Ameriquest Mortgage Class Action Lawsuit Settlement

Monday, 18 January 2010 17:51

We're sorry! This settlement is CLOSED!

No more submissions are allowed.

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over to the OPEN SETTLEMENTS section

to see what's available!

Click here to skip the legal notice and go straight to the Top Class Actions article on this class action lawsuit settlement.

Award (how much your claim may be worth): Average payout appears to be ~$50. Check the comments below and leave one if you received your check.

Class Action Lawsuit Settlement Case(s):  v. Ameriquest Mortgage Company et al. IN THE UNITED STATES DISTRICT COURT FOR THE NORTHERN DISTRICT OF ILLINOIS MDL No. 1715, Lead Case No. 05-cv-07097

Company(ies): Ameriquest Mortgage Company

AMC Mortgage Services, Inc. (FKA Bedford Home Loans, Inc); Town & Country Credit Corporation; Olympus Mortgage Company (NKA Bedford Home Loans, Inc.); and Argent Mortgage Company, LLC

Website Link to access the Class Action Lawsuit Settlement and get YOUR Stake (SUBMIT YOUR CLAIM HERE): Settlement Administrator Website

Address of Class Action Lawsuit Settlement Administrator to submit a claim form (NOT REQUIRED):

Ameriquest MDL Settlement Administrator
P.O. Box 2278
Faribault, MN 55021-2413

or FAX your claim form to 1-866-590-8535

Phone Number to call for assistance:  1-877-872-3812

Details: The Ameriquest mortgage class action lawsuit settlement includes all who originated their mortgage through Ameriquest or one of the other companies listed above. It's important to note that even though your mortgage may not be currently services by Ameriquest, if it originated through them you may be eligible to submit a claim. In addition, the Ameriquest mortgage class action lawsuit settlement combines more than a dozen individual cases into one large settlement. If your mortgage loan with Ameriquest originated after December 14th, 2001 you're likely included in the Ameriquest mortgage class action lawsuit settlement. The five classes included in this settlement are:

CLASS ONE: TILA RESCISSION CLASS

The TILA Rescission Class is a nationwide class of borrowers who at any time on or after February 8, 2003, (or, for residents of Massachusetts, at any time on or after February 8, 2002) have actually requested rescission in writing of their loans pursuant to applicable provisions of the Truth in Lending Act or state disclosure laws on or before December 1, 2009.

CLASS TWO: BAIT AND SWITCH CLASS

The Bait and Switch Class is a nationwide class of borrowers who meet one or more of the following criteria:

(i) loan records establish a final disclosed annual percentage rate that is at least 0.9% higher (as calculated pursuant to TILA) than the disclosed annual percentage rate (calculated pursuant to TILA) contained in preclosing written disclosures made to the borrower;
(ii) loan records establish that the borrower received a loan containing a prepayment penalty, but preclosing written disclosures made to the borrower described a loan without a prepayment penalty; or
(iii) loan records establish that the borrower received a loan containing a variable rate, but preclosing written disclosures made to the borrower described a loan containing a fixed rate.

CLASS THREE: DISCOUNT POINTS CLASS

The Discount Points Class is a nationwide class of borrowers who either entered into loans (i) made after December 14, 2001, and before February 3, 2003, on which they had to pay discount points in any amount; or (ii) made on or after February 3, 2003 on which they had to pay at least three discount points.

CLASS FOUR: WHOLESALE BORROWER CLASS

The Wholesale Borrower Class is a nationwide class of borrowers who paid an amount constituting more than 3% of their funded loan amount in settlement charges to Ameriquest or a mortgage broker.

CLASS FIVE: LOAN SERVICING CLASS

The Loan Servicing Class is a nationwide class of borrowers who paid Ameriquest default and delinquency fees or costs in an amount in excess of a total of $1,000. These fees and costs include fees listed in Ameriquest’s records as late fees, legal fees, phone pay non sufficient fund (NSF) fees, bad check non sufficient fund (NSF) fees, appraisal fees, inspection fees, and recoverable corporate advance fees.

Most people whose mortgage was originated by Ameriquest after December 14th, 2001 will fit into one of the classes above. If you received a notice from Ameriquest make sure to take the time and submit your claim in the Ameriquest mortgage class action lawsuit settlement. The class you fit in above will determine how much you will get paid in the Ameriquest mortgage class action lawsuit settlement. This could pay you thousands of dollars. DON'T MISS OUT ON IT! Submit your claim in the Ameriquest mortgage class action lawsuit settlement now.

Purchased From: After December 14th, 2001

Claims Accepted Until (YOU MUST SUBMIT YOUR CLAIM BY THIS DATE!): 3/09/10

MORE DETAILS BELOW!

Class Action Lawsuit Settlement Amount(s): $22,000,000 = $200,000 in Foreclosure Prevention Counseling + $14,345,000 to Consumers (ESTIMATE) + $7,330,000 Attorney Fees and Expenses + $7,500 to each Lead Plaintiff

Settlement Administrator(s): Rust Consulting, Inc.

Plaintiff Counsel:

Defense Counsel:

Bernard E. LeSage
Sarah K. Andrus
Adam Bass
BUCHALTER NEMER

Thomas Wiegand
WINSTON & STRAWN, LLP

TCA Staff Tidbit: The Ameriquest mortgage class action lawsuit settlement is likely the first of many we'll see from mortgage lenders over the next few months. The Ameriquest mortgage class action alleged a number of different fees and charges were added on to mortgages. This class action is covering almost every Ameriquest mortgage out there since the end of 2001 (more than 700,000) so you may have a shot at a claim if your mortgage was originated by Ameriquest.

