Ameriquest mortgage refinanced my home for me about 6 months ago and they had an appraisel company by the name of JBN Appraisels come out and appraise our home it came back really high, but I did not question it assuming they were using a repritable company to appraise my my home. I was given an extremely high interest rate of 10.65% in order to have our loan approved, we assumed that was the best we could get since non of the other companies were calling us back. Recently we have decided to refinance again to bring our interest rate down as well as our payments and when I called back the Mortgage Broker that helped us through Ameriquest who assured us and promised us that in 6 months we would be able to refinance and get out payments and interest lowered, I found out that she no longer works there and that Ameriquest told us in no uncetain terms they would not be refinancing us.
So we decided to go with another company who sent an appraiser out to our home, Ameriquests appraiser gave our home a value of $121,000.00 the appraisel we just had done is for $100,000.00, which according to a local realestate agent is an accurate appraiser for our area. Needless to say we owe $108,000.00 on our home through Ameriquest still, so becasue they paid this JBN appraiser Joel Nanzer over $400.00 for his appraisel he fluffed his numbers for them and because my home is not worth what I owe Ameriquest no one will refinace me and so they pritty much just totaly ripped me off and wil be able to continue to do so untill I pay the cost of my mortgage down, to what my home is worth which could take years, oh ya by the way the JBN appraisel company won't return my calls to confirm there appraisel amount so that we can get accurate findings either. Ameriquest has placed my family in a situation where becuse we can not get refinanced we are going to have to file Bankruptsy.
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