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Ameriquest Mortgage Company Predatory Lending done to me ripoff Orange California
Last October of 2005, I refinanced my loan to Ameriquest Mortgage Company. It went very well, but, the Appraiser came out to my house, said my property was worth $99,000. WRONG.
Then in the news of 2005, stated that Ameriquest Mortgage Company had a $525 million dollar law suit filed against them for their Predatory Lending Practices.
I have tried to Refinance My Mortgage, to no avail.
Then in December 2005, I was scammed by someone who succeeded into getting into my Checking Account, This left me without any money to pay my mortgage and my other bills.
I contacted Ameriquest mortgage of this, and was told that If I Failed to Pay my Mortgage, they were going to foreclose. They did, and, last Month, they had a Sheriffs SSale. Guess who the party that bought my property was, none other than W M Mortgage Specialty, which I believe is a Division of Ameriquest AC Capitol Holdings. Strane isn't it?
Anyway, I now have an attorney who is working with them to get me to be able to stay in my house, and to pay rent to them, which is a lot less than my mortgage payment.
I will keep you people advised.
My word to the wise, Do not go with Ameriquest Mortgage Company..
Thank you for hearing of the problem with Ameriquest Mortgage Company.