Complaint Review: Ameriquest Mortgage Company - Santa Ana California

If you have NEVER done anything stupid in your life (and if you say you haven't, you are lying) then you have the right to put others down for making a mistake. I find it amazing that so many people post comments on here that help no one at all. They only do so to make others feel bad. Well, some feel bad. I do not. I only feel pity for people who must constantly put others down because they are only compensating for something they lack in their life. Most lacking is compassion and understanding for sure. Misty, we ALL make mistakes in life and that includes people who feel they must comment in a negative way. You will get positive feedback from people who are content with themselves and who understand that ALL people make mistakes from time to time. Yes, screwing up on getting a mortgage is a big one. How do I know? Because I did the same. But, I have learned from my mistake and know more about predatory mortgage lending than I really wanted to know. Anyway, I look forward to the day when I can tell Ameriscum to kiss off after I'm paid back for all the fees they have charged me and can't, or won't, explain. They will have to come up with some kind of explanation, or should I say LIE, when we are all in court. Hopefully, the people who commented in a spiteful and rude way will think a bit before commenting again.

Kathleen- Thank you for your support! I have been on fire a few times too and sometimes it's good and sometimes it's not. I don't know who these people are that come on and defend AMC, but I will admit that I worry about their mental health. Steve -I have not said once in any of my postings that I'm not responsible, but you are dead wrong to assume that people read every document that is put before them in a closing. Someone in one of these postings mentioned that to read every document you would need an arsonal of attorneys and that's so true. I closed my loan with a title company; no one from AMC was there to go over the paperwork with me. (I guess I should've realized then that they weren't a very trustworthy company) I should've realized that AMC put a incorrect income on the documents, but I didn't. I've only recently realized that AMC had used my income from my W-2 from the year before. My income when I applied for this loan was substantially less, but they had all of that correct data; I even had to have my new boss sign an income verification form with my current salary. It wasn't until the FBI told me to verify the income that was on the loan documents that I even considered AMC a fraudulent company. The first time that I looked for the income, I couldn't find it, I had to go through it a few times to catch it on the very top of the backside of a page. This is really in the hands of the law because even though it was my mistake to not read the papers, it doesn't give AMC the right to commit fraud on the papers. Fraud is a crime that has consequenses by law. I continue to deal with my consequenses month after month with this company.

Misty, It is the buyers legal obligation to verify the accuracy of the application submitted for a loan. Any omissions or falsifications are 100% your responsibility. You want us to believe you just signed a bunch of papers without reading them? You know d**n well what they did, as you wouldn't have qualified for the loan if the figures were right. I was in the mortgage business, and know exactly what goes on. This still does not make AMC legitimate, but the legal obligation for accuracy is yours. You review every document at the closing table BEFORE you sign them. There is a reason for this.

i tried to sell my house,but ameriquest told my buyer they wouldn't let her buy the loan out .there was too much equity in the house they could get more for it.THE COURTS FOUND AMERIQUEST GUILTY. mindy i thank GOD i'm not you and i pity your children if you have any.you have no heart.

Misty, you are also great in my book. We both were taken in by a large company who we thought we could trust. I also should have read the contract more thoroughly but, like you, thought this company was reputable and honest. How wrong we were huh? But, we learn from our mistakes, however, this was a big one. Bet we both won't make this again! I make light of our situations because that is how I cope. If I were to wallow in self pity, well, it just won't happen. I feel you are the same. You wrote that you are rich with personality. Well, it shows in the words you post on here. And I would much rather be rich in that way than in monetary value. I agree totally with what you said about trying to explain to your children of the heartless people in the world. I have a daughter, 19 now who has learned this is so, that I wanted to protect from the world of people such as Mindy. It cannot be done. They learn just as we have learned. But I try to find pity for them instead of hatred. I must admit I have a hard time of it but I'm getting better. After a very hateful posting I had written when another, such as Mindy, had responded I went off on them and later regretted it. Another person asked me why I was so evil and hateful. After that, I did not respond to people in that way but Mindy kinda brought it back out in me. I must admit, it did feel good. But your posting says it all. You told it like it was but in a much more tactful manner and I respect you for that. You take care and know that I'm thinking of you and your family. You are the one who said it all. It's also not a worry because Ms. Mindy will not respond to us. She knows she has been outwitted and knows we speak the truth. Again, take care and I hope we can communicate more soon.