In addition to the cash benefits being paid out to class members, a new law has been enacted which will change the way mortgages are sold, making them clearer and easier to understand. Right up front you'll be able to see on your Good Faith Estimate how much you'll be able to save if you add extra points on your mortgage, take points off, add additional closing charges or choose to remove them. The rules took effect on January 1st, 2010, so home buyers should see them now. Back to the Ameriquest mortgage class action lawsuit settlement. If your mortgage was originated by Ameriquest, make sure to head over to the settlement administrator website and submit your claim now!This could mean THOUSANDS of dollars for you, so make sure to submit your claim in the Ameriquest mortgage class action lawsuit settlement now. 

Last Updated on Thursday, 27 December 2012 11:09

Comments   

 

#111 vince bales 2013-04-12 08:30

Still have not got check yet. What a joke

 

 

#110 Gilbert Dickerson 2013-04-10 14:55

We lost everything housing & money in 2004 and no body cares!

 

 

#109 Bowers 2013-03-19 11:28

Still have NOT received a check
and can't find how to contact anyone to get it
Why should we have to chase down what is ours!!!

 

 

#108 Robert J. Timbs 2013-03-14 14:17

ameriquest mortgage, What a bunch of thieves. My wife and i were ripped off in 2005 and lost our new home due to there fraudulant schemes.This is what happens when good people try to do the right thing and ameriquest keeps raising your payment each month. We found a lot lies in our contract with them. Sadly we found out after we signed the contract, now my credit has been ruined and we are both disabled and that sucks. Cant wait for these people to meet Saints Peter @ Paul

 

 

#107 Kathy Anderson 2012-02-23 01:06

Is this still going on and on and on?? I got a check for $25 way back when which I did not cash because what a joke...they ripped me off of more than $5000 and I need that money!! Jerks.

 

 

#106 Kimberly Marshall 2012-01-22 11:19

I had to tell my story, and the only way was to do it in several posts. I guess, they don't want to hear our drawn out sob stories. They don't have time maybe. But, I know how we were all treated unfairly and I hope others will take the initiative to get it out there. I would love to take time to listen to yours. I'm sorry for your loss just as if it were mine. God Bless. Kim

 

 

#105 Kimberly Marshall 2012-01-22 11:15

The stress I went thru was the worst of my life..I hoped that no one had to go thru what I went thru with this company.. but I found out after reading similar stories online that there were a miriad of different stories, varied in content. It made me sick to read them. It still hurts to this day to bear to think of what they did to me, and it's been 4 years now. I originated my loan at the end of 2003. God Bless everyone of you for having to cross paths and bear this company. Maybe someday the Lord will bless us all with some kind of redemption or a comparible.

 

 

#104 Kimberly Marshall 2012-01-22 11:14

I was going thru a divorce, I had cancer, shingles, and they knew all this and it didn't matter to them, it just made it easier for them to take advantage of me. Which is exactly what they did. I couldn't find a lawyer even in the yellow pages that advertised litigation for suing a Mortgage Company. They don't want to take on the big wigs by themselves as an individual and by the time they were willing it was too late. THERE WAS A CLASS ACTION, The company was dissolved.. you can't get blood out of a turnip.. they told me. I lost so many things, personal items, heirlooms, things that can't be replaced, home equity that they lied to me about went thru cruel, unbelievable treatment, they bulldozed over me and never looked back.

 

 

#103 Kimberly Marshall 2012-01-22 11:12

After reading the individual class cases, I fit into Class 1, because I had requested a rescission in writing of the loan because of the way they had changed my interest rate after I signed..and they knew I was looking for another lender. I still had to wait 6 mths to get someone else to re-finance. or a year.. can't remember exactly.. they foreclosed before I had time. I fit into Class II, the bait and switch, and Class four and Class Five. So I was more than qualified. They shunned me the whole way and did me absolutely as dirty as they possibly could. When I looked back on my loan papers.. some of the pagesweren't even filled out/in. Not disclosing everything to me, very inefficient documentation.

 

 

#102 Kimberly Marshall 2012-01-22 11:10

I lost my kids baby albums.. precious heirlooms.. but the weird thing is they didn't take any furniture in my house, only in my attic and garage.. and they kicked my garage door in. In the beginning, they sent me a check for 368.00 and asked me to decline the lawsuit, I refused and a lawyer online who heard my story, got me in. But when the summer of 2010 rolled around. all I got was a check for 72.00 and a letter telling me that was all I qualified for.

 

 

#101 Kimberly Marshall 2012-01-22 11:08

At this point there had been no eviction notice. Also, a number of expensive itemswere taken that were never returned, because by the time the supervisor had spoken to this guy, he couldn't lay access to my property, and many items were taken to the city dump. I went to the city dump and reclaimed valuable family photos, clothing, collectibles, toys of my daughters. But things like, jewelry, electronics, etc.. were no where to be found. I never got them back. even afterwards when they knew what was going on, and still no eviction notice, I would pack things up into boxes and leave my home a few hours and come back.. and they'd be gone. There was no stopping this company by this point. They got to where when I would call, they would avoid speaking to me. I couldn't leave my house to move things without them stealing something. This may seem odd to some of you, but it actually is the honest to God truth.

 

 

#100 Kimberly Marshall 2012-01-22 11:06

because the company was in California and no one knew as of yet what was really going on. After losing all this equity, including being treated criminally.. unfair business practices etc.. I noticed when I wasn't home things started disappearing from my house.. I called police and filed reports, I thought they were possibly local burglary cases. Then, my dad caught them in my driveway with a truckload of things, and when he asked them who they were, they claimed they were hired by Ameriquest but wouldn't give their names. They took off without my dad being able to catch them or get a tag number. After calling the mortgage company and complaining. and speaking to a girl named Jennifer and her supervisor.. they admitted that it was someone in the retention department that wasn't authorized to verbally carry this out and admitted that it was criminal.

