Real Estate Appraisal Forum

appraisersforum.com logo
The Premiere Online Community for Real Estate Appraisers!
 Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
 
 
Go Back   Appraisers Forum > Real Estate Appraisal Forums > General Appraisal Discussion
Register Help Our Rules Calendar Archives Mark Forums Read


Closed Thread
 
Thread Tools
  #1  
Old 07-27-2005, 05:59 PM
Otis Key's Avatar
Otis Key Otis Key is offline
 
Join Date: May 2004
Location: Mile High
State: New Mexico
Professional Status: Certified Residential Appraiser
Posts: 15,970
Default

StarTribune.com

Quote:
"Boiler Room" and "Glengarry Glen Ross," Hollywood movies about high-pressure and sometimes-unscrupulous salesmen, were shown at the office, Huston said. On some days his manager would declare a "power hour," during which Houston and a dozen or so salespeople were required to stand at their desks until they signed up a new client.

Ameriquest's sales tactics are the target of a wide-ranging probe by Minnesota Attorney General Mike Hatch and another dozen or so state attorneys general, according to people familiar with the investigation. Huston and homeowners interviewed by investigators say Hatch is looking at allegations that Ameriquest falsified the income of loan applicants, used inflated appraisals to overstate the value of homes and changed loan terms before closing.

Quote:
"Ameriquest Mortgage Co. continues to be engaged in discussions with a number of state attorneys general and regulators about the company's business practices," the statement said. "We are focused on resolving the issues under discussion with these agencies and hope to reach a reasonable resolution that is fair to our customers and fair to the company."

Sponsored Links

  #2  
Old 07-27-2005, 06:04 PM
TEL2002's Avatar
TEL2002 TEL2002 is online now
 
Join Date: Jan 2002
Location: Louisiana
State: Louisiana
Professional Status: Retired Appraiser
Posts: 8,149
Default

Quote:
hope to reach a reasonable resolution that is fair to our customers and fair to the company."


Could the answer be honesty and ethical business practices.

Nahhhh! That is way to simple, and does not line the pockets of shysters.
  #3  
Old 07-27-2005, 08:18 PM
Dee Dee's Avatar
Dee Dee Dee Dee is offline
 
Join Date: Jan 2002
Location: Colorado
State: Colorado
Professional Status: Certified Residential Appraiser
Posts: 6,587
Default

Awww crap.

I thought I was going to read a story about George Hatch kicking Ameriquest's butt. :lol:
__________________
The only difference between a rut and a grave is how deep your rut is.
  #4  
Old 07-27-2005, 08:31 PM
J in Florida's Avatar
J in Florida J in Florida is offline
 
Join Date: Jan 2002
Location: Central Florida (outside Hopland)
State: Florida
Professional Status: Certified Residential Appraiser
Posts: 1,951
Default

I suppose their newly hired spokesperson, Baghdad Bob, will start squawking about how much dough they give to charities, special causes blah blah blah.

Is it surprising they gave a ton of money they stole ahhh eerrrr earned from their victims uhhh eeeemm customers to Bush and the Governator?
  #5  
Old 07-27-2005, 08:35 PM
George Hatch's Avatar
George Hatch George Hatch is offline
 
Join Date: Jan 2002
Location: Carlsbad, California
State: California
Professional Status: Certified General Appraiser
Posts: 15,639
Default

Kick butt? Me? Hardly. About the best I could muster would be an extremely high pitched and annoying whine.
  #6  
Old 07-27-2005, 08:41 PM
tedwinter's Avatar
tedwinter tedwinter is offline
 
Join Date: Jun 2004
Location: Cockeysville, Maryland

Posts: 151
Default

Quote:
Originally posted by J in Florida@Jul 27 2005, 08:31 PM
Is it surprising they gave a ton of money they stole ahhh eerrrr earned from their victims uhhh eeeemm customers to Bush and the Governator?
What do their political associations have to do with the allegations?
  #7  
Old 07-27-2005, 08:54 PM
Nancy Wyatt's Avatar
Nancy Wyatt Nancy Wyatt is offline
 
Join Date: Nov 2003
Location: Frederick, CO
State: Colorado
Professional Status: Certified Residential Appraiser
Posts: 2,632
Default

Quote:
Kick butt? Me? Hardly. About the best I could muster would be an extremely high pitched and annoying whine.

:rainfro: :rofl:
  #8  
Old 07-27-2005, 08:56 PM
Karl Karl is offline
 
Join Date: Jan 2002
Location: Arizona City AZ
State: Arizona
Professional Status: Licensed Appraiser
Posts: 7,602
Default

& if Hillery was President & Boxer was your Governor they'd have given them the money.
  #9  
Old 07-28-2005, 07:11 AM
Dee Dee's Avatar
Dee Dee Dee Dee is offline
 
Join Date: Jan 2002
Location: Colorado
State: Colorado
Professional Status: Certified Residential Appraiser
Posts: 6,587
Default

Probably....but that doesn't make it right.
__________________
The only difference between a rut and a grave is how deep your rut is.
  #10  
Old 07-28-2005, 11:19 AM
Steve Owen's Avatar
Steve Owen Steve Owen is offline
 
Join Date: Jan 2002
Location: Joplin, Missouri
State: Missouri
Professional Status: Certified General Appraiser
Posts: 5,409
Default

Quote:
Ameriquest got its start as a California savings and loan. Today, it is...
...on its way to repeating the S&L debacle of the late 1980's. :rofl: :cry:
__________________
...one useless man is a shame, two is a law firm and three or more is a congress. - John Adams
Sponsored Links

Closed Thread


Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Forum Jump




Copyright © 2000-, AppraisersForum.com, All Rights Reserved
     Terms of Use  Privacy Policy
AppraisersForum.com is proudly hosted by the folks at AppraiserSites.com

Fastest Way to Find a Real Estate Appraiser Enter Zip Code:
Partner Sites:
AppraiserUSA.com - National Appraiser Directory AllDomainsUSA.com - Domain Name Registration
DeadbeatListings.com - Deadbeat ListingsAppraiserSites.com - Web Hosting for the Professional Real Estate Appraiser
Find FHA Appraisers - FHA Appraiser Search Commercial Appraisers - Commercial Appraiser Search
Relocation Appraisal - Find Relocation Appraisers Domain Reseller - Business Opportunity
Home Security Buzz - Home Security Info Radon Testing - Radon Gas Info
My Medicare Forum - Medicare Info Stop Smoking Help - Help Quitting Smoking
CordlessPhoneStore.com - Great Cordless Phones AndroidTabletCity.com - Android Tablet Computers

Follow AppraisersForum.com:          Find us on Facebook            Follow us on Twitter


All times are GMT -5. The time now is 11:19 AM.

SiteMap: 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35, 36, 37, 38, 39, 40, 41, 42, 43, 44, 45, 46, 47, 48, 49, 50, 51, 52, 53, 54, 55, 56, 57, 58, 59, 60, 61, 62, 63, 64, 65, 66, 67, 68, 69, 70, 71, 72, 73, 74, 75, 76, 77, 78, 79, 80, 81, 82, 83, 84, 85, 86, 87, 88, 89, 90, 91, 92, 93