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Misleading Subprime Advertising

Started by Karoli · 1 year ago

This is a very official looking document we received in February, offering us the opportunity to refinance our mortgage and pull out nearly 300,000. Be sure you click on the thumbnail and look at the larger version. It gives official-looking legal citations, numbering, and even a government-looking seal on it.

I’m sure we […]
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4 comments

  • kandee

    1 year ago

    Wow! That's awful. I'm in Canadaland. We've seen some who want to bring those same banking practices here but now we have a huge example of what can go wrong. Thanks for the post.
    reply
  • Karoli

    1 year ago

    kandee, you're welcome. shout as loud as you can for something like this NOT to be implemented. It's horrible.
    reply
  • Amy Alkon

    1 year ago

    Thanks so much for posting on this. My landlord got one of these, and I got it at my house, and I was about to waste a stamp mailing it to her.
    reply
  • joe

    1 year ago

    I just got the same notice this week. I checked it out looking for HUD Section 204(a) and did not see anything with respect to reducing loans or guaranteed loans... Then I found this same blog, am I glad to find it. Companies like these should have their CEOs imprisoned for a very long time. To purposedly scam people even after the housing/crediting crisis is terrible. We need these people locked up for a very long time.
    reply

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