 

 

#99 Kimberly Marshall 2012-01-22 11:04

I had contacted the insurance commissioner and the Attorney General in my state about their illegal practices. They promised me relief and payments to be back to what we had agreed on. But when the 6months were up they never let me go back to regular payments and made me do a re-modification and this mean't 2 payments up front and 6 mths of paying in theremod plan.But on the day I faxed it in they claimed that it was just a few minutes too late and so they were going to foreclose. I HAD PROOF IT WAS FAXED ON TIME! I didn't know at the time but this is when everybody around the globe was having the same problems. The next thing I know, after not being able to get a lawyer in my area to represent me.

 

 

#98 Kimberly Marshall 2012-01-22 11:02

I asked to have my equity and they assured me. I mean, all I was doing was transferring the loan out of my husbands name. I never looked, just thinking I had my equity.. then when I did I realized I owed over 95,000 to the company with no equity. They also informed me that my payment would be going up 200.00 dollars the next year. So I tried to hurry and re-finance, but the loan was so new, no one would touch it. They tried foreclosing on me when I couldn't pay the higher payments.. but I got it reversed and started a loan modification. where I paid 2 payments up front then paid 6 mthly installments and then was supposed to go back on my regular payments.

 

 

#97 Kimberly Marshall 2012-01-22 10:55

I had Washington Mutual for 10 years on my home loan. Bought my house for 89,500 (a steal) 2500 sq.ft, 4 br 2 b home. paid it down to 62,000 in 10 years. So i divorced and tried getting the loan in just my name but Washington Mutual no longer serviced my area.. HENCE. I found Ameriquest online. Big mistake! at the time, I wasn't working ( injured on the job Physical Therapist ) tHey were jumping at my feet to get my loan, which at the time, I thought was odd.. since I had no job and such an injury where there was no prospect of me returning to work anytime soon, It was so easy to get this loan.. and after I signed, they immediately told me they had made a mistake on my interest rate and it went up 3 points and I wasn't told until I had already signed the papers.

 

 

#96 Julie 2011-11-07 23:31

I did get a penny I wrrote more then 10 letters and never recieved a response so here the attorney got all the money and their staff they benefit from our pain

 

 

#95 Andrew Saunders 2010-11-01 23:15

Yes my wife & I received are check for the total sum of $52.10, we live in Ohio. After talking to a friend that's in the Mortgage business we found out that Argent Mortgage stole over $6,000.00 of our own money when we refinanced are home and cashed out on some equity. Feeling just a bit more then just slighted at this point. However, on a better note don't go cashing those Big checks right away, if you do I found out that you lose any and all rights when the checks are cashed, that meaning that you accept that amount as payment of the settlement.

 

 

#94 CarolynT 2010-10-29 21:05

I think ameriquest is connected to American Express. I am in Detroit and I so needed this money. God is going to get someone about this - it is so unfair. My son-in-law could not believe what he read in our ameriquest mortgage. How can they get away with this. I smell something that really stinks. Does anyone have a conscience anymore? What can we do? LORD HELP!!!

 

 

#93 KathyS 2010-10-26 22:47

The sad part is I was working with one of the Attornies on this case. I had been with them since 2005, I supplied them with all the information about my loans. So please tell me where in the hell are these lead plaintiffs at? I want to see the attornies they were working with and their names. Because I think we got taken by the attornies also. I sure as hell didn't get no 7,500 dollars for providing my information, staying in contact with the attorney. There is something fishy going on here!... So yes we need to do something. Nothing like being ripped off by the attornies and the courts also.

 

 

#92 KathyS 2010-10-26 22:42

I had two loans. I got a check for the first one. $48.34 cents. I called on the second one and they refused to tell me the amount. Said that since I filed over the internet, the check was sent to the property address ( which I have not owned for over 6 years.) We lost over 80,000 in so called fees we had to pay. Ameriquest refused to cash our house payments. Finally had to hire attorney to save the second house. So... big difference you loose $80,000 and get a check for 48.34... and then those idiots still changed my information i filed with ( the correct address ) and sent the other payment to the old property.. they said oh well. We need to go after them, they are crooks.

 

 

#91 Valerie Conger 2010-10-26 20:11

:'(. You have GOT to be kidding me! $48!! I get ripped off for $8,000 + and I get $48!!??!?!? And I thought getting only getting $1,000 still wasn't even fair!!!!! WTF?!

 

 

#90 Madelyn 2010-10-26 09:08

They changed my 30 year loan to a 40 year loan and they changed my fixed rate to an ARM without me ever knowing!! I found out when I applied for a loan modification... and all I get is $50!!! I wonder how much the Judge (Marvin E. Aspen) was paidoff for this fraud? How is this Justice? I'm in Cleveland, OH, anyone report to the Ohio news on this?

 

 

#89 Linda 2010-10-26 01:55

I received $189.99 last week. The loan was absorbed/bought /serviced by three of the companies listed in the lawsuit. While the amount seems low, and eventually I was approved for a Grade A loan by another lender, am in disbelief over all of this.

 

 

#88 Moe 2010-10-24 09:41

Just got my chk dated 10/15/10 and I live in Maryland. It's a whopping $48.34! I guess I should be grateful because I got fired 20 weeks ago and still no unemployment benefits. So much for doing what you're supposed to do as a working class citizen.

