39 Comments »

1. When can we, the consumers/customers, expect to see the compensation mentioned in the statement below regarding Ameriquest’s restitution ?

   “Under the terms of the agreement, Ameriquest will pay $295 million in restitution to consumers nationwide” .

   I understand the ruling occurred in January ‘06. It is now August ‘06. I think that’s enough time for them to get their act together.

   Comment by Jacqui — August 16, 2006 @ 7:14 pm

2. My husband and I are homeowners in New Jersey who also are feeling the after shocks of Ameriquest’s fraudulent mortgage lending practices. We were not, however, until now aware of any class action lawsuits that we could have joined in. Is it too late to join in? Any information/suggestions would be appreciated. With what we are going through right now with Ameriquest we feel we deserve some compensation from them.

   Comment by Cynthia Cumpston — August 25, 2006 @ 10:44 pm

3. This organization is almost completely corrupt. Their tactics are so rampant that they are as common as answering the phone. Unfortunately we only know a small portion of their illegal activity and cleverly camouflaged tactics to deceive. Remedies are sparse and cooperation from AMC, Ameriquest or their bottom-of-the-barrell associate EMC Mortgage are almost nonexistent other than litigation. However I have devised some methods to bring this threesome along with Town & Country to justice. Contact me at ecagetx@comcast.net

   Ed Cage

   Comment by Anonymous — September 4, 2006 @ 6:47 pm

4. i go an equity loan last july 2005, and the appraisal came in at 81,000, Now i want to sell the home and i am very upside down on the loan. i contacted the amc legal department and they want to do a short term pay off. but they appraised my home again last week and they say it came in at 70,000. an 11,000 drop in one year. give me a break!!!!!i want to pursue the issue with legal help but i dont know where to turn to,, can some one help

   Comment by julio moreno — September 13, 2006 @ 5:36 pm

5. I also got an equity loan in June, 2004 and they appraised the home at 70,000 and it is no where near that much other companies say. The loan was an adjustable rate but it has almost tripled since 2004 and I don’t know what to do. There are some other issues about the whole situation that I would like to pursue but do not where to go to get help. I think they took advantage of me because I was a recent widow. Any information would greatly be appreciated.

   Comment by Sharon — September 18, 2006 @ 10:46 am

6. How do I get my name added to the lawsuit I live in fla? thank you

   Comment by arlen — September 28, 2006 @ 9:38 pm

7. how do i get my name added to the lawsuit
   thank you

   Comment by patricia — October 3, 2006 @ 5:00 pm

8. I have a current inflated home appraisial of 50,000 and I am having trouble finding help. I now owe 96,000 on a 80,000 appraisal ..any suggestions

   Comment by Carrie David — October 9, 2006 @ 3:05 pm

9. We have been fighting these idiots for several years now and each month they will come up with some new charge that if we don’t pay it they will foreclose. We just got a letter of intent to foreclose over a payment 4 months ago they say did not clear yet I have bank statements saying it most certainly did. They want me to fax this information and a statement of what I think caused this. They have stolen from us for years now and we are in a bankruptcy so our hands are some what tied.

   Comment by thomas c. king — November 3, 2006 @ 11:19 am

10. How do I get my name added to the lawsuit. Falsified income information for me on loan documents ended up in a foreclosure in June of 2006. AMC sent us notification eligible for lawsuit money but can’t since foreclosure happened. Any information would be helpful.

    Comment by Peggy — November 3, 2006 @ 3:21 pm

11. Hello, my name is Nick Ramirez I am in need of some help tomorrow my home is going intention to foreclose Nov 7 2006. I been looking in to this matter and I think I no what is going on now. I believe that I was set up and I have proof all on paper. I was hurt in Nov 2005 on a job were I was in wheelchair for two months .At that time I need to get a loan because I was not insure hope to talk to you about this matter to.
    A broker that help before help with this loan in Aril 2006 I put trust in her she was to get me a good loan but she didn’t it was a high one at it had to do with my credit were I end up with a $3887. Month payment and it cost me a lot of money out of $ 70.000 I got 34.000 be side that she falsify my income $ 9,700 month and $117000. A year. I am self employ were I was not able to work she new that I was hurt bad took me 9 months to recover. I am about 90 %. And was over charge she did two loans were out of $ 120.000 I got 50.000 The same broker was going to help me on this new one that we were going to sign on Oct 11 2006 were she lie to me and she dump me and knowing that I was going on two payment behind . I believe that this is to be true. To day a creditor call me about payment for when I got hurt and I start to talk to him about my matter .I told him about my home going in foreclose and my credit and he ask me who was my mortgage with I told him it was AMC that is Ameriquest Mortgage .He said that he hear that summing about the credit bureau and Ameriquest Mortgage working together that could be why I am having a hard time. There no reason why the credit bureau are not helping. I should not be in a matter that I am in. I prove every thing to the credit bureau over and over and still they did not help me for 11 months all they did is put me in this matter of losing a lots of money and trying to take my home I have all paper work to show that the credit bureau are wrong 100% and they no that. I have the paper work to show about the mortgage how they over charge me a lot of money hope you can help me. Please call or I will call you thank you Nick Ramirez (510-749-4856) 227 central alameda 94501

    Comment by nick — November 7, 2006 @ 4:16 pm

12. I’m recently hearing about this lawsuit because i,m in a forebance contract with them when every month they are sending me letter of foreclosure pecending when they are wired the money everymonth. Why were all their customer noifty of this lawsuit maybe we all could have took part in this. So how do we get help for our situation with this. Should I start looking for a new Mortage loan company.

    Comment by Tracy — November 14, 2006 @ 4:30 pm

13. am in need of help Idonk no what to do i cant belive this is happening no one want to help can you plaese read to see if you can help every thnig in your report has to do with me and looking over a credit report from 2/27/06 they had 12 late house 5 account open that were paid off on this report ned help

    This is a true story I have been asking for help and pleading for help for 11, months from Equifax and Experian, TransUnon. I Paid for six of there online monitor’s services to help me fix there errors and inaccuracy on my credit report. I never received the support that I was entitled to by the customer service staff nor did I get help. Alternatively, support, for a paying customer your system did not work.

