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velecico
3935 Posts |
 Posted - 08/27/2008 : 3:44:54 PM
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Anyone doing or know how to set up a company to locate past FHA clients that may be due a refund of upfront MIP ?
Could be a nice source of extra revenue |
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habsfan
578 Posts |
Posted - 08/27/2008 : 5:50:17 PM
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they can look right on HUD's website for free to see if they are due one.
you'd need the borrowers last name or case number to see.
i guess you can search recorders offices or title companies for FHA mortgages and go from there. no clue on what a good sucess rate would be, but if you can get anything, go for it.
my cousin got a letter from such a company telling him he is due a refund of ~ $800 and would charge 15% to "process the paperwork" to get his refund. needless to say, i gave him HUD's number to claim it for free.
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velecico
3935 Posts |
Posted - 08/27/2008 : 6:51:16 PM
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| I thought you need to fill out the form and send it back to HUD along with the mortgage satisfaction to get the refund , I never saw that info ( that you are due a refund ) on the HUD website |
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MisterVA
6570 Posts |
Posted - 08/27/2008 : 6:55:50 PM
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| It drives me nuts when people charge others for 'free stuff'. |
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velecico
3935 Posts |
Posted - 08/27/2008 : 7:08:00 PM
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Do you drink bottled water ?
Had liposuction ?
Gone to a suntan booth ?
The list can go on and on , you can get all the above for free , water , a slimmer body , a tan , ETC ETC |
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d_damiano
548 Posts |
Posted - 08/28/2008 : 12:09:43 AM
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quote:
Originally posted by MisterVA
It drives me nuts when people charge others for 'free stuff'.
umm like Loan Mod? Credit Repair? and if we believe the bankers.. mortgage brokers? |
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Scrooge McDuck
8753 Posts |
Posted - 08/28/2008 : 06:47:01 AM
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i have a family friend that made hundreds of million in the field of "lost and found property."
he developed a buisness in the 80s and killed it. he approached companies like western union who had millions and millions in undelivered funds. pepsi with uncollected prizes. and even found real estate in manhattan. he made crazy cash in this business, usually charging 8% to both sides of the transaction for making the link. |
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velecico
3935 Posts |
Posted - 08/28/2008 : 11:42:19 AM
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quote:
Originally posted by Scrooge McDuck
i have a family friend that made hundreds of million in the field of "lost and found property."
he developed a buisness in the 80s and killed it. he approached companies like western union who had millions and millions in undelivered funds. pepsi with uncollected prizes. and even found real estate in manhattan. he made crazy cash in this business, usually charging 8% to both sides of the transaction for making the link.
Can you beleive stuttering John is on Lenno , was that whole thing an act the whole time ? what a genious , who would have thaught he would make it from that |
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