that was TRYING to sell my home on the short sale has taken over on the forecloser for Ameriquest. They are quite the company also. They showed my home twice in 6 months sending a office girl to show it but on Sat.10-22-05 the owner showed it himself. When I went into there office back in April to list the house on the short sale he told me he did't get invovled until after the forecloser. I need an attorney Fast.and one that will work for me.What will happen if we move out of the house? W e have found a place to rent because of my husbands bipolar disorder we have no money for a retainer he has been off work this year 6 months due to his mental health.( Which was written in a grievance letter to Ameriquest threw our attorney in our town back in April.)I have tryed getting thuogh to Ameriquest on the phone but have had no luck so I e-mailed then on Friday.I have been threw hell the last 10 months with my husbands problems and trying to save my home that I have had many health problems myself. Thanks for thislistening I appreciate your concern hopefully we can gain something. TM

You only have 20 days before you are out, so you need to act quickly. I have to assume you were contacted by thier attorneys? You need to contact them instead of Ameriquest, and tell them you have physical proof that Ameriquest defrauded you. Tell them they have a week to settle the matter or you will place an attorney on thier butt. You have to realize that they have been doing this longer than you have and they assume you will just go away. Keep on thier butts, and they will know you have no intention of going away. I need to know right away if this works, so I can come up with something else. I will keep working on an angle from here.

Susan, you mentioned you had $51,000 to buy back the home but they refused...did I see that right?

If that were really true, I would personally let them take the home, especially if you found the real value to be $30,000.

Take your money and pay cash for someplace else, or go rent for a couple years until the foreclosure is out 2-3 years...and work like hell to get your credit score up. Keep all of your rent checks (cancelled checks or money orders) as receipts are not really going to help or cash payment for rent won't help.

I've worked with many borrowers who after 3 years, came out smelling quite rosey as far as credit score...and with a rental history they can prove was on time (that's why you need cancelled checks...don't pay cash or just get a reciept) you can buy a house for far less than you would be paying in any circumstance now.

I know it's a setback to go rent for awhile, but you will be much further ahead this way. Why buy a $30,000 house for $50,000 when you had the $51,000 to plunk down on a different house?

Now I don't know how you had the $51,000....can only assume you had savings, realatives or something like that to help.

Gene Thanks for your concern. I have been trying to get threw to Ameriquest using my SS# or loan number and it will not even let me into the system. So I have not gotten any farther then last rebuttal. All it is doing in getting me more upset . If you can help in any other way I would appreciate it.Thanks TM

Thank you, thank you, thank you. I finally feel vindicated. I knew my info was apparentley not 100 % correct about Bill Cook, but I was close. I did know for a fact it was Bill Cook who pulled the strings that enabled me to save my home. Finally someone has come forward to save me from all of the misinformation from so called people who knew the inside outs on corporate America.

P.S, Kim and Teresa, how is it going with you?

I will reserve comment on this informative thread because I believe it has run it's course. But I found it amusing that there was so much (mis) information on Bill Cook. Perhaps the confusion comes from the fact that Mr. Cook was the Ceo/President of Town & Country Credit, which Ameriquest owns. Prior to that, from December 1987 through October 1996 Mr. Cook served as Executive Vice President of Ameriquest Mortgage Corporation and Ameriquest Capital Corporation. As recent as the September 2000, Mr. Cook was on the board of directors of Aames Financial Corp.

And no, I have never (and will never) work for anything even smelling of ameriquest.

I will reserve comment on this informative thread because I believe it has run it's course. But I found it amusing that there was so much (mis) information on Bill Cook. Perhaps the confusion comes from the fact that Mr. Cook was the Ceo/President of Town & Country Credit, which Ameriquest owns. Prior to that, from December 1987 through October 1996 Mr. Cook served as Executive Vice President of Ameriquest Mortgage Corporation and Ameriquest Capital Corporation. As recent as the September 2000, Mr. Cook was on the board of directors of Aames Financial Corp.

And no, I have never (and will never) work for anything even smelling of ameriquest.

It is easy, just type in Mortgage servicing fraud, and it should give you a website. I asked for help on thier site, and havent heard from anyone , so I guess they are pissed off at me. I am going to give you a name of the guy at Ameriquest, and just tell him what they have done to you. I am confident something will be done. Cross your fingers. His name is Jeff Puchalski, and he should be at one of Ameriquests extensions. Let me know if you get through.

Gene Tryed to go to the website Morgage Service Fraud and it does not work on the computer. What am I doing wrong?

Excellent work on saving your original paperwork. Do I understand you correctly when you say you had a " short sale"?
You mean to tell me Ameriquest bought your property during the short sale, which would tell me they bought it dirt cheap. That would mean a large windfall.
If you have an attorney, why havent you contested the eviction? That would buy you some time. Thats what I did. It gave me time to line my ducks up. Why hasnt your attorney contacted Ameriquest with your evidence? It seems to me Ameriquest would work out an agreement with you just to avoid the embarassment of going into court.

Do me a favor, go to the website Mortgage Service Fraud, MSF.com, and I will be able to pass along names and numbers, along with my direct email adress. Just look under GeneO, and it will direct you to my email adress. It would be better because we can correspond directly with names and adresses, unlike this website, who edit it out. Look forward to hearing from you. Will find the name and telephone number of guy at Ameriquest. Hang in there.

Excellent work on saving your original paperwork. Do I understand you correctly when you say you had a " short sale"?
You mean to tell me Ameriquest bought your property during the short sale, which would tell me they bought it dirt cheap. That would mean a large windfall.
If you have an attorney, why havent you contested the eviction? That would buy you some time. Thats what I did. It gave me time to line my ducks up. Why hasnt your attorney contacted Ameriquest with your evidence? It seems to me Ameriquest would work out an agreement with you just to avoid the embarassment of going into court.

Do me a favor, go to the website Mortgage Service Fraud, MSF.com, and I will be able to pass along names and numbers, along with my direct email adress. Just look under GeneO, and it will direct you to my email adress. It would be better because we can correspond directly with names and adresses, unlike this website, who edit it out. Look forward to hearing from you. Will find the name and telephone number of guy at Ameriquest. Hang in there.

Excellent work on saving your original paperwork. Do I understand you correctly when you say you had a " short sale"?
You mean to tell me Ameriquest bought your property during the short sale, which would tell me they bought it dirt cheap. That would mean a large windfall.
If you have an attorney, why havent you contested the eviction? That would buy you some time. Thats what I did. It gave me time to line my ducks up. Why hasnt your attorney contacted Ameriquest with your evidence? It seems to me Ameriquest would work out an agreement with you just to avoid the embarassment of going into court.

Do me a favor, go to the website Mortgage Service Fraud, MSF.com, and I will be able to pass along names and numbers, along with my direct email adress. Just look under GeneO, and it will direct you to my email adress. It would be better because we can correspond directly with names and adresses, unlike this website, who edit it out. Look forward to hearing from you. Will find the name and telephone number of guy at Ameriquest. Hang in there.

Gene Yes I have all the paperwork plus all the papers that were written by a attorney that was helping us through the short sale. Also a grievence letter that explains our situation that goes back to April when they said they would work threw a payment plan but have not heard anything from Ameriquest since then. TM

Gene Yes I have all the paperwork plus all the papers that were written by a attorney that was helping us through the short sale. Also a grievence letter that explains our situation that goes back to April when they said they would work threw a payment plan but have not heard anything from Ameriquest since then. TM

Gene Yes I have all the paperwork plus all the papers that were written by a attorney that was helping us through the short sale. Also a grievence letter that explains our situation that goes back to April when they said they would work threw a payment plan but have not heard anything from Ameriquest since then. TM

Gene Yes I have all the paperwork plus all the papers that were written by a attorney that was helping us through the short sale. Also a grievence letter that explains our situation that goes back to April when they said they would work threw a payment plan but have not heard anything from Ameriquest since then. TM

I am real sorry to hear your plight. I can relate. I am going to go back and look over all of my paperwork and see what I can find.

Do you have a copy of your mortgage papers?

Can you prove you were decieved by the paperwork? If you can prove this, then I will tell you who to contact. I got an email awhile back from a litigation person who investigates wrongdoing at Ameriquest, his own company. Believe it or not, there are people at Ameriquest who are on the up and up. If you can throw me a bone, then I will give his name, but it is no secret.

I would say to contact ACORN at your state level, but dont know if it would do any good, but I would try anyway, because what have you got to lose. Dont wait on me, because I want to make sure I put you in touch with the right person.

Good luck, and let me know about the paperwork.

Just read your rebutal. We are in the same situation that you were in. Over appraisal at about 60,000.00. Falsified documents,higher interest rate. Our home was sold at a sheriffs sale on May 10 05. Ameriquest also bought our home. We have to be out of our home by Nov.10. My home has been on the market since April with one person to look at it. Pleasa let me know if you can help me save my home.Thanks TM

First off, I want to thank Kathleen for her comments. I did start this thread to warn others and offer some help. I quit the thread because of the constant berating I recieved from particular individuals. Every thing that I wrote is true. I cannot understand why ACORN will not help anymore. They were probably paid off, who knows. As far as the contact I stated who helped me , he was in a high place at Ameriquest, otherwise he could not have pulled the strings that he did.

Having said that, I want to respond to the writer who said I enjoyed the cah payout. I never recieved the amount quoted to me. They took the majority of the money and paid creditors who I was not even in default with without my permission. I never discovered this until the papers with the check arrived.

It is true I got some money, but even the devil will give you a little something before he devours your soul. Be wary of wolves in sheeps clothing my friends. If it sounds too good to be true, it is.

This is all I have to say on the matter, because they are now a distant memory thank god. I want to wish you luck with Ameriquest if you are still having trouble with them. I would like to know if anyone else was able to beat them at thier own game however, so I will keep looking in once in awhile.

There is a lot of mis-information in here, but some is valid..

The chronology regarding AMC and Wamu is totally off...

I do agree with the person that said that responsibility should be on the borrowers also.

I used to work for AMC and had borrowers asking to have the values of their home inflated so they could qualify.. or others that I saw working with other Loan Officers that were obviously looking the other way because they wanted the loan so bad. People asking to go stated because they didn't have any real income...

Ameriquest has problems yes, but borrowers often would know what they were getting into and then complain when what they asked for in the first place didn't work out.

