Complaint Review: AMERIQUEST MORTGAGE COMPANY

Dear Friends,
This is just a quick note. We knew we had paid our house taxes, and Ameriquest said "they did"? At the time there was so much was going on,we let it go. Until today, we went up to the city to check[on a fling], just to crure our ache we had on this subject.

Well, we paid the taxes, and Ameriquest had given themselves a little extra bonus! In that instant, it was faxed, a copy to the O.F.I.S.[Office of Finacial Services]. You have one in your state, probably called Insurance Regulators, or something to the affect.

Now go through your contract an check everything. I hope by now, you all have your contract? If not get it! We need to come together, and fight.

Believe me, their are more of us, then them. You also have to remember that, not all employee's who work for Ameriquest are fraudulent. But they must pay the price for those who took our faith away, in the mortgage business.

Good Luck And Write In

Best Wishes

Dear Friends, I have done more research on Ameriquest Mortgage, and look at the other parts of there family. Ameriquest Capital, Town and Country, and Ocwen. That does open the door for some of us. I do have a name of a women who works in the legal department(For on of the big ones) for Ameriquest. Her name is Donna L. Plett and her number is (714) 541-9960 and Fax (714) 245-0397 and lets not make this a call you have to pay. So here is the Toll-Free number 1-800-523-3964 and why not push her Ext. 4378.

Now she thinks she is tough, but she is not. So you ask her for copies of your contract. You have the Fax number, have everything ready in a letter of what you want from here. Have a list of things in writing that you need to verify your contract.

Now for some more news? In July 2000, Ameriquest committed to make a number of enhancements to its lending policies and practices to the FEDERAL TRADE COMMISSION IN WASHINGTON,D.C. that they would

1.provide disclosures that educate borrowers about the loan process, the terms of their loans, and the availability of credit counseling;

2.not refinance an Ameriquest mortgage loan within 24 months of its origination;

3.not offer loans with ballon payments, negative amortization, or mandatory arbitration clauses;
4.not finance single-premium credit life insurance; and

5.extend to borrowers refinancing their owner-occupied mortgage secured loan rescission rights from 3 days after the loan is consummated(as provided for in TILA) to 7 days

Which this came into effect Novenber 1, 2000 called "Best Practices" Hope this a little more help.

Best Wishes

Dear Friends, I have done more research on Ameriquest Mortgage, and look at the other parts of there family. Ameriquest Capital, Town and Country, and Ocwen. That does open the door for some of us. I do have a name of a women who works in the legal department(For on of the big ones) for Ameriquest. Her name is Donna L. Plett and her number is (714) 541-9960 and Fax (714) 245-0397 and lets not make this a call you have to pay. So here is the Toll-Free number 1-800-523-3964 and why not push her Ext. 4378.

Now she thinks she is tough, but she is not. So you ask her for copies of your contract. You have the Fax number, have everything ready in a letter of what you want from here. Have a list of things in writing that you need to verify your contract.

Now for some more news? In July 2000, Ameriquest committed to make a number of enhancements to its lending policies and practices to the FEDERAL TRADE COMMISSION IN WASHINGTON,D.C. that they would

1.provide disclosures that educate borrowers about the loan process, the terms of their loans, and the availability of credit counseling;

2.not refinance an Ameriquest mortgage loan within 24 months of its origination;

3.not offer loans with ballon payments, negative amortization, or mandatory arbitration clauses;
4.not finance single-premium credit life insurance; and

5.extend to borrowers refinancing their owner-occupied mortgage secured loan rescission rights from 3 days after the loan is consummated(as provided for in TILA) to 7 days

Which this came into effect Novenber 1, 2000 called "Best Practices" Hope this a little more help.

Best Wishes

Dear Friends, I have done more research on Ameriquest Mortgage, and look at the other parts of there family. Ameriquest Capital, Town and Country, and Ocwen. That does open the door for some of us. I do have a name of a women who works in the legal department(For on of the big ones) for Ameriquest. Her name is Donna L. Plett and her number is (714) 541-9960 and Fax (714) 245-0397 and lets not make this a call you have to pay. So here is the Toll-Free number 1-800-523-3964 and why not push her Ext. 4378.

Now she thinks she is tough, but she is not. So you ask her for copies of your contract. You have the Fax number, have everything ready in a letter of what you want from here. Have a list of things in writing that you need to verify your contract.

