- Report: #218880
Complaint Review: Ameriquest Mortgage Company AMC - Carol Stream Illinois
-
Author Confirmed
Why?
Ameriquest Mortgage Company AMC
P O Box 5926 Carol Stream, 60197-5926 Illinois, U.S.A.
Web:
N/A
Categories:
Business Rating:
(0)
Tell us has your experience with this business or person been good?
Ameriquest Mortgage Company AMC ripoff Forcing Good People Into Foreclosure In Memphis, Tennessee Carol Stream Illinois
I hope someone can help shed some light on this sticky situation.
I first purchased my home in 1997. I had never bought a home before and knew nothing about it. My real estate agent screwed me tremendously. Unfortunately she didn't tell me that she misled me into signing a $13,000 lien with the property owner. I didn't find this out until 2005, when I refinanced with Ameriquest (AMC).
"Ted", the agent at Ameriquest "helped" me to get refinanced. Ameriquest paid $6000 to the lien holder, the decendants of the deceased previous homeowner. My purchase price was now $82,500 with a 9.99% interest rate. The appraisal value was $107,000. "Ted" also told me if anyone asked me who "John Doe" (the lien holder) was, just say that he was a creditor. They set me up with $150 per month payments to the lien holder.
Well, to make a long story short, I got ill during the middle of 2006 and fell one month behind in payments. I didn't know that Ameriquest refused partial payments. So this put me into further debt. On 10-31-06 I offered $1100 of the $1399 for Sept. and Oct. payments but they refused. Now I owe 3 months and found out on 10-31-06 that I have to 11-7-06 before foreclosure proceedings will begin. I have $1800 now to offer them but still will not accept. I am approximately $300 short and they told me that I didn't qualify for the payment plan.
I have struggled very hard to get this home and I'm trying to keep it; however, it seems almost hopeless. I got screwed so bad when I first purchased the house and it seems everyone wants to take their turn.
I'm considering filing chapter 13 but I don't want to get caught with a huge mortgage payment because this is an adjustable rate mortgage and I almost lost my home once before through chapter 13 because they were sending my mortgage payments to some apartments instead of my mortgage company.
I thought Ameriquest was helping me because my last mortgage company raised my note from $652 to $1154 dollars per month. Now I feel the same is happening all over again.
My time for foreclosure is next week, so if anyone can help I would greatly appreciate it.
Cheryle
Memphis, Tennessee
U.S.A.
I first purchased my home in 1997. I had never bought a home before and knew nothing about it. My real estate agent screwed me tremendously. Unfortunately she didn't tell me that she misled me into signing a $13,000 lien with the property owner. I didn't find this out until 2005, when I refinanced with Ameriquest (AMC).
"Ted", the agent at Ameriquest "helped" me to get refinanced. Ameriquest paid $6000 to the lien holder, the decendants of the deceased previous homeowner. My purchase price was now $82,500 with a 9.99% interest rate. The appraisal value was $107,000. "Ted" also told me if anyone asked me who "John Doe" (the lien holder) was, just say that he was a creditor. They set me up with $150 per month payments to the lien holder.
Well, to make a long story short, I got ill during the middle of 2006 and fell one month behind in payments. I didn't know that Ameriquest refused partial payments. So this put me into further debt. On 10-31-06 I offered $1100 of the $1399 for Sept. and Oct. payments but they refused. Now I owe 3 months and found out on 10-31-06 that I have to 11-7-06 before foreclosure proceedings will begin. I have $1800 now to offer them but still will not accept. I am approximately $300 short and they told me that I didn't qualify for the payment plan.
I have struggled very hard to get this home and I'm trying to keep it; however, it seems almost hopeless. I got screwed so bad when I first purchased the house and it seems everyone wants to take their turn.
I'm considering filing chapter 13 but I don't want to get caught with a huge mortgage payment because this is an adjustable rate mortgage and I almost lost my home once before through chapter 13 because they were sending my mortgage payments to some apartments instead of my mortgage company.
I thought Ameriquest was helping me because my last mortgage company raised my note from $652 to $1154 dollars per month. Now I feel the same is happening all over again.
My time for foreclosure is next week, so if anyone can help I would greatly appreciate it.
Cheryle
Memphis, Tennessee
U.S.A.
2 Updates & Rebuttals
Kathleen
Alabaster,Alabama,
U.S.A.
Cheryle ...
#2Consumer Comment
Sun, November 05, 2006
I know exactly how you feel. Ameriscum messed me up by returning my partial payments a couple of years ago after telling me I could send them. I was also told I did not qualify for their non-existent hardship program. I did file a Chapter 7 since my ex had maxed out every credit card he could but, believe me, AMQ will still try to take your home. I reaffirmed but they screwed around with the paperwork until they could send foreclosure documents. This company is a piece of s**t. I don't mean to use profanity but I can think of no other word to describe it. If you do decide to file a Chapter 7, please get a good lawyer. My neighbor works for one and I went with him because she said he was good. Well, he was not. I found later that since my ex had signed the credit card bills, some in my maiden name before we were married, I could have sued him and all responsibility would have gone to him. But, at the time, credit card companies are relentless and tell you all kinds of things that makes you believe you better file or pay up. Credit card companies are almost as bad as this stinking company with all the harrassing phone calls. And as long as you are with AMQ, they will continually raise you monthly payments. My payment started at $1,141 (when I had 2 incomes) and is now $1,400. I wish you luck and don't give up. Find a good attorney and keep your home. Take care.
Jennifer
South Elgin,Illinois,
U.S.A.
Been there, done that
#3Consumer Suggestion
Fri, November 03, 2006
First I know about that whole lien thing with the seller, I am sorry that your realtor did that to you:( Your attorney should have caught that before/during closing. Ameriquest will not take partial payments because then they have no grounds to forclose. Chapter 13's stink, been there tried that too, chapter 7, well that is a gamble with AMC depending on wether you reaffirm or not. It sounds like you really are trying to keep your house. There are several websites availible with great info on how to get where you need to be, I would suggest talking with an attorney and getting their thoughts on this matter. Read Ken's= Holland MI. posts. I would also suggest getting documents from AMC that gives a breakdown for what is owed. Go over it with a fine tooth comb. Is your sale next week or they are starting the process next week? This answer will give you a guess-timate of how much time you have to do research. It takes a little time to get through the forclosure process. I can only try and help with certain things, I don't claim to be an expert. Please also remember that mortgage companies are on these websites all the time and read these posts and sometimes they fish for info like real people that have been hurt. Don't give up, my attorney got my sale cancelled 1 day prior to the sheriff's sale. Don't let the bastards beat you down! Good luck:)
