“Bait & Switch Advertising is Illegal”

Mortgage and Lending with Mortgage Consultant, Right Trac Financial Group, Inc. NMLS # 2709 NMLS # 6869

   “Bait & Switch Advertising is Illegal”




Mr. Petrowsky,

You were highly recommended by a co-worker of mine. He shared with me that you handled their mortgage and couldn’t say enough good things.

I recently read an ad that said “You’re approved”. The reason that statement got my attention is that I would love to buy a home instead of paying rent, but my credit is pretty bad. Should I contact them anyway or can you help me?



Jason sent me a copy of the ad that he saw; sure enough advertising like this is harmful to the public. The specific regulation is known as the “Mortgage Acts & Practice Rule or Regulation N” This regulation prohibits anyone in the mortgage business to mislead the public with advertisements of any kind that make statements like “You’re Approved”.


When I sent Jason the regulation, he immediately understood that this advertisement is NOT Kosher.


I will work with Jason to get his credit to a place where he will be able to get qualified for a mortgage. It may take him a year but he will get there. At least he was wise enough not to respond to the advertising and sought the help of a friend.




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Joe Petrowsky, NMLS #6869

Right Trac Financial Group, Inc. NMLS #2709

110 Main St.

Manchester, Ct. 06042

Office: 860 647-7701 x116

Fax: 860 647-8940

Cell: 860 836-9294

Email: joe@righttracfg.com



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Joe Petrowsky does not guarantee nor is in any way responsible for the accuracy of the information provided herein, and provides said information without warranties of any kind, either expressed or implied.

Equal Housing Statement: We are pledged to the letter and spirit of U.S. policy for the achievement of equal housing opportunity throughout the Nation. We encourage and support an affirmative advertising and marketing program in which there are no barriers to obtaining housing becuase of race, color, religion, sex, handicap, familial status, or national origin.


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Wayne Martin
Wayne M Martin - Chicago, IL
Real Estate Broker

Good morning Joe. I wish these guys would be caught and put out of business. Enjoy your day! 

Jan 12, 2018 03:55 AM #1
Harry Norman, REALTORS® - Atlanta, GA
Associate Broker

Good morning Joe Petrowsky 

Thank you for sharing your information

Have a great day

Jan 12, 2018 04:51 AM #2
David A. Weaver
Peoples Bank & Trust Co. - Scottsdale, AZ
24 years helping folks finance their dreams.

Well done Joe, hopefully companies that break the rules at the beginning of the relationship go out of business when they can't produce a viable lending solution at the end.

Jan 12, 2018 09:06 AM #3
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Good morning Joe - perhaps someone has already reported this illegal advertisement.

Jan 12, 2018 10:17 AM #4
Hella Mitschke Rothwell
(831) 626-4000 - Honolulu, HI
Hawaii & California Real Estate Broker

Keep helping them, Joe, to get their credit where it should be and not answer to these bogus "bait and switch" ads. What do they hope to gain if the buyer can't be approved? Or it's such a standard phrase and they figure SOME percentage must qualify.

Jan 13, 2018 12:15 AM #5
Joe Pryor
The Virtual Real Estate Team - Oklahoma City, OK
REALTOR® - Oklahoma Investment Properties

I used to be in the retail electronics business and bait and switch was common.

Jan 13, 2018 03:00 PM #6
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