- Report: #118064
Complaint Review: Ameriquest Mortgage Company - Santa Anna California
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Author Not Confirmed
Why?
Ameriquest Mortgage Company
myameriquestloan.com Santa Anna, 92711-1000 California, U.S.A.
Phone:
800-430-5362
Web:
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Ameriquest Mortgage Company two-faced ripoff artists expanding closing costs and unfixing fixed rates to old folks Santa Anna California
I am Robin... a daughter and Power of Attorney for my dear sick elderly mother. She has been taken advantage of I believe by Ameriquest Mortgage Company. I have been sent a standard CALS Letter by Ameriquest from a California Class Action I have called that # for 4 months and still no response, although they promise on their recorded message that some will return their call within 48 hrs!!
I am a witness to the "changing of the loan terms" at the last minute, High closing costs with promises of something different, and continuous rising costs of our loan when we were supposed to be fixed for two years. Supposedly they were to apply escrow and have not, and have charged us for projected tax payments when that is not necessary. Now Mom and I are not real savvy but were learning and we are pissed. She is on a fixed income and they are trying to take it all.
Please respond ASAP I have two weeks to make a decision what to do. Ameriquest has actually tried to call us to refinance. Ha not on your life!! I am consulting an attorney, but really need to get the initial loan papers reviewed by someone who can understand them. We are current on payments but do not want to deal with frauds.
Signed,
Extremely Concerned and Ready
to Take Action
Robin
Seabrook, Texas
U.S.A.
I am a witness to the "changing of the loan terms" at the last minute, High closing costs with promises of something different, and continuous rising costs of our loan when we were supposed to be fixed for two years. Supposedly they were to apply escrow and have not, and have charged us for projected tax payments when that is not necessary. Now Mom and I are not real savvy but were learning and we are pissed. She is on a fixed income and they are trying to take it all.
Please respond ASAP I have two weeks to make a decision what to do. Ameriquest has actually tried to call us to refinance. Ha not on your life!! I am consulting an attorney, but really need to get the initial loan papers reviewed by someone who can understand them. We are current on payments but do not want to deal with frauds.
Signed,
Extremely Concerned and Ready
to Take Action
Robin
Seabrook, Texas
U.S.A.
2 Updates & Rebuttals
Jon
Tampa,Florida,
U.S.A.
Here's the deal w/changing terms at the last minute
#2Consumer Suggestion
Wed, November 17, 2004
Here's the deal with changing loan terms at the last minute. IT IS NOT AGAINST THE LAW UNLESS YOU HAVE SIGNED A GFE OR TIL, OR THE LENDER HAS COMMITED THEM SELF IN WRITTING. Ameriquest tells everyone at the point of first contact that there is NO OBLIGATION. That works both ways. The loan officer has probably told you at the same time you are approved based on the information you gave them to take the application. Most consumers are not forthcoming with the truth about their income, value and credit. If you were told all along that your interest rate is one thing and when you get to the closing table it is something else and you sign anyway, you are screwed. Espesially since ameriquest gives you 4 additional days to cancel the loan on top of the federal 3 days. No, it is not moraly right to do that, and yes it is a dirty business practice. But it is not illegal. You are wasting time and money highering a lawer to fight something that you agreed to. You had ample time to cancel the loan, not to mention, unless you had a gun to your head you didn't have to sign it in the 1st place. Stop crying and pay your d**n bills.
Thomas
Bossier,Louisiana,
U.S.A.
See an attorney Immediately
#3REBUTTAL Individual responds
Tue, November 16, 2004
Make sure you have copies of all documents, SIGNED Copies. Ameriquest has done me the same way when I refused to pay on my loan and they threatened everything. But I have a really good attorney and we have sued Ameriquest. The first set of meeting with the judge takes place next week and sometime next year it will be a court room drama. HA HA. Everyone who has an Ameriquest loan should request a copy of all signed documents. Have them checked by an attorney (most will do this for free)if the paperwork will not stand up in court and from what I see a large number of Ameriquest loans have some kind of problem. Good luck and most of all just because Ameriquest makes a statement does not mean it based on the law. Good luck
