Posted by Jonathan J. Miller -Monday, March 12, 2012, 8:38 AM
Got this solicitation in the mail last week. I’d name names but letter doesn’t provide any.
They had our mortgage amount and the bank name that originally issued the mortgage (it’s long since been sold). The letter uses phrases that are close enough to actual to be confused for legitimate.
Housing and Economic Recovery Act of 2012? Try 2011. HARP, Foreclosure, “Failure to Respond”, restructuring, “Loan modification department”, 7% rate?
Out of curiosity, we called and they wanted us to mail our personal financial information to determine if we qualify.
Can you imagine the damage pariahs like this will do to people in desperate financial straits?