Consumer Blog

AG Nixon's consumer alert today warns that a lot of consumers with mortgages are getting offers in the mail that look like they're from the bank or lender that holds your mortgage. But they're not - they're from a third party, addressed to you and mentioning the name of your lender in big letters.

The point is, these companies are trying to play on the trust you may have with your lender, to get you to think this is an important service you need. They mailings are offering either mortgage insurance or refinancing. Just know that these are from somebody else, and file a complaint with us if you see something deceptive or fraudulent.

BTW, these remind me of those car extended warranty offers. Some company goes through public records, finds that you've made a major purchase, and sends you mailings that look like they're from the company you're already in business with. You may know that AG Nixon sued several of these extended warranty companies recently.