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$8.3 Million Settlement In Ameriquest Case
Customers Eligible For Mortgage Refunds From Settlement
POSTED: 4:43 pm MDT July 12,
2007
UPDATED: 5:15 pm MDT July 12,
2007
DENVER -- More than 5,700 Front Range homeowners will be getting money back from their mortgage company. Ameriquest is turning over $325 million to homeowners across the country, part of a settlement in 49 states.Ameriquest specialized in mortgages to customers with risky credit. It was accused of overcharging and misleading customers, inflating appraisals to put them deeper in debt and making loans. Colorado's share of the settlement is a little more than $8 million.How do you know if you're eligible for the refund?
The state attorney general's office will be sending out claim forms to Ameriquest customers who are eligible for the refunds.
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Copyright 2007 by TheDenverChannel.com. The Associated Press contributed to this report. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.
