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  • Report:  #632359

Complaint Review: Amerisave Mortgage Company

Amerisave Mortgage Company This Senior Citizen is another victim and out $285.00 Go elsewhere for new mortgage or refinancing. Atlanta, Georgia

  • Reported By:
    Senior Citizen — Pennsylvania United States of America
  • Submitted:
    Tue, August 17, 2010
  • Updated:
    Tue, August 17, 2010

I was looking to refinance and paid $285 for credit report and appraisal. Apparently, Amerisave requires such stringent appraisal requirements that the appraiser used a distress sale in our community as the lead comp and had numerous other critical errors in the appraisal report. My $300+ new home was appraised for $70,000 lower than it was six months earlier! When errors were brought to the attention of Amerisave they blew me off and told me to go find (hire) a realtor and identify some additional comps- did not request the appraiser to review or correct the report. That's when I knew they were unethical.  Kept the $285 and declined the application. In PA you have no recourse without bringing legal suit.

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