Real Estate Postcard Scam

Some companies are sending supposedly urgent postcards that appear to come from a lender, when in fact, they are trying to sell its own products.  Below is an example of what they may look like:

Real Estate Postcard Example

How the Scam Works

  • The company pulls real estate information found in public records.
  • It mails a postcard to people with an urgent message to contact them directly.  It states that they recently closed on a real estate loan with their lender.
  • If people call the number listed in the postcard, the company tries to sell various insurance products.

Important Things of Note

If you get this postcard with WEPCO’s name on it, keep the following things in mind:

  • WEPCO does NOT send these postcards.  Instead, WEPCO’s name is used to convince you that the postcard is legitimate, even though it’s not.
  • WEPCO does NOT endorse these products.
  • WEPCO does NOT share your information with these companies.

You can find small print confirming this information:

“All loan information is obtained from public records.  Not affiliated with, endorsed by, and information not provided by WEPCO FEDERAL CREDIT UNION or any government agency or lending institution.  For additional assistance please contact MP Service Center at (888) 778-5764.  This is a solicitation for insurance and you may be contacted by a local insurance agency.”

Protecting Yourself

  • Avoid calling the phone numbers listed on the postcard.
  • Refuse to share any personal information, account numbers, or financial details.
  • Dispose of the postcard as junk mail.
  • If you have questions about your real estate loan, call the lender directly at their official number.

For more information, please watch the following video: