FHA insurance refund

The following are a list of frequently asked questions. We have narrowed down the list to what we think are the most pertinent questions. If you have any further questions after reading this you can contact our office or HUD/FHA at (202) 708-1112.

Question: I received a postcard in the mail offering a Government Processor job but it did not include a business name just a number to call, is this a scam?
We are contacted regularly by people who have received suspicious postcards or letters offering a Government Refund Processor opportunity. Keep in mind that a legitimate business that mails out home-based work offers should have no problem providing the name they are conducting business under. If a name is not provided, you are urged to exercise caution. If a name is provided, you should be able to verify the legitimacy of the business with a small amount of investigative work.

Question: How many people have refunds coming to them?
Answer: Currently there are approximately 145,000 people nationwide, including the commonwealth of Puerto Rico due HUD/FHA refunds as a result of this program.

Question: What's the dollar amount of these refunds?
Answer: The average refunds are approximately $800 to $1,400. The highest refunds are around $5,000.

Question: Why doesn't HUD/FHA do this themselves?
Answer: It was determined that the cost involved with creating a division within HUD/FHA for the sole purpose of returning this money back to the people would far exceed the cost of allowing people to do this for them independently.

Question: Why didn't the people collect their refund?
Answer: The most common reasons are: 1) Over time most people simply forget that they are entitled to a refund therefore do not contact HUD/FHA to claim it. 2) The home was sold and the individual did not provide a forwarding address at the post office. 3) The letter that is sent to them by HUD/FHA notifying them of their refund is often mistaken as ''junk mail.''

Question: How do I find these people?
Answer: In some cases they have simply refinanced their home and can still be contacted at the address shown on the state list. For the ones that have moved, people locator websites such as WhitePages.com, ZabaSearch.com and Phonesbook.com are great ways to find these people. In addition to the people locator websites just mentioned, you will also receive the ProSearch Investigations System free of charge. This resource will greatly enhance your success by providing you with immediate access to official Government public records sources that are used by Private Investigators and other professionals to locate people. Click here for complete information about this resource.

Question: Can I purchase a state list from HUD/FHA and do this on my own?
Answer: Yes, however HUD/FHA does not provide the training information because you will be working on a third party basis, not as an employee of HUD/FHA. Your purchase of a state list from HUD/FHA will only include the required forms. The HUD/FHA Refund Processor Quick-Start Kit provides complete training information so there will be nothing for you to figure out on your own, the required forms, and unclaimed cases so you will be able to start immediately.

Question: Do I get paid by HUD/FHA or by the people who have money owed to them?
Answer: By the people. In no case will HUD/FHA make a separate check payable to you.

Question: How does the Internet opportunity differ from the opportunity offered in the newspaper?
Answer: Our on-line version of this opportunity is intended to give those with an Internet connection much quicker access to the materials. You will not have to wait to receive the materials through the regular mail because the entire contents of the program are delivered via e-mail.

Question: How do I decide what processing fee to charge?
Answer: You can charge whatever you feel is fair for your services. A 10% to 20% processing fee is widely considered a program standard. You can charge more than 20% but if you do you might encounter some reluctancy from the refund recipient in acquiring your services. You can even charge a ''flat'' fee.

Question: How long will it take me to get paid?
Answer: We will provide you with two payment options to choose from. One of these options will allow you to be paid after the individual has received their refund, the other will allow you to be paid within a few days of contacting a client. You will learn precisely how to use these options to guarantee payment for your services.

Question: What's the best way to contact these people?
Answer: Once you have located a refund recipient you can contact them either by phone or regular postal mailing. You simply choose which approach is best for you. If you decide to write to them you will send this letter using a handwritten envelope. This is a great way to get their attention and to avoid the possibility that they could mistake your letter as ''junk mail.'' The quick-start kit also includes pre-made, ready-to-print introductory/notification letters for contacting refund recipients by mail. You will be able to simply print out or reduplicate these letters to send to them.

Question: What sort of expenses are required in this business?
Answer: The only expenses that you will incur will be for stamps, envelopes and paper. However, these costs are quite minimal especially when compared to the average processing fee that you receive. In addition, if you incorporate the webpage advertisement approach to refund processing, you can further decrease your need for these materials because refund recipients will be contacting you instead.

Question: Once I contact a refund recipient what will stop them from doing this themselves?
Answer: When you contact them you will only inform them that they have an unclaimed refund and that you will help them collect it for a fee. Once they have committed to a payment option, you then disclose the reason for the refund.

Question: Does HUD/FHA require you to be licensed?
Answer: No. HUD/FHA requires no license because you are not dealing directly with these funds.

Question: Do I have to do a lot of selling to the refund recipient in order for them to be interested in my services?
Answer: Not at all. People are very happy when they find out that they have an unclaimed refund and that you will assist them in collecting it. The in-depth online training manual will show you the proper wording to use when notifying a refund recipient of their refund (this is extremely important). Remember, you don't even have to speak to a refund recipient unless you choose to.

Question: What is the purpose of the Found Case form and the Power of Attorney form?
Answer: The Found Case form is the form you will provide to the refund recipients that you are helping. The top portion of the form is for your information (name, address and telephone #) and the bottom is for the refund recipient to fill out. Once this form is completed it is sent to HUD/FHA. At this point your work is done. The Power of Attorney form is filled out by the refund recipient and will allow the refund check to be sent to your address instead of the the refund recipient's address.

Question: Do the people need to pay taxes on these refunds?
Answer: No, they do not have to report their refund on their income taxes.

Question: Do I need to have experience or a background in any certain field to be able to do this?
Answer: No experience is necessary. You will know how to process these refunds after reading over the simple instructions that are included in our training information. Reading over the training information will take you about 30 minutes or so.