Now for some more news? In July 2000, Ameriquest committed to make a number of enhancements to its lending policies and practices to the FEDERAL TRADE COMMISSION IN WASHINGTON,D.C. that they would

1.provide disclosures that educate borrowers about the loan process, the terms of their loans, and the availability of credit counseling;

2.not refinance an Ameriquest mortgage loan within 24 months of its origination;

3.not offer loans with ballon payments, negative amortization, or mandatory arbitration clauses;
4.not finance single-premium credit life insurance; and

5.extend to borrowers refinancing their owner-occupied mortgage secured loan rescission rights from 3 days after the loan is consummated(as provided for in TILA) to 7 days

Which this came into effect Novenber 1, 2000 called "Best Practices" Hope this a little more help.

Best Wishes

Dear Friends, I have done more research on Ameriquest Mortgage, and look at the other parts of there family. Ameriquest Capital, Town and Country, and Ocwen. That does open the door for some of us. I do have a name of a women who works in the legal department(For on of the big ones) for Ameriquest. Her name is Donna L. Plett and her number is (714) 541-9960 and Fax (714) 245-0397 and lets not make this a call you have to pay. So here is the Toll-Free number 1-800-523-3964 and why not push her Ext. 4378.

Now she thinks she is tough, but she is not. So you ask her for copies of your contract. You have the Fax number, have everything ready in a letter of what you want from here. Have a list of things in writing that you need to verify your contract.

Now for some more news? In July 2000, Ameriquest committed to make a number of enhancements to its lending policies and practices to the FEDERAL TRADE COMMISSION IN WASHINGTON,D.C. that they would

1.provide disclosures that educate borrowers about the loan process, the terms of their loans, and the availability of credit counseling;

2.not refinance an Ameriquest mortgage loan within 24 months of its origination;

3.not offer loans with ballon payments, negative amortization, or mandatory arbitration clauses;
4.not finance single-premium credit life insurance; and

5.extend to borrowers refinancing their owner-occupied mortgage secured loan rescission rights from 3 days after the loan is consummated(as provided for in TILA) to 7 days

Which this came into effect Novenber 1, 2000 called "Best Practices" Hope this a little more help.

Best Wishes

Dear Friends, Just a brief note. I have found out that we have more laws in favor for our rights then we knen about. They are the Federal Common Laws that protect us. These Federal Laws go way back, and are effected to date. Write your Federal Senator, and he or she to send you the packent on Federal Comman Laws that protect the rights of the consumer.

Example: "Making false or misleading statements of fact concerning the reasons for, existence of, or amounts of price reductions" (Discount Points, Discounts of fees )-Things that are not even a reduction)

Example:"Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services"

Example:Failing, in a consumer transaction that is rescinded, canceled, or otherwise terminated in accordance with the terms of an agreement, advertisement, representation, or provision of law, to prompltly retore to the person or persons entitled to it a deposit, down payment, or other payment, or in the case of property traded in but not available,the greater of the agreed value or the fair market value of the property, or to cancel within a specified time or an otherwise reasonable time an acquired security interest

Also some good reading from the "Federal Prosecution of Business Organizations" is www.usdoj.gov

I hope that some of this can help? I 'am working on my case, so when I get more information I will pass it along to everyone.

Also RipOff has a great book out called, "Rip-off Revenge" oh you must get it; Worth every penny, and great price. I just got a return on my investment today. I used the book, and, did I not only get my money back, I got more service from this company. It was a emplyoee's fault, but when you own a business-to bad.

Best Wishes,
Michigan

Dear Friends, Just a brief note. I have found out that we have more laws in favor for our rights then we knen about. They are the Federal Common Laws that protect us. These Federal Laws go way back, and are effected to date. Write your Federal Senator, and he or she to send you the packent on Federal Comman Laws that protect the rights of the consumer.

Example: "Making false or misleading statements of fact concerning the reasons for, existence of, or amounts of price reductions" (Discount Points, Discounts of fees )-Things that are not even a reduction)

Example:"Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services"

Example:Failing, in a consumer transaction that is rescinded, canceled, or otherwise terminated in accordance with the terms of an agreement, advertisement, representation, or provision of law, to prompltly retore to the person or persons entitled to it a deposit, down payment, or other payment, or in the case of property traded in but not available,the greater of the agreed value or the fair market value of the property, or to cancel within a specified time or an otherwise reasonable time an acquired security interest

Also some good reading from the "Federal Prosecution of Business Organizations" is www.usdoj.gov

I hope that some of this can help? I 'am working on my case, so when I get more information I will pass it along to everyone.

Also RipOff has a great book out called, "Rip-off Revenge" oh you must get it; Worth every penny, and great price. I just got a return on my investment today. I used the book, and, did I not only get my money back, I got more service from this company. It was a emplyoee's fault, but when you own a business-to bad.