None the less, my real problem with the company is the above average rates and fees they charge, usually WELL above average, and the low compensation they pay their employees in return, as compared to a brokerage.

Just my 2 cents...

I find it amazing that people still continue to defend the likes of this unreputable company. Gene has tried to let people know how to fight back and yet....there are still those that defend the unethical policies this company upholds.

Whatever......Gene......thank you for letting us know.....us meaning the poor people that are still customers of this theiving, lying company. You have showed us what we must do to recover from the outragious fees and punishment we have had to endure since signing on with this so-called company.

I saw where someone stated we KNEW what we were signing when we contracted with Ameritheft. That is not even true. Oh yes, I knew I was signing up with the devil due to circumstances I was unable to control, but I didn't know the lies and deception behind the contract I signed. We are to blame someone said? Oh no, I fully believe no one signing a contract with Ameritheft is to blame. This is the most corrupt company I have ever been involved with and the last. But before I refinance, after paying their ridiculous fees, I assure you, I will recover every last dollar I paid that Ameritheft took from me.

So, for all of you, who has bashed Gene, shame on you. He was only trying to help but you, employees of Amerithieft I'm sure you are......have only made him an even greater asset to many.

Good luck finding a job when Ameritheft fires you or closes it's doors. Good luck to all of you.

Most homeowners have a good idea of the real value of their home.typically you can ask a real estate agent in your hometown for a free idea of the value. If you borrow more than the value of your home you have to plan to stay there long enough that it may appreciate or you are failing in common sense. When customers get cash out on these subprime loans they get cash to either pay other debts or buy things they desire. Gene you had the benefit of the cash then filed BK. Ameriquest may be corrupt but that doesn't mean what you did was right either.
Sometimes bad things happen to good people that they can not forsee and they get into financial struggles. If you are upside down on your house and one little bad thing happens you are going to face trouble. My advise is if you can't make the payment and the loan is bigger than the possible sale price try and cut your losses and stop the bleeding. Getting a higher payment workaround loan just prolongs the nightmare.
If you arrange a "short sale", as one poster lists, next you have the problem of owing income taxes on the amount short.

Actually washington mutual and ameriquest have had dealing . iF it wasnt for WAMU there wouldnt be AMC. AMC used to be Long Beach Mortgage( AMC was subsidiary that lost $$ as Agrent is a subsidiary of AMC losing $$), they got busted in Ca for predotory lending. They sold portfolio to WAMu and used cash as start up for AMC. MAriano was there for some of it , how do yo uthink i know.

I would Like to Thank Samantha, for trying to help us get back to our home, I think it would be great if we could help everyone, there must be some way?

if you find someone in the government who we can complain to please let us know, so far I have called ACORN and E-mailed them with no response as of yet.

I am glad to say that I have found an Attorney, and he seems to be confident.

Well I guess I'm back with Ameriquest, I got a letter from HSBC saying that AMC is going to be my new servicer on July 13, 2005, so far I haven't received anything from AMC?
I wonder when they will send me a bill or invoice?

Thanks to everyone for taking the time to read this and post your responses and complaints, it helps to know that we are not alone is this struggle, it would be nice if Ameriquest could just get it together, do the right thing and Chang their ways of doing business.

Thanks from Florida, :o) USA

I am responding to the person who stated that they were told that they would have an appraisal but the loan officer said they didnt need one and did a drive by appraisal and came back at a value of 150,000.

The AMC system is very complex and user freindly and sometimes when we input an address in the loan origination system we get an industry term called "AVM" an AVM is simply an automatated valuation report that gives us a property value based on comps that was self generated by the computer. It is a one page report and it is an insured-AVM which means the value has been insured by the company to be valid. They do a drive by so they do have a snapshot of the physical property for the file.

AVM's are legal to use but I would try to get a copy of that report.

I hope that I have helped out in some way. Being an ex employee I know the ins and outs of how they operate and I got out because I did not want to do things to people I saw other people doing. In fact I brought fraud up to my upper management and Ameriquest fired me for being a whistleblower. AND if any employee wants to tell me I was fired because of performance, I assure you I have won many awards and have been to BIG SPIN IN LAS VEGAS so chew on that one!

You already know the answer to your questions. You should see through Ameriquests attempts to get you the loan no matter what, including lverstating your husbands income, and more importantly, the appraisal.

I will tell you right now, and you can call me to the mat on this if I am wrong. You can get an independant appraisal. If it does not meet the needed criteria Ameriquest requires( amount), then they will " promise" you they will send thier own and it will appraise out to the tee the amount needed for the loan.

If this proves to be true, then that should send up a red flag to run, run, run.

I wish you luck,

Hey Leslie...

You are doing the responsible thing, checking it out before you seal the deal.

Just a few comments. Don't refi more than what you need. If you are consolidating your bills, that is one thing, but if they encourage you take out more and "take a vacation" or something, be very leery, because you are going to pay a lot of money in the end for that cash out.

Having said that, I would not let them overstate your husband's income. He makes what he makes, no more. Overstating it makes it look like your debt to credit ratio is better than what it is, and can end in trouble for you later, when he doesn't make that much in reality and you still have a high mortgage payment to make.

Finally, don't take more money than what you feel comfortable paying back, with interest. So if they are encouraging you to take more cash out to get their loan higher, they aren't really doing that for your benefit, they are doing that to raise their commission (just something I would suspect in this kind of instance).

Don't do ANYTHING you don't feel comfortable doing. It seems like they are already making you uncomfortable, so listen to yourself, you could be right.

Overstating income and over appraising are both signs of a predatory lender. Shop around, there may be a good lender out there that can do you much better on this!!!!

To Gene, Markanna, Julia, Samantha, et. al. ~

I can't tell you what a Godsend this website has been. Regardless of a few postings that -- well, were a little peppered with non-factual info and some interesting emotional intensity, I have found this thread in particular to be VERY illuminating.

Samantha, your comments are GREATLY appreciated. This afternoon, I was about to get the ball rolling on a re-fi/debt consolidation loan with Ameriquest. Needless to say, I COULD very possibly have been in a sticky situation. My biggest concern is the issue of an appraisal -- the results of which I would never have questioned prior to reading about the practice of over-appraising. I was even getting uncomfortable already about a veiled suggestion that my husband over-state his income (he's a subcontractor who has trouble proving his income).

I have a question, too, for anyone with a legit background in appraisals -- when I finally get to this point with another lender, if I feel like their appraisal is higher than it should be, what do I do? Should I pay a realtor to get it done, or someone else without a stake in it? Or should I just ask for less cash out?

Thanks guys -- god bless.

Gene, while I find your devotion to helping others sincere. I find that you simply state things that are not correct. In you last thread you stated that "ameriquest was in bed with Washington Mutual". This is absolutely incorrect, Washington Mutual(while being a competitor of my companies) is a respected member of the banking community(unlike Ameriquest). If you are out there trying to help people who have problems, I applaud your conviction, but please stick the facts and what you know, or you just make your self sound uneducated on the subject. I wish you all the best of luck. I repeat this again for everyone.

Nobody is putting a gun to your head to sign anything!!!! Do not feel that you are obligated. Take the time to read everything. If you are not sure ask, and if you are rushed, tell the closing agent to leave and refuse to sign until you are given the proper time to review the documents

Gene,

A quick check with HR finds that there is no Bill Cook (or has been) associated with Ameriquest. Whoever gave you that name was feeding you a line.

LA Times just leaked an article that Ameriquest will be settling with the AG offices shortly (it was out this past week)

Well, you just will not get off of my case will you, samantha? Like I said, I started this thread to try to help others, and for some reason, I have become the brunt of yours and others criticism, for reasons I cannot explain. The information I shared may not be accurate to the letter, but you have to understand that it was a long fought out battle with Ameriquest, and I have so many names and phone numbers, it is hard to keep track. I will stand by my statement though on Bill Cook. He was the person at Ameriquest, or wherever he was at the time, who finally helped put the matter to bed. I too went back and did some research on Long Beach Mortgage. It is a subsidary company of Washington Mutual, who in turn is in bed with Ameriquest. I know this because my mortgage at one time ended up in thier hands! When asked about it, Wash Mutual said to talk to Ameriquest about it.

I do not doubt your intentions are noble Samantha, but criticizing me in the process will not help Markanna, or anyone else out there. Nor will throwing money at the problem. It is going to take legal action against Ameriquest, and all of the other predatory lenders, to put a stop to this madness.

As far as " business 101' comments, I never took business courses. I was and am the " grunt" that keeps businesses going! I get my hands dirty everyday so the company executives can take luxurious getaways every month. I take it you are probably one that meets that description. Nothing wrong with that, dont get me wrong. I may not know business details, but I and others like me have common sense, and that is far more beneficial in life!

Let me propose you and I call a truce and end this bickering and downgrading each other, and concentrate on the task at hand, which is to try and help others. I will try to do a better job with my research if you will at least give me a little credit for at least trying to do the right thing. I am not out to " get" Ameriquest. Like I said, I came out on top. I have no axe to grind here.