Rex, Robert, Tracy and Kathleen, You guys are great! I think we all share the same opinion of Mindy as we should. She obviously has some self-esteem issues and I think Kathleen, you said it all! I am an educated person and I admit that I ran though my loan documents with the title company without reading them because I am a trusting person. I never imagined that a company the size of AMC would intentionally commit fraud on their own paperwork. That is my fault and I accept responsiblity for not reading catching it, but that DOES NOT take away from the FACT that they did commit fraud! I did hear from my attorney this past week and I am going to pursue a civil suit against AMC because they have continued to harrass me. The harrassment is not at the same level that it was before my attorney first contacted them, but I have completely run out of tolerance for this company. I didn't find this Website because I was looking for people who have good things to say about AMC. I'm sure that AMC has been good to some people, but based on the number of lawsuits and class actions that they have stacked up and continuing to stack up against them, they have hurt more people than they have helped. Mindy - you mentioned that you feel sorry for the kids of the people like myself that were "uneducated" enough to bring us to this point in our lives. The very fact that you would bring kids into this type of negative situation shows what you know about parenting. As a parent you provide a home (not just a house), love, nurturing and so many other things that only parents can understand. My home is worth no where near what your house is worth in terms of money, but I know that there is more love and good times shared in my home than there will ever be in your house. I grew up poor and I've made what have the best that I can and have taught my children and will continue to teach my children to always respect what you have. I was told as a child that I was the richest kid in school, not because of money, but because of my personality. A life lesson that I learned early! It doesn't matter what you have, it's what you make of it. It's people like you that make our jobs as parents a little harder because I do you explain to a child that there are Heartless people in this world that care only about what they have or in your case, what you think you have because it doesn't sound like you really even know.

You say anyone would be a fool (which is what you are, by the way) to think Ameriquest wants to foreclose on people's homes. Think again little girl because you are dead wrong. Why don't you put your energy into doing something constructive (like clean the house or do laundry since that's probably about what you are capable of) rather than getting on here and spouting off about things you know NOTHING about. You say you feel sorry for the kids of the parents that made a bad decision. Your parents made a very bad decision when they had you. I still believe you are about 12 years old because that's the intelligence level of your postings. Then you post another of your rantings saying how Ameriquest makes money on foreclosed homes. Get your stories straight honey. Or maybe lay off the drugs. And speaking of uneducated people saying things they pull out their a$$ ... Take a look in the mirror. I do believe that describes you. Before you cut others down, maybe you should put yourself in their shoes or are you even capable of doing that. I doubt you can. You are so full of yourself you could never think of anyone else. I honestly hate to think you may have children and a husband. If you do, your husband must be deaf and blind and your children probably flee when you enter your oh so expensive home. You seem to speak from experience regarding DEADBEAT BORROWERS. How many times have you lost your home to foreclosure? How many times have you not paid your mortgage payment? I can just bet you could answer these questions with more than twice. And guess what? I have NO PATIENCE when it comes to dealing with scum like you. You are the lowest of low of the many idiots who have worked, or work, at Ameriscum that I have had the unpleasant experience of dealing with. You don't make me sad ... you make me sick. You claim you are experienced in mortgage lending. I think you are living in a dream world. You throw out a bunch of terms (some you seem to have made up) and believe you know it all. I could do the same with Word and a thesaurus. You don't fool me. Like Steve said, your bedside manner is rather harsh. Why don't you use it to your advantage and return to your profession that involves bedsides because I believe your intelligence level could handle that job. As for your slang usage, I'm sure you took shorthand in high school but I don't know of many who did. Educated people, for your information, don't use shorthand anymore. It's rather outdated. Educated people use REAL words as I do so I guess that makes me educated, far more than you sweetie. The only THINK (that was a good one) that Rex pulled from your DICTION was your use of idiotic words and terms. I just loved your sentence that you believed would make you sound intelligent like - People on here are articulating their thoughts at a 3rd grade level and since you have no argumentative/persuasive/debating skills, you have to resort to insignificance. HA! You really had to dig for that one didn't you? You say you have a BA in English. Should I say HAHAHAHA? You need to go back to school darlin'. You need way more than 5 years of school since it must take your pea-sized brain a long tim to absorb anything of merit. You own a home? You must have married some rich blind idiot 'cause I'm sure you didn't do it on your own. Oh, and I still own my home dear. I owned it BEFORE I married and I own it still after divorce so I'm very capable AND have a good job. If you have 500K in equity, I am a millionaire. That's another good one or I should say big fat lie. Unlike Rex, I could care less how many homes you CLAIM you have owned. Big deal. You could say you have owned 10 homes and they could have been in the projects (which is probably where you live now). You can't even keep your stories of lies straight. First you claim your home is worth 500K, then you say 650K. Before you write your lies agian, read over what you have posted previously because you really have confirmed my, and I'm sure many others, belief that you are just a little uneducated country girl seeking endorsement from others. I'm pretty sure I saw you on Jerry Springer the other day. I CHALLENGE YOU, Mindy of Minus Intelligence, to delve deep into you small brain to say something of value. You have not done so yet and I'm sure you are not capable. People like you, of little intelligence, tend to thrive on putting others down to make themselves feel better, so why don't you put a little energy into what you specialize in (nothing of importance) and tell ME how it is. You didn't respond to a posting I directed to you in the past so I really don't expect too much. You couldn't even begin to keep up with me honey. I have more intelligence in my little toe than you have in your entire body. Probably a body you are not too proud of seeing how you feel you must cut down everyone you can. I eagerly await your response but please don't use your made up slang words IF you aren't afraid to respond that is. You are a coward Ms. Pennsylvania. You are nothing.