    I have been harass first by Consumers affair department to stop sending letters to the Corporate office and .after talking to the woman first she said they did every thing that they had to do. .I told her that not true, she said it the creditors are the one reporting the information on my credit report; Ok But the rulebook said you have 30 to 45. To investigate or it must deleted or correct that in the rulebook Right .So I said to her that wrong she said I did not say. What I am trying to say that the law. .If you want to hear the recording it should be there to see if I am telling the true about the talk we had.
    I have provided all of the research and provided everything that your company has requested; I informed this company’s with letters of confirmation copies of checks. I call day or week after week I fax mail email got about 200 letters or more. I Paid for six of there online monitor’s services to help me fix there errors and inaccuracy on my credit report. I was asking for help and pleading for help for 11, months and I was right for most of the time my credit reports will show all.

    On sept 15 2006 .I receive a letter from Robert Sanders of Experian National Consumer Assistance Center and Fraud Security Department
    If I do not stop sending letters to Experian employees who are not affiliated with National Consumer Assistance Center. You are directed to immediately “Cease and desist all communication with any Experian employees or office via email. Why are these people taking the time to harass me and not to help me you would think that they would be giving me help and support first? I have not made no threaten of it kind. This is a Threat haven’t you done to much

    I have been put in this situation of hardship. My home has gone intention to foreclose Nov 7 2006 I have been put in a financial problem that has cause me and my family so much pain not to mention the stress that the bureaus have cause. Noting but hard time were I don’t known how I am going to buy food I don’t known if the gas or water ,power going to be turn off .My son do you known what it like to tell your son I don’t have no money for school or noting . Look what you done all this for money.
    I hold these company’s accountable for the money my creditworthiness and damage me financially and my time of all that I put in repairing my credit. How can this be so wrong? I cannot under stand how they can cause so much hardship. If I did it to my self or my own fault then I could accept it but this is not the case? To day, I receive a personal credit report from Transition. With my grade F and my score 583 CREATED 11/03/2006

    This is so wrong why these people are playing with me. I will proved them wrong you the people of the USA can see for your self. I will provided every thing so you can see why did this happen to me after I did what more than I was Require to do. In addition, asking for help pleading to fix all of the errors. I had provided letters from the creditors to your companies in Jan 2006. All accounts have been verified there no reason why I did not have there full support. I have provided everything that your company needed to fix. In Aril I
    Receive my first late payment. This is four months later. Still the errors and inaccuracy on my credit report were not correct. On top of that, 80 Inquire were added to my credit report that .Equifax deleted and Experian deleted about 60. TransUnon deleted the same. Just this September a 30 day late, that was on my credit report for 3 years. It was just taken off. ..I had provided letters from Owen bank research department paid as agreed for all months’ .three years ago. I had received a letter from your Equifax Company in Mar 2004 Results delete investigate by your research department do not this matter the investigation department didn’t do the researched on this credit account for noting. In addition, the AMA collection was on my credit report for most of the month of September, I fax you the delete letter from AMA collection the next day. It took a month to take it off it never should have been on my credit report in the first place and lower my score.
    I applied for the Wells Fargo Visa because Dinah Watson of Equifax you informed me
    I have provided all of the research and provided everything that your company has requested. Although most of the disputed accounts have been deleted or resolved, my score has not improved. I was right from the beginning and never received the support that I was entitled to by your customer service staff you have been fixing all the errors don’t that show you that you was wrong and also you need to stop with the

    Also to day, I receive a letter from Well Fargo bank for $1297.67. I paid $300. To apply for the Wells Fargo Visa because I informed by Dinah Watson of Equifax Office of Executive Consumer Service me that it would raise my score. I informed her by fax email and call when the card had been approved and got no confirmation that she had received my fax or did it improve my credit score. The bank intercepted the money and I never use my card. Therefore, by taking your advice, I am now further in dept. If this problem with my credit report been resolved nine months ago or two months also,
    Then my bank account would not have been overdrawn. This account was open 8/06
    In addition, I receive a personal credit report from Transition. With my grade D and my score 674 CREATED 09/27/06 .Also, receive a credit report from Argent Mortgage co. On 09/25/06, score Transition. 637 .Equifax 557and Experian 594.I known what going on

    Hello, my name is Nick Ramirez I am in need of some help tomorrow my home is going intention to foreclose Nov 7 2006. I been looking in to this matter and I think I no what is going on now. I believe that I was set up and I have proof all on paper. I was hurt in Nov 2005 on a job were I was in wheelchair for two months .At that time I need to get a loan because I was not insure hope to talk to you about this matter to.
    A broker that help before help with this loan in Aril 2006 I put trust in her she was to get me a good loan but she didn’t it was a high one at it had to do with my credit were I end up with a $3887. Month payment and it cost me a lot of money out of $ 70.000 I got 34.000 be side that she falsify my income $ 9,700 month and $117000. A year. I am self employ were I was not able to work she new that I was hurt bad took me 9 months to recover. I am about 90 %. And was over charge she did two loans were out of $ 120.000 I got 50.000 The same broker was going to help me on this new one that we were going to sign on Oct 11 2006 were she lie to me and she dump me and knowing that I was going on two payment behind . I believe that this is to be true. To day a creditor call me about payment for when I got hurt and I start to talk to him about my matter .I told him about my home going in foreclose and my credit and he ask me who was my mortgage with I told him it was AMC that is Ameriquest Mortgage .He said that he hear that summing about the credit bureau and Ameriquest Mortgage working together that could be why I am having a hard time. There no reason why the credit bureau are not helping. I should not be in a matter that I am in. I prove every thing to the credit bureau over and over and still they did not help me for 11 months all they did is put me in this matter of losing a lots of money and trying to take my home I have all paper work to show that the credit bureau are wrong 100% and they no that. I have the paper work to show about the mortgage how they over charge me a lot of money hope you can help me. Please call or I will call you thank you Nick Ramirez (510-749-4856) 227 central

    Comment by nick — November 15, 2006 @ 3:04 am

14. I have similar issues if there is a lawyer out ther that is willing to take on ameriquest please email.

    Comment by ronda — November 18, 2006 @ 8:34 am

15. I worked there for 2 months and what a joke. Went to lunch and didn’t come back.
    If your getting harrasing phone collection calls when your only a few days past due send them by fax this letter

    “In accordent of the FAIR DEBT COLLECT ACT I am requesting that you not contact me by phone and that all coorespondence is to be done through the U.S. Mail”

    By law they will not call you and they won’t.

    I have been in the Mortgage business for 15 years. They were the absolute worse I have even seen.

    Good luck.

    Comment by Mike Anthony — November 18, 2006 @ 2:09 pm

16. How is it possible for a company to do so much harm to so may citizens and get away with it. My personal experience I purchased a home in florida and made my first payment. Therafter unfortunally both my husband and I lost our jobs. Immediately I attempted to arrange to make payment arrangements, however they never helped me forcing me into a forcelosure. To make matters worst the insurance company (citizens) canceld the policy because the information they received was incorrect therefore, AMC forced $3,000.00 montly policy to my mortage and did not nofity me until I owed about 9,000.00. How is it possbile with all the law suits complaints etc … for this company to continue to be in business . I am a great beliver in GOD and I hope someday there will be some justice made.

    A very disappointed citizen

    Isabel

    Comment by Isabel Garcia — November 28, 2006 @ 11:24 am

17. Well, I am very saddened to hear that all of you have so many negative comments to make about this company. Yes, Ameriquest was involved in the lawsuite that covered 49 states. Unfortunately, due to the industry demands, individuals have taken the lessor of the “do the right thing” road. It is very unfortunate how those individual employees have cast such a horrific shadow on a company. Yes, the company untimately has employed those people, however I have not read any comments about the indiviuals whom assisted in the “fraudulent acts” themselves. Where is the responsibility? I have been in the industry for many years, 12 to be exact. And I have seen many companies fall about because of the neglegance, ignorance and arrogance of individuals that are working with the High Powered mortgage companies.
    Please do not misunderstand my point of view. I am in no way shape or form discounting the company for the acts that “were” committed. However, because this company is one of the leading lenders in the subprime market, they are bound to have legallities that cover this spectrum.
    I wish all of you all the luck and comfort. I just wish they would prosecute those individuals rather than shame the company as a whole.
    Good luck and god bless.

    Comment by Monique — November 29, 2006 @ 4:03 pm

18. SO you all think you have it bad; Ameriquest inflated our property value; committed fraud; and in the end sought foreclosure judgment; and they accomplished this; and once I found out that there was an avenue to contest what happened to me; I took it; now the judgment just mysteriously disappeared and has gone away; but I have proof it did exist; by my credit report. So damage has been done and I recommend everyone contact a legal malpractice attorney; because this isn’t over with in any form or fashion…

    Comment by Terry — December 14, 2006 @ 8:44 pm

19. Ameriquest… Where do i start. Hmm how about paying intrest and payments on money that they still have. I took a morgatge loan out with ameriquest and i can see the downward spirle begining what can i do to fix this? Part of the stipulations to our loan was our bad credit was to be paid off. Ameriquest made payment arangments for the 15th of the month and didnt fund the loan till the 25th of the month. Well everyone knows the rest of the story now the creditors want more money. a long story short they made a real mess out of my loan and they still have some checks that were double cut and even a check for a debt that was not mine they now refuse to refund the roughly $6000.00 to the loan or recut the checks to me or recut them twords one of our other debts so essentially totally screwed up our loan, our credit, our finances, and our plans for home repairs, and bassically our future. Can someone point me in the right direction and hopefully keep me from falling into the blackhole. Thanks!

    Comment by Steve — December 27, 2006 @ 3:32 pm

20. I DID NOT KNOW ANYTHING ABOUT THIS LAWSUIT, I HAVE BEEN HAVING PROBLEMS WITH AMC/AMERIQUEST FROM THE BEGINING. I WOULD ALSO LIKE TO TALK WITH A LAWYER ABOUT MY PROBLEMS.

    Comment by ELAINE — December 27, 2006 @ 3:48 pm

21. I need help please January 6, 2006

    I am writing this letter with the hopes that there is someone out there who can help me. On December 20, 2006 my home is in foreclosure and I am running out of time. In 83 days, my home is going on sale I need help. I am a single father, raising two boys. I have worked hard my whole life, and have always paid my bills on time. I own my home and am very proud of that. Now everything that I have worked so hard for might be taken away from me and I don’t know how to stop it. Here is my story.

    I purchased my home in 1997. I lived here with my wife and two boys. Five years ago my wife and I divorced and I bought out her half of the house, so I could live here with my boys. I have never been late on a single house payment. In November, 2005 I was injured and was unable to work. I was self employed and did not have health insurance. In January 2006, while recovering, I decided to refinance my home. This is when my nightmare began.

    When I checked my credit report, I found that there was nearly 50 errors on it. There were several accounts that had been paid in full that still showed a remaining balance. It also showed a 30 day late on my house payment, and 38 inquiries which were adversely affecting my score. I immediately contacted the three credit bureaus, Equifax, Experian and Trans Union. I provided all of the necessary documents to the credit bureaus, which included letters of confirmation from the creditors stating that the accounts were paid in full, along with copies of checks. I called day after day, week after week. I faxed, mailed & e-mailed. I have written about 200 letters or more. I was asking for help and pleading for help for 11, months. I never received the support that I was entitled to by the customer service staff nor did I get help.

    In addition, I paid for the on-line monitoring services (listed below) from all three credit bureaus to help fix and correct the errors and inaccuracies that reported in my credit report and their products failed and their services and the system failed.

    1 # Experian Online Personal Credit report
    2 # Consumer Info .com
    3 # Equifax Personal Solutions .com
    4 # Score Watch
    5 # TransUnon
    6 # myFICO
    7 # True Credit three for one
    8 # Annual credit report .com

    I did not get the support or help that was entitled to by the customer services staff. My accounts were not properly handled and my credit score was not correct.

    We as consumers have the right to have the correct information reported on our credit report. By law, all inaccurate information must be removed within 30-45 days. This did not happen. I was mistreated by all three credit bureaus, and now I am scared that I might lose my home. Due to my incorrect credit score, I was unable to refinance my home, with a monthly payment that I can afford in the first of the year.

    In Mar 2006, I put trust in my broker, Ms. Shelly Poe, Pinnacle Finance to help me with refinancing my home. I trusted her because she also helped me with my previous loan. She assured me that my monthly payment was going to be reduced to $1800.00, and I would receive approximately $30,000. I was to sign on Oct 11 2006. At the last minute, she called and informed me that the best she could do was raising my house payment to over $4,000.00 per month and get only $6,000.00 cash back. Ms. Poe knew my situation with my credit score, and that I was becoming delinquent in my mortgage payments. For months, she led me to believe that she was going to help me, and then dropped me at the last minute, leaving me with nothing to work with. As a homeowner today, we put our trust into the brokers and lenders to be honest and upfront. After all, they are the professionals, and we rely on them to do the right thing.

    She explained to me that this would only be a “band-aid loan”. She promised me that she would assist me in correcting the errors on my credit report, to raise my credit score, then get a loan in which my payments were reduced by half. She did none of this.

    She did not give me copies of the final HUD papers and said nothing about the options and the pre-payment penalty.

    She has cost my two sons and me a Christmas with no money, or food and my utilities are going to be turned off.

    I was pressured and rushed in to closing the loan. She lied about the amount of money I was making, without my knowledge. I did not submit anything to her regarding my employment. At time of the loan, I had been in a wheelchair and was not working. She was aware that I had been working on my credit, and informed me that she would help to correct my credit, so we could apply for a loan with a better interest rate and a payment that I could afford. She did none of this.

    She was supposed to be helping me and instead she helped herself to my equity in my home and cost me Interest rate that has cost me thousands of dollars due to my incorrect score. She caused me financial hardship and my creditworthiness and my home that has gone into foreclosure.

    I currently owe a balance of $550,000 on my mortgage, and my house was recently appraised at $630,000. My credit score is rapidly dropping so I am having a hard time getting anyone to give me a loan.

    I am sending this letter in hopes that there is someone out there who can help me. I am about to lose my home. Please, if you can help me, please respond either via telephone or e-mail. If you cannot help, please forward this to someone who can. I am running out of time.

    Thank you for taking the time to read my story.

    Nick Ramirez
    227 Central Avenue
    Alameda, CA 94501
    (510) 749-4856 – home
    (510) 205-2879 – cell

    nick_ramirez77@yahoo.com

    Comment by nickramirez — January 6, 2007 @ 3:28 am

22. Dear Nick:

    I can’t advise you but I have to say this: As soon as you advertised that you have equity, the vultures will swarm around you to try to take it. I learned the extremely hard way as my story is detailed in the Silent Second story and I will soon be evicted as my home was stolen through an equity stripping scam and fraud. I too pleaded for help and did receive some nice responses but YOU are going to have to take action or you will lose your home. I hope you will contact a reputable attorney (if you can find one!) that handles foreclosures/landlord/tenant issues. Hopefully, they will recommend to either sue your former broker for misrepresentation and fraud or initial a Quiet Title action including fraud claims and ask the court for AN EMERGENCY STAY regarding the foreclosure. Try to speak to an attorney for a free consultation that may lead you into the right direction. DO NOT agree to a ‘short sale’ or sign a ‘Power of Attorney’. You may also want to explore bankruptcy options as a very last resort that could possibly save your home after exhausting all other means.

    I trusted the wrong people because of how desperate losing your home will make you. And con-artists prey on that desperation. I do know now how we became severely victimized and targeted but I still will never understand the criminal mind. Being a good con-artist truly takes talent. And you would think to make a living of leaving people homeless and then being able to sleep at night would be an amazing feat but these criminals have no conscience or remorse. Just recently, I was completely devastated by somebody who I looked up to, thought was a good person and who promised to help me expose and combat the mortgage fraud in my case in which is not going to happen. People will still kick you when you are down. Please be careful when signing anything and if it sounds too good to be true, then believe that it is. I do hope you get some legitimate help.

    Comment by Marie Dreilich — January 7, 2007 @ 4:29 pm

23. Thank s Hi Marie Dreilich is there any more info you could give me
    This is more than predatory fraud. It alos about the credit bureaus engaging ia practice of artifically lower my score I will be posting That poeple can see what the bureaus are doing to us This has to be stop, I have to much on paper and all 100% let me kown if there any more thanks Nick Ramirez

    Comment by Anonymous — January 8, 2007 @ 2:12 am

24. nick ramirez wrote:

    nick ramirez wrote: It is now January 2007 (one year later ) And now my home is in foreclosure I have less than 80 days before it go on sell
    I will be fileing action against your companys Equifax Experian TransUnon for unfair and deceptive business practices and misrepresentations of goods or your services regarding the condition of your obligation to investigate consumers claims
    As a subscriber to your internet monitoring service, I was of the belief that not only would my subscription let me monitor all reports generated by your company, but as well, ease the bureaucracy of the dispute resolution process by enabling me to deal directly with your representatives via e-communication. This has not been the case, as I have also had to make numerous telephone calls, and spend money on postage which makes your service not worthy of the cost, excepting the ability to generate reports at will within the allotted time of the service agreement. But, in my case, for what? So I can waste more paper and time getting nothing for what I paid for?

    In Jan 2006 I should have had only my house payment open and NO lates all of the outstanding accounts were paid in full on Oct 27 2005.
    When I checked my credit report I had five accounts open one was due to fraud and a 30-day late and 38 Inquiries.
    Below my credit reports, show you how long it took the credit bureaus to update or remove the inaccurate information, and how the errors reflected my score. All of the account should have stated paid in full, instead they remained open with outstanding balances. I have copies of letters from the creditors paid in full, and copies of checks from the Mortgage Company Again, these accounts were all paid in full in October 2005. Four, Open accounts that were paid off in October 2005. One fraud, account One 30 day late that was incorrect. 38 inquires never should have been on my credit report.
    In April 2006 Equifax deleted all 80 inquiries, Experian and TransUnon deleted 50 or more. This number of Inquires on my consumers credit file has adversely affected the credit score. Also the credit bureaus have affected my credit report with out my help. Down below you will have letters i reveice from Dinah Watson of Equifax Office of Executive Consumer Service saying truly they do want to help me, and the inquiries to be deleted but . One year late still the same thing show, And how it cost me Interest rate with the loan.
    Because of the untimely actions of your dispute resolution department, I have wound up paying higher interest the amounts on
    refinancing of my home, and I kown this is something you should be held accountable for. Then in June 26 2006. I began in Jan of 2006 trying to take care of the inaccuracies’ on my credit report The first late in over four years is
    on your time the 30 day late that I got now is on your company and the four that I have now for the lack of your services if your company would done what your job is to do in the time that’s by the law your company would resolve my matter but you didnt you will see what your Refinanced my mortgage with Agrent Financial beginning in March 2006.
    Option 1 was paid in full in as of February 2006.

    Subject: Equifax concerns
    To: nick_ramirez77@yahoo.com
    From: Dinah.Watson@equifax.com View Contact Details Add Mobile
    Alert
    Date: Fri, 16 Jun 2006 10:49:46 -0400

    Mr. Ramirez:
    Thank you so very much for supplying documents as
    Needed for your file
    Update. As of today, I have completed trade
    Line updates and deletion of
    Inquiries, etc. I have processed you an
    Updated copy of your file. You
    Should receive same by mail within 5-7 business
    Days. You may still have
    Some concerns and may be able to provide
    Additional documents, etc., for
    Further modification. Once you receive your
    File, PLEASE contact me if
    There are additional concerns.
    I thank you for your time and for allowing me to
    Assist you. Please
    retain my contact information for further
    concerns.
    Dinah Watson
    Office of Executive Consumer Service

    Record Total 44 ERRORS
    CREDIT REPORT # 1

    01/06/06 credit report by CBCinnovis

    Equifax TransUnon Experian
    550 587 599
    There were five accounts open . four were paid off Oct in 27 2005.
    . One fraud, account One 30 day late that was incorrect. 38 inquires never should have been on my credit report.
    Again, I provided all documentation that was needed to correct or remove the inaccurate and false information shown in the above accounts to all three credit bureaus in January 2006. Again, by law, the credit bureaus have 30 -45 days to investigate and remove all inaccurate and false information from my credit file. This was not done!

    ///////////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 2
    Credit report by Credco date.2/1/2006
    This credit report show 12 late houses payment. In addition, three accounts open that are paid, and one account showing unpaid and paid, one open account due to fraud. In addition, 41 Inquiries that was incorrect.

    In April 2006 Equifax deleted all 80 inquiries, Experian and TransUnon deleted 50 or more. This number of Inquires on my consumers credit file has adversely affected the credit score. Interest rate with the loan.

    In this credit report with Equifax score went up 18 points… and TransUnion went down 8, points and Experian went up 4, points. With 8 lates house payments incorrect. Three accounts that were paid… AND A 30 DAY LATE THAT WAS DELTE 9/06 4 YEARS ON MY CREDIT REPORT
    IN MAR 2004 I HAVE A DELETE LETTER FROM EQUIFAX NEVER WAS TAKEN OFF.

    Equifax TransUnion Experian
    568 579 603
    .
    I have provided all of the documents to the credit bureaus that were needed to correct the errors and this was not done within the 30 to 45 days that is required by law. I believe that my accounts were not properly handled and my credit score is not correct. I do not understand what the problem is when I have all of the proof, i.e. deletion letters sent to me from the creditors, to prove what I am saying is correct. Below is a summary of my credit report by Credco dated 2/01/2006.

    //////////////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 3

    02/27/06 credit report by CBCinnovis

    Equifax Experian TransUnon
    560 605 594

    Equifax went down 8 points. Experian went up 2 points.
    TransUnon went up 15 points

    . Open. Afni / No 200345. $ 802.00. I paid this account off in Oct 27
    2005.
    . Another account was. Fraud. Cingular wireless Account No.18856.
    Fraudulent. And a 30 day late that been on my credit four years

    In April 2006 Equifax deleted all 80 inquiries, Experian and TransUnon
    Deleted 50 or more. This number of Inquires on my consumers credit file
    Has adversely affected the credit score. These Inquires affected my
    Credit score and interest rate

    Total 81 errors

    In this credit report there is the same errors as the credit on top WHY

    . Open. Afni / No 200345. $ 802.00. I paid this account off in Oct 27
    2005.
    . Another account was. Fraud. Cingular wireless Account No.18856.
    Fraudulent. And a 30 day late that been on my credit four years

    In April 2006 Equifax deleted all 80 inquiries, Experian and TransUnon
    Deleted 50 or more. This number of Inquires on my consumers credit file
    Has adversely affected the credit score. These Inquires affected my
    Credit score and interest rate

    Total 81 errors

    In this credit report there is the same errors as the credit on top WHY

    . Open. Afni / No 200345. $ 802.00. I paid this account off in Oct 27
    2005.
    . Another account was. Fraud. Cingular wireless Account No.18856.
    Fraudulent. And a 30 day late that been on my credit four years

