Ameriquest Mortgage in the News in Tampa, FL - watch the video
A client sent me the link to the report by Mike Deeson:
The video at Tampa Bay’s News 10
A great report! I sent them an e-mail requesting permission to repost the vid, the link at their site will probably go bad.
“… An Ameriquest spokesperson says the company is committed to fair and ethical treatment of customers and will continue to take immediate and decisive action if it discovers unethical or unlawful activity. ...”
Interesting. Maybe somebody could explain how “fair and ethical treatment” turns into lies, denial and perjury?
“… Nick Ekonomides, Attorney:
“And we understand it, their claim is going is to be it’s just the Tampa office that did this. Or it’s just the Tampa and St. Petersburg office that did this. Perhaps it is the Tampa, St. Petersburg and Clearwater and Boca office that did this.”
But Ameriquest also has to explain why it paid $60 million to the state of Connecticut to settle fraudulent claims and is paying up $50 million to settle claims in California, Texas, Alabama, and Alaska.
The company also has to explain why attorneys general in 25 states are investigating the company for fraud, falsifying documents, and bait and switch. All from a company that says it is a “personal mortgage specialist which will be with you every step of the way.” ...”
Ameriquest is not the only mortgage company exploiting their customers.
Unfortunately, most lenders operate just like Ameriquest.
Posted by Christine on 05/19/2005 at 04:34 PM
2004 Suit (credit limits, credit reporting - on appeal) • Ameriquest Mortgage - incompetent spammers • (16) Comments • Permalink
Here is the link to the 401k that was used on three seperate loans that we provided to the LA Times, who investigated it and wrote about it having been true in their paper. Ameriquest stated that they would investigate it.
http://FISHNUTS3.TRIPOD.COM/12345678
I would like to hear the excuse used by Ameriquest, it can’t be denied. The employees told us and the times writers, that this is a very common thing to do to get a loan closed. We also have proof of fake cash reserves and 457 retirement funds and more investment funds like this.
One of these people is the actual owner of this fund, why was it used in three seperate loans.
I still have the originals with the originators fingure prints still on the clear tape if AMC tries to suggest it was made somewhere else.
Besides if it were how did it get in borrowers loan packages?
Also there is a stated income letter from AMC employees to a borrower telling them what to write to get the stated loan!
I didn’t see the letter about the stated income loan—just appraisals.
And there’s nothing wrong with those appraisals. It would be a waste of the borrower’s funds to order appraisals with a value LOWER than what’s needed for the loan.
Would you want to pay $300 to $600 and sometimes more for an appraisal if there’s no way you’ll get the loan?
Would you want to pay THOUSANDS more in points just because your appraisal is low?
Well, I wouldn’t.
It has nothing to do with fraud and doesn’t serve your cause to focus on NON issues.
If you want to prove appraisal fraud you need to post ALL comps preceding the appraisal date by 3 months.
There is a point to the appraisals. The person who ordered them and the appraiser are going to testify that they are all highly over appraised.
Besides when the property is so highly over valued per request of the ae, which was recently a news worthy discussion for congress, it puts the owner in a position where they cannot refi.
They owe more than the house is worth due to the first over appraisal…
The appraiser should determine the value based on his talents and abide by laws without adding rooms, pools, new roofs that dont exist. Billing twice, at the door and on the closing doc. Not by money from an employee of a mortgage co.
Here are some examples of the fraudulent docs, George has…
Ask for a copy of what you would like to see!!
Of well over 150 seperate mortgage loans, with thousands of docs i have in my posession headed for the shredder, 90% have forged signature authorizations for credit pull......
All appraisals are highly over inflated bad comps
phony additions.....
Most are new purchases hidden as refinances.....
Original stated income letters instructing buyers what to write on them, letters written on blank paper with the words stated income copied onto them....
Doctored bank statements, two peoples names on the statement(mother and daughter) daughter is 17 and not on the loan, white out one,and make copies so it only looks like one person owns the account....
Grand theft of closing $$ in the amount of $2.414.00…
Quit Claim Deeds with underpaid doc stamps…
hidden unpaid taxes witheld from the borrower…
No title policy’s, although paid for many cases…
No home fire ins, policy also paid for many cases..
Already notarized QCD without the buyers signature…
Appraisal done after closing…
Using same investment fund,457 ritirement fund for multiple loans…
FakeW2 s
Altered w2 s
Phony jobs
This is not the end of the mis-deeds there is still more!
“The person who ordered them and the appraiser are going to testify that they are all highly over appraised.”