Err Mindy, You repeatedly slam borrowers on this forum for being uneducated, while between this thread and the other (stating that you graduated from college with an English degree) you've proven that an "educated" person continues to make uneducated remarks, as above: "All I said was I own my home, because you suggested I rented. I also told you that my home is worth 650K, and I owe 150K." Explain for everyone here how "owning your home" equals "owing $150K" on that home. You've been in the R/E industry for seven years and THIS is the result of your knowledge & experience? Maybe you should have studied finance or economics. Good Luck,

Well Mindy, ya gotta be careful about what you write on a public forum. It took me all of about 5 minutes to find out quite a bit of information. I have XXX through your address and your last name. Based on the comparables and the other info I gleaned but not posting here, I would say that your home there in Gilbertsville, Pa is worth somewhere between the $348,200 shown as average and the $405,000 shown as high. Not quite the value you were stating to others. I also researched for your name in 30 other counties, but maybe I missed your other properties you were alluding to. Don't tell me there in your maiden name, I looked at that too. Market Analysis: 7/02/2006 Subject Prop: (Mindy's property) XXX Bartman Ave, Gilbertsville, PA 19525 APN: 32-00-00279-XXX Document No: N/A Site Address: XXX Bartman Ave, Gilbertsville, PA 19525 Year Built: 2003 Use Code: Residential (Single Family Residence) Lot SqF: 12981 SF Transfer Value: $266,790 Structure SqFt: 2988 Transfer Date: 07/02/2003 Bedrooms: 4 Assessed Value: $0 Bathrooms: 2.00 Number of comparable homes used in analysis: 6 Low High Avg Transfer Value: $312,000 $405,000 $348,200 Sq Footage: 2434 3395 2703 Bedrooms: 3 5 4 Bathrooms: 2 2 2 Year Built: 2002 2004 2002 Lot Size: 8861 31048 16975 So Mindy, when you were trying to get a pool installed after you purchased your new home, were you mislead by the developer? Or did you just make a "miscalculation"? Maybe you should have had someone read and survey your property prior to your purchase so that you would have room for the pool. Mindy XXXXXXX Request for approval of variance request to construct a pool in the back yard. Mrs. XXXXXX would need a variance from the rear setback of 30' to install the pool. They were lead to believe that the lot they purchased would allow for the pool and a deck. There was a miscalculation and there is not enough room. Mr. Hiryak feels these kinds of requests are going to become more frequent as the lot sizes are smaller and the house square footage is increased. Mr. Augustine feels the contractor/developer should have to disclose the ordinances in effect at the time of sale so that the prospective buyer will understand the regulations before the sale. This procedure will help the buyer make an informed decision and help curb some of these requests. The Planning Agency has set a precedence in the past regarding the variance for swimming pool installation. The board feels the resident should work within the ordinances that apply to their lot. A motion to not recommend approval of the variance request was made by Mr. Augustine and seconded by Mr. Zern. Motion passed. So how is that real estate career coming along? I see that 1 listing you have for $319,900 in Douglas is still there. Seems like there is a lot more "bark" with you that there is bite.

