The Mortgage Protection sleaze

Back in August 2015, I wrote a blog post about the sleazy auto-warranty companies mailing me trying to get me to sign up after I’d bought out the lease on my wife’s car. It’s turned into one of the more popular posts on this site, so, without further ado: it’s time for another sleaze!

A couple of weeks ago, I closed on a new house for us: bigger plot and house, with a garage for a third car (hello, 64SAINT!), and air conditioning. We’re certainly happy about it and are going to be moving in a couple of weeks after a few tweaks have been done to this and that. Anyway, this post isn’t about that, but about a certain class of sleazy companies that have crawled out of the woodwork mailing me to try and get me to get their particular brand of … Mortgage Protection!

I received two of these today (making about 5 so far). The first:

Mortgage Protection sleaze

Yes, take a good look at that scan. It’s in three parts: the return envelope, the setup, and the form to be filled in. Notice in particular that the way it’s printed seems to indicate that it’s from Wells Fargo, the bank that provided the mortgage for me. There is no other company name at all (unless it’s Mortgage Protection or some such), no bit of text in 6pt warning me that they are not affiliated with Wells Fargo (and the reverse sides of these pieces are blank). They’ve merely scraped this info from some public repository, and sent me this exhortation to PROTECT my MORTGAGE. Talk about a protection racket.

Of course, the best way of doing this is to get a life insurance policy that covers the mortgage amount, which is what I’ve done for many a year. Plenty of reputable insurance companies around, and the premiums are lower because it’s a competitive market.

(For grins, I googled the return address “PO BOX 1737 OWASSO OK” and ended up at the BBB page for this “company” complete with a rating of F.)

Next up:

Mortgage Protection sleaze

This one is slightly less sleazy: they at least say that they are not affiliated with any lender. But the rest of it? Ewww. Dripping with sleaze again. (I’ll note that the return address “PO BOX 612265 DALLAS TX” has also been associated with a “Funeral Advantage Program for Seniors” or some such, and a BBB rating of F again.)

Needless to say, I shall be posting both return envelopes empty. They’ll at least have to pay the postage…

Album cover for Protection Now playing:
Massive Attack - Protection
(from Protection)


 

MortgageProtection - banner

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10 Responses

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#1 Raymond Faddley said...
02-Mar-18 9:52 PM

The owners of these companies are either a holes who grew up fvking their wh0re mothers or b1ttches who grew up getting fvked by their dads. These m0therfking aholes and fatherfvking wh00res need to be exposed.

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#2 Dennis said...
28-Nov-18 1:12 PM

They're still at it. Do you still get this mail?

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#3 Jane Doe said...
30-Jan-20 5:11 AM

They're still at it in 2020. Got FOUR different junk mail ads wanting me to sign up for PMI (I think) because we recently refinanced a home equity line of credit. One was National Processing Center, with a PO box address in Dallas. They very Kindly sent TWO prepaid return address envelopes (heh heh). After I show all the junk to my bank, the voided out/personal data removed paperwork will go into those two envelopes.... ;-) A second one, just a postcard with a toll free phone # to call and only "H.W.C." in fine print at the bottom got reported to the US Postal Inspectors as mail fraud, after I discovered several banks and credit unions had posted images of similar cards (different phone numbers, but the same pre-paid Daytona Beach Permit number). The third? Actually had a real company name. Called them and said if I ever got another piece of mail from them again I'd report them to the TX Attorney-General's consumer affairs people (guy I talked to said he would remove our name and address, but couldn't/wouldn't tell me where the data came from. A fourth place, "Mortage Protection Insurance" (with a CA PO Box number) was addressed to my husband (the other three came to me. Haven't had time to trace/report THEM yet. This was in addition to a "death benefits" scam letter that got traced back to a telemarketer (apparently in cahoots with a data mining business sharing a building with an insurance company) got reported to the NC Attorney General (I believe the phrase I used was "these businesses appear to be in collusion..."). Think that one of the businesses in that case was ALSO calling itself "National Processing Center". They picked the wrong girl to mess with. Because I'll mess with them right back. And I get nasty. And you know, getting on the sh*t list of a state's AG is NOT something a smart company wants to do.... Learned that from my mother years ago. She'd be so proud! ;-)

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#4 One of many said...
28-Apr-20 12:19 PM

I see that a youngster posted comments concerning the parents of those responsible for the insurance scams. There can be no honest method by which this "writer" can know any thing about the scammers. Why would he degenerate the parents over something the "offspring" has/have done? In only rare instances are the parents responsible for the acts and actions of their offspring. How would this individual feel if others found something horribly wrong in his background and then laid the blame upon his parents?

Make no mistake, I am highly offended by scammers, especially those who target the elderly. One way to strike back, if only minutely, take all of the garbage the spew out and mail it back to the, shredded. And of course, on the outside of the prepaid envelope provided, write, HIGHLY QUESTIONABLE BUSINESS PRACTICES. Add FINAL NOTICE as a kicker.

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#5 Christopher said...
15-Jun-20 9:00 AM

Our title company warned us about these. We have received multiples from the same sleazy operations. What's ridiculous is that they don't even do their homework, thus sending several to my WIFE, and she's not even on the loan due to her having no financial history in the US yet. In fact, I would say MOST of these have come to her, not me. I'm the sole person on the lending note. Stupid idiots. I make a practice of at least sending their own mailing, minus our personal info, back to them in their business reply envelope. I recently started including some of my recycling: booklets of expired coupons, other people's junk mail, etc. Hey, let's see how they like it.

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#6 Shanen said...
26-Oct-20 7:44 AM

Thank you for sharing this blog to bring awareness!

We have had the exact same letters. And I didn't realize that this spam has been going on for a LONG time. Even ABC news has covered this same scammer where people sent in mail that dated back to 2015. Link below to 2018 news report:

https://www.kcrg.com/content/news/I9-Disguised-mail--486576721.html

We've received hundreds of these letters in all different formats and colors but with the exact same 'urgent' message of their mortgage insurance deal. On other letters they ask you to sign in on their website www.oursecurefamily.com.

They even have the cheek to fraudulently use the exact same name as our current lender.

They're a disease to our country, they've hit Illinois, Iowa and so many others I'm sure and now our state South Carolina. This company needs to be brought to justice!

Today I sent ABC an email to report the same scamming letters we're getting sent to see if they can further investigate. Please guys send an email into i9@kcrg.com telling them your situation too, the more people that bring awareness of these scammers the better.

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#7 Steve said...
09-Nov-20 5:44 PM

Thank you for spreading the word. I hate them. I actually hate these scumbags. I consider myself a Christian, but I believe even Jesus himself would be tested. These people are criminals.

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#8 Bill said...
05-Jan-21 7:44 PM

Thanks for spreading the word! I like the idea of sending them a little treat using their own envelopes..... my mastiff says hi 😉

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#9 Another pissed off victim said...
13-Feb-23 7:10 AM

Keep in mind that when mailing back the prepaid return envelope, return postage costs increase dramatically when the envelope is taped to a brick.

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#10 KB said...
19-Apr-23 11:45 AM

They are still at in 2023 - Rocket mortgage misprocessed a loan address(I think) information landing on my property and I'm getting these post cards daily. All are referencing the Rocket Mortgage taken out by someone else (according to Rocket Mortgage).

Absolutely - bottom of the barrel organization to deal with.

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