I don’t see that testimony at your page - I see nothing evidencing any fraud whatsoever. If you have some convincing evidence and you want to put up a page without the ads, I can give you all the space you need.
“Besides when the property is so highly over valued per request of the ae, which was recently a news worthy discussion for congress, it puts the owner in a position where they cannot refi.”
I don’t know what an “ae” is, but WHY ON EARTH would people want to refi AGAIN?
As much as I dislike what Ameriquest is doing, what the heck is going on with those homeowners?
Doesn’t Congress have some REAL problems to talk about? How about getting us some accounting for HUD and the Pentagon and all those departments that spend billions without ANY accounting whatsoever?
Appraisals are part of that problem when it comes to fraud committed by fake buyers and I’ve heard some really wild stories about these gangs who deal in fake or grossly overvalued real estate with straw buyers and the intent to default.
That’s a criminal issue - not much to discuss there.
In recent years most loans don’t even require a real appraisal anymore, a “desk” appraisal based on computer data will do. I don’t think that’s appropriate, NOT because the homeowner gets hurt, but because HUD, lenders or insureres will pay the deficit when they foreclose.
I really think a lot of people ought to ask themselves what the hell they’re thinking, refinancing $30-100K in credit card debt once a year.
*Most* Americans are at the mental level of lemmings - not capable of making rational decisions and determined to commit financial suicide. There is NOTHING I or anyone else can do to change that.
I sued Ameriquest because I thought it was horrible how they lied to me, how they refused to provide the promised credit reports and how they lied about the reason for the decline.
The judge ruled that it was ok for Ameriquest to do that.
We’ll just have to live with that.
Another million dollar question:
You have a TON of time on your hands. You’ve posted so much all over my sites I can’t even figure out what is where.
Didn’t you write somewhere that you are a plaintiff?
Where is the complaint?
Why don’t you put up website and put your case in a comprehensive format?
Ameriquest is full of Bernsteins! I am told that in some areas...employees belong to secret underground cults where drinking, drugs and prostitution run rampant! I, for one, am so glad not to be an ameriquest boozbag.
“I don’t see that testimony at your page - I see nothing evidencing any fraud whatsoever.”
Christine, And all else who cares…
You will see some the testimony on an upcoming news story just like the one we did above in the article. You cant see the fraud?
Would you call the forged signature authorization’s fraud, i would. The request for the borrower’s to lie about their income
One investment fund used in three loans.
When the appraiser writes the statement
“what are you smoking” on an appraisal request and can only value the property at 85k, when the request is for 250k +, later give an appraised value of 235k there is a problem…
Look closely i have moved some of these docs around and the first 2 pages or so are in a more comprehensive format.
http://FISHNUTS3.TRIPOD.COM/12345678
This one is pretty good:
This doctored statement is pretty good.
I ought to apply for a job with Ameriquest, this is so obviously forged. There’s no way you could tell from a copy that I doctored a document. Before the web I used to do some print publishing.
I also frequently told my loan clients EXACTLY what to write so that we’d get approval. It’s just one of those things, do you want the loan or do you NOT want the loan?
Learned that early on when I had to provide a fake rental agreement to purchase my second house. It’s just how life works, I would have never dreamed of suing someone for that. After all, I had a choice: to buy another house or not to buy another house. The only thing that bothered me was that they didn’t tell me ahead of time and waited until a few days before closing. I didn’t really have a choice any more at that point and I wouldn’t have done it if I’d known early on. And I would have lost a $70K profit in one year.
I’m most impressed when I see the damages.
When someone was promised no closing costs and then there’s thousands in charges ... when the promised rate is around 6% and the rate at closing is 8%+.
When it comes to appraisal fraud—unless you’re talking about people who are mentally impaired or extremly gullible, the loser is going to be the owner or guarantor for the loan. After all, they’ll get to own the property after the default and suffer the damages
If the lender makes money on the 75% LTV loan, you can sell the house too.
The real fraud damages are at HUD and other loan buyers or guarantors.
Why isn’t HUD suing Ameriquest? Why do they still work with Ameriquest?
Why don’t they stop doing business with them?
For the same reason the SEC condones illegal market manipulations and refuses to investigate complaints.
As much as I dislike what Ameriquest is doing, can you blame them? Why shouldn’t they do what they do best - make money?
This is the United States and Ameriquest does EXACTLY what it takes to be successful in America. Just like all the other crooked banks and mortgage brokers ...