stay on topic. I type fast, so yes, you can nit-pick and find a couple meaningless typos as well. However, most people on here are trying to portray IDEAS. On the contrary, since you are unable to disprove the truth I bring to the table, you disregard the discourse, and just talk elementary bs. You must be one of the idiots off of which I made a couple grand...HAHAHAHAHA!!! But tell me Rex, what law school did you attend to learn such great inference skills? How DID you score on the LSAT:) Specifically, please cite where I said I own ONLY ONE HOME. PLEASE. I CHALLENGE YOU. All I said was I own my home, because you suggested I rented. I also told you that my home is worth 650K, and I owe 150K. My point being, you CAN BE young, educated, and NOT HAVE TO MAX OUT YOUR HOME WITH AN AMQ LOAN at 10%!!! Also Rex, since when does a Realltor HAVE TO BE an investor???? Hahaha! Rex, I think you are confusing a Realtor with a real estate investor!!! These two occupations are not one and the same. When you grow up and move out of your parents' basement, you will learn about all the different jobs out in the real world. (((home location redacted by ror))) Oh Rex, if you are interested, I can send you a list of the homes that I have listed for sale at Caldwell Banker Diamond. CMon bud, let's get you moved out of Mommy and Daddy's soon!!! And please, if there is a typo in my response, and that is ALL you are going to talk about, dont waste your time. I would rather you address how people are not at fault when they sit down, see a contract with high fees, rates, prepays, and ARMS, and THEY STILL SIGN. Please explain how they are not responsible for their choices. I challenge you to delve deep into that brain of yours and say something of value.

this company has had its time in court. alameda county, ca. 3/21/2006 http://www.corp.ca.gov/enf/info/lit/ameriquest/ameriquest.htm and to pay for $300,000,000 for non admittance of guilt seem a mighty steep price for a lie. Basically pointing a finger at us for not reading what we sign is the lamest excuse I've ever heard. Breach of Fiduciary Duty is the only thing I could say that starts it all. Us being financially unsophisticated hired the experts for our financing needs and they did us wrong. n0othing to explain. no icing all facts. the deed done. no excuse. face the facts instead they run and hide behind loopholes of the law. cowards. in the end still they have to face......GOD. sorry .

You have HOW much equity in ONE house? Amateur. I would never tell online strangers where I live or what my portfolio contained. That's the difference between new money (you) and the rest of us. Your misspellings are not slang or shorthand. You have many errors in each of your postings. An English degree? Once again, you've confirmed your short memory. (see Mindy's comments on the other thread) "...the only think you could pull out of that..." Is this another example of your slang, or is this your shorthand? You make yourself a target by slamming people who aren't picking fights with you. They're not experts in the lending field, and since that's the only basis by which you can judge them, you're labeling them idiots. (see Mindy's comments on the other thread) You've been a licensed Realtor for NINE years, and you own ONE house? You should have studied finance. A few of us in this office following your posts strongly feel that you can't manage money if you own only one home after so many years in this industry. We're done here. You have zero credibility, Little Miss One-House.

You have HOW much equity in ONE house? Amateur. I would never tell online strangers where I live or what my portfolio contained. That's the difference between new money (you) and the rest of us. Your misspellings are not slang or shorthand. You have many errors in each of your postings. An English degree? Once again, you've confirmed your short memory. (see Mindy's comments on the other thread) "...the only think you could pull out of that..." Is this another example of your slang, or is this your shorthand? You make yourself a target by slamming people who aren't picking fights with you. They're not experts in the lending field, and since that's the only basis by which you can judge them, you're labeling them idiots. (see Mindy's comments on the other thread) You've been a licensed Realtor for NINE years, and you own ONE house? You should have studied finance. A few of us in this office following your posts strongly feel that you can't manage money if you own only one home after so many years in this industry. We're done here. You have zero credibility, Little Miss One-House.

You have HOW much equity in ONE house? Amateur. I would never tell online strangers where I live or what my portfolio contained. That's the difference between new money (you) and the rest of us. Your misspellings are not slang or shorthand. You have many errors in each of your postings. An English degree? Once again, you've confirmed your short memory. (see Mindy's comments on the other thread) "...the only think you could pull out of that..." Is this another example of your slang, or is this your shorthand? You make yourself a target by slamming people who aren't picking fights with you. They're not experts in the lending field, and since that's the only basis by which you can judge them, you're labeling them idiots. (see Mindy's comments on the other thread) You've been a licensed Realtor for NINE years, and you own ONE house? You should have studied finance. A few of us in this office following your posts strongly feel that you can't manage money if you own only one home after so many years in this industry. We're done here. You have zero credibility, Little Miss One-House.

I dont know about little Rex, but I am a homeowner. As I told someone else, I live in Yardley PA, I have just over 500K in equity, and besides my gas card, I have no revolving debt. 760 Fico... Just wanted to clarify that...haven't had an apartment since I was 21 years old...with Rex's verbal skills, Im sure he is still at home with mommy and daddy...or maybe he gave his home away to AMQ too???/ HHAHHAHAHA!!!!!!!!!!!!

