My mortgage company Ameriquest Mortgage Services aka AMC appraised my home at $160,000 when refinancing for home improvements. Two years later I tried to refinance to lower my payments and AMC said my home was only worth $120,000. I explained to them about their $160,000 appraisal and they said that it doesn't matter.
My wife lost her job and we tried to refinance to lower our payments but everyone says we owe more then the house is worth. They wondered how we got a loan for more then the house is worth. Not only that but we have a 12% early repayment policy.
Our home is presently in foreclosure and AMC is not willing to work with me to lower my payments. I have all my paperwork including the name and agency of the appraiser.
It is as follows:
Indiana Professional Licensing Agency Appraiser
302 W. Washington St., Room EO34, Indianapolis, In 46204
Phone (317) 234-3009
Name of Appraiser: Darla P. Morales
2156 N. Meridian Street
Indianapolis, In 46202
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