Sarah,
Thank you! Thank you! Thank you! Thank you for taking the time to research and report accurate information! Not to be too dramatic... but I can now relate to "The Salem Witch Trials."
CEO/President being the same person is so business 101! NOT! At this point, GENE, you have driven the focus of this thread from an informative "gathering" to a personal vengence!
You claim you're out to help others to reign victory against the almighty "ameriquest and others like them".... Well Gene, put your money where your mouth is.... I have envisioned, developed, contributed to and funded many, many not-for-profit companies just for the mere act of "doing the right thing." I am willing to contribute $1000.00 to a "Markanna" fund to benefit ONLY "Markanna" if you, and only you, take on the challenge to be the sole director, accountant, secretary and distibutor of these funds and only the "Markanna" funds. If you are true to your word and want to help others (i.e. not giving them wrong numbers and names) but by sharing in your prosperity.... take on my challenge and everyone else that has slammed me on this post! Step up and change things one person at a time!
Heartfelt and Caring,

Sarah,
Thank you! Thank you! Thank you! Thank you for taking the time to research and report accurate information! Not to be too dramatic... but I can now relate to "The Salem Witch Trials."
CEO/President being the same person is so business 101! NOT! At this point, GENE, you have driven the focus of this thread from an informative "gathering" to a personal vengence!
You claim you're out to help others to reign victory against the almighty "ameriquest and others like them".... Well Gene, put your money where your mouth is.... I have envisioned, developed, contributed to and funded many, many not-for-profit companies just for the mere act of "doing the right thing." I am willing to contribute $1000.00 to a "Markanna" fund to benefit ONLY "Markanna" if you, and only you, take on the challenge to be the sole director, accountant, secretary and distibutor of these funds and only the "Markanna" funds. If you are true to your word and want to help others (i.e. not giving them wrong numbers and names) but by sharing in your prosperity.... take on my challenge and everyone else that has slammed me on this post! Step up and change things one person at a time!
Heartfelt and Caring,

Sarah,
Thank you! Thank you! Thank you! Thank you for taking the time to research and report accurate information! Not to be too dramatic... but I can now relate to "The Salem Witch Trials."
CEO/President being the same person is so business 101! NOT! At this point, GENE, you have driven the focus of this thread from an informative "gathering" to a personal vengence!
You claim you're out to help others to reign victory against the almighty "ameriquest and others like them".... Well Gene, put your money where your mouth is.... I have envisioned, developed, contributed to and funded many, many not-for-profit companies just for the mere act of "doing the right thing." I am willing to contribute $1000.00 to a "Markanna" fund to benefit ONLY "Markanna" if you, and only you, take on the challenge to be the sole director, accountant, secretary and distibutor of these funds and only the "Markanna" funds. If you are true to your word and want to help others (i.e. not giving them wrong numbers and names) but by sharing in your prosperity.... take on my challenge and everyone else that has slammed me on this post! Step up and change things one person at a time!
Heartfelt and Caring,

Gene;

Aseem Mital is the new CEO of Ameriquest (and a son-in-law of the Arnalls who are the owners). Prior to him, Wayne Lee served as CEO for the past year. Prior to that, it was Kirk Langs. Just do a Google search and you can find that information.

Additionally, CEO is Chief Executive Officer. They are never a VP at the same time (VPs report to the CEO). So, a CEO/VP just isn't possible. Also, all Ameriquest corporate extensions are 5 digits, not 4.

This will be my last post on this thread, but I wanted to set the record straight, or set Samantha straight.

You said that Bill Cook wasnt nor never was ceo/ vp at Ameriquest. You are dead wrong on that one. When I was given his name and number, I called him and we settled the matter like 2 gentlemen over the phone. My source at ACORN is the one who put me in contact with him. Months later, I called the number again and asked the secretary if this was Bill Cooks office, and if it was the office of the ceo/ vp, and she confirmed it was indeed. I dont know where you did your research, but you need to go back and research some more. I did however find out that he is no longer in that position, and as a matter of fact, the person who took his job has also resigned recently.

No one else could at Ameriquest could have pulled off what he pulled off without having complete authority over the corrupt people who were attempting to screw me over.
I am sorry you, Samantha, have taken such a harsh attitude towards me. I never blamed anyone else for my actions during the time I was struggling with Ameriquest. I have always taken responsibility for my actions. I am simply saying dont believe Ameriquests commercials , saying you are not just a credit report. Lies, lies, and more lies.

It is too bad I cant post Bills number on this site, to verify he is still at Ameriquest, just not as the ceo/vp.

So long Samantha, and I hope you are thru trashing me, and my attempts to help people. I still am dumbfounded by your actions. It is almost as if you are one of the people I fought with from Ameriquest. Maybe you are Cris Roth, or Denise Green from home retention dept. ?
????????????????????????????/

I saw your other post and it is sad what you are going through. My post wasn't to bring anyone down, it is quite the opposite. I just think some people get other's people's hopes up, when the reality is different just based on facts.

Now, in your case, you have a very legitimate claim, everything I have read indicates no wrong doing and you truly have been "ripped off" as it were. You need a really good real estate attorney and fast.

I hope things work out for you, I simply cannot imagine the frustration you are enduring. I could say something passe about how you will only grow stronger as a result of this, but who wants to grow strong like that?

I like the statement you have made too (with the paint on the side of your home). That is too funny. And frankly, word of mouth is a big marketing tool for any company, so this should make a statement.

If you have ANY other types of credit (car loan, credit cards) keep them all current if you can. Once you are done with Ameriquest (hopefully in court) any damage they have done to your credit can be reversed. Then you can refinance and get with a more reputable company and a lower rate. Ameriquest is a sub prime lender and it is rough going in sub prime.

Do you have an attorney already? I didn't read all of the posts again, I guess I could do that. If not, I know of a great site that does attorney referrals.

I am now posting under Ameriquest sucks!,
I added a photo of our house, we cant live in. (Please read it)

So far I have talked to FEMA, they said that any help they give will have to be paid back when or if the insurance ever pays, I also tried to get some help in December from the SBA but because of ameriquest and this insurance f-up and the uninsured closing I cant even get help from them to help myself, it really sucks!

I was just going to ask Smantha, about the title company, if the title company only has un-signed HUDS does that mean they are void?
I don't understand why the title company doesn't have a signed HUD? the only HUD that HSBC has is the one that we signed first, it has different pay outs not the same as was funded after closing?
the second HUD was signed after closing, would that be legal and binding?

One more question, at the singing we were rushed through it and I didn't notice that they had my ex-husband on the mortgage as the borrower he is not on my loan at all, he was on My first loan with a private lender, when I went to the courthouse I found all these XXXXXXXXXX were it had his name as the borrower and me as his wife? and then some one added me and my co-borrowers names after.

I have been talking to a lawyer from the title company since June 2, 2005 he said he is trying to talk to some one at ameriquest, good luck to him!

So will the title company have to pay for mistakes and fraud that ameriquest has done?
that just doesn't seem right.

I cant believe that this is going on in America, I feel like when we signed the mortgage we moved to some other country? what and why that heck do we have to go through all of this SH/T!!

I have a small farm in a small farming community, as a single mom it is a daily struggle to keep everything going, I guess I will have to sell or give away all my animals chickens and rabbit dogs and such, just so that I can afford to rent a little longer, I don't want to lose our small farm its all we have left.

Please, if any one has some advice I would really appreciate it, and thanks for the info about the FTC and the HUD office, if you fine some one in the government that cares or can help please let us know.

Thanks From Florida, :o( USA?

A lot of the rip off reports we see on here with regard to mortgage companies are simply the result of normal people without an understanding as to how a mortgage really works. Then you have someone like Samantha or Karen (on another posting) or myself or Brett who tries to explain the reality and facts of how it works, only to get called names and have our heads ripped off. Mind you, Samantha is way more diplomatic than I am when trying to explain.

I get the idea people just want to rant and blame others. Telling you to "go get 'em" isn't really helping. Many wonder why you can't find an attorney to "take your case". Well, there are those of us here that are trying to explain it to you, you just don't like what you hear.

Then some complain about the "government agencies" that won't help unless their own families are in peril. Simply not true. It is a jurisdiction problem. Certain govt agencies oversee certain types of mortgages. A mortgage handled by a "National Bank" is overseen by the Comptroller of Currency. So if you have a mortgage with an NA bank and you call HUD, well, HUD can't help, HUD has no jurisdiction. By the same token, if you have an fha loan (HUD) and call FTC (conventional loans overseen with regard to non-bank lenders, ie mortgage companies and finance companies), FTC has no jurisdiction, they would refer you to HUD.

The problem here (not with Gene per se) but with all of these reports, is 95% of the time a complete and utter lack of knowledge. Kuddos to those of us who try to tell the truth about it instead of ranting and raving and stirring things up for the good of no one.

Hello All,
For the past 2 months, I have offered solutions, options and have encouraged "victims" to pursue alternative avenues to resolve their issues!
I have been called names, verbally bashed as well as accused of working for and defending these companies! And oh yes... shacking up with satan!

4/14... my 1st response was simply meant as an educational post to inform consumers that there are other brokers (honest brokers) willing to compete and offer the best deal and to encourage homeowners to shop, educate and compare each deal!

But thanks to Frank in New Orleans, he reduced and cheapened the posting to a comic book level!
Thank you, I'm so flattered! 4/14. Gene thanks Frank for "defending" him against the "likes of me?" Gene has gloated to everyone on this thread about his "inside connections" at Ameriquest... do some homework! Why waste everyone's time, Gene? Google works.

It is my job to be knowledgable, well informed and be educated about my industry. Bill Cook (your go-to guy) at Ameriquest isn't nor has ever been the CEO/President at Ameriquest... You may find him at Long Beach Mortgage, fyi.

Again, I'm not defending any retail broker! I work on the wholesale side! I only deal with brokers and see fraud on a daily basis but I refuse to submit these files. I have cut brokers off that commit fraud and have testified against them in a court of law.

They're charged with felonies, wire fraud, stripped of their broker license, serve jail time and are never allowed to lend again! Anywhere!

6/11. Markana... Gene glad you're back, where's Samantha? I'm still here! I find it amusing that Gene slams me and turns around and offers you the same advice I offered in my previous posting dated 5/20! "Have you tried FEMA?"

Markana, what everyone seems to be overlooking about their insurance is
(1) if you escrow, your taxes and insurance are included in your monthly payment, reflected on the HUD
(2) you may have just paid for a 6 mo. policy at closing depending if it was a refi or a purchase or
(3) you may not have had the funds to pay the insurance at close and the insurance company stamped "paid" on the policy and the title co never confirmed that it was paid.

In any case, the title company is hired as a third party to protect both you and the lender just the same as auto insurance protects you and your car.

They are required to carry "E & O" insurance. (Errors and Ommisions." If they collected funds for insurance at your closing on the SIGNED HUD, the title co. is the responsible party!

Forget phone calls, they are required to provide you with a "copy" package of your closing docs. (it's common practice they make a copy prior to signing). Go to their office!

Find your closing package and demand answers in person! It makes no difference at this point who holds your mortgage, the title company is responsible for recording your deed, ensuring your property is free and clear of any prior leins and if you did escrow, they are responsible for paying your taxes and insurance.

By the way, FEMA worked for me! As for my fan Joe, posting 6/12, so your relatives are crooks? You acknowledged they whited out pay-stubs, falsified documents, juiced appraisals and forged documents? Wow, I believe the apple doesn't fall far from the tree! Those are hard "core" , no pun intended, statements... way to throw the family under the bus!

Regarding your last statement to me in your posting... sounds like you and satan are on a first name basis! Instead of attacking me, why don't you find some loans to close.