I just spent a couple hours looking at Nicaragua maps and reading about life there. They have the same problems, coffee prices are LOW and many of the local growers just can’t pay their mortgages.
But I’m convinced my time is spent better doing something for Nicaraguans than struggling along here and never getting anything accomplished.
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Message Board - WHO’S FILES ARE THEY???
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Rules Today at 12:43 PM
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Who owns the Ameriquest files George is posting about?
Does Ameriquest? George? The borrower whose name is on the file?
Attachments:
Florida Attorney Nickolas Ekomonides sias in court documents Ameriquest Admits to owning documents which over 150 loans were written and contain fraud.
Look at the Court filing on http://www.msfraud.org under the heading WHO’S FILES ARE THEY???
Dispute of loan papers expands
The man accusing Ameriquest Mortgage of fraud is trying to get evidence back from his Clearwater lawyer.
By HELEN HUNTLEY, Times Personal Finance Editor
Published August 11, 2005
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Ameriquest Mortgage Co.’s Tampa office regularly forged signatures and defrauded customers, says George Soroka, who sued the giant lender and collected a pile of documents to support his case.
[deleted by Christine]
I deleted the rest of the article, this isn’t a graffiti wall.
I don’t want EVERY article about Ameriquest posted here.
What’s the point? If you have your brain telling you that something is important, make it work a little more and tell us why.
Also, please don’t take MY work and repost it at other sites without a link. Not only should you at least give credit to the author with a link back, but how many people are stupid enough to believe everything that looks like some article?
Too many, unfortunately.
Your supposed to be helping people? yeah right! I never put your link anywhere so what are you talking about.
And another thing stop tooting your own horn will you. Your site seems like a grafitti wall for nobody but you, how many people actually even respond? Unless they are mostly named Christine i think not many.
Take your work, ahh sorry you have my work here lady so get it right and don’t worry i won’t put anything here for you to selfishly use again.
Stop helping yourself only and trying to make others look as if their stupid, i know i am not are you.
Everything that looks like some article? Your the only one who does that! PR campaign.
Newsflash: This is NOT a graffiti wall. I happen to PAY for the software, the server and I’ve put in many thousands of hours to work on my websites.
Now, let’s talk about you for a moment. You’re one of those whining and complaining IDIOTS.
You are the number 1 reason why Ameriquest and all the other criminals get away with their fraud:
You are STUPID.
You never realized that I have a problem with the reposting of other peoples’ work. The reporter who wrote the article that you posted and I deleted deserves at least a link.
And there have been a number of ** FAKE ** articles posted at other forums, including one claiming that Ameriquest CEO Arnall committed suicide.
Somebody e-mailed it to me, probably you. Why didn’t I post it here?
Because I’m not as stupid as you are. There was no link, a google got me nothing, obviously it was wishful thinking. Quite well written too.
America is full of idiots. Usually, I have nothing at all against all the morons who don’t read their contracts and not even their closing statements, the people who are functionally illiterate, mentally challenged, disadvantaged for whatever reason.
I believe that consumer protection laws apply to all people, no matter how stupid.
However, that doesn’t give you the right to demand that I maintain a graffiti wall for idiots.
“Your supposed to be helping people?”
What the hell?
How much did you pay me?
Are you really so incredibly stupid, you think that someone pays me to help anybody?
You MORON.
I am in the process of going with ameriquest - despite the issues that have arisen with others - I have not lied about my income and have had my house appraised myself and their appraisel matched what my appraiser quoted. Maybe not all Ameriquest offices lie and cheat…
This just shows why a LICENSE should be required before people are allowed to have children.
People like “new mom” definitely are NOT fit to be parents and I’m sorry for that kid. But I’m also sorry for the rest of the world. Kids are our future, and it’s obviously not looking good.
You can see WHY Ameriquest can get away with their deplorable practices:
There are MILLIONS of MORONS like “new mom” who will KNOWINGLY and DELIBERATELY support scummy companies like Ameriquest.
I’ve sued the bastards, I’ve proven that they are LYING SCUM, I’ve sent out 2 press releases about the illegal Ameriquest practices (read over 150,000 times) and Ameriquest has NOT sued me for defamation—because everything I say is true and I have the proof.
And then I have to deal with the mentally impaired like “new mom.” You may think that she is actually an Ameriquest employee and that is possible. After all, no person in their right mind would post here to defend a scummy company like Ameriquest unless they work for or own Ameriquest.
But then again, there are a lot of dimwitted people in America, 50 million voted for Bush.
America, a country in rapid decline.
