You will soon feel quite popular if you’ve just bought a home or at least your mail box will be with tons of junk mail. Over the weekend I received an email from one of my clients who closed on their new home last month:
"As I’m sure is typical, we’re being deluged with mortgage junk mail. I see you have several highlights of particularly bad ones you’ve seen, but is there any way to stop the flood? I know there’s a marker you can put on your credit report that stops credit card offers – is there anything similar for mortgages?"
In a nutshell, your Deed and Deed of Trust are recorded at the county which become "public record". There are companies that research, buy and resale this information to those wanting to reach out to new homeowners. You’re more popular than you’ve ever wanted to be…it’s the welcome wagon of junk mail. What’s worse is that some companies will present the information as if they are a part of or teamed up with your lender.
Please check back with your original lender before taking up some of these offers to verify if they are indeed from your mortgage company–the trickery they will resort is amazing and sickening.
Here’s a great article that I read another local blog, A Generous People regarding getting rid of junk mail. I hope it helps! In the meantime, I recommend opening your mail over your recycle bin.