Rex - "Lamens" is shorthand for "laymans terms," and "recoop" is slang for "recoup." Sorry, I figured most educated people would still be able to extract meaning from these slight variances. Are you SERIOUSLY making a criticism of my diction? Out of ALL the comments I've made, the only think you could pull out of that was that I somtimes write in shorthand and slang? HHAHAHAHAHA! All the while, the people on here are articulating their thoughts at a 3rd grade level, and since you have no argumentative/ persuasive/ debating skills, you have to resort to insignificance!!!! i LOVE it! Thank you! By not being ABLE to discredit what I've said, you add THAT MUCH MORE credence to my assertions! I dont blame you though Rex. These brainiacs are VERY difficult to defend!! Oh by the way, I have a BA in English and Poli Sci from Temple University in Philadelphia, was inducted to Phi Beta Kappa with a 3.85gpa, and I completed both degrees in 5 years. Thanks again for reaffirming the truth...

Rex - "Lamens" is shorthand for "laymans terms," and "recoop" is slang for "recoup." Sorry, I figured most educated people would still be able to extract meaning from these slight variances. Are you SERIOUSLY making a criticism of my diction? Out of ALL the comments I've made, the only think you could pull out of that was that I somtimes write in shorthand and slang? HHAHAHAHAHA! All the while, the people on here are articulating their thoughts at a 3rd grade level, and since you have no argumentative/ persuasive/ debating skills, you have to resort to insignificance!!!! i LOVE it! Thank you! By not being ABLE to discredit what I've said, you add THAT MUCH MORE credence to my assertions! I dont blame you though Rex. These brainiacs are VERY difficult to defend!! Oh by the way, I have a BA in English and Poli Sci from Temple University in Philadelphia, was inducted to Phi Beta Kappa with a 3.85gpa, and I completed both degrees in 5 years. Thanks again for reaffirming the truth...

Rex - "Lamens" is shorthand for "laymans terms," and "recoop" is slang for "recoup." Sorry, I figured most educated people would still be able to extract meaning from these slight variances. Are you SERIOUSLY making a criticism of my diction? Out of ALL the comments I've made, the only think you could pull out of that was that I somtimes write in shorthand and slang? HHAHAHAHAHA! All the while, the people on here are articulating their thoughts at a 3rd grade level, and since you have no argumentative/ persuasive/ debating skills, you have to resort to insignificance!!!! i LOVE it! Thank you! By not being ABLE to discredit what I've said, you add THAT MUCH MORE credence to my assertions! I dont blame you though Rex. These brainiacs are VERY difficult to defend!! Oh by the way, I have a BA in English and Poli Sci from Temple University in Philadelphia, was inducted to Phi Beta Kappa with a 3.85gpa, and I completed both degrees in 5 years. Thanks again for reaffirming the truth...

Rex - "Lamens" is shorthand for "laymans terms," and "recoop" is slang for "recoup." Sorry, I figured most educated people would still be able to extract meaning from these slight variances. Are you SERIOUSLY making a criticism of my diction? Out of ALL the comments I've made, the only think you could pull out of that was that I somtimes write in shorthand and slang? HHAHAHAHAHA! All the while, the people on here are articulating their thoughts at a 3rd grade level, and since you have no argumentative/ persuasive/ debating skills, you have to resort to insignificance!!!! i LOVE it! Thank you! By not being ABLE to discredit what I've said, you add THAT MUCH MORE credence to my assertions! I dont blame you though Rex. These brainiacs are VERY difficult to defend!! Oh by the way, I have a BA in English and Poli Sci from Temple University in Philadelphia, was inducted to Phi Beta Kappa with a 3.85gpa, and I completed both degrees in 5 years. Thanks again for reaffirming the truth...

"Hi, I'm Mindy. I skipped school and went straight to Genius." Mindy : Is there a dictionary in your apartment? Have you ever opened it and read any part of that dictionary? What in the world are these words : "lamens" and "recoop" that you posted above?? All the while that you are bashing Ameriquest victims here as uneducated, you're demonstrating for all the world to read your level of education. If you read many of the threads here on Rip-off Report, you'll see that many people are victims of bait-and-switch, forgery, and other forms of fraud at Town & Country Credit and Ameriquest. You're scoring yourself some huge karma points that you'll receive later in your life.