Best of luck to you! Brett, from PA., thank you! You conveyed the point I have been trying to make .... wish I could get in touch with you!

After discovering this site and reading many of the threads that people have posted,I am both angered and disapointed. I have been in the sub-prime mortgage industry for many years, most of them at a very reputable company. As a loan officer who prides himself on doing what is right for the borrower, I am disgusted at some of what I have read on this site. However, I am also disgusted at some of the postings of people who refuse to accept responsibility for their actions.

Ameriquest is a bad company, we all know that. If even half of what is posted is true, then they should never be allowed to lend in anywhere. However, I see postings from people who are blaming them for everything. When you sign closing documents you must read everything and make sure that you have a copy of anything that you sign. Do this before you leave the closing. If you feel that you are being rushed, refuse to sign. Also, most important, get the name of your notary.

If an actual mortgage is changed after you have signed it and it has been notarised, they are held liable. So make sure that they notarise the documents in front of you. Nobody ever puts a gun to your head and says you have to sign these documents. IF you do not like the loan, dont take it.

People need to learn to accept responsibility for their actions, and this is not true for all sub-prime borrowers. Many of them have had medical of family emergencies that have put them in this situation. However, many of them are complainers who live well beyond their means. If anyone out there has any questions about any document that they are about to sign, post on this thread and I will respond to it. As a loan officer, notary, and former underwriter, I will give you the best answer to help you out

Samantha,

You're so full of crap that it's stinking on this thread. You sound so naive and uneducated to the skanks that Ameriquest and others like them are.

I bet bottom dollar you did or do work for them...nobody else would protect these carnivorous lenders. They'll eat up borrowers for breakfast and spit out the bones and call that a house too.

I've worked in this business a long time and now for sub-prime....and work honestly to achieve my customer's goals. I have had relatives work for these people and they asked them to white out paychecks, fill in phoney amounts, falsify records wherever needed, inflate appraisals, write deals without all info, forge signatures...you name it.

These people are thieves, plain and simple. Someone is lining the pockets of politicians or they'd have all been in the pokey a long time ago. That they sponsor baseball and football is a travesty to good sports-loving people everywhere. I don't watch anything that is sponsored by them either.

Lies upon lies...upon more lies. It's surprising nobody's walked into a branch that gave them a loan and smacked them all in the face. I would have if I ever got screwed like these people have. Probably more.

The over 200 articles here are testiment to the shady mafiosos these people are run by.

Get bent Samantha....and may Satan enjoy the company of your soul.

I did some research on HSBC, and I found they have 11 locations in florida. I would find the nearest one to you and contact them to see who has your mortgage. I had the same problem with Ameriquest. They sent my mortgage to Washington Mutual, but when I inquired to them, they denied having it, and said Ameriquest still had it. It came back to Ameriquest every time, so keep on Ameriquest. Chances are, they still have it, but they are stalling. Contact your branch of HSBC to be certain. Go to HSBC.com, and click local branch.

About your insurance, I still dont know if you have insurance papers that prove you paid Ameriquest your premiums thru escrow. If you did, then you have a legal right to take it to the higher authorities. Have you tried FEMA? I am really trying to help, but I have little info to go on at this point. Let me know about the insurance papers, and also, you need to track down your mortgage to see who has it. By law, Ameriquest is supposed to mail you a letter stating they have sold your mortgage to HSBC. You have a right by law to take up to 90 days from the transfer to make payment arrangements with HSBC. If you havent gotten the letter from iether of them, then someone is lying. Let me know if you got the letter. Keep in touch.

I did some research on HSBC, and I found they have 11 locations in florida. I would find the nearest one to you and contact them to see who has your mortgage. I had the same problem with Ameriquest. They sent my mortgage to Washington Mutual, but when I inquired to them, they denied having it, and said Ameriquest still had it. It came back to Ameriquest every time, so keep on Ameriquest. Chances are, they still have it, but they are stalling. Contact your branch of HSBC to be certain. Go to HSBC.com, and click local branch.

About your insurance, I still dont know if you have insurance papers that prove you paid Ameriquest your premiums thru escrow. If you did, then you have a legal right to take it to the higher authorities. Have you tried FEMA? I am really trying to help, but I have little info to go on at this point. Let me know about the insurance papers, and also, you need to track down your mortgage to see who has it. By law, Ameriquest is supposed to mail you a letter stating they have sold your mortgage to HSBC. You have a right by law to take up to 90 days from the transfer to make payment arrangements with HSBC. If you havent gotten the letter from iether of them, then someone is lying. Let me know if you got the letter. Keep in touch.

I did some research on HSBC, and I found they have 11 locations in florida. I would find the nearest one to you and contact them to see who has your mortgage. I had the same problem with Ameriquest. They sent my mortgage to Washington Mutual, but when I inquired to them, they denied having it, and said Ameriquest still had it. It came back to Ameriquest every time, so keep on Ameriquest. Chances are, they still have it, but they are stalling. Contact your branch of HSBC to be certain. Go to HSBC.com, and click local branch.

About your insurance, I still dont know if you have insurance papers that prove you paid Ameriquest your premiums thru escrow. If you did, then you have a legal right to take it to the higher authorities. Have you tried FEMA? I am really trying to help, but I have little info to go on at this point. Let me know about the insurance papers, and also, you need to track down your mortgage to see who has it. By law, Ameriquest is supposed to mail you a letter stating they have sold your mortgage to HSBC. You have a right by law to take up to 90 days from the transfer to make payment arrangements with HSBC. If you havent gotten the letter from iether of them, then someone is lying. Let me know if you got the letter. Keep in touch.

I did some research on HSBC, and I found they have 11 locations in florida. I would find the nearest one to you and contact them to see who has your mortgage. I had the same problem with Ameriquest. They sent my mortgage to Washington Mutual, but when I inquired to them, they denied having it, and said Ameriquest still had it. It came back to Ameriquest every time, so keep on Ameriquest. Chances are, they still have it, but they are stalling. Contact your branch of HSBC to be certain. Go to HSBC.com, and click local branch.

About your insurance, I still dont know if you have insurance papers that prove you paid Ameriquest your premiums thru escrow. If you did, then you have a legal right to take it to the higher authorities. Have you tried FEMA? I am really trying to help, but I have little info to go on at this point. Let me know about the insurance papers, and also, you need to track down your mortgage to see who has it. By law, Ameriquest is supposed to mail you a letter stating they have sold your mortgage to HSBC. You have a right by law to take up to 90 days from the transfer to make payment arrangements with HSBC. If you havent gotten the letter from iether of them, then someone is lying. Let me know if you got the letter. Keep in touch.

From Markana, The last time I posted my complaint I added a complaint from (Crystal) She and her little Family are from St. Pete Florida, She posted her complaint right after Hurricane Frances,
then came Hurricane Ivan, then Hurricane Jean, I'm hoping that She and her kids are ok?
I have no way to find out.

I have the same thing going on with ameriquest, with this insurance nightmare, and I have two HUDS, forged doc's, and more.....

I live in north central Florida, I have two kid and my elderly mother and disabled sister live with us. we are still renting and making mortgage payments.

I talked with a lawyer from the Title company the other day, he said he was looking at two HUDS and neither one was signed?
he also stated that the HUDS were so unclear that he could not read them?

the insurance guy from safeco cant get ameriquest to reply to him in writing even after he sent them a letter asking for answers to some of the same questions that I am asking?
like do I have to pay the 2,000.00 thousand dollar deductible x 2 is content covered,
tree removal, alternate living expenses, this was or would have been covered by my insurance, with only a 500 dollar deductible x 2 if ameriquest had done there JOB!!!!

Since three Hurricanes hit us last year, ameriquest has tried to pass this off on me, telling me it was my problem, then they sold my loan to HSBC, then made Safeco cover the home and damages three moths after ameriquest didn't do there job and pay my insurance as promised,
is that legal? should safeco be reasonable for neglect by ameriquest during the closing?
I would really like to know.

Luckily this newest storm was small and we are ok for now.

Thanks for helping and good luck to every one. From Florida :o) USA?

From Markana, The last time I posted my complaint I added a complaint from (Crystal) She and her little Family are from St. Pete Florida, She posted her complaint right after Hurricane Frances,
then came Hurricane Ivan, then Hurricane Jean, I'm hoping that She and her kids are ok?
I have no way to find out.

I have the same thing going on with ameriquest, with this insurance nightmare, and I have two HUDS, forged doc's, and more.....

I live in north central Florida, I have two kid and my elderly mother and disabled sister live with us. we are still renting and making mortgage payments.

I talked with a lawyer from the Title company the other day, he said he was looking at two HUDS and neither one was signed?
he also stated that the HUDS were so unclear that he could not read them?

the insurance guy from safeco cant get ameriquest to reply to him in writing even after he sent them a letter asking for answers to some of the same questions that I am asking?
like do I have to pay the 2,000.00 thousand dollar deductible x 2 is content covered,
tree removal, alternate living expenses, this was or would have been covered by my insurance, with only a 500 dollar deductible x 2 if ameriquest had done there JOB!!!!

Since three Hurricanes hit us last year, ameriquest has tried to pass this off on me, telling me it was my problem, then they sold my loan to HSBC, then made Safeco cover the home and damages three moths after ameriquest didn't do there job and pay my insurance as promised,
is that legal? should safeco be reasonable for neglect by ameriquest during the closing?
I would really like to know.

Luckily this newest storm was small and we are ok for now.

Thanks for helping and good luck to every one. From Florida :o) USA?

From Markana, The last time I posted my complaint I added a complaint from (Crystal) She and her little Family are from St. Pete Florida, She posted her complaint right after Hurricane Frances,
then came Hurricane Ivan, then Hurricane Jean, I'm hoping that She and her kids are ok?
I have no way to find out.

I have the same thing going on with ameriquest, with this insurance nightmare, and I have two HUDS, forged doc's, and more.....

I live in north central Florida, I have two kid and my elderly mother and disabled sister live with us. we are still renting and making mortgage payments.

I talked with a lawyer from the Title company the other day, he said he was looking at two HUDS and neither one was signed?
he also stated that the HUDS were so unclear that he could not read them?

the insurance guy from safeco cant get ameriquest to reply to him in writing even after he sent them a letter asking for answers to some of the same questions that I am asking?
like do I have to pay the 2,000.00 thousand dollar deductible x 2 is content covered,
tree removal, alternate living expenses, this was or would have been covered by my insurance, with only a 500 dollar deductible x 2 if ameriquest had done there JOB!!!!