Best Wishes,
Michigan

Dear Friends, Just a brief note. I have found out that we have more laws in favor for our rights then we knen about. They are the Federal Common Laws that protect us. These Federal Laws go way back, and are effected to date. Write your Federal Senator, and he or she to send you the packent on Federal Comman Laws that protect the rights of the consumer.

Example: "Making false or misleading statements of fact concerning the reasons for, existence of, or amounts of price reductions" (Discount Points, Discounts of fees )-Things that are not even a reduction)

Example:"Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services"

Example:Failing, in a consumer transaction that is rescinded, canceled, or otherwise terminated in accordance with the terms of an agreement, advertisement, representation, or provision of law, to prompltly retore to the person or persons entitled to it a deposit, down payment, or other payment, or in the case of property traded in but not available,the greater of the agreed value or the fair market value of the property, or to cancel within a specified time or an otherwise reasonable time an acquired security interest

Also some good reading from the "Federal Prosecution of Business Organizations" is www.usdoj.gov

I hope that some of this can help? I 'am working on my case, so when I get more information I will pass it along to everyone.

Also RipOff has a great book out called, "Rip-off Revenge" oh you must get it; Worth every penny, and great price. I just got a return on my investment today. I used the book, and, did I not only get my money back, I got more service from this company. It was a emplyoee's fault, but when you own a business-to bad.

Best Wishes,
Michigan

Dear Friends, Just a brief note. I have found out that we have more laws in favor for our rights then we knen about. They are the Federal Common Laws that protect us. These Federal Laws go way back, and are effected to date. Write your Federal Senator, and he or she to send you the packent on Federal Comman Laws that protect the rights of the consumer.

Example: "Making false or misleading statements of fact concerning the reasons for, existence of, or amounts of price reductions" (Discount Points, Discounts of fees )-Things that are not even a reduction)

Example:"Causing a probability of confusion or misunderstanding as to the source, sponsorship, approval, or certification of goods or services"

Example:Failing, in a consumer transaction that is rescinded, canceled, or otherwise terminated in accordance with the terms of an agreement, advertisement, representation, or provision of law, to prompltly retore to the person or persons entitled to it a deposit, down payment, or other payment, or in the case of property traded in but not available,the greater of the agreed value or the fair market value of the property, or to cancel within a specified time or an otherwise reasonable time an acquired security interest

Also some good reading from the "Federal Prosecution of Business Organizations" is www.usdoj.gov

I hope that some of this can help? I 'am working on my case, so when I get more information I will pass it along to everyone.

Also RipOff has a great book out called, "Rip-off Revenge" oh you must get it; Worth every penny, and great price. I just got a return on my investment today. I used the book, and, did I not only get my money back, I got more service from this company. It was a emplyoee's fault, but when you own a business-to bad.

Best Wishes,
Michigan

After reading your report I am willing to help because you are right. Too many people have been hurt by Ameriquest, and it's time that even ex employees come forward and help.

I worked at Ameriquest in the Tampa Fl. office, and I quit because of the lending practices that the branch manager and regional manager wanted us to do, and it was all illegal. I know because I seen it, and lived it, and quit because I could not do what some of the Loan officers were doing just so that they could get on the good side of managment. I was not the only one to quit. A bunch of us quit or got fired because we couldn't meet the quota of loans that the managment wanted.

8 and 10 loans wasn't enough for Ameriquest. They wanted 15 to 20 loans per month, and told us to do them anyway we could. Fake W-2 forms, inflated appraisals, lieing to the customers and that is just to name a few. In fact a loan officer from that office was just fired for her wrong doings, and is involved in 4 lawsuits against Ameriquest. Crazy stuff goes on there, and I wanted no part of it at all. I was getting sick over it. It is so hard to get 8 to 10 loans per month and I was working 70 hours per week. Yet there was a couple of loan officers that had no problem doing 20 loans per month. Yes 20 loans per month, and they still do because managment bribes you, and forces you to do them.

Processors, and appraisers and managment do whatever it takes to get a loan thru. They don't care about the borrower that will suffer at the end. All they care about is the fat paychecks of $20.000 to $30.000 a month illegally. Lawsuits on the Cypress Ave office in Tampa Fl. are posted on this site with contact numbers to call.

Thanks to this great site that Rip-Off Report provides people with, they can file complaints. I am coming forward and will contact all the people that I can, even the corparate offices in CA. not that they care much but if people complain enough then things have to change. Thank you for giving me the chance to do something that I thought about doing but never had the guts to do it.