Beware of Mail and Phone Mortgage Sales Pitches

Behavioral economist Dan Ariely explains the phenomenon this way: “If you think about it, people are quite trusting.”

There are “wonderful things about this trust,” the Duke University professor said Thursday. But as recent history shows, the human tendency to believe isn’t necessarily a plus when it comes to mortgages or real estate.

This, dear readers, is a plea for more wariness.

Anything arriving in your mailbox concerning real estate or home loans should be viewed with great skepticism, say those dealing with the fallout of the real estate crisis. Ditto for phone solicitations.

Read more: http://www.sacbee.com/2010/05/28/2782721/home-front-beware-phone-mail-pitches.html#ixzz0pEp9BpMT

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