Since three Hurricanes hit us last year, ameriquest has tried to pass this off on me, telling me it was my problem, then they sold my loan to HSBC, then made Safeco cover the home and damages three moths after ameriquest didn't do there job and pay my insurance as promised,
is that legal? should safeco be reasonable for neglect by ameriquest during the closing?
I would really like to know.

Luckily this newest storm was small and we are ok for now.

Thanks for helping and good luck to every one. From Florida :o) USA?

I am real sorry to hear you are still in a fix with Ameriquest. I did some research on Turnkey Title co. and it appears to me that given what they do, Ameriquest has managed to find a way to stall, since turnkey takes weeks to research the complaints. This lets Ameriquest off the hook for a long time!

I was wondering if you have a copy of your truth in lending disclosure, and does it show that you pay a certain amount for insurance, such as so much going into escrow. If you do, then you have something to take to the attorney general. I would try this approach, and then I would contact Ameriquest and tell them you have proof that they are liable. I was thinking about contacting Turnkey to find out what exactly it is that they do for Ameriquest. I will post here soon with an answer. Until then, hang tough, as I know you are.

If your mortgage company is ameriquest call your insurance company and make sure with them that you have homeowners insurance, dont trust ameriquest!

ameriquest and HSBC will not or can not answer My questions?

we cant live in our house now because of the damages from last years Hurricanes, now what the heck are we going to do?
with this new Hurricane out there.

we are struggling every day still 9 month later,
worrying about all this is really getting to be a Drag!

I wonder if Mary jo Shelton wants to come live in what's left of our moldy damaged house?

we are still renting, I don't know what to do if the new storm comes this way it looks like it will, I pray it will go away.

what makes this even more f-up is that ameriquest has to be one of the sponsors of the weather chanel.

They are sponsoring the American nightmare!


To everyone who has been hurt by ameriquest,
Good LUCK! from Florida :o)

Thanks Markanna,


__________________________________________________

I am posting a complaint ((from Crystal)) in St,Pete florida, I hope She and her little family are doing okay?

I closed on my loan in May of 2004. It is now September and I just got hit by Hurricane Francese. I called to file a claim with my insurance company, and to my suprise they have no idea who I am and have no information on any policy that I had.

In my closing I paid the insurance comapny ARC Insurance. $1,131.33. The woman with whom I have delt told me that Todd my loan officer did not complete the proper paperwork for my insurance so I have NEVER been insured not one day.

There is now another LARGE storm in the ocean that is threatening our home and we are not insured. I am pregnant and have two small children, this house is all I have and I am in danger of loosing it, because Ameriquest failed to file the necessary paperwork.

I have called on a umber of ocations with no help. They do not seem to this they are responsible for this. Now my money was returned to TurnKey Title Company and I have heard nothing from them as well. If anyone has any advice PLEASE CONTACT ME VIA E-MAIL!

Thank you,

If your mortgage company is ameriquest call your insurance company and make sure with them that you have homeowners insurance, don't trust ameriquest!

ameriquest and HSBC will not or can not answer My questions?

we cant live in our house because of the damages from last years Hurricanes,
Now what the heck are we going to do?


we are struggling every day still 9 month later.

worrying about all this is really getting to be a Drag! for me and My kids.

I wonder if Mary jo Shelton wants to come live in what's left of our moldy damaged home?

we are still renting, I don't know what to do if the new storm comes this way it looks like it will, I pray it will go away.

what makes this even more f-up is that ameriquest is one of the sponsors of the weather channel.

They are sponsoring the American nightmare!

I am pasting a complaint from Crystal, I hope She and her little family are doing okay?

To all others that ameriquest has hurt!
GOOD LUCK! from Florida :o)

Ameriquest Mortgage rip-off! Insurance fraud! Saint Petersburg Florida *Consumer Suggestion ..Contact the Title Company Immediately

Company
AmeriQuest Mortgage
Address:
Saint Petersburg Florida
Saint Petersburg Florida 33713
U.S.A.
Phone Number:
727-8213800
Fax:


I closed on my loan in May of 2004. It is now September and I just got hit by Hurricane Frances. I called to file a claim with my insurance company, and to my surprise they have no idea who I am and have no information on any policy that I had.

In my closing I paid the insurance company ARC Insurance. $1,131.33. The woman with whom I have dealt told me that Todd my loan officer did not complete the proper paperwork for my insurance so I have NEVER been insured not one day.

There is now another LARGE storm in the ocean that is threatening our home and we are not insured. I am pregnant and have two small children, this house is all I have and I am in danger of loosing it, because Ameriquest failed to file the necessary paperwork.

I have called on a number of ocations with no help. They do not seem to this they are responsible for this. Now my money was returned to TurnKey Title Company and I have heard nothing from them as well. If anyone has any advice PLEASE CONTACT ME VIA E-MAIL!

Thank you,

Dear Gene,

I would like to say thanks to you and this great website, RIP-off report for doing all you can to help all of us that are still being hurt by this nightmare of a company!!!

Please keep helping were you can, I'm sure you have helped many pepole, and will help many more.

Thanks :o) from Florida, USA?

I am sorry for giving out outdated info. I was unaware he wasnt the ceo/ vp. I did however check to make sure he was still employed there at Ameriquest. I guess he helped too many people and got caught.
I am happy for the person who has proof to back up her claim that her papers are changed. Use it to your advantage, and good luck.
p.s., regarding the driveby appraisal, it may be true it is legal and cheaper, but I would look at the price she was charged, and I would bet it is the same price as a full inspection!

Dear Kenosha,

You may not have read my earlier threads but I have been in the mortgage business for the past 6 or 7 years. I have been on both sides of the business... as a broker and now on the sales side for a leading sub-prime wholesale lender.

"Drive-by" appraisals are legal! Though more commonly ordered and used by conforming lenders. "Avm"s are common practice as well, an "automated value model" compares your property to others within your immediate market area i.e same subject neighborhood, sales within a mile... all within fannie mae and freddie mac guidelines and then places a value on your property. I know First Franklin (also a sub-prime lender who is owned by National City Bank) uses this "avm" program. Bankone, a leading national bank, uses "drive-by" appraisals.

Why use these types of appraisals? For one, they are cheaper and quicker. (not to be confused with taking a short-cut). My company also uses the "avm" as a "tool" and not a rule but it is rare that an appraisal passes our "avm" and if it does, it still must be reviewed by an independent licensed appraiser.

I'm sorry to hear about your story. I truely am! I haven't mentioned this in past responses but Gene, Bill Cook is not the CEO of Ameriquest nor has he been since the last fall!

Kenosha, that is why I have been encouraging people to pursue different avenues. It is very hard to fight these huge corporations! I know because I am battling my own home owners insurance company to collect from the hurricanes that hit last September in Florida.

There is a new twist, however. As of June 30th, 2005, nearly every state (that hasn't done so already) requires each individual loan officer (other than those employed by a nationally chartered bank... Citibank, 5th/3rd etc.) be licensed! That means, instead of taking on a huge corporation, you can go after that loan officer if you feel he/she is a "rotten egg" and if found that fraud has been committed... it is a felony! That individual is stripped of their broker license and with a felony charge against them, they can never work in the mortgage business again! Then pursue their employer!

I have been accussed of defending "these preditory lenders" and I can assure you I am not! I too have been a victim! About 4 years ago, I had my identity stolen and was faced with credit card bills of close to $80,000 within 6 weeks. I contacted the banks...and nothing! No help! I continued to try to pay the debt and managed to never make a single late payment. I again tried contacting the credit card companies to either freeze the interest rate of lower it to help me manage this debt. I filed police reports, hired a lawyer and still the credit cards companies refused any offer of settlement or offer of relief so... with the advice of my lawyer... I filed a bankruptcy 7!

We later learned the thief was my neighbor. She was college educated and had a great career owning her own marketing comapny. I felt bad but I had no choice but to prosecute her and she has since served 2 1/2 years of an 8 year sentence. She ruined my credit by having been forced to file banruptcy but withing a year, i had my scores back up in the 700s and the rest is history.

The lesson learned is I did try to take on the "big corporations" and I didn't get anywhere. I fought back with going after the individual that "ripped me off." Since the conviction, she was forced to sell her company and the proceeds went to pay me back first for what I was out monitarily but also the credit card companies!

I encourage you to look up WI state laws regulating the licensing of brolers in your state...

I hope this helps

Thanks Gene, I have tried to contact Bill Cook,
I got his vioce mail left a message but he never called me back, I also called ACORN and got the same responce, none?

I went down to my local courthouse and got a copy of my Mortgage and found lots of new things that were changed after the signing, I compaired page by page and now I have even more evidence against Ameriquest.

I think the President of Ameriquest should be held responsible and accountable!

I will recommend you fight the foreclosure. I would try to retain an attorney who would work pro-bono, and if you have the copy of your original appraisal, you have alot more than most, so consider yourself fortunate you have some evidence. I do not want to be accused of using anyone for my personal vendetta. I am thru with Ameriquest, so I have no axe to grind since I came out on top.
I would recommend also you contact Bill Cook, at the number I listed above, and tell him you have proof that you were a victim of predatory lending, but dont do it sounding mean. He is a pretty fair CEO/VP, and I believe he will work it out to avoid a day in court and the publicity. Let me know if this helps, because I am trying to help those that I can.

SAMANTHA SAID:
If contacted and informed of a hardship, any lender will work out a payment plan to help the borrower through their hardship.

Well, Samantha, you may mean well and all, but you are wrong. And if you just read everyones stories, you will see that.

DO NOT believe the cheesy commerials and infomercials that Ameriquest shows on television. I believed them, and i was soooooooo wrong...


