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  • Report:  #145191

Complaint Review: Ameriquest - Amc

Ameriquest - Amc RIPOFF, I went through 4 closings with ameriquest. They are predatory lenders! West Palm Beach fl

  • Reported By:
    loxahatchee Florida
  • Submitted:
    Mon, June 06, 2005
  • Updated:
    Mon, June 06, 2005

ameriquest has me go through (4) closings. all i wanted was a home equity loan, but by the time i was finished, 6 weeks after the initial contact with alex gleitman in the west palm florida office, my interest rate went from 7% to 12%!!!!!

the scam starts with bums' rush phone calls telling you how lucky you are to be approved given your credit score, then the closings start... no money after 2 weeks, oh sorry your loan didn't go through....

did you know you can't reach a rep because others in the office hang up on you, or lie and say he's not in, "becaue they are jealous of him".

did you know that the corporate office kicks the loans back saying the appraisals are wrong (never mind it is all over the papers that palm beach county real estate values are growing at 30$ per year), but the nice guy will give up his commission and get the loan done?

file a complaint with florida banking examiner's office, tom gallagher in gov's office. better yet, let's get a class action suit started against these predators!

Lorrin
loxahatchee, Florida
U.S.A.

1 Updates & Rebuttals


Dave

Jacksonville,
Florida,
U.S.A.

Stop Rambling and talk some sense!!!

#2Consumer Comment

Mon, June 06, 2005

What are you going off about? I have absolutely no clue what you said.

First off, NEVER get a loan with Ameriquest. 2nd, if you close, you close, they can't come back after you have signed the HUD and tell you that you didn't get the loan.

The HUD contains the interest rate. They can't charge you more than the original percentage on the HUD.

You need an attorney, and a valium.

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