USA SOFTWARE's original USA SOFTWARE's original Price: $49.95 (NO shipping and handling charges) To order, send a certified check or money order to:
USA Software
676 Rivers Reach
Virginia Beach VA 23452
You can earn $$$$ at home helping people retrieve their lost refunds!!!
How does it work???
The information below explains how to earn $200 - $1,200 every time you help someone get their own money back. At last, a legitimate business opportunity for under $100.
First, a little background information about HUD (The Department of Housing and Urban Development). HUD currently holds millions of dollars belonging to prior FHA Home Loan Borrowers. These monies are premium refunds of the Mutual Mortgage Insurance Fund operated by HUD and the Federal Housing Administration. When an applicant is approved by HUD for an FHA loan, an insurance policy is issued covering a certain percentage of the actual dollar amount of the loan, payable to the lender in case of default. For this policy, the borrower pays HUD a fee based on the loan value which is financed along with other costs by the lender. Later, when the loan is satisfied and the insurance terminated, the borrower is entitled to a refund.
In March of 1986, the General Services Administration ordered HUD to devise a method of distributing these funds to their rightful owners. Because no provisions were made for funding a department dedicated to locating recipients, HUD devised the "Third Party Tracer Program". This is where you come in. As a Third Party Tracer, you will be charging each claimant a fee of 20% - 30% for contacting them and assisting in completing the necessary paperwork which is just one simple form called the "Tracer Found Case." The average refund being $1,000 - $4,000 will yield a commission of between $200 - $1,200 per case. This is truly a high income work at home business.
Our newly updated "Third Party Tracer" computer software program includes everything you need to become successful. You will learn where to obtain names of people due mortgage refunds from HUD from any state you choose. The easiest ways to locate those due a refund. How to contact them to get an immediate response. How to process the necessary "Tracer Found Case Form" so refunds are promptly issued. How to claim your share of their Government Refund by charging a processing fee of up to 30%. How to have HUD send the U.S. Treasury refund checks directly to you. How to keep your profits flowing weekly, monthly, yearly and much more!
The HUD "Third Party Tracer Program" was devised by the Department of Housing and Urban Development, a department of the U.S. Government. It is a legitimate business opportunity. It is not a get-rich-quick scheme! Like any business, it requires dedication and a certain amount of work on your part. It can, however, produce a five or six figure income for anyone willing to give it the attention it deserves. Now with our computer software program, you can enter this exciting and lucrative field. This truly unique opportunity requires neither a large initial investment or extensive training. It involves no selling and can be operated entirely out of your own home with your own personal computer. If you are ready to begin a new, rewarding and highly profitable business of your own helping people find their lost cash, order today!
1. OBTAINING INFORMATION UNDER THE FREEDOM OF INFORMATION ACT (FOIA)
Under the FOIA, information on unlocated payees is available in the following format - information released for unpaid cases which had the FHA mortgage insurance terminated between 1977 and 2 years ago is available by individual state and by some HUD Field Office jurisdictions. It is not available by cities, counties, zip codes or regions. This information is reproduced in the form of printed listings and is updated monthly.
2. ABOUT THE PROGRAM
Everyone who buys a HUD/FHA home is required to purchase MMI( Mutual Mortgage Insurance) or MIP (Mortgage Insurance Premium) on their home loan. This insurance serves two purposes:
(1) It enables the homeowner to borrow money with less of a down payment.
(2) It guarantees the lender that if the homeowner defaults on the loan, the Federal government (HUD/FHA) will step in and pay for it. This has helped millions of people to buy homes who would not have qualified otherwise.
3. HERE IS THE CATCH
When homeowners repay their loan, they are entitled to a refund on their MMI or MIP insurance policy. But, when these people paid off their loan, they forgot to call HUD/FHA and ask for their refund. After two years, information on cases remaining unpaid is made available for release to the public under the FOIA Freedom of Information Act of 1986, as amended, the money is put in a fund that is set aside especially for these refund recipients. For years, the money has been piling up and today there are millions of dollars in the fund which is drawing no interest.
Finally, in 1986, another division of the government stepped in and told HUD/FHA they had to figure out a way to solve this problem and get the money back to the people who were entitled to a refund. HUD/FHA did not want to spend the administrative costs such as advertising, etc. which would be a huge amount of money so they decided to let anyone become a legal third party tracer/processor. You are allowed to find these people, let them know they have a refund that is owed to them and receive a very nice commission for doing so. However, HUD/FHA won't teach you how to do this so you can make a great deal of money. They leave that part up to you. With little government publicity only a small number of people know about the program and are taking advantage of it.
4. HOW YOU CAN BECOME A LEGAL PROCESSOR
We will show you step by step how to become a third party processor/tracer. We will show you how to obtain a state refund list, various methods for locating the people on the list, what to say (this is extremely important) which forms and contracts to complete, how to maximize your commissions, how to have HUD/FHA send the refund check directly to you and how to get paid every single time.
1. IS THE U.S. GOVERNMENT REFUND TRACER PROGRAM LEGAL?
Yes. In 1986, Congress mandated that HUD make available to the general public lists of borrowers due refunds from every state. They want you to do this because it saves them millions of dollars in administrative costs.
2. DO I GET PAID BY HUD/FHA OR THE BORROWER?
You are paid by the borrower.
3. HOW MANY TRACERS ARE PROCESSING REFUNDS