OK, this got me mad. We received this notice at my house last night in the mail. Here's what was visible through the envelope windows:
Notice the "HUD Lender ID" with the imposing "PA reference number" below it, and especically the "FIRST NOTICE" prominent in the top right. Since we had just refinanced, I immediately thought this was some notice related to the new or old loan.
Upon opening the "notice", here's what I saw:
Ok, my eye had gone to all the places this mortgage ad designer had wanted them to go to:
- PA reference number
- "FIRST NOTICE"
- "You have not responded"
Now that it was obvious to me that this was just another mortgage solicitation, I became pretty upset at the underhanded tactics employed by this broker. You can't tell me that this isn't specifically designed to scare elderly and young people into calling to "see if everything is OK" just to be pitched by some salesperson on a refinance.
I did some web research on this outfit and found some truly nasty comments, even from mortgage officers advising others not to work there. Here's an example; http://www.mortgagegrapevine.com/thread/?thread=560771. Also, a promintent article at Philly.com about a "stimulus act" mailer "scam": http://www.philly.com/philly/business/20090307_Stimulus_gives_rise_to_consumer_scams.html. In one article the reporter says that the CEO of this company denied any wrongdoing in reference to another misleading mailer - did we expect otherwise? Maybe he should talk to his ad staff.
This company should be ashamed of itself and in my opinion they are part of the crisis in confidence in the real estate industry right now. Intercontinental Capital Group of 55 East 59th Street 4th Floor, New York NY 10022. Stay AWAY from these people just because of decency's sake.