Joe
Platteville,#2Consumer Suggestion
Wed, September 14, 2005
Kim, Nice observation on government not doing anything. Problem is we've had a BUSH in the kingdom for far too long now. That and a republican controlled senate and congress are why nobody can approach the big business machinery that allows companies like this and Enron to exist. It's because all their pals run these corporations, donate gazillions of dollars to their campaigns, and nobody but rich people can get into congress or senate any more like it used to be. Rich people don't give a d**n about you and me and anyone else they screw along the way. They're going to protect their interest as you would your own baby. Pres. Bush (Sr.) said it best when he was trying to get re-elected "I will do everything possible to remain in office". That's straight out of Machiavellian phylosophy. That "everything" includes lying, cheating, murder, fraud, and anything else you can think of. Bush & Reagan should both be in jail...but then Bush was in the john when the Arms for Hostages thing happened....or so he said. Nice. Anyway....Ameriquest will eventually go the way of Enron but not until the people here complain to the PRESS about what is happening and take things into their own hands to publicize the Ameriquest fiasco as much as possible. Nobody reads George Hayduke any more...but you all should...and take it to heart. Big business has deep pockets...and Ameriquest will be forgiven their sins until someone's political position is put in jeaprody because of them. Then just like Mr. Brown at FEMA...they will be cut off from the family fourtune when they are publicly shown to be as big of a fraud as we all know they are. It's time to show up at Ameriquest offices with picket signs saying "I got screwed here-with help from the NFL and the ROLLING STONES" and let people know who's behind the scenes pumping money into this company and protecting it. You gotta do it on a public walkway so-as not to get arressted for tresspassing...and you'll likely get put in the pokey (but released because you never really didn't do anything illegal)...and intimidated by the thug cops Bush hired with our 911 money to further erode at our rights. You'll get some press out of that for sure since they are sponsors with big bucks and a public image someone wanting a pulizer prize will want to drag through the mud. That's the way you are going to get these guys.
Kim And Teresa
Saint James,#3REBUTTAL Individual responds
Wed, September 14, 2005
It't pretty sad when you hear from all these different lending companies how Ameriquest has Ripped -Off so many people in so many different states and is still operating in the USA. Goes to show how are goverment works. T.M.
Joe
Platteville,#4Consumer Suggestion
Tue, September 13, 2005
All you saying 564 FICO is not sub-prime...what planet are you on? I've been doing this a long time and YES by all means it is sub-prime...and of course all the other stuff like debt ratio and so forth is considered. But below 620...you're not going to get a great rate..plain and simple. Aside from that, this person obviously did a lot of hind-sight research...why don't more people put forth even 1/10th that effort on the front-end. Obviously she found this site after the fact. I work for a lender and always tell people to check it out....yeah...we're on there 3-4 times...but nothing like the 300+ Ameriquest has...200+ Countrywide has and all the others. JESUS can't people think in this country any more? Either way...if they failed to get the GFE to you within 3 days or the RESPA papers...they violated RESPA laws. (GO LOOK IT UP-I'm not gonna explain it here for you). Closing costs may also not exceed a specified percentage of the loan without being in violation of HOEPA - another one you shoudl look up. Likely they violated both. The simple fact is that this company got booted from Connecticut and are being sued left and right in more than 26 states as of July 05. More are likely on the way. I'm ashamed that they have sponsored the Rolling Stones tour, NFL, MLB and all...this just shows they have very deep pockets and high-up connections you are going to have to fight tooth-and-nail through to get some results. 4-5% of the loan would be an average of closing costs including mortgage tax, title, bank fees, recording fees, and the whole lot. If you do refinance again, ask for a CEMA so yo only pay the mortgage tax on the "new money" and not the whole loan again...that should save you a couple grand.
Markanna
O'Brien,#5Consumer Comment
Sun, September 11, 2005
Hum, You have a black and white husband? on my deed I have two husbands, and I'm not even married. and we are all on the same deed. I hear lately, That the Ameriquest lawyers read this site and post here. I hope ameriquest is paying them well, I'm sure they are laughing all the way to the bank. Good Luck to everyone! From Florida :o) U.S.A?
Markanna
O'Brien,#6Consumer Comment
Sun, September 11, 2005
Hum, You have a black and white husband? on my deed I have two husbands, and I'm not even married. and we are all on the same deed. I hear lately, That the Ameriquest lawyers read this site and post here. I hope ameriquest is paying them well, I'm sure they are laughing all the way to the bank. Good Luck to everyone! From Florida :o) U.S.A?