Mindy, this is copied from your post... >>>You should reach out to someone with experience (like myself) and learn how to better your future starting TODAY, instead of waiting for the next financial institution to take advantage of your ignorance. Mindy - Philadelphia, Pennsylvania U.S.A.<<<< I have ready many of your posts Mindy and like you I profess the need for personal responsibility and making good decisions. BUT, your "bedside manner" is a little harsh. People don't like to be "told" by someone like yourself wagging a finger at them. I get accused of this on this board sometimes, occasionally, I am scolded appropriately. Not usually though. Like you, I call a spade a spade, but I try to leave out the vile and vitriole.

Let's read your last lines here: "Bottom line: a whopping $223,000 take for Ameriquest on a $143,000 loan. Over 60% profit from the sale at auction - you can't look at me with a straight face and say they lose money on foreclosures. They make money, big time, and there's big bucks to be made in this scam. Even you admit their value-to-loan ratio is excessive (I believe the legal limit is only 75%), and yet you bend over backwards to defend this institution. Your status as a former employee suggests there may be more to your story than meets the eye, but on first glance I really have to ask how much you got for your soul." This small passage shows that you are not qualified to comment on ANYTHING relating to mortgages. Im serious. Dont talk about mortgages in any technical fashion. You haven't got a clue. ONCE AGAIN, uneducated people saying things that they dont understand. The LEGAL LIMIT ON AN LTV? Are you kidding me? YOU HAVE GOT TO BE KIDDING ME!!!! HAHAHAHAHA. A legal limit on an LTV!!!!!????? HAHAHHA. You just showed your *&*& to everyone. Wow. I couldnt have proven my point better than you just did for me. Let me school you: An LTV is a Loan to Value ratio, or in lamens, how much the home is worth divided by how much you are borrowing. Some banks go to 125% of what the home is worth. There is no law that governs an LTV (I cant believe I am even saying this). An LTV is simply a risk factor - the higher the LTV, the higher the risk. Since AMQ is a high risk lender, they LOSE HUGE MONEY on foreclosures. Allow me to explain: MOST HOMEOWNERS are more intelligent than to let a bank foreclose on them when they have 160K in equity. Most INTELLIGENT homeowners would sell when they got into trouble. But NO!!!!!! You said it was the banks fault. So in an uneducated fit, you were stubborn enough to hold on to the home until they took it, and you get nothing for it. You could have sold your home, took 160K, and have NO foreclosure on your record. Instead, you were stubborn, lost 160K, your home, ruined your credit, and I bet you STILL owe lawyer fees!!! HAHAHA. Pure genius. As I was saying, since AMQ writes so many 80+ LTV loans, they can not recoop their lawyer fees and resale fees. Keep in mind, deadbeat borrowers usually dont upkeep their homes. This cost is factored in to the bank's loss. Now, your case was the exception to the rule. But for every home like yours, they foreclose on 10 other homes that are at 80-95%. They lose big time. MOST people would sell if they had 160K just sitting there. FOr some reason, you gave it away for free...??? My status as a former employee has nothing to do with anything. If you read my comments to others, I say the same thing to other people who decided to go uneducated when they dealt with OTHER lenders. I have NO PATIENCE for someone that ruins their financial futures just because they are ignorant. It makes me sad. Trust me, I hate the fact that people get told one thing and then offered another. But you are human. You make decisions. And to act as if you dont deserve the blame for your decisions is simply DENIAL. You should reach out to someone with experience (like myself) and learn how to better your future starting TODAY, instead of waiting for the next financial institution to take advantage of your ignorance.

Misty, Ameriquest took advantage of me as well. I have a severely multipy handicapped child: hence large bills and decreased credit score. I guess according to Mindy I should have aborted my child cuz the other 4 are now homeless and this is all due to "parents making bad decisions." It began similarly to your story: inflated income on docs, inflated appraisal. Basically they stripped the property. They wrote the mortgage based on the equity and not the ability for the lendee to pay the monthly payments. Let's see who I have contacted to settle the unjustice done to my family: Senator Clinton Senator Schumer The federal Trade Commision The Banking Commision ACORN Debt Bug Several attorneys The FBI Several news and media ppl The NYS Attorney General's office President Bush This was all for naught, yesterday, on the steps of the Dutchess County Court House, my home was sold to auction to the highest bidder. MINDY just to let you know, in fact Ameriquest didn't lose a dime on my house through the foreclosure process. Through Ameriquest's insidious lending practices the house sold at auction for everything that was owed to them including their 10% interest rate and their . Bottom line: a whopping $223,000 take for Ameriquest on a $143,000 loan. Over 60% profit from the sale at auction - you can't look at me with a straight face and say they lose money on foreclosures. They make money, big time, and there's big bucks to be made in this scam. Even you admit their value-to-loan ratio is excessive (I believe the legal limit is only 75%), and yet you bend over backwards to defend this institution. Your status as a former employee suggests there may be more to your story than meets the eye, but on first glance I really have to ask how much you got for your soul.

