The South Coast Real Estate Round-Up

HUD May Owe You a Refund

October 31st, 2014 12:31 PM by Christopher Terry

Good News! Just in Time for the Holidays! HUD May Owe You a REFUND!

If you took an FHA mortgage after September 1, 1983, paid an upfront funding fee and did not default on your loan you maybe eligible for a refund of a portion of the insurance premium you paid! 

So dig out those long forgotten settlement papers to see if you paid an upfront funding fee! 

Or you may be eligible to receive a share of excess earnings from the mutual insurance fund if you originated your loan before September 1, 1983, paid on your loan for more than 7 years and had your FHA insurance terminated before November 5, 1990.

Naturally there are exceptions. So I've provided a couple of links so you can do a little research on if and how to go about getting your possible refund.

FHA Homeowners Fact Sheet

Does HUD Own You a Refund?

Right Now FHA is sitting on nearly Half a Billion dollars in unpaid refunds! 

If you know anyone who may have taken an FHA mortgage forward this post to them. They could be eligible for a refund just in time for the Holidays!

Christopher Terry is a licensed real estate broker in Ma and RI, has completed the Accredited Buyer Representative Certification, is a graduate of the Certified Distressed Property Institute, holds the prestigious CDPE designation, is a 4-Time winner of the Master Sales Society's 5/50 Award and is the founder of EZ Home Search Real Estate Inc.
Posted by Christopher Terry on October 31st, 2014 12:31 PM

Archives:

My Favorite Blogs:

Sites That Link to This Blog:


English French German Portuguese Spanish