National-Hud-Fha-Data-Refunds.org
Does HUD Owe You A Refund? If you had a Department of Housing and Urban Development (HUD)/Federal Housing Administration (FHA) insured mortgage, you may be eligible for a refund of part of your insurance premium or a share of any excess earnings from the FHA's Mutual Mortgage Insurance Fund. Who may be eligible for an FHA refund or share? Premium Refund: You may be eligible for a refund of a portion of the insurance premium if you: - acquired your loan after September 1, 1983 - paid an upfront mortgage insurance premium at closing and - did not default on your mortgage payments. Review your settlement papers or check with your mortgage company to determine if you paid an upfront premium. Distributive Share: You may be eligible for a share of any excess earnings from the Mutual Mortgage Insurance Fund if you: - originated your loan before September 1, 1983 - paid on your loan for more than seven years and - had your FHA insurance terminated before November 5, 1990. Exceptions: Assumptions: When an FHA-insured loan is assumed, the insurance remains in force (the seller receives no refund). The owner(s) of the property at the time the insurance is terminated is entitled to any refund. FHA to FHA Refinances: When an FHA loan is refinanced, the refund from the old premium may be applied toward the upfront premium required for the new loan. .................................................................................... Claims: When a mortgage company submits a claim to HUD for insurance benefits, no refund is due the homeowner. ..................................................................................... Statute of Limitations: HUD is not liable for a distributive share that remains unclaimed 6 years from the date notification was first sent to the last known address of the mortgagor.keep in minds our service force it up of 15 years hold documentation from the date you sign the mortgage loan we guarantee you be satisfied in our service from HUD FHA DATA How are refunds determined? The FHA Commissioner determines how much of the upfront premium is refunded when loans are terminated. Refunds are based on the number of months the loan is insured. For any FHA-insured loans with a closing date prior to January 1, 2001, and endorsed before December 8, 2004, no refund is due the homeowner after the end of the seventh year of insurance. For any FHA-insured loans closed on or after January 1, 2001 and endorsed before December 8, 2004, no refund is due the homeowner after the fifth year of insurance. For FHA-insured loans endorsed on or after December 8, 2004, no refund is due the homeowner unless they refinanced to a new FHA-insured loan, and no refund is due these homeowners after the third year of insurance. How are refunds processed? - we notifies you case mortgage to the right government office of the termination of the FHA mortgage insurance for your loan. - If you are eligible for a refund,National HUD-FHA-DATA llc will send you Application for Premium Refund or Distributive Share Payment (form ) so that we can provide at the right government office with additional information about your case. - If you receive a form from us , please read and complete the application carefully, sign it, have it notarized, and return it to our office along with proof that you were the owner of the property at the time that the insurance was terminated. - After we submit-and revive your completed form and the necessary supporting documentation government office receives your completed form and the necessary supporting documentation, this information will be carefully reviewed. Upon completion of this review, will either request that Treasury issue a check directly to you or request additional information from you. How to follow-up: If you do not receive a check or an application within 45 days after you have paid off your loan, we able to locate you case , our company confirm that they have sent at the right government office in regard request to terminate the mortgage insurance on your loan. If they confirm that the correct termination information was sent, we contact the government office If you do not receive a refund or any other documentation from us within 15 days after the date we mailed your application, contact us immediately.