 

 

#87 Kathy 2010-10-22 13:47

We got a check for $48.34. I could not believe it! We were lucky because we did not lose our home but getting the loan was very costly so needless to say we did not make anything when we sold it. I have read everything on the mdl settlement page and according to that we should have gotten around 2900.00 they said it would be based on 60 months. So my thought is $48.34 X 60= $2900.40. but that is just wishfull thinking. they also stated that the settlement was like 695 million so if you divide that by :-[the 170,000 they said had filed claims that would be a lot more than 48.34 How come we keep getting the shaft, was hoping for the money to pay medical deductables since not cost of living increase for us seniors

 

 

#86 denise 2010-10-22 13:36

Is there anyone that lives in Wisconsin and we can comtact fox news 6 together. If so please give me a call (262)424-0388

 

 

#85 Josh 2010-10-22 04:11

So, my wife and I just received our $52 check! These folks sold me a fixed 30 year loan, that, in two years, miraculously turned into an ARM... This was our second house, planned on staying at least 10 years, and, now, are months away from foreclosure due to 50% our doing and 50% this damn payment sky rocketing! We were ripped off.

 

 

#84 Jewel 2010-10-21 17:41

I had to laugh my hubby and me split $24 dollars each today. Let us know the costs. As you know we are broke people here. Also the lawyers and plaintiffs should also be investiigated for tricking us all. Someone needs to copy all the documents in the website before they take them off. And not sure if i am the only one here, but i never got notice on the first lawsuit which seemed to have paid off a little more???

 

 

#83 Maria 2010-10-21 17:29

I'm in!! I will fight with you to the end!! Nothing more to lose... Ameriquest already took everything from me. You can have my checks and whatever else I can afford to go after these greedy unethical criminal bastards. Already sent an email to James W. Knight to let them know I support this effort to hold Ameriquest accountable for the crimes they committed against us!

 

 

#82 kamikazeReign FL 2010-10-21 16:24

1st of all; I'd like to say AWESOME JOB to everyone copying old & new info, being proactive in researching info that may help our case! Conference call tomorrow with Mr. Knight P.A. hopefully we will have some recourse in going after what is rightfully ours & will make enough noise that, this will never happen to others again! If all who are interested in pursuing this & willing to put their substantial (LOL) checks to hiring an attorney 'if we have a case' please give me a standing head count!? Also if you can please call or email James W Knight P.A. office tomorrow between now & 10 am tomorrow to show solidarity in our seriousness about this matter. 954 523-9900/ jimjwkjrlaw.com Will post right after call to let everyone know what was said!

 

 

#81 jewel 2010-10-21 15:33

Peoople are forgetting about the so called 87 plaintiffs who got over $7,000. Why did they trick us? They need to also just receive 50 bucks. They needed us to make their case and then we get peanuts. Who can help us??

 

 

#80 Maria 2010-10-21 10:09

I want to know if there's a list of people who received settlements from this lawsuit! I DON'T TRUST THIS COMPANY ONE BIT!! Seems to me that the number of people commenting on this site is pretty low... if there were 122,000 involved, wouldn't there be a lot more screaming and yelling going on? How many of us are commenting - like 100 at the most? The judge that reviewed and approved this settlement needs to be slapped! We were RIPPED OFF - laws were BROKEN, people lost their homes, families were destroyed... how is $50 going to in any way near compensate us for the HELL they put us through? My son got a bigger settlement from a former employer who didn't do anything close to what Ameriquest did to us! WHERE IS THE LIST OF WHO RECEIVED PAYOUTS FROM THESE RIPOFF ARTISTS?

 

 

#79 Maria 2010-10-21 10:08

I feel like a fricking fool!! First I got duped by Ameriquest - they did so many illegal things with my loan.... forgeries, illegal notarizations, overstating of income, removed my ex-husband from the title, etc., etc., etc.... what made me think that NOW they were going to do anything different... that NOW they were going to be aboveboard and legitimate? This company was run by a bunch of lying thieves... they saw a way to rip us off and get away with it and never looked back!! Now they found a way to legally avoid getting sued by at least 122,000 of the people they defauded... how much did this cost them... 22 million!! Do the math - If they ripped each of us off for $10,000 each (lowball), they got away with $1,220,000,000 (that's one billion, two hundred twenty million dollars). OK, so they had to pay out $22,000,000 - big deal, they still made off with $1,198,000,000! !!

 

 

#78 Rene; 2010-10-20 23:34

:'( I feel like we've been used to help the lawyers get rich. FIrst, I thought there were 700,000 claimants, but then I got my big check for 52.10 and it stated that there were only 170,000 claimants. I could almost bet there is definitely some deceit going on. I've been waiting 8 freaking months for $52.10..Had I known it, I would have not answered them and waited on the next lawsuit..This is definitely a bunch of mess, and where is the interest on the money. As I see it, we only helped the lawyers get fat wallets, because without our support, they wouldn't have gotten a damn dime. What jerks...I'm pissed...I agree with Trish, I will never ever get into another lawsuit..I was counting on that money, I thought justice was finally done to Ameriquest, whereas it wasn't.

 

 

#77 Trish 2010-10-20 14:49

If anyone does find out if there is anything that we can do about this (such as hire a personal attorney) please post. We had two loans & received two checks, one for $48 and the other for $52. The math adds up. It was settled at $22million, subtract $200,000 for the foreclosure fund, 33% (or $14,740,000) for attorney, then 170,000 of us @ $50 ($8,5000,000). I feel like a idiot. I will not be a part of a class action suit again.