    In April 2006 Equifax deleted all 80 inquiries, Experian and TransUnon
    Deleted 50 or more. This number of Inquires on my consumers credit file
    Has adversely affected the credit score. These Inquires affected my
    Credit score and interest rate

    Total 81 errors

    In this credit report there is the same errors as the credit on top WHY
    IS IT GOING DOWN
    ON THIS REPORT EQUIFAX GO DOWN 28 POINTS,EXPEREAN GO DOWN 68 POINTS.
    TRANSUNION GO DOWN 46 POINTS. THE LAST THREE REPORTS UP ON TOP ARE ALL THE SAME ERRORS SA THIS REPORT DOWN BE LOW
    ////////////////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 4
    03/16/06 credit report by CBCinnovis

    Equifax TransUnion Experian
    532 530 537
    On this credit report the below accounts still showed unpaid and false.
    1. Afni / Account No 200345. $ 802.00. I paid this account off in Oct 27 2005
    2. Cingular wireless Account No.18856. Fraudulent with Cingular
    Wireless. Unpaid
    3 Ocwen Federal account /qc/ Account No 3174. Showing one lates or
    More.
    I was never late. I had provided all documentation with letters from
    Ocwen bank paid as agreed for all months. The inaccurate information
    Was not deleted until 08/06. Eight months since I first brought it to
    The attention of the credit bureaus and provided them proof from Ocwen
    4 Inquiries-# 78.The number? Equifax in April Inquiries 80 deleted

    .
    ///////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 5
    03/28/06 credit report by CBCinnovis
    Equifax TransUnion Experian
    562 613 619
    WHY DID THE MORTAGE COMPANY USE THE SCORE ON TOP TWO DAYS BEFORE WITH A BETTER SCORE, AND WITH THE 81 ERRORS ON TOP THAT SOME THING NOT RIGHTS????????????? THE LAST THREE CREDIT REPORTS HAVE THE SAME ERRORS AND THE SCORE IS UP AND DOWN WITH OUT THE 81 ERORS GETTING FIX???

    Equifax go down 2 points in to days. TransUnon 19 points in 2 days. Experian go up 14 points in 2 days

    /////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 5
    03/30/06 ARGENT MORTGAGE CO

    Equifax TransUnion Experian
    560 594 605

    Why did my credit score with Equifax go down 2 points and TransUnion down 19 points Experian went down 14 points in only two days? In addition, the Inquiries went down to 80 to only 14. This should have raised my score, not lower it. CBS is showing open but it was paid.

    Account No. 43 2070 / Credit Solutions / is listed 4 times for the same
    Account. This account was one account when it first was posted, then it
    Was made into two accounts. NO’s 432070 and 432071 and now it are listed
    4 times.
    Homeq was paid in Oct 27 2005 showing open.
    Ocwen bank with a 30 day late that was incorrect is still showing.
    Again, now we are going on three months since I provided the proof needed to the credit bureaus, and still nothing was corrected.

    ///////////////////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 6
    06/21/06 credit report by CBCinnovis
    Equifax TransUnion Experian

    547 549 535

    1# 14 Inquiries. Still showing. The number of Inquires on the
    Consumers credit file has adversely affected the credit score.
    Incorrect
    2 # CBA Act 3940103 showing open and. This is an error. This account
    Paid in full in May 3 2006 have letter from creditor
    Incorrect.

    3# Act 21249924. Showing open this account was paid in full 2/13/06
    . Have letter of paid off.

    4 # Act 432070 This account when it was post it on the credit report
    It was the same two accounts with 432070 it should have been only one
    Account but it was made in to two account 432071 that an error. Also
    Added two more accounts with the same I.D. THAT A
    FOUR ACCOUNTS. THATS WRONG paid off in full 4/24/06. Just in this
    Account there is three errors.
    5# Account Homeric 4230000. $ 986.00 and $72.00 PAID IN OCT 27
    2005 PAID WITH CHECK $1,472.00 OVER PAID $416.00. Need to recover
    No help .Not showing paid?

    6 # 30 days late. Ocwen Federal account 3174o33 showing late that
    Incorrect never was late. Have letters from Ocwen paid as agreed for all
    Months. . JUST. Taken off in 8/06. For years on CREDIT REPORT. ?

    7 # Option one mortgage Act 64700. Showed that I was late on my house
    Payment in April 2006. This information is incorrect due to I
    Refinanced my mortgage with Agrent Financial beginning in March 2006.
    Option 1 was paid in full in as of February 2006.
    In addition, I paid for the on line monitor services from all three
    Bureaus to fix the errors and a few more services email us mail called
    Fax what more do I have to do. Therefore, if all this was done right I
    Would have never been late. Therefore, along here in this credit report
    You have TOTAL OF 10 major errors.

    /////////////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 6
    08/30/06 credit report by True Credit

    Equifax TransUnion Experian
    570 578 588

    ///////////////////////////////////////////////////////////////////////////////

    CREDIT REPORT # 7

    09/25/06 ARGENT MORTGAGE CO SEND TO ME
    Equifax TransUnion Experian
    557 637 594

    /////////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT #8 09/28/2006 SEND TO ME
    BY TRANSUNION SCORE 674

    //////////////////////////////////////////////////////////////////////////////////
    CREDIT REPORT # 9
    10/11/06 credit report by Land America
    Equifax TransUnion Experian
    471 539 517

    1 # AMC MTG SVCS. Account 8740096372958 with the first 30-day late.
    2 # WELLS FARGO Account 442644100567 $ 405.00. In this report in good
    Standing as agreed. However, over the credit line by $105.00. With a
    Secured credit of $300.That I never got to use and already a balance of
    $405.00. I put down $ 300. To open this secured credit card with my
    Money. I applied for the Wells Fargo Visa because Dinah Watson of
    Equifax informed me that it would raise my score. I informed you via
    Fax when the card had been approved and got no confirmation that you had
    Received my fax or did it improve my credit score. The bank intercepted
    The money and I never have to use my card. Therefore, by taking your
    Advice, I am now further in dept. If this problem with my credit report
    Been resolved nine months ago OR 2 MONTH AGO, when I first filed my
    Again, now we are going on three months since I provided the proof needed to the credit bureaus, and still nothing was corrected.

