Thursday, March 24, 2011

The latest SCAM to rob the assets of the Middle Class is coming from "Embrace Home Loans."

I today received a "Bill Consolidation Loan Acceptance" through the USA mail service.

According to this OFFERING, I am APPROVED for a totla of $271,050.00 in loans at a rage of 4.75%* (5,28=9% APR).

Yes that is an astrick next to the loan rate and I cannot find any other astrick in the Loan Acceptance Notification that explains why an astrick would be there.

But, the kicker is this, the home I live in falls short in the value of the loan by $110,000.

When is this mess going to stop victimizing the unwitting people that are all flattered by the offer and desperate to 'get through.' 

This OFFER I was approved for was not solicited and it should never have come to my mailbox.

This is outrageous and victimizing to anyone that receives it. 

The ad to the Website features a couple from WISCONSIN.  Why?  Because Wisconsin is suppose to be a 'hot topic' for the Right Wing and it is there to build confidence in a state such as NC where conservativism frequently is the 'status quo.' 

Someone needs to stop this!  We'll never have economic stability in this country if this continues and homes are foreclosed rather than building value.

Immoral.  Unethical and I am dearly hoping ILLEGAL.

Another thing.  My mother received a tax bill for the first time she has ever owned her home.  She has a modest mortgage and still pays her taxes through that mortgage.  Evidently, Bank of America bundled her mortgage with others and sold it to some other company and that other company screwed up the tax payments to the local municipality.

WHEN  IS  THIS  GOING   TO   STOP ?!?!?!?!?!?