 

 

#76 jade 2010-10-20 14:41

>: screw those people hope they all rott in hell. cant trust or believe none of them and the lawyers they get paid very well for what they do. they lie thats their job to do whatever it takes to win their case even lie \. Hope they all choke on that dirty money

 

 

#75 Madelyn 2010-10-20 12:48

PLEASE let me know what we can do !!! STEPPEDUPMOMYAHOO.COM

 

 

#74 Mariela 2010-10-20 07:12

:\ i cannot believe it. This is embarrassing. U NFAIR. UNEQUAL. & UNBELIEVEBALE. A check for $52.10. Lucky me! yey BULLSHIT

 

 

#73 denise 2010-10-19 23:15

This is shit a check for 52.10. When in the paper work it said that we would get at least 1000.00 where in the hell is it??? : They pay the lawyers very well and we all got f****ed... I do know that they had to get a warrent for all the files from Ameriquest / Argent.

 

 

#72 Kathy 2010-10-19 19:16

Well the only one left to help and I believe it was in one of his speeches before he got elected to be the President is President Obama. He should make some provisions to the ones in this suit. I believe I scrolled back and read something about that. Everyone start writing the White House. I believe that there is something we can do. Even though they say you can't. There is the supreme court. If there is not justice for this, then this world is going down hill fast. So sad. On the bright side Maybe President Obama will read this and do something. He should he is our President.

 

 

#71 lisa jamie 2010-10-19 18:57

:-* iam so mad the rich keep getting richer we need to do something we recived our check today trophyfever2hotmail.com get a hold of me when we can figure out what we can do the lady just kept on telling me something about we cant do any thing because of the final order what the heck lets all do something about this and then i have waste my cell min waiting for some boooch to tell me there is nothing i can do it is final iam so mad god please help us

 

 

#70 Tim 2010-10-19 18:57

And yes the news stations are picking this up. Our local station reported on this last night. Remember you can sue just about anyone for anything. But I have been in contact with an attorney, they are looking over everything right now and yes this can be a bait and switch also.

 

 

#69 Tim 2010-10-19 18:56

This is what you call the typical Bait and Switch. If you all remember there was another multi-state class lawsuit that was going on! You could claim a onetime payment of 500-700 dollars. Many people chose to stick with this claim because you were told the payment could be around 1,000 or more. In the mean time Mr. Roland Arnall, passed away while traveling! The founder of Ameriquest. Remember Ameriquest no longer exists. He sold the company and re-adjusted things. His wife inherited everything. We were all being set up! Yes even by the lead plaintiffs. And to think I was told I was a lead plaintiff and supplied all my paperwork and information to one of the Attorneys. They need to supply the names of these Lead Plaintiffs. If I recall in one of the court Docs it states they did, but I don’t see them on the website anyplace. I would be that the lead plaintiffs are friends of the attorneys. You can only assume this, because until they are produced, you can’t trust anyone anymore.

 

 

#68 Madelyn 2010-10-19 14:54

$52 check :'(

 

 

#67 Madelyn 2010-10-19 14:12

Dear Borg, any luck calling the stations?

 

 

#66 Me again 2010-10-19 13:52

guess the devil is really in the details :( EXCLUSION If you choose to exclude yourself from the Settlement, you must do so by February 22, 2010. You will not receive payments from the Settlement Fund. This is the only option that allows you to retain the claims you have against Ameriquest and to pursue your claims in another case at your own cost and expense. More information about excluding yourself from the Settlement is provided in section 8 below. 4. Plaintiffs’ Litigation Costs and Fees The Court will determine what fees to award to the attorneys who have brought these actions. Plaintiffs intend to apply for attorneys’ fees and costs in an amount not to exceed $7.33 million. The attorneys expect to show that they have expended more than that amount in time and costs on this litigation. The attorneys’ fees and costs awarded by the Court will be paid from the Settlement Fund.

 

 

#65 aj 2010-10-19 13:47

$52.00 got my check today what a joke

 

 

#64 Madelyn 2010-10-19 13:03

Now they are saying the average check is $50?!?! what happened to it being $1000 or more?

 

 

#63 jewel 2010-10-19 11:41

I called and am class 3 - $48. I think the lead plaintiffs used us all for them to win the $7000 each and for the laywers to win big. This is not right!!! But we have no rights now.

 

 

#62 THE BORG 2010-10-19 00:29

As I am writing this I m also on the phone with KRON 4,then KPIX,KGO, right on down the list. those Ameriquest clowns, will be able to hear us from their stinkin graves

 

 

#61 Ms Yola 2010-10-19 00:16

[:\What the hell is going on? We have received 2 checks. We had 3 different loans with Ameriquest for 2 different properties. My husband and I yesterday receive 2 checks so far for $143 each. Not sure how they calculated giving us the same amount for 2 different mortgage amounts????? We are very pissed too. There should be another check on the way. In my opinion, we all were used for ther class action suit to allow them to take thousands for themselves. Such frauds! Something is definitely wrong with our money received.

 

 

#60 Tim 2010-10-18 22:46

:-) Do notify your local news companies, go on TV tell your story. WIth National Attention, this will bring to light the situation. The more people that are aware of the situation the better the cause. They had a tax for people to buy houses, they need to have a tax for the people that got taken by these companies. The government is suppose to protect it's citizens, it failed so give all the people a 10,000 bonus on taxes for being a victim of these fraudulent companies. I know it sounds far fetched but my attorney told me this, trying to cheer me up! But he was serious about contacting your local news stations. It sure couldn't hurt.

