| TRACER PROCEDURES The following is procedures that Third-Party Tracers need to follow when reporting a claimant due a premium refund or distributive share payment from the U.S. Department of Housing and Urban Development's (HUD) Mutual Mortgage Insurance Fund. ONCE YOU HAVE LOCATED A REFUND RECIPIENT FIRST STEP: A. Tracers must submit all of the mandatory claimant information to HUD on the Tracer Found Case form. (This form may be reproduced provided the general format is the same.) Please input the FHA case number onto the Tracer Found Case form exactly the way that it appears on the listing. This will ensure accurate identification of the claimant(s) case. Incomplete forms will not be processed. DO NOT send the Specific Power of Attorney at this step. Send the form to: U.S. Department of Housing and Urban Development Disbursements Branch P.O. Box 23699 Washington, D.C. 20026-3699 B. Claimant(s) must certify that they have not received a premium refund or distributive share payment from HUD in connection with the FHA-insured mortgage payoff. C. Claimant(s) shall authorize only one tracer to submit the Tracer Found Case form on their behalf. HUD will accept ONLY ONE Tracer Found Case form for each unpaid case. SECOND STEP: A. HUD will mail a form called HUD-27050-B Application for Premium Refund or Distibutive Share to the claimant(s) at the mailing address provided. B. Claimant(s) completes Form HUD-27050-B and returns it by mail along with proof of ownership. Acceptable proof of ownership is one of the following: a COPY of the letter from the lender showing that the mortgage was paid in full; a COPY of the canceled original Deed of Trust Note marked paid in full; a COPY of the original Mortgage or Deed of Trust Note or a COPY of the Quit Claim Deed or other deeds. If applicable, enclose supporting documentation showing entitlement such as a divorce decree with the property settlement and/or death certificate. C. Only claimant(s) who were the owner(s) of record of the mortgaged property at the time the FHA insured mortgage was paid in full, or their legal heir, may be entitled to a premium refund or distributive share payment. All claimant(s) shown on the proof of ownership must sign form HUD-27050-B or otherwise provide an explanation in the remarks item (9) column. THIRD STEP: A. Upon receipt of a completed Form HUD-27050-B and acceptable proof of ownership, HUD will review and if appropriate, authorize the case for payment. The U.S. Department of the Treasury will disburse the check. B. The check is always made payable to the claimant(s) and sent to the mailing address provided on the form HUD-27050-B. If the check is to be mailed c/o the Third-Party Tracer, a validated Specific Power of Attorney must be submitted with the form HUD-27050-B and the tracer's address must be shown in item (4) on the form HUD-27050-B. The Specific Power of Attorney Form can be printed from this program. You can duplicate this form by simply "cutting and pasting" it into the word processing program you usually use (Microsoft Word, Works, Word Perfect, etc.) Questions may be directed to HUD's Support Service Center at (703) 235-8117. |