Scare Tactics of some mortgage bankers and Brokers re adjustable Rate refis!

Real Estate Agent with Appleseed Homes

 I have been very upset at some of notices I have been getting from some lenders  and funding companies! I myself have an adjustable rate mortgage. They sent me notices in Pink , telling me I better hurryand call them. One statement even looked liked  my W2 or 1099 form . At first I thought it was from the IRS or the goverment. Thats what they want u to think. Any way I knew better . Unfortuantely most consumers may not realize this. I called the Dept of state,who said to send them the form.Sure enough they called to say they were sending a CEASE and Desist letter to the company. I urge all to be careful and only use reputable bankers or brokers if u r at all unsure. Be sure to check it out!  Hope this Helps!

Comments (6)

Justin Williams
Independent - Virginia Beach, VA
Loan Officer

Ilyse - Yes I seen alot of the Hidden Scare Tatic letters out there that try to trick you thinking they are your current company or just plain scaring you.  I seen some letters from other Domain providers trying to trick me thinking its my current domain provider by renewing with them.  You did the right move in sending in the letter hopefully we can all contribute in putting a stop to these tatics.

By the way Welcome to Activerain and Congrats on your 1st Blog Post :) :) :) 

Mar 28, 2008 11:30 AM
Bill Kennedy
Keller Williams Greenville Upstate - Greenville, SC
Homes For Sale Greenville SC

First, Welcome!!!!!!!!!!!!!!

Second, yes they are VERY annoying.  I can't stand the junk that comes.  They are good at marketing - even enough to get your heartbeat racing at times.

Shredders are a great thing!

Mar 28, 2008 03:04 PM
Benjamin Clark
Homebuyer Representation, Inc. - Salt Lake City, UT
Buyer's Agent - Certified Negotiation Expert

Welcome to Active Rain! For some tips on how to get started here, check out my blog entry at ActiveRain Fast-Start Tips for Quick and Easy Points

Happy blogging and good luck!

Mar 28, 2008 05:12 PM
Keith Elliott Jr
KEIRE Realty Group - Manassas, VA
Principal Broker/Owner

Hello Ilyse,

Welcome to Active Rain and congrats on your first post! The opportunities to learn and network are incredible here. Best of luck to ya!


Mar 28, 2008 05:39 PM

Ilyse - Welcome to the Rain, make sure that you browse the site and become familiar with everything this site has to offer.  The more you browse the more you will learn.  I have found this site to be really helpful to me.  If you have any questions, please don't hesitate to email me, I will do whatever I can to help.

Mar 28, 2008 11:28 PM
Rick Sergison
EXP Realty of Canada Inc., Brokerage - Pickering, ON
Durham Region Real Estate Blog

I just stopped by to welcome you to Active Rain. I hope that you find it a great benefit to your business and that you see the value that I have also found here. I am from Charlottesville Virginia and using Active Rain has really increased my business!

My main blog on Active Rain is here: Charlottesville Real Estate Blog, not the link at the bottom of this post.

I hope you will look into the many groups as there are some great group both local and broad based,....


Mar 30, 2008 12:43 PM