    You guy did me wrong you kown that or the broker did you let it happen….

    __________________________________________________

    Comment by Anonymous — January 8, 2007 @ 8:14 am

25. When will they start sending homeowners the monies they owe them,

    Comment by Marilyn — January 9, 2007 @ 6:07 pm

26. Hey….I have been having a terrible time with AMC since 2003…and things are worse…my home is in foreclosure…and any day now, I will be asked to move. No one at AMC ever treated me as a person, or treated me farely. I wish all of you luck…and hope that your situations turn better.
    AMC stated I had almost double the income then I did, didn’t provide me with any of the copies of my loan papers…for 1 year after I signed on with them…and I know that when I did receive the paper work, it had probably been altered…the rep from AMC that I worked with at the beginning, was alittle shady acting…I should have went with gut feelings then….cuz, when I began to have late fees, interest increases, no paper work, etc….he “no longer worked” for the company…and shortly thereafter, the company moved from the Flint MI location….and that is the beginning of the story 4 years ago….Now Feb, 07, I am waiting for them to post a note on my door…of a date I have to be out…
    Legal fees and mediation fees…have but me over the edge…and I am burnt out…I have to begin again, and I will….with or without help to get AMC for their wrongful doings and practices.
    Single mom in Michigan

    Comment by Lee — February 11, 2007 @ 7:42 pm

27. This may help out but it also may be too late.

    Ameriquest Multi-State Settlement

    Commissioner Linda Watters announced a national settlement between state financial regulators, state attorneys general, and Ameriquest Mortgage Company on January 23, 2006. To find detailed information about the Settlement and who may be eligible to receive restitution payments, as well as answers to frequently asked questions, the Executive Settlement Committee has made a web site available.

    http://www.Ameriquestmultistatesettlement.com

    ****To the Readers: There is a 55 page settlement agreement that you have to read and sign that is in adobe format. There is also an easy to follow FAQ section with common questions and answers.

    I wonder if people will ever see a dime from this and if so, how much?

    In a similar class action lawsuit, I did recieve a check for .54 cents.

    I hope that is not the case for the victims in this case.

    Comment by Marie Dreilich — February 21, 2007 @ 8:12 pm

28. WE,FINANCE ARE HOME WITH AMERIQUEST 4 YEARS AGO ITS BEEN NOTHING BUT,PURE HELL,AND CAN’T GET OUT FROM UNDER THEM.WE OWE MORE THAN WE BORROWED.AND OUR PAYMENT WENT FROM 1064.00 TO1740.00 .OUR SHOP BURN TO THE GROUND.WE RECIEVE 25000.00 IN INSURANCE TO RBUILD BACK AND THEY KEPT THE FUNDS.WE STILL HAVE NO SHOP.OUR LOAN IS STILL MORE THAN WHAT WE BORROWED.I GLAD SOMEONE FINALLY STEP IN TO GET SOMETHING DONE.MAYBE,THEY WON;T RIPP ANYMORE HARD WORKINGPEOPLE OFF. IT SAD WHEN YOU CAN;T AFFORD STAY OR AFFORD TO GO.AND THATS YOUR WHOLE LIFE SAVINGS YOU PUT IN YOUR HOME.

    Comment by LESLIE CLARK — July 6, 2007 @ 8:28 am

29. We refinanced with Ameriquest in 2004, we opted for the adjustable rate because we were told the rates would likely lower after the 2 year fixed rate expired. At closing we came to find out we had a prepayment penality for 3 years. It was too late to back out as we had no other options at the time. Hmm, that left 2 rate increases before we could get out of the loan. Now we are tryign to refinance only to find that the rate we can get is more then what we have now, but better then the next rate increase. If we don’t do it we are facing bancruptcy. How is this fair! Why are they allowed to still be in business and ruin the lvoes of honest hard working people who are just trying to get by. I get notice of a restituition payment for , guess how much? 300 and something dollars. Please tell me how to join a class action suit. This is just wrong.

    Comment by Beth Lawrence — July 10, 2007 @ 3:42 pm

30. This is so WILD! My husband and I have AMC too. However, when he refinanced our home two or three years ago, they only put his name on all of the paperwork. I happend to be looking online at our borough property information and our propterty is listed as having a QUITCLAIM deed insted of a Warranty deed. I guess I need to figure out what that’s all about.

    Anyway, I always had a funny feeling about AMC and I cussed my husband to high heaven for getting involved with them. The first problem came when they would not auto draft our savings about for our mortgage payment they told us they could not draft a savings account but only a checking account. Our credit union is very small and although I provided them with all of the necessary information, they insisted that they could not do it unless we provided voided check. I was very nervous about this so I opened a checking account at a different bank and sent a voided check to them and every month I have part of my husbands retirement check go to that account to cover the payment. Well get this….on 4 different occasions, we have had to pay a late fees because they said the bank returned the payment. The last time this happend (last month), they called and told me that we were not allowed to do autopay because of the number of returned payments. I never knew this was happening because I always put a little extra in the account and never used it for anything else but the mortgage payment. Well come to find out, AMC had routinly posted the payment for the 1st day of the month even though we had a WRITTEN agreement for the payments to be drafted on the 5th. I selected the 5th of every month so that money from the Army would have time to make it to the original bank and then get transfered to the new bank. This would also leave a complete 10 days before the mortgage payment would be late. When I pointed this out to the VERY RUDE agent that called me, she soon realized that she was not dealing with someone that was just going to roll over and take it and had to apologize to me.

    I came to the website looking for any similar problems. But now I see now that my problems are NOTHING compared to many of the previous entries. However, I still would like to find out about any class action suits. Because, this may be my only alternative to get the $200 in late fees back not to mention the bank fees.

