7/13/2007

have you opened a mortgage with ameriquest between 1999-2005?

you might qualify for restitution for americaquest's shady practices which include failing to disclose that the loans had adjustable rates, failing to disclose the terms of the loan, inflating home appraisals, and charging excessive fees such as prepayment penalties and loan origination fees. ameriquest has settled for 325 million dollars. restitution averages out to 812.15 per claim.
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Ameriquest settlement

What: Settlement over allegedly improper sales practices by subprime giant Ameriquest.

Who: About 78,000 Californians who got mortgages from Ameriquest and affiliated companies from 1999 through 2005 are eligible to split $51 million in restitution.

Where: For more information, see www.ameriquestmultistatesettlement.com or call (800) 420-5875 -- (866) 494-8274 for customers with hearing impairments.

When: Eligible customers must return claim forms by Sept. 10. They forfeit their right to sue Ameriquest in the future, unless their home goes into foreclosure.



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