I was an employee for Ameriquest in 2 states, Missouri so they would push as many through as they possibly could the last 2 weeks of every month. This is why they would close a loan without any income information, without an appraisal and without clear title work. We were given 7 days to fund (to ...
My husband and I refinanced with Ameriquest in 2002. Our townhouse was appraised for $138,500 at the time, which we would come to find out later was an inflated appraisal. Our interest rate was over 11% and our payments were almost $1800 a month. We made our payments on time every month but we ...
We refinanced with ameriquest Mortgage Co.in 2004 they sent out an agent to fill out our paper work and he mentioned an adjustable rate and we told him there was no way we wanted an adjustanle rate he told us in 6 months we would be able to go to a fixed rate. They sent out an apprasier to appraise ...
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 ...
Went to get a mortgage from ameriquest and they told us our credit was bad so the would have to do a ajustable rate then they asked for our bank account records they used them as income for me saing i did babysitting but i did not i am a housewife They said the mortgage would be one price and came ...
The company did a bogus appraisal no one from their company ever came to my home to appraise it. It had been appraised one year prior and the value was $59,000 they appraised it at $74,000 without ever seeing the home inside or outside. They also raised the interest from 7.2% to 10.5%. At one point ...