Complaint Review: Ameriquest Mortgage AMC Mortgage - Orange California

I can understand your frustration as an Ameriquest Employee, Acount Executive, I was told I could make 30thousand plus a month by just lying or bending the truth. I can tell you this is not uncommon, for the record a case was settled by Ameriquest in Oakland CA 2 years ago where the same thing happened they made a loan for someone they new couldn't afford it even though he wanted the loan. Ameriquest lost the case and the old man kept his house payment free plus he no longer has to pay property taxes on the home and he doesn't have to repay ameriquest he got to keep all the money also ameriquest had to pay his attorney fees! I know this because it involved a co-worker at my office. Even though the guy wanted this loan and they knew he couldn't afford it they gave him the loan. How you ask? Well Ameriquest gives its employees a 1 week fun training class for new employees where the highlight is an open bar! These are the people advicing you on your financial needs. The real learning comes at the office where your manager teaches you to forge documents, look at your papers the income numbers probably don't add up, they also teach you to pressure appraisers to invlate values. We often paid $1000 to an appraiser to do a standard report that should cost $350 because we where buying value, these fees or overages above what you paid where never seen because the lender AMC would pay the differtance so all you see is a $350 report. Hope that gives you some insight

Hi Diana Look up mortgage servicing fraud find other message boards. lots of help there. Toolboxes and Sinking ships Make sure you send the letters asking why and keep copies of everything. Get copies of everything. Check for forced placed insurance. Do you have an escrow account? Try to keep making your payments and keep up the fight! Get your DEED. reread you contract. here is some info that may help. Good Luck _________________________________ fraud n. the intentional use of deceit, a trick or some dishonest means to deprive another of his/her/its money, property or a legal right. A party who has lost something due to fraud is entitled to file a lawsuit for damages against the party acting fraudulently, and the damages may include punitive damages as a punishment or public example due to the malicious nature of the fraud. Quite often there are several persons involved in a scheme to commit fraud and each and all may be liable for the total damages. Inherent in fraud is an unjust advantage over another which injures that person or entity. It includes failing to point out a known mistake in a contract or other writing (such as a deed), or not revealing a fact which he/she has a duty to communicate, such as a survey which shows there are only 10 acres of land being purchased and not 20 as originally understood. Constructive fraud can be proved by a showing of breach of legal duty (like using the trust funds held for another in an investment in one's own business) without direct proof of fraud or fraudulent intent. Extrinsic fraud occurs when deceit is employed to keep someone from exercising a right, such as a fair trial, by hiding evidence or misleading the opposing party in a lawsuit. (See: constructive fraud, extrinsic fraud, intrinsic fraud, fraud in the inducement, fraudulent conveyance) damages) forgery n. 1) the crime of creating a false document, altering a document, or writing a false signature for the illegal benefit of the person making the forgery. This includes improperly filling in a blank document, like a automobile purchase contract, over a buyer's signature, with the terms different from those agreed. It does not include such innocent representation as a staff member autographing photos of politicians or movie stars. While similar to forgery, counterfeiting refers to the creation of phoney money, stock certificates, or bonds which are negotiable for cash. 2) a document or signature falsely created or altered. (See: forger, counterfeit, fraud) ------------------------- forgery, in criminal law forgery, in criminal law, willful fabrication or alteration of a written document with the intent to injure the interests of another in a fraudulent manner. The crime may be committed even though the fraudulent scheme fails. The forgery of government obligationse.g., money, bonds, postage stampsconstitutes the separate offense of counterfeiting. Typical examples of forgery are making insertions or alterations in otherwise valid documents and appending another's signature to a document without permission. It is, of course, lawful to sign another's signature as his attorney or representative so long as there is no plan to commit fraud. Most instances of forgery occur in connection with instruments for the payment of money. The crime may also concern documents of title, e.g., deeds, or public documents, including birth and marriage certificates. In the United States forgery ordinarily is a state crime; but to send forged documents through the post office may constitute the federal crime of mail fraud. forgery - criminal falsification by making or altering an instrument with intent to defraud falsehood, falsification - the act of rendering something false as by fraudulent changes (of documents or measures etc.) or counterfeiting crime, law-breaking - (criminal law) an act punishable by law; usually considered an evil act; "a long record of crimes"