Is that you actually believe the customers are the bad guys here. How long have you worked there now....7 months? Until you have been in any of our places, your useless comments are just that, useless. But what do you care, it's not like you guys are crazy busy over there anyway so I suppose you have some time to try and explain to US why WE should be mad at only ourselves and not Ameriquest. If that's true and we are the bad guys, please explain why all the branches are closing and Ameriquest is paying out to all 50 states due to lawsuits, not to mention the countless class actions. No wonder Ameriquest is going under, they have people like you speaking for them...good job - PLEASE keep it up!

That Ameriquest average Loan-To-Value (LTV) is 82%. Which means, when they foreclose on your home, they (and their investors) LOSE a substantial amount of money. You are a fool to think they wan to take your home. Banks are in the business of collecting interest. If they can't collect the interest that you AGREED TO PAY, then yes, you lose your home. I think it is terribly sad for the children when their parents make terrible decisions and they suffer because of it.

That Ameriquest average Loan-To-Value (LTV) is 82%. Which means, when they foreclose on your home, they (and their investors) LOSE a substantial amount of money. You are a fool to think they wan to take your home. Banks are in the business of collecting interest. If they can't collect the interest that you AGREED TO PAY, then yes, you lose your home. I think it is terribly sad for the children when their parents make terrible decisions and they suffer because of it.

That Ameriquest average Loan-To-Value (LTV) is 82%. Which means, when they foreclose on your home, they (and their investors) LOSE a substantial amount of money. You are a fool to think they wan to take your home. Banks are in the business of collecting interest. If they can't collect the interest that you AGREED TO PAY, then yes, you lose your home. I think it is terribly sad for the children when their parents make terrible decisions and they suffer because of it.

That Ameriquest average Loan-To-Value (LTV) is 82%. Which means, when they foreclose on your home, they (and their investors) LOSE a substantial amount of money. You are a fool to think they wan to take your home. Banks are in the business of collecting interest. If they can't collect the interest that you AGREED TO PAY, then yes, you lose your home. I think it is terribly sad for the children when their parents make terrible decisions and they suffer because of it.

Kay, My attorney never mentioned the inflated income to me, but I turned all of that information over to the FBI and would expect to hear from them sooner than later. However, I believe they (FBI) are building a case against AMC and will be very careful about the details until that is established. I will be meeting with my attorney again and I will see what she says about that. Also, believe it or not AMC actually sent me a monthly statement (after bankruptcy they said they would not) but the statement has that additional $733 fee on it so I will definately be dropping that by my atty. If I had an extra $733 hanging around, I'd take my kids on a long weekend. Don't give up and I would recommend contacting your local FBI and turning over copies of all of your loan documents to them because I think that we'll see something in the news about an enormous lawsuit against AMC.

Kay, My attorney never mentioned the inflated income to me, but I turned all of that information over to the FBI and would expect to hear from them sooner than later. However, I believe they (FBI) are building a case against AMC and will be very careful about the details until that is established. I will be meeting with my attorney again and I will see what she says about that. Also, believe it or not AMC actually sent me a monthly statement (after bankruptcy they said they would not) but the statement has that additional $733 fee on it so I will definately be dropping that by my atty. If I had an extra $733 hanging around, I'd take my kids on a long weekend. Don't give up and I would recommend contacting your local FBI and turning over copies of all of your loan documents to them because I think that we'll see something in the news about an enormous lawsuit against AMC.

Kay, My attorney never mentioned the inflated income to me, but I turned all of that information over to the FBI and would expect to hear from them sooner than later. However, I believe they (FBI) are building a case against AMC and will be very careful about the details until that is established. I will be meeting with my attorney again and I will see what she says about that. Also, believe it or not AMC actually sent me a monthly statement (after bankruptcy they said they would not) but the statement has that additional $733 fee on it so I will definately be dropping that by my atty. If I had an extra $733 hanging around, I'd take my kids on a long weekend. Don't give up and I would recommend contacting your local FBI and turning over copies of all of your loan documents to them because I think that we'll see something in the news about an enormous lawsuit against AMC.