Ameriquest did to us what i would consider 'predatory lending'. we agreed to refinance through them, they convinced us to also do a debt consolidation through them. they said they would send someone to appriase our house (we bought it for $111,000 only one year prior, and in order to do the debt consolidation it needed to appraise out at $146,000). No one ever came to appraise it, and when i called to ask why, i was told they did it as a 'drive-by' appraisal, meaning that all they had to do was drive past, and they said its worth $150,000. funny, per ameriquest's website,

"PROPERTY VALUATION
We seek to ensure accurate property valuations through the use of licensed appraisers and cutting-edge technology. Appraisals must be full appraisals, with an interior inspection performed in accordance the Uniform Standards of Professional Appraisal Practice. To ensure compliance with these requirements, we maintain lists of approved appraisers, perform an automated review of all appraisals prior to funding, and audit a random sample of appraisals on a monthly basis."

now as i just stated, there was NO full appraisal. NO ONE stepped foot inside my home. and when i asked to see a copy of it, they sent me the exact copy on the one i had done when we first moved into the house. that seems really fraudulant to me!

well, we had money problems, i was pregnant with our 2nd child, and was put on bed rest for premature labor right around christmas, 2004. I called Ameriquest to ask if we could file a forebearance or something to that extent. I was told to send a letter to their president. I sent one, never got a response. i finally called and was told we didnt qualify, and we were basically screwed. I asked if i could send half payments, was told no, and that if i sent anything less than what i owed monthly, it would just come back to me.

My son was born with immature lungs and pneumonia in January, and had to be transported 45 miles to another hospital. He had to stay in the NICU for two wks, costed over $50,000. I called ameriquest to explain the situation and thr fact that we could not make full payments, and asked for other options. I was told no, they were going into forclosure. That was in january, 2005. it is now may, 2005. i have not been able to send any pyments since the one made in december 2004. we are now in the process of trying to do a short sale, cause the house wont come close to selling for the $150,000 they supposivly appraised it at. ironic, huh? this has screwed our perfect credit completely. we feel majorliy scammed.

so see, samantha, and all those who believe it is the fault of the buyer, for not taking classes, and what not to learn about owning a home..

this was not my family's fault: i did not ask for my son to be born sick, i did not ask the hospital to charge me over $50,000 to make him better. i did not ask my husbands job to cut his pay. i did not ask my job at the time to cut my hours and eventually let me go. i cannot get a job, because day care for 2 children is over $300 a week! i would not even make that much in a week. so what am i supposed to do?!

i cannot sell my home because anyone who is interested in it and goes to get it appraised finds out that its not worth $150,000 like ameriquest claims it is. i have called HUD and a ton of other companies that will suposivly help me. no one cares. they dont care until its their family that is getting screwed.

will a short sale hurt my credit? i have been hearing some say yes, some say no. i dont even know if there is any legal action i can take. we ended up moving into an apartment in januay, because we knew we could no longer afford our house. is it even worth me trying to take legal action against ameriquest? i would appreciate the help of anyone out there.

SAMANTHA SAID:
If contacted and informed of a hardship, any lender will work out a payment plan to help the borrower through their hardship.

Well, Samantha, you may mean well and all, but you are wrong. And if you just read everyones stories, you will see that.

DO NOT believe the cheesy commerials and infomercials that Ameriquest shows on television. I believed them, and i was soooooooo wrong...


Ameriquest did to us what i would consider 'predatory lending'. we agreed to refinance through them, they convinced us to also do a debt consolidation through them. they said they would send someone to appriase our house (we bought it for $111,000 only one year prior, and in order to do the debt consolidation it needed to appraise out at $146,000). No one ever came to appraise it, and when i called to ask why, i was told they did it as a 'drive-by' appraisal, meaning that all they had to do was drive past, and they said its worth $150,000. funny, per ameriquest's website,

"PROPERTY VALUATION
We seek to ensure accurate property valuations through the use of licensed appraisers and cutting-edge technology. Appraisals must be full appraisals, with an interior inspection performed in accordance the Uniform Standards of Professional Appraisal Practice. To ensure compliance with these requirements, we maintain lists of approved appraisers, perform an automated review of all appraisals prior to funding, and audit a random sample of appraisals on a monthly basis."

now as i just stated, there was NO full appraisal. NO ONE stepped foot inside my home. and when i asked to see a copy of it, they sent me the exact copy on the one i had done when we first moved into the house. that seems really fraudulant to me!

well, we had money problems, i was pregnant with our 2nd child, and was put on bed rest for premature labor right around christmas, 2004. I called Ameriquest to ask if we could file a forebearance or something to that extent. I was told to send a letter to their president. I sent one, never got a response. i finally called and was told we didnt qualify, and we were basically screwed. I asked if i could send half payments, was told no, and that if i sent anything less than what i owed monthly, it would just come back to me.

My son was born with immature lungs and pneumonia in January, and had to be transported 45 miles to another hospital. He had to stay in the NICU for two wks, costed over $50,000. I called ameriquest to explain the situation and thr fact that we could not make full payments, and asked for other options. I was told no, they were going into forclosure. That was in january, 2005. it is now may, 2005. i have not been able to send any pyments since the one made in december 2004. we are now in the process of trying to do a short sale, cause the house wont come close to selling for the $150,000 they supposivly appraised it at. ironic, huh? this has screwed our perfect credit completely. we feel majorliy scammed.

so see, samantha, and all those who believe it is the fault of the buyer, for not taking classes, and what not to learn about owning a home..

this was not my family's fault: i did not ask for my son to be born sick, i did not ask the hospital to charge me over $50,000 to make him better. i did not ask my husbands job to cut his pay. i did not ask my job at the time to cut my hours and eventually let me go. i cannot get a job, because day care for 2 children is over $300 a week! i would not even make that much in a week. so what am i supposed to do?!

i cannot sell my home because anyone who is interested in it and goes to get it appraised finds out that its not worth $150,000 like ameriquest claims it is. i have called HUD and a ton of other companies that will suposivly help me. no one cares. they dont care until its their family that is getting screwed.

will a short sale hurt my credit? i have been hearing some say yes, some say no. i dont even know if there is any legal action i can take. we ended up moving into an apartment in januay, because we knew we could no longer afford our house. is it even worth me trying to take legal action against ameriquest? i would appreciate the help of anyone out there.

Markanna,

My previous reply to this thread was simply meant to make you aware that there are other avenues to pursue and get quicker results than chasing down a mortgage company that has sold your mortgage. The very fact that HSBC now holds your mortgage is actually somewhat of a positive. HSBC is a conforming lender which means that you have excellent credit for them to have bought your loan from Ameriquest.

As for being verbally assulted by Gene from Mo, it was not my intention to insult him but to just simply point out the fact that his situation and yours are as different as apples and oranges.

It's easy for someone such as Gene or others to say "Ameriquest cheated me!" or "Ameriquest ripped me off!", while living in the middle of the country and having never felt the sting of rain on their cheeks being driven by 90mph winds in the face of a hurricane! I was in Florida during Hurricane Frances trying to ride the storm out and protect what I had worked so hard for... To this moment, I have yet to see a penny from my insurance company, too! But just as you, I am legally obligated and continue to pay that mortgage payment as much as I hate to do so!

I have heard rumors that my own home owners insurance company is going to file bankruptcy just as many others have done. Florida was hit with 4 major hurricanes this past season which caused historical amounts of damage as never seen before!

I have given up on my insurance company... they are overwhelmed and broke! You should consider yourself somewhat lucky... my hurricane deductable is 2% of my homes value and if I read correctly, yours is $500. (forgive me if I'm wrong).

I have contacted every Florida government official as well as FEMA and am now getting the aid, results and funding to rebuild my home. That is the avenue to pursue. Contact your local Red Cross and habitats for humanity organizations. They are there to help and assist!

Gene threw a couple of good verbal jabs at me and you know Markanna, he's right, I do live well. The property in Florida is a vacation home. I live in downtown Chicago and live in a great condo as well as own a couple of investment properties. I'm also single, 36 years old, have no children, work my butt off and have earned everything on my own!

The point I'm trying to make is you and I are no different... my home in Florida is pretty rough. I have a friend down there who checks on it from time to time and secures the ugly blue tarps on the roof to keep the rain out. My home has been vandalized... they stole 2 of my toilets, food from the fridge and my washer and dryer!

Gene may have taken my comments personally but that's someone else's problem... I would really hate to see you waste your energy, time and resources being put on the wrong path to feed others agendas when the most important thing is to get you back on your feet, back in your home and back on track... then, fight someone else's battles.

God Bless and Good Luck!

I will try to see if this guy can get some of my questions answered.

I'm not even sure at this time who my mortgage servicer is, if its still HSBC or if im back to ameriquest?

Thank's

I want you to contact this person at Ameriquest. He may help you get the answers you need. If he doesnt, then I am putting a second contact below just in case.

Bill Cook ceo/vp of Ameriquest


1-800-622-9341 ext# 5001

Jordan Ash ACORN
cell phone # 651-503-4555

Tell Jordan the person who gave you his number was a guy he once helped save his home from Ameriquest. Try Bill Cook first though. Just explain to him what you have told me, and tell him you just want to know what is going on and explain the urgency.

Let me know how it turns out. Gene

Thanks to Samantha, Gene and anyone else that may have some helpful advice.

I have been making payments to a private lender on my home since April 14, 1993 and paying insurance, I've been with the same insurance company for the last 5 years or more, I've paid over 50,000 thousand dollars in the last 11 years to house payments and insurance.

when I refinanced with ameriquest I gave the guy that was closing the loan a quote from my insurance offie as he requested, he said he needed it to close the loan and he would take care of it, Well here we are.

ameriquest's idea of fixing their mistake was to sell the loan to HSBC and then put forced placed insurance on me, all I wanted from them ameriquest,
was for them to pay for what would have been covered in my homeowners insurance.

If they would have done their JOB in the first place, We would be back in my home by now and would not now, 8 month later feel We've lost everything to dangerous mold.

I cant even think about all of this with out crying, I cant understand why it is taking so long for ameriquest to ancer my questions since contacting them about this.

My insurance would have paid for, alternate living expenses content tree removal,
and NOT! have a two thousand dollar deductible, Mine was five hundred.

Now with hurricane season just days away I'm scared, I cant afford to rent much longer and I don't feel we would be safe in the rental home if Hurricanes come.

I hope everyone at ameriquest is sleeps good in their homes at night while we suffer are losses...
ALL of Us.

Thanks

To Samantha,

How dare you attack me for trying to help someone. I was shocked to hear your so called heartfelt feelings to the person from Florida. I dont for a minute believe you are sincerely concerned about this person. You are the one who has an axe to grind, with me.

You have never dealt with Ameriquest, and you have no right to even presume to know what they have done, and are continuing to do to people every day in this country. I personally have fought a battle with them, and like I said, I won.

