MAKING MONEY WITH HUD/FHA MORTGAGE INSURANCE REFUNDS


ABOUT HOMEOWNER REFUND LISTINGS

In 1986, the Freedom of Information Act (FOIA) was passed. HUD/FHA can now provide lists of all mortgagors who may be entitled to these refunds. HUD attempts to advise mortgagors of their entitlement, but if the refund is not claimed after two years, information is made available and is provided in the form of a Homeowner Refund Listing.

Homeowner Refund Listings are available through HUD/FHA and you will need to obtain one for the state you are interested in working in. The procedures for obtaining them will be discussed later in this package.

The listings vary in size, with the larger and more populated states having the larger listings. Many states have between 300 and 1,500 cases listed. The amount of each refund varies, with the average being somewhere between $450 and $1,100. The listings are updated monthly by HUD and new cases are continuously being added. They may contain cases for which payments are being processed, or which have been paid since the printing of the list.

Below is an example of the information contained on a listing:


- SAMPLE ONLY -

Do Not Attempt To Use!

This is fictitious data only to illustrate the type of information
the report you receive may contain. The actual report could
be in a slightly different format.

MORTGAGEE
NAME

MORTGAGEE
ADDRESS
PROPERTY
ADDRESS
ENCUMB
DATE
ENCUMB
AMOUNT
JACK L RABBIT

CASE # 123-111111
123 S MAIN
MESA, AZ
12345
408 FOXFIRE
MESA, AZ
12344
01/20/96 559.88
ROBERT S SAMPLE
HARRIET SAMPLE
CASE # 123-222222
401 SOMEWHERE
SAGINAW, MI
09091
RT4
SAGINAW, MI
09092
02/20/88

1874.07
MATTIE R BAKER

CASE # 441-606060
1400 NICE ST
PRETTY CITY, WA
99999
1400 NICE ST
PRETTY CITY, WA
99999
04/22/90 376.52
MARY L. LAMB

CASE # 123-112211
405 FLEECE
ALBQ, NM
80101
405 FLEECE
ALBQ, NM
80101
09/18/94 924.22
V V VICTORIA

CASE # 101-777778
1701 ROSE ST
ATLANTA, GA
12345
101 LINCOLN
ATLANTA, GA
12345
01/24/94 525.21
SAM J FLOWERS

CASE # 191-111333
2503 PETUNIA
BATON ROUGE, LA
41414
2503 PETUNIA
BATON ROUGE, LA
41414
04/29/92 114.06
CASEY BATT

CASE # 051-116116
2418 OUTFIELDER
CHICAGO, IL
30300
2148 OUTFIELDER
CHICAGO, IL
30300
04/22/94 352.54
DANIEL BOONE

CASE # 241-134124
457 BEAR DR
NASHVILLE, TN
40101
457 BEAR DR
NASHVILLE, TN
40101
08/16/93 1057.95
RED SAILS

CASE # 333-222444
5403 SUNSET DR
SAN DIEGO, CA
90190
5403 SUNSET DR
SAN DIEGO, CA
90190
08/31/93 207.85
MARYLAND GORGEOUS

CASE # 111-382436
421 WOW ST
TULSA, OK
71212
421 WOW ST
TULSA, OK
71212
08/01/90 559.88
JACK B NIMBLE
HARRIET NIMBLE
CASE # 141-989898
901 BURNT BOTTOM
PEORIA, IL,
34567
901 BURNT BOTTOM
PEORIA, IL,
34567
09/01/88 1336.94
FANCY DANCER

CASE # 161-202021
1820 REMARKABLE
NEW YORK, NY
12399
1820 REMARKABLE
NEW YORK, NY
12399
09/08/94 924.22

- SAMPLE ONLY -