I too was involved in the inflated appraisal by Ameriquest to the tune of 30,000.00 They put me in an ARM with the promise that I could refinance in 1 year provided I made the payments on time. They then sold my loan to Countrywide Home Loans. I tried to refinance with a perfect pay history of 2 years and when the appraisal was done it came in 30,000 less than the house is worth. I have an ARM that constantly goes up (3 times in 1 year) and the wonderful 8% loan is now at 10.25 and will be going up again in August. If this continues I will not be able to make the payments. I contacted the Attorney General and they told me if I was included in the lawsuit against Ameriquest they would let me know by summer. I never heard, contacted them again and they said I must not have been included. I know for a fact I sent the form back mailed to me and got nothing. Can I go after them by myself?
0 comments