I did fall on hard times. I went to them and thought they cared liked thier commercial stated. What a fool I was and shame on me for falling for it. Fool me once shame on you, fool me twice shame on me. Meaning I should have seen the semi truck coming at me, but I didnt.

We never once refused to pay our mortgage. We more than once offered to pay them through our Bankruptcy attorney, and each time they refused. All they were interested in was obaining our home so they could try to sell it for a large profit. Dont you ever presume to know me, and pass judgement on me or my family.

To Florida, if you still need help, let me know and I will try to help. I wont sit back and defend Ameriquest like Samantha, but rather I will offer you help.

P.S. Samantha, go to Mortgage Servicing Fraud website, and try to educate yourself about the real world, not the make believe world you obviously live in. No doubt a very upper class world!

Markanna, first of all, God bless you and your family! I was born and raised in Florida and have weathered more huricanes than most people would care to acknowledge.
It sickens me that Gene and the rest of the respondents on this website would even compare themselves to you and your hardship! I have read your story and admire your intestinal fortitude in not using an act of god as an excuss not to pay your mortgage but to add to your struggles... you have a rent payment as well. You have every right to throw in the towel and give up but it's people like you, myself and others that when life hands us lemons, we choose to make lemonade instead of blaming others for our troubles.
I am saddened by your story but a mortgage company is not to blame for lack of insurance. Having grown up in Florida, I am willing to put you in touch with a number of not-for-profit agencies and fema to help rebuild your families lives. It breaks my heart to read your struggles paying your mortgage and a rent payment while others on this thread didn't pay their mortgage, lost their homes to foreclosure and look to blame everyone but themselves.
I look up to people such as yourself! I can only pray that ripoffreport will allow me to help you as you deserve instead of chasing a mortgage company because Gene has an ax to grind to benefit his own agenda.
Best Wishes and God Bless,

Markanna, first of all, God bless you and your family! I was born and raised in Florida and have weathered more huricanes than most people would care to acknowledge.
It sickens me that Gene and the rest of the respondents on this website would even compare themselves to you and your hardship! I have read your story and admire your intestinal fortitude in not using an act of god as an excuss not to pay your mortgage but to add to your struggles... you have a rent payment as well. You have every right to throw in the towel and give up but it's people like you, myself and others that when life hands us lemons, we choose to make lemonade instead of blaming others for our troubles.
I am saddened by your story but a mortgage company is not to blame for lack of insurance. Having grown up in Florida, I am willing to put you in touch with a number of not-for-profit agencies and fema to help rebuild your families lives. It breaks my heart to read your struggles paying your mortgage and a rent payment while others on this thread didn't pay their mortgage, lost their homes to foreclosure and look to blame everyone but themselves.
I look up to people such as yourself! I can only pray that ripoffreport will allow me to help you as you deserve instead of chasing a mortgage company because Gene has an ax to grind to benefit his own agenda.
Best Wishes and God Bless,

Markanna, first of all, God bless you and your family! I was born and raised in Florida and have weathered more huricanes than most people would care to acknowledge.
It sickens me that Gene and the rest of the respondents on this website would even compare themselves to you and your hardship! I have read your story and admire your intestinal fortitude in not using an act of god as an excuss not to pay your mortgage but to add to your struggles... you have a rent payment as well. You have every right to throw in the towel and give up but it's people like you, myself and others that when life hands us lemons, we choose to make lemonade instead of blaming others for our troubles.
I am saddened by your story but a mortgage company is not to blame for lack of insurance. Having grown up in Florida, I am willing to put you in touch with a number of not-for-profit agencies and fema to help rebuild your families lives. It breaks my heart to read your struggles paying your mortgage and a rent payment while others on this thread didn't pay their mortgage, lost their homes to foreclosure and look to blame everyone but themselves.
I look up to people such as yourself! I can only pray that ripoffreport will allow me to help you as you deserve instead of chasing a mortgage company because Gene has an ax to grind to benefit his own agenda.
Best Wishes and God Bless,

I am glad to hear that you are keeping up your mortgage payments. You need to find out if you were paying insurance when the hurricanes came through. If you were, you should have had your house fixed.

Ameriquest will take the insurance money and not pay the insurance company, instead they pocket it for profit. I cant see them doing it in your case. They have nothing to gain by not fixing up your house, unless they expect you to keep paying on a house you cant fix and live in. I personally wouldnt, but that is your choice. I would demand in writing the insurance papers that you were paying for.

Who is your insurance company? Are you paying only collaterall from Ameriquest now?

Let me know, and if you are still having trouble with Ameriquest, let me know and I will put you in touch with my contact at Ameriquest headquarters.

To answer the first question,
I faxed the Quote to the guy that was closing the loan, on July 30, 2004 before the closing.

To answer the Second question,
I'm not sure if it was the President of Ameriquest, that was who He said he was when I called the office in Orange Ca.

Since then, I have been working with His secretary up until April 14, 2004.

So far I have not contacted ACORN.

At this time I'm still making Mortgage payments on time and paying rent, plus forced placed insurance, and other daily expences.

Thank's so much for responding as soon as you did.

I am responding to Florida. I am sorry about your troubles. It must be hard to lose your home to mother nature, then lose it to Ameriquest! I am unclear about the insurance problem. Did you send a quoted insurance fax to Ameriquest to include it in your payments? They would normally automatically place collaterall insurance to cover loss, and then up your payments, until you provide your own insurance, but you have to provide proof to the company.

Second, was it the president of Ameriquest you spoke to? I have spoken with the CEO/ VP of Ameriquest to solve my past problems.

I was also wondering if you have contacted your local chapter of ACORN, who has had dealings with Ameriquest?

Let me know the answers to these questions, and then we will go from there, okay?

I can probably help you, if you give me a chance.

I am responding to Florida. I am sorry about your troubles. It must be hard to lose your home to mother nature, then lose it to Ameriquest! I am unclear about the insurance problem. Did you send a quoted insurance fax to Ameriquest to include it in your payments? They would normally automatically place collaterall insurance to cover loss, and then up your payments, until you provide your own insurance, but you have to provide proof to the company.

Second, was it the president of Ameriquest you spoke to? I have spoken with the CEO/ VP of Ameriquest to solve my past problems.

I was also wondering if you have contacted your local chapter of ACORN, who has had dealings with Ameriquest?

Let me know the answers to these questions, and then we will go from there, okay?

I can probably help you, if you give me a chance.

I am responding to Florida. I am sorry about your troubles. It must be hard to lose your home to mother nature, then lose it to Ameriquest! I am unclear about the insurance problem. Did you send a quoted insurance fax to Ameriquest to include it in your payments? They would normally automatically place collaterall insurance to cover loss, and then up your payments, until you provide your own insurance, but you have to provide proof to the company.

Second, was it the president of Ameriquest you spoke to? I have spoken with the CEO/ VP of Ameriquest to solve my past problems.

I was also wondering if you have contacted your local chapter of ACORN, who has had dealings with Ameriquest?

Let me know the answers to these questions, and then we will go from there, okay?

I can probably help you, if you give me a chance.

Dear Gene,
I'm not sure what to do at this time, I am a single mother and take care of my mother and sister. in Augest, 2004 the guy that closed the Mortgage at Ameriquest asked me if I had homeowners insurance, I told him no he asked me to get a quote and fax it to him, so I did.
he said it would be taken care of, well I guess he did't do what he had promissed Becouse soon after the closing Hurricane Frances, Ivan, and Jean, past over us doing damages, when I called my insurance office I was told that Ameriquest never paid for the insurance so I called Ameriquest and asked, why dont I have Insurance on my home? He said that was My problem.
so to make a long story short I have been talking with someone at the office of the President since
December of 2005 they even told me that they had come to an agreement and it was in my favor, from there it went to be drawn up by the lawyers, they approved it and it went from there to one persone for final approval, then I was told that She said to send it to the costomer resolutions department.

Its been over two Hundred and Twenty days since Hurricane Jean, and when I first reported this to Ameriquest, soon after contacting them about this problem, I got a letter saying that they were selling the loan to HSBC, I tried to tell HSBC but their costomer services S/cks! so bad that they didnt do anything intel I sent a fax to Greg G, at the Brandon office, now they HSBC are asking Ameriquest to buy it back.

Meanwhile My Family and I have been renting making mortgage payments and having to pay for forced placed insurance.
Where is My American dream?

P.S. this is only one problem, also there was empty intrest rate promises Two HUDS and different payouts. I would realy Appericate any advice you may have. Thanks M.S

I wanted to thank Frank for defending people like myself against the likes of Samantha, who needs to get a clue about Ameriquest.
I also want to address Samantha. As far as my sale of my home to a relative opening up a can of worms, it aint gonna happen. The CEO/ VP of Ameriquest told his people to make the sale happen!
I fell on hard times, and contacted Ameriquest to set up a payment plan. They told me I didnt qualify because I wouldnt be able to honor the plan! So the next thing I tried was a " short sale". After writing a letter pleading my case, they agreed to it. I lined up a buyer, and we were in the process of selling it to my grandfather, who was lopoking to invest some of his retirement money. I find out the house is foreclosed on, and the people at Ameriquest tell me to ignore it, that it was only a technicality, and everything was moving forward as planned. They said the same thing about the auction of my house. I actually believed them!

After the sale of my house to Ameriquest, they tell me the deal was off, and that they wanted the price of thier own appraisal, which was, guess what, 20,000.00 more than the actual value.

I had had enough, and contacted ACORN, who in turn put me in touch with the CEO/VP at Ameriquest. After hearing my story, he called and made his people sell the house for what I thought it was worth. It pissed alot of people off, but I didnt care. I would have loved to have been a fly on the wall at Ameriquest when they got the call.
The broker who lined up the mortgage from my side said he had never heard such hatred and vile language in all of his years as a mortgage broker. He told us the people at Ameriquest were screaming and cussing over the phone!
Anyway, I vowed to try to help whoever I could after my ordeal. Unlike Samantha, I have been in the trenches with Ameriquest, and I know they fight down and dirty.. My advice to everybody. Fight dirty too, if it means keeping your home!

Again, thank you Frank, and everyone else who speaks out and tells it like it is. Keep up the fight!