Markanna
O'Brien,#7Consumer Comment
Sun, September 11, 2005
Hum, You have a black and white husband? on my deed I have two husbands, and I'm not even married. and we are all on the same deed. I hear lately, That the Ameriquest lawyers read this site and post here. I hope ameriquest is paying them well, I'm sure they are laughing all the way to the bank. Good Luck to everyone! From Florida :o) U.S.A?
Markanna
O'Brien,#8Consumer Comment
Sun, September 11, 2005
Hum, You have a black and white husband? on my deed I have two husbands, and I'm not even married. and we are all on the same deed. I hear lately, That the Ameriquest lawyers read this site and post here. I hope ameriquest is paying them well, I'm sure they are laughing all the way to the bank. Good Luck to everyone! From Florida :o) U.S.A?
Tracy
Palm Bay,#9Consumer Comment
Sun, September 11, 2005
I went through all of my paperwork, and saw that they made many misrepresentations on my application, as well as leaving a lot of information blank. From inflating my gross income, to adding assets I don't have, they even put my husband's ethnicity as "white" even though he's "black". Some of our other complaints were being denied the opportunity to choose our own title company, not receiving a copy of our credit reports and scores (not being able to keep them from running my credit report even though I was not going to be on the note), and not being allowed to set up an escrow acct. for taxes and insurance at the time of the loan. Diosa was oblivious as to how consumers can improve their scores through credit repair, and I knew there was inaccurate information on our credit reports. She said that even if I did get things fixed or removed, our credit scores are based on the last 2 years, so won't move up or down until then! What a nutcase she was. Do loan officers really believe the BS they feed people? Can't wait to litigate.
Tracy
Palm Bay,#10Consumer Comment
Thu, September 08, 2005
I talked to an attorney today who has a lot of litigation experience in these types of cases, and he believes I have a solid case against them. It is my intent to recover damages and/or bargain for the dismissal of the prepayment penalty, and of course to refinance. I have been doing some credit repair in the last several months getting rid of negative and inaccurately reporting trade lines on my credit reports, (another lawsuit or three waiting to happen!) so my scores should be going up after the initial shock of losing age/high credit limits/etc...(I hate FICO!) I've sent letters to the FTC and BBB, and am getting ready to send one to the AG as well. I don't see any point in complaining to the company especially in light of Ameriquest's long history of fraud and misrepresentation as well as discrimination. What are they gonna do? Say "I'm sorry I screwed you?" But will keep ripoffreport updated as my case progresses. I've never sued anyone in my life. But there is a time and a place for everything. Ameriquest deserves to be punished.
Steve
Corona,#11Consumer Suggestion
Thu, September 08, 2005
Tom, being a "state licensed mortgage broker" does not mean you have correct answers. You said that a 574 FICO makes a borrower "sub-prime". That is absolutely incorrect. I have scored loans through Fannie Mae's D.O. engine with scores lower than this and received "Approve/Eligible" scores. You should know what this means if you are a licensed broker. FICO scores are usually NOT the determining factor that makes a transaction "sub-prime". Income(debt ratios), over 90% loan-to-value, lack of reserves, mortgage lates, other derogatory items will make a transaction sub-prime. A loan amount of $152,800 (80% of $191,000) would have been sufficient to pay off what she wanted, gotten the $15K-$20K and still had enough room for settlement charges. Even if Tracy had to go over the 80%LTV, a little bit of PMI would have been better than a sub-prime loan. Tom, you do realize that FICO scores are not even a factor in delivering a conventional, comforming loan to Fannie or Freddie, right?
Tom
Gahanna,#12Consumer Comment
Thu, September 08, 2005
tracy: my name is tom and i am a state licenced mortgage broker in ohio. first off -ameriquest is right -your middle score of 574 puts you into the 'sub prime ' category. however, fha allows you to refi up to 85% loan to value - about 170000 according to even a 200000 appraisal. you could still keep your prime interest rate -but not get ripped off by ameriquest and get cash out. the idea of converting out of fha to convential with your score is impossible. you dont qualify for conforming yet. Conforming for a score less than 620 (680 really) isnt availiable. even with the pre pay - in the long run its better for you to refi right now again fha and get these Ameriquest monsters out of your life. they sold you down a river of bs. Your closing costs should not have been over 4500 for your loan size. contact a mortgage professional in florida and im sure he will be glad to tell you what i have written here.