Kay, My attorney never mentioned the inflated income to me, but I turned all of that information over to the FBI and would expect to hear from them sooner than later. However, I believe they (FBI) are building a case against AMC and will be very careful about the details until that is established. I will be meeting with my attorney again and I will see what she says about that. Also, believe it or not AMC actually sent me a monthly statement (after bankruptcy they said they would not) but the statement has that additional $733 fee on it so I will definately be dropping that by my atty. If I had an extra $733 hanging around, I'd take my kids on a long weekend. Don't give up and I would recommend contacting your local FBI and turning over copies of all of your loan documents to them because I think that we'll see something in the news about an enormous lawsuit against AMC.

I'm so happy that you are getting help Misty, Keep fighting and don't give up. What did your lawyer think of them inflating your income to make your loan go thru? They did that to my loan also. Hope you can get out of your loan with them. Keep fighting and God Bless Kay

I would like to thank, Ken, Kathleen and Kay for all of your encouragement. After my appointment with the attorney, she sent a letter to AMC to inform them that their idea to "foreclose" was nothing more than a feeble attempt to scare me. (They didn't realize that I had already had enough of their crap) The letter that my atty wrote informed them that what they are doing to me on a monthly basis is a violation of the Fair Debt Collection Practices Act and may be constured as harrassment and if they continued, we would pursue a lawsuit against them. As always, when I knew that I had to make my June payment, I spent the whole day preparing myself because of the way that I'm treated when I call in. However, this month was bizarre; I called in and a guy named Michael asked to confirm some information and then said he'd need two check numbers (one for the payment and one for the electronic fee). I was totally speechless and totally unprepared, I was still driving home from work. I figured I'd get hung up on and then they wouldn't be able to help me - the same drill I get every month. The letter from my attorney was obviously recognized and my account was alerted because that was almost the best customer service I've ever gotten. We did receive a letter back from AMC thanking us for our recent inquiry and that they are researching my concerns and will reply promptly. I haven't heard anything more from them, but I'm sure that there is more to come. Thanks again to everyone that has encouraged me and I would encourage any of you to keep moving forward. We can't let these people take our homes!

I agree with kay and kathleen dont give up even thou it may take time.I am just @ the beginning right now but my attorney has stopped the foreclosure on my home after he has heard my story. He really could not believe it but he knows my attorneys repitation and knows he wouldnt be their in court with me if i had not had a good case of fraud. So if you ever feel down or feel like you cant go on with the fight get on here and read some stories of people just like you that have been screwed over by this company.But i do recommend getting council to defend you. so good luck and spread the word and thanks rip off report for doing a great job! GOD BLESS

Kathleen you are so right, WE ALL WILL BE WINNERS, This has been a long 2 1/2 yrs,I feel for everyone on this site, I have even cried when I read someones story on how AMC has taken their home, or about to. It just makes me sick inside.I can't wait till my trial date, and get it over, But I know it takes time.I just wanta say GOOD LUCK to everyone in their fight. WE ARE WINNERS KATHLEEN, my comment about a battery of lawyers , I heard it on TV, thought it sounded pretty good., But it's come to that point that you can not trust any Co. Good Luck To Everyone Kay

I also wish you lots of luck. Kay is right. Don't give up. I know I have wanted to give up many times but all I have to do is think of all the money Ameriquest has stole from me, how I've been treated and how they cannot continue to do this to future customers. I have read so many sad stories on here. Mine is not half as bad as most. My heart goes out to the many who have lost their homes. And Kay is also so very right on having an attorney, or rather a battery of them as she says (ha, good idea) before ever signing a contract. Especially when it involves our most valuable asset. I also got very discouraged reading the negativity on here. But, I also feel regenerated by what some customers are doing such as David and Ken who are battling it out in court. I love to read how they are doing because they both have such positive attitudes. I wish them all the luck. Again, good luck and may we all come out winners in the end. I believe we will. Take care.

Misty I just want to wish you luck on your fight with Ameriquest, don't give up, there are so many people on this site that have been hurt so bad. We didn't read all our paper work either, I too am trusting and my husband, not anymore, My case has been going on 2 1/2 yrs, I have learned a very valuable lesson thru this, I will never sign my name on nothing unless I have a battery of lawyers with me. I stopped reading the site for a while, cause of all the negative statements, And my heart goes out to all the people who have been hurt. Then you have people writing in with comments like were nothing. Keep fighting LADY don't give up no matter how hard it gets, victory is not far away.