 

 

#59 Tim 2010-10-18 22:35

:-D Hold onto all your paperwork. I had two loans with Ameriquest. They only paid on one of them. I filed two claims and the combined them. My attorney is looking over everything and from what he says they can not combine loans and only pay as one. So everyone do not throw your paperwork away. Save everything, the stuff they sent you in the mail. The form you filed online. From what My attorney said, and what he can see in how they handled my two loans, there is criminal activity going on. You can not combine loans. He is reading all the paperwork that they have put on their site, the court docs and all. So yes there might be happy days coming soon! And to all that had more than one loan, please pay special attention to what they have done on your loans.. Keep your paper work for evidence.

 

 

#58 Jewel60 2010-10-18 21:52

What about the lead plaintiffs who got 7000, Why are they special. They needed us all to sign up to make their case. Something is not right here. Why did we allow that dumb payment point system that you could make no heads or tail of. WE got ripped and punked...

 

 

#57 raul 2010-10-18 21:08

If anyone out there has an attornye for this matter plz contact me@ mr.mrsucyahoo.com there has to be a way to get our money that is rightfully ours we cannot these people act like they our working for our best intrest in tha meanwhile stabbing us in the back and making there wallets fat b.s.

 

 

#56 raul 2010-10-18 21:00

there must be something we can do how in the hell can they try to get away with this they are ripping us off just tha way ameriquest did im getting 52 dollars to wat a jok e these people got 23million dollars do tha math we must stand togeather and not let these crooks get away with this they can take there 52 dollars and stuff it up there a.. tha lord makes it clear about greed and about stealing he will take care of this to !

 

 

#55 Rene' 2010-10-18 20:47

I think this is just crazy, here it is we sit and wait for months just to hear that we may get up to 50.00..why in the heck did they put that darn calucator or the possible payouts. I think they used us to get more support for their pockets. I am mad as hell..and I am not going to just sit by and watch their pockets get full, while I will have to pay 5.00 in gas to go and cash the darn thing...:'(

 

 

#54 Tim 2010-10-18 17:30

Contact your local news. Take this to CNN or FOX if everyone accross the USA complains and the local news gets wind of this... the Attorneys getting millions the victims getting 0.04 cents - 60.00 what is wrong with this picture.. our local news station is jumping on this! so don't pout... call your local news stations now!

 

 

#53 tami 2010-10-18 13:02

:'( I can't believe that 50.00 thats all??? How many of us lost our homes everyone and just because we aren't privileged enough to have lawyers to fight for us.. This is sooo wrong. I think I'm going to be sick!

 

 

#52 Tam 2010-10-18 11:58

I also called today, and will only get $52.10, what the hell! People have waiting for months for this. Not happy at all.:'(

 

 

#51 Kathie 2010-10-18 11:34

Finally got through after holding FOREVER...Class 4...3,424 points...$52.10 coming in the mail! The year I almost lost my house, I paid $24,000 in interest!!! Then, I still lost it the following year. I'm sure this $52.10 will make me feel much better about the whole thing!

 

 

#50 Jeahara 2010-10-18 10:55

Well look at it this way! they won't be reporting 48.00 to the IRS... So at least you don't have to pay taxes on it. Some people only got a mere$0.04 cents. So be grateful for what you got I suppose. I do know there is talk about getting an attorney and sueing the attornies who got millions on our behalf. Funny it seems like everyone else gets justice except the ones that lost their homes and paid thousands to Americaquest. Any suggestions of what people want to do to rectify this horrible situation? Remember the founders of Ameriquest has passed away, but his wife inhereited all our money.......... that we paid to Ameriquest in a sense. Wonder if you can sue the spouse????

 

 

#49 Maria 2010-10-18 10:53

I lie awake at night hoping that this is all a nightmare that I'll wake up from some day but it just gets worse and worse. Why even play with our emotions like this and pretend that they're going to give us some monetary compensation for the pain and suffering they've caused us, when these little checks are just a tiny fraction of what they stole from us? They ripped me off for over $300,000 and now they're going to offer me $60 (if I'm lucky - I don't even want to call because I know I'll probably start crying and I can't afford to do that at work) as compensation? This is mind-boggling!!

 

 

#48 Maria 2010-10-18 10:53

I cannot tell you how disappointed I am. Ameriquest has literally destroyed hundreds of thousands of lives. Yes I understand that a house is only a material possession and at least I have my health (for now), but when you see your mortgage payment go up from $725 a month to over $3,000 a month and barely make enough money to cover the mortgage payment ONLY (I'm a single mom), how can you help but feel bitter and resentful that these people got away with stealing thousands of millions of dollars from us, and then not serve a day of jail time, probably on vacation in Barbados or something sipping tropical drinks on the beach while I'm working at Jack-in-the-Box at night dealing with drunks in the drive-thru and people soiling the restroom since THEY don't have to clean it up, and my office job during the day just to keep a roof over my kids' heads and food in their mouths?!!!

 

 

#47 RL 2010-10-18 10:48

This seems so unfair, when I bought my mobile home, the guy took me to my bank and put money in my account and took it out, then lied to me about the adjustablle rate mortage, and you are saying for all this fake stuff he did to get the loan to go through, my trouble is only worth $40.00. That sucks. Thanks for the update, its not even worth waiting for the mailman.

 

 

#46 Trish 2010-10-18 10:34

I finally got through...the previous post is correct...I will be receiving $48.34...not $1000s...

 

 

#45 Maria 2010-10-18 09:56

I was just on another website (http://www.webanswers.com/legal/when-are-checks-being-sent-out-for-ameriquest-mdl-settlement-for-2010-af1de2?page=16) where posters were saying they had received checks (mailed out on 10/15/10 - this is possible since it's been 3 days) or had called Rust Consulting and found out the amount of their settlements this morning. The amounts ranged from $30 to $60. You guys need to take down the misleading information at the top of this page that says each claimant is likely to receive at least $1,000.00. Really disappointed!!