This is a response to Samantha from Chicago, IL:

Samantha: But nearly every state offers a class to educate borrowers about financing their home as well as requiring that each loan has a "tangible benefit" for the borrower. These items are included in all disclosures that are required to be signed and dated by the borrower.

Frank: Yes, that's true. But what about outfits like Ameritheft who routinely change the terms of the loan at the closing?

Samantha: I am in no way defending the "rotten eggs" in our industry but the borrowers must take some "ownership" in the refinance of their home.

Frank: I'm glad you said that because the balance of your posting seems to indicate otherwise. Please tell us how you can take some ownership when the entire industry is designed around keeping the customer in the dark and manipulating him, similar to the way that the auto industry works. Do you mean that the customer should bring his own attorney with him to the closing?

Samantha: "Pushing" values on appraisals, I'm sad to say, is a common practice. More often than not, it's due to the fact the borrower needs more cash-out to pay of debt, taxes, or many other things. The broker is not to blame, the appraiser is the one responsible for inflated values.

Frank: How, pray tell, is the broker not to blame? The broker knows d**n well what is going on but he turns a blind eye to it. In politics they have a name for this: plausible deniability. In the real world, it goes by another name: conspiracy to commit fraud.

Samantha: Working for a sub-prime lender, the majority of our borrowers are "high-risk" or have "blemished credit." From my understanding, Ameriquest is also considered a sub-prime company that offers the same "high-risk" or "blemished credit" loans.

Frank: Yes, they do. They also lie, cheat, and commit fraud to get their victims (customers) qualified. And don't say that the higher-ups in companies like Ameritheft don't know what's going on. There have been plenty of court cases and investigative journalistic pieces that say otherwise.

Samantha: Having been on both sides of the business, I can assure anyone that lenders do not want to foreclose on a borrowers home. It costs lenders more money to foreclose on a property through legal fees, court filings but they must also "eat" the loan and repay their investors due to a non-performing loan.

Frank: Both sides? You mean, the side that screws the customers and the side that screws the investors? Face it: Ameritheft is making money hand over fist by selling these loans to investors and pocketing the difference, which is substantial. Doesn't it make sense that a company that makes nothing but bad loans would eventually go out of business? If so, why hasn't Ameritheft gone Chapter 7 yet? It's because their entire business is based on screwing both sides of the transaction, both the investors and the customers.

Samantha: If contacted and informed of a hardship, any lender will work out a payment plan to help the borrower through their hardship.

Frank: Apparently you haven't been reading the posts on this site, or you're simply nave, or (more likely) you're a mortgage industry shill. In the case of Ameritheft, if they work out a payment plan, the terms are so bad for the customer that it's obvious that Ameritheft wants you to default.

Samantha: Your home is the biggest investment most people make in their lifetime. Read, ask questions, get advice but be educated. You have rights as a borrower, exercise them!

Frank: Figured that out all by yourself, did you? We here on this site are exercising our rights, too, by outing companies like Ameritheft, Wells-Fargo, Ocwen, and a host of others. I'm not saying that all subprime lenders are crooks; only about 98% of them are, but they're the ones who give the industry a bad name.

Having discovered this site by pure accident, I have read many stories about borrowers and the hardships they have experienced.

I was a loan officer many years ago and am now working in sales for a wholesale sub-prime lender. I do not work for nor am I defending the above mentioned company, Ameriquest. I was driven to respond to this particular posting after reading the original report from Gene in Missouri and the responses it provoked.

I feel bad for the borrowers who feel victimized and the economic challenges they have faced. But nearly every state offers a class to educate borrowers about financing their home as well as requiring that each loan has a "tangable benefit" for the borrower. These items are included in all disclosures that are required to be signed and dated by the borrower.

I am in no way defending the "rotten eggs" in our industry but the borrowers must take some "ownership" in the refinance of their home.
"Pushing" values on appraisals, I'm sad to say, is a common practice. More often than not, it's due to the fact the borrower needs more cash-out to pay of debt, taxes, or many other things. The broker is not to blame, the appraiser is the one responsible for inflated values. As far as taxes, the title companies are responsible and held accountable for recording deeds, paying real estate taxes and distributing all checks for debt paid through the refinance.

Working for a sub-prime lender, the majority of our borrowers are "high-risk" or have "blemished credit." From my understanding, Ameriquest is also considered a sub-prime company that offers the same "high-risk" or "blemished credit" loans.

Having been on both sides of the business, I can assure anyone that lenders do not want to foreclose on a borrowers home. It costs lenders more money to foreclose on a property through legal fees, court filings but they must also "eat" the loan and repay their investors due to a non-performing loan.

In closing, a loan is a contract that a borrower signs with the understanding of the term, payment, payment due date, etc. If the borrower misses a payment, they are in breach of the contract and the lender has a right to take action. If contacted and informed of a hardship, any lender will work out a payment plan to help the borrower through their hardship.

But addressing Gene in Missouri, I'm glad you got your house back from the foreclosure. However, the manner in which you described... a relative bought the house back for you and you reside in it, may open a can of worms. The transaction could come under investigation and researched under public records by anyone and if any information is found not to be "true and correct," you or your relative may face a completely different situation.

This response is written to inform and not blame. Your home is the biggest investment most people make in their lifetime. Read, ask questions, get advice but be educated. You have rights as a borrower, exercise them!

thank all of you so much for all the information i hope it works i will let you know how it goes

Please make a search on google for Mortgage Servicing Fraud.

There is a support group with a forum were you can post and get replies and information. There is much info on Ameriquest.

There are other sections with articles and other related info that can help you.

The Servicing Industry has fine-tuned their rip-off so that it is getting worse and worse, but also more and more people are getting wise to their tricks as well. You can help yourself.
Check it out now!

Please make a search on google for Mortgage Servicing Fraud.

There is a support group with a forum were you can post and get replies and information. There is much info on Ameriquest.

There are other sections with articles and other related info that can help you.

The Servicing Industry has fine-tuned their rip-off so that it is getting worse and worse, but also more and more people are getting wise to their tricks as well. You can help yourself.
Check it out now!

Please make a search on google for Mortgage Servicing Fraud.

There is a support group with a forum were you can post and get replies and information. There is much info on Ameriquest.

There are other sections with articles and other related info that can help you.

The Servicing Industry has fine-tuned their rip-off so that it is getting worse and worse, but also more and more people are getting wise to their tricks as well. You can help yourself.
Check it out now!

Please make a search on google for Mortgage Servicing Fraud.

There is a support group with a forum were you can post and get replies and information. There is much info on Ameriquest.

There are other sections with articles and other related info that can help you.

The Servicing Industry has fine-tuned their rip-off so that it is getting worse and worse, but also more and more people are getting wise to their tricks as well. You can help yourself.
Check it out now!

I wanted to add to this message, because I couldnt believe all of the people who have responded to my original message. I was dumbfounded because I cant believe this is still happening, after all of these years since I had to fight to save my home.

It appears to me that Ameriquest has become such a powerful force that they cannot be touched.

I wait and wait to hear that they have been placed under investigation for fraud, or whatever else they can find on this company, and nothing happens. Do the authorities need to be led by the nose, literally, to find and prove all of the allegations? They dont have to look far, if they would just come to this site.

I wonder how much money they give to the politicians? I have even written to a major news network and told them about Ameriquest. This was 2 years ago, and still I dont hear anything.

I say shame on the judges that allow them to settle class action lawsuits for pennies, because that is what a couple hundred million is to Ameriquest. What I cannot figure out is why havent these people been held " criminally" responsible, like anyone else who defrauds someone?

The thing that aggrevates me about this site is that people are unable to get ahold of each other and compare notes, and help each other. I tried to enter my email adress and it was replaced by another phrase.

I cant reveal my source on this website, as I dont know if the person would get into serious trouble.

It sounds to me like you were royally screwed at the sale. What was the starting bid on the house? What they did was made sure that they would have sole posession of your property, so they could unload it for a huge profit. You wouldnt be allowed to purchase your own home back anyway..

They placed my home on the market for 15,000 more than it was worth too. I made contact with ACORN, who gave me his contact inside Ameriquest headquarters. I told this person what his people had done to me, and he asked me what would help to settle the matter.

I told him I had a buyer that was willing to pay the real value of the house, and he said consider it done, and on top of it all, I actually bought it myself, through a relative. I am paying the mortgage, and was told in a year, I can refinance it back into my own name.

please respond and let me know how you did it they have over appraised and foreclosed i have my own true appraissal the home is only worth 30000.00and they want59000.00 and they bought it back for 50050.00 i offered 51000.00 and they wouldnt sale i need help in a hurry

The first thing I did was place a call to ACORN, or you can email the regional office in your area. I would tell them how your house was appraised for more than it was worth, in order I assume to push the loan through. My appraisal was too low too the first time, so the guy who was working the loan told me he was sending his own appraiser out the next day. Guess what, it appraised out at the exact amount needed.

The next thing you need to do is request in writing copies of all of your loan papers you signed. I would bet you would find some changes made.

I would recommend also contacting your state attorney general.

I dont know your situation, if you are in foreclosure, or what. Do you want to refinance, or do you just want to sell and get out from under them?

If you cant get any help from ACORN, then reply back and I will see what else I can do. I cant go into great detail here on this site, but I would be willing to talk to you via email or by phone.
My mind was made up to do what I could to help other people, and I would love to see certain people at Ameriquest fired.
Keep in touch.

please i need help they foreclosed on my home also .ameriquest bought it for less than what they wanted from me 50050.00 i went to the confirmation of the sheriffs sale and had 51000.00 ameriquest refused . i wasnt even notified of the foreclosure date. the judge didnt even care i need help fast can you help

i am in the same situation you were in. my house was over appraised by 40,000.00 now i have no lender to finance me ,because of course it is not worth what i owe!!!!!!!!!!!!!!!!! any help appreciated1!!

i am in the same situation you were in. my house was over appraised by 40,000.00 now i have no lender to finance me ,because of course it is not worth what i owe!!!!!!!!!!!!!!!!! any help appreciated1!!

i am in the same situation you were in. my house was over appraised by 40,000.00 now i have no lender to finance me ,because of course it is not worth what i owe!!!!!!!!!!!!!!!!! any help appreciated1!!

i am in the same situation you were in. my house was over appraised by 40,000.00 now i have no lender to finance me ,because of course it is not worth what i owe!!!!!!!!!!!!!!!!! any help appreciated1!!