    Comment by Barbie H — July 16, 2007 @ 9:06 pm

31. Barbie, your amount may vary by state. I’m in Michigan and we just received a packedt from the Attorney Genneral’s office, because we had a prior loan with AMeriquest. The minimum payout in Michigan is $600 and checks are supposed to be mailed in the fall, to the eligible borrowers who agree to the settlement.

    We were one of the lucky ones. We knew it was a crummy loan, but we were doing credit repair, and refinanced it with a conventional loan at our earliest opportunity.

    Comment by Dawn — July 18, 2007 @ 12:34 pm

32. I Just have a comment??????

    It’s Ameriquest, the only company who did fraud ?? All credits cards or banks does the same I really would like see all these companies be under investigations too there it’s allot of people who are loosing their home or cars whit different mortgages or banks and nobody said noting!!!
    I guess because they know the owner has money. I would like to see if the millions of dollar he will pay for penalties the customer will have some of it.

    Comment by Marha — October 29, 2007 @ 12:33 pm

33. when will payouts begin in the ameriquest class action suit. ive signed all the papers and was told all paperwork had to be in by oct.10th . we havent heard any more do you have any new info……….lmk tu.

    Comment by wayne — November 14, 2007 @ 7:10 pm

34. An old story but one that needs to be refreshed.
    There was a television program recently about Ameriquest exposing how they did business. Most of us are aware of what happened there. I, as a mortgage broker, could not believe some of the stories I heard or the Settlement Statements people brought me after the fact seeking help and guidance. Talk about predatory lending, they were the masters of it.

    But two things are important to know. One is that it was told on this news program that the founder of Ameriquest, shortly after the company closed was appointed by the U.S. Government to be an Ambassador to the Netherlands. A reward for a job BADLY well done? Maybe Ken Lay of Enron should have been made Secretary of the Treasury.

    The other important item to know is that Ameriquest was primarily a telemarketing company with novice originators taught only what they needed to know to sell the program, period. Most of them had no knowledge of the mortgage industry. This is important to know as there are many other telemarketing and internet marketing mortgage companies out there doing the same thing. Their originators have no knowledge or training beyond what they need to know to “make the sale” for the limited products and programs that company offers.

    I have always believed that PLANNING a mortgage is a one on one situation with that experienced, loan originator or even the novice originator that is with a company that has the talent and knowledge available to him to enable him to consult and advise a person properly. Getting a mortgage on the telephone or on line simply does not work FOR THE BORROWER. A mortgage is a complex instrument and cannot be purchased like a CD on ebay.

    Bottom line, if you do business in this manner, when you get to the closing have the closing agent FULLY EXPLAIN every document you are asked to sign BEFORE YOU SIGN IT. In addition, know that you can walk away from the table if you don’t like what you see and hear. You are not expected to be an expert in the field, you do rely on the “experts” but you can JUST SAY NO! Get up and walk away and then seek legal advice.

    Comment by Larry Rubinoff — November 21, 2007 @ 4:44 pm

35. Ameriquest hired Nations Title to do a Title search on my daughter’s property. Nations Title left to liens on the property do you know of anyone in a similar situation.

    Thank you,

    Angi

    Comment by Angi Oselen — February 26, 2008 @ 9:15 pm

36. I got a mortgage loan with quick loans which ameriquest took right away it was a nightmare fro m hell. my payments was 1700.00 a month we where so far over our heads in debt. They knew that we could not aford that much our finances could not handle it so they told me to go the hall of records to start a business to say that I made more money with self employment with gardening… And I am still fighting . Now Downey Plattinum is a pain because they told me they could bring me out of forecloser and lower my payments by short sell and I should use a family member some one I trust . I cost me over 60000.00 tol sell my house . this was for one year and I could buy it back and they would give me cash out . they said I could stay in my house with lower payments . well my payments are now 2000.00 a month and no garnatee of being able to buy back from them because I got not one penny. Between them and the buyer theiy pocketed over 60000.00/ Is there any way get someone to help me and my husband to recover our losses.? We are both receiving socia security and just suffering from what they did to us

    Comment by maxcine bright — April 12, 2008 @ 8:09 am

37. My husband and I refinanced our house in 2005 after our daughter was born premature. We had horrendous Dr. bills and AMC presented us with a “wonderful opportunity”. We were told to take out a loan for 130,000. As of today, we still owe 128,000. !! Our interest rate started at 9.5% and is due to go up on Oct. 1st. Citifinancial has taken over our loan (not by our choice) and we have had nothing but problems from the beginning. Our credit has gone down quite a bit since taking the loan from AMC. We want to refinance, but have no equity and bad credit!! Any suggestions or help?

    Comment by Karen — June 25, 2008 @ 10:46 pm

38. Hi, I got a mortgage loan for an duplex i bought at the end of 2004. I am still barely holding on to a mortgage that is adjustable and was inflated from the start from AMC mortgage which got sold to ameriquest. I was advised to get an adjustable rate mortgage over a fixed (even thought I didnt intend to), the appraiser inflated the price so for the past few years it has been hard to sale with out taking a loss and the inspector passed my home with violations. Ameriquest sold my mortgage to Homeq mortgage which is no better. Now since 2005 my A PLUS credit has gotten alot worse trying to keep up with an adjusting mortgage and I have been offered no help from my mortgage servicer. I have been defrauded and I need help. I didnt know about this payout. Any suggestions?

    Comment by qiana — October 23, 2008 @ 9:47 pm

39. I also had 2 ameriquest re-fi’s within the dates provided for the settlement offer. We lost our home when the loan terms doubled our mortgage cost, and we were NEVER contacted re the case. I never lost my job, etc. and was still at the same workplace as when I obtained my ameriquest mortgage. do I have any way to still sue ameriquest? They refused an offer of a loan purchase from my new lender and instead put the home to auction and made a bundle-to rich for my bidding to buy it back.

    Comment by bob — June 29, 2009 @ 7:52 pm

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