How to Trace FHA/HUD Mortgage Insurance RefundsThis highly informative book provides you with step by step details of how you can get started in making money on this little known, but highly profitable government program. The FHA has a mortgage insurance program that makes housing available to individuals of any income bracket, with or without military service. With FHA backing the mortgage loan, the home buyer can purchase a home with as little as 3% to 5% down. At the present time FHA will guarantee a home purchase up to $100,000 for a single family residence. The FHA does not actually lend the money to purchase the home. The FHA stands behind the mortgage loan, in the event the homeowner does not repay the mortgage, FHA will repossess the home and sell it to recover the loss. However, in the case of a good loan, the money then sits drawing no interest until the loan is paid off and the borrower is contacted for a refund. There are many unclaimed dollars sitting in the HUD/FHA shared distribution section, with approximately 95% of the FHA/HUD borrowers not asking for the return of their money. With the addition of new names monthly, and such few individuals being found and refunded the money due them, this fund grows each month at an amazing rate. This book contains the following information:
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