 

 

#44 Trish 2010-10-18 09:11

Has anyonebeen able to get through to the number posted above? I have only gotten a recording.

 

 

#43 Jewel 2010-10-17 15:53

UPDATE - Friday, October 15, 2010 All settlement payments to class members who filed valid and timely claims mailed on October 15, 2010. Please allow up to two weeks for delivery. You may call 1-877-872-3812 for additional information beginning October 18th.

 

 

#42 Jewel 2010-10-15 22:12

Julie, where did you read or see about checks being distributed? We never got confirmation that we applied. I did mine online. This is going to be someting cause i know the lead plaintiffs are getting a nice chunk, That is not fair! Lets wait and see. If i get somthing i will keep you all updated.

 

 

#41 julie 2010-10-15 06:50

UPDATE - Wednesday, October 13, 2010 All settlement payments to class members who filed valid and timely claims will be mailed on October 15, 2010. Please allow up to two weeks for delivery. Please do not contact the Settlement Administrator or Class Counsel with questions regarding individual payment amounts until after October 15th when the check mailing process will be complete. After October 15th, you may call 1-877-872-3812 for additional information.

 

 

#40 julie 2010-10-15 06:45

i have heard of people getting a ck for 900. but theres alot of people as myself that hasnt received anything. i owned my home for 10 years and lost it beacause they thought i could afford a payment of 2800.00 a month. iwould love to know when were getting the money if we are at all.

 

 

#39 tami 2010-10-14 15:54

I totally agree with Katerina I will not sit back and be Quiet and nice either. Where has it gotten us, homeless! We had our home years and years before this bullshit liars loan and we lost everything we had. It isn't really too much to ask for justice its not as if only one or two families have suffered 1000's have.

 

 

#38 katerina 2010-10-13 16:21

Okay, I have been to so many different sites just reading. The facts are never an issue only speculation. We hope for justice and pray we get it. The fact is, there were 700,000 (POSSIBLE) claimants. In reality, there were less. On Cnn, just before the trial began, they reported 122,000 were included in the suite for this claim. Now if this is in fact true, exactly how many of those were valid claims? From past expirience I had a claim on a class action with Check and go. I expected a check for $20.00. Imagine my surprise when a check for $3200.00 arrived. I once had a class action with H & R Block and got a whole $1.50. If in deed we get mere crumbs and others still gained while we all lost our homes I will not be silent in no way! I will yell bull shit loud and clear and have counsel waiting to see what these nice people do for us! In reality a rip off scam weather it be bait and switch or ate up with legal fees is correctable with dilligence.

 

 

#37 Ruth Lawrence 2010-10-13 15:16

I have read all of the above comments and like you, I have gone out to other web sites to try and figure out whats going on. My question is, just because you received the notice that you were a part of this class action lwawsuit, does that make you qualify for at least one category. I was really disappointed to read $30 pay out and $10 admin. fee leaving you with a grand total of $20.00

 

 

#36 jany 2010-10-12 20:18

Has ANYONE received a check ?

 

 

#35 lisa 2010-10-12 17:54

what do we do if we dont receive a check?

 

 

#34 No name 2010-10-09 07:39

@Valerie, you can call Rust Consulting or email them jstinehartrustconsulting.com to find out the points. Ask for Jason Not sure if they will respond at this point. 800-999-7970. Good luck>:o

 

 

#33 Valerie Conger 2010-10-09 06:31

:-(. I think I may have put in the wrong accnt # on the papers they sent me. I don't want to miss payment. Is there anyone that can help?

 

 

#32 Jewel 2010-10-08 23:20

this was posted today but nothing else. I think we will get peanuts... UPDATE - Friday, October 08, 2010 The mailing of settlement payments to class members who filed valid and timely claims will be complete by October 15, 2010. Please allow up to two weeks for delivery. Please do not contact the Settlement Administrator or Class Counsel with questions regarding individual payment amounts until the check mailing process is complete.

 

 

#31 Jewel 2010-10-06 23:30

I never got anything in the mail or email. All i did was apply online on the website and screen printed all the information i typed in. Hopefully we are all in.

 

 

#30 bonita 2010-10-06 12:27

:-) does anyone know how to find out if someone loged in on website how would we find out if we are for sure in the lawsuite

 

 

#29 Jewel 2010-10-05 20:30

Thanks Rebecca, i also have checked other sites and was looking for a real one. Lets pray and hope we will all get something. Anything will help but we did lose much more than that. I also think the credit card companies need to be looked over and fined for years of abuse too.

 

 

#28 Rebecca 2010-10-05 18:50

;-)Well, at least you guys seem sane!! There is another web site where they are fighting over the amounts, and trying to figure points, and calling rust inc. on a daily basis!! They are crazy, probrably holding things up to? I agree, if they stated all should get atleast $1000, then I believe its the truth, people on the other site are talking about 18 cent and 20 dollar payouts, that would cause a riot, LOL. We need to be patient, by the end of Oct. we should all be happier!! We now have AHMI, much happier now. Good luck!!!

 

 

#27 Greg 2010-10-01 19:35

Jewel, I think you are right. I think the smallest amount you would get would be slightly over $1000.00 if involved in only one class but if you would be involved in multiple classes then the payment would go up for each class you were involved in. I think they should have put something out to let us know what class or classes we were involved in.

 

 

#26 Jewel 2010-10-01 13:22

I think the 87 named plaintiffs are not us in the general class members list?? I believe they were the l;eads plaintiffs who brought about this suit? Its a little confusing. But i did read there was 700,000. They will pay the lawyers over 7 million so there wont be so much left. I dont quite understand the formula either on the information site. And lastly they should not hold no one monies if they are due. Can someone figure this out??

 

 

#25 Greg 2010-09-30 21:03

This is copied from the final judgement and settlement..... 12. The Court has considered submissions concerning Service Payments for each of the Named Plaintiffs in the amount of $7,500 (plus interest accrued thereon from the date interest begins to accrue for the benefit of the Settlement Fund). The Court approves such awards to 87 Named Plaintiffs, based on a finding that such amounts represent an appropriate payment for service to the Settlement Classes.

 

 

#24 Greg 2010-09-30 20:59

Tim, supposedly they are paying out October 2010 but does that mean at the beginning or end of the month. The other thing that I read in the lawsuit said that there are 87 class plaintiffs who should receive 7500.00 judgements. I find it hard to believe only 87 of us responded.....h as to make you wonder.

 

 

#23 Tim S. 2010-09-29 14:52

Does anyone know when they are paying out on the law suit? Plz let me know if they have. Have'ent heard anything,no e-mails no calls and no letters.

 

 

#22 Greg 2010-09-28 20:19

It is a wonder that they do not publish a list of plantiffs. I submitted my claim on line and was hoping to get something in the mail at least notifying us that we are still part of the laswsuit. Not hearing anything makes you second guess yourself that you actually submitted on time or did it right.

 

 

#21 Keeping the faith 2010-09-23 04:51

:P Oct. is right around the corner!! We will see our money soon! Keep the faith, hopefully we will each get a minimum of $1000..The 2006 Ameriquest class action paid a min. of $750...If you are in more than one class, it will be more!! I know that many people deserve much more, but it's much better than nothing!

 

 

#20 Denise - Herman 2010-09-22 15:19

>:o we are still waiting for a check in the mail ha ha i no that it say,s Oct but we will see

 

 

#19 Carolyn 2010-09-22 14:48

I lost my home to foreclosure and sent a change of address. I hope this will still receive my share of the settlement.

 

 

#18 Tam 2010-09-14 19:10

If you go to www.ameriquestmdlsettlement.com it will give you update info>:o

 

 

#17 claudia aviles 2010-09-14 07:00

>:oplease any information for the check

 

 

#16 joy 2010-09-14 06:01

how do I know if you did receive my form and fax on time

 

 

#15 Joy 2010-09-14 06:00

How do I know if you did receive my form on time and/or my fax

 

 

#14 Hillbilly 2010-09-13 15:40

Where is the money already>?????

 

 

#13 donna 2010-09-07 17:42

>:o still waiting so frustrated over this matter

 

 

#12 Dawn Yocom 2010-08-28 06:02

Has anyone heard from anyone? No emails, letters, phone calls to even tell me what the hell is going on! Its like I dont exist. I submitted the claim form online way before the date needed and have not heard crap. SO ANGRY! For all the AHMSI customers...I think they ripped me off as well and there has to be a law that states they cannot charge a $16.95 fee for checks over the phone...Western Union doesnt charge that much-why are they? If anyone hears anything, please post and I will be eternally gratefull. Thanks!

 

 

#11 d chandler 2010-08-23 11:09

You can contact Rust Consulting as they are the administrators of this settlement but they say the same thing as the web site

 

 

#10 scammedor 2010-07-29 20:31

I got AHMSI too after citicorp sold it. AHMSI is no better. My value is down 60k according to zillow and AHMSI is so diffcult to work with, Im gonna stop paying and force them to let me short sale

 

 

#9 claudia aviles 2010-07-21 21:08

waiting for my quote

 

 

#8 claudia aviles 2010-07-21 21:03

please send information for my house , the company having fraude in 2004

 

 

#7 claudia aviles 2010-07-21 21:01

i need information

 

 

#6 kerrionsnena 2010-07-05 22:40

Per Site updated 7-1 : Update - Thursday, July 01, 2010 On June 29, 2010, the Court entered an order approving the settlement of the borrower class actions pending in the MDL. The earliest that the settlement can become final is August 6, 2010. In light of these developments, we expect that distributions to class members will be made no later than October, 2010. As events may occur that could change this estimate, please continue to review the website periodically for further updates.

 

 

#5 Paul 2010-07-01 21:29

Well I was one of the"lucky" ones that got AHMSI after ameriquest ripped me off. No amount can make up for having to deal with those clowns. I could go on for hours. Just hope I get something out of this.

 

 

#4 Buddy 2010-07-01 21:13

There is an update on the page about dist. being made before Oct 2010

 

 

#3 john 2010-06-28 10:42

as of today, its still a waiting game...you can go to ameriquestmdlse ttlement.com for info, but the same message is there about pending appeals, etc....if you call the info number, you basically get the same thing, the earliest payment will be made is summer of 2010, which means good luck getting anything before the end of the year, if ever...what a joke...Amerique st can rip people off and take their money instantly but we have to wait forever for a small fraction of what they took.

 

 

#2 Robert R Hand 2010-06-08 17:55

I still haven't heard from you since sighning up for this. Are youn taking our settlement or are we going to see it. I have not recieved any information From you since I registered in febuary . Like we don't exsist after you get our signtures. eather contact and let us know or be ready to be sued

 

 

#1 brucewhiteh 2010-06-07 07:46

i am waiting on my setllement from ameriquest mortgage; bruc e l white 6315 dellfern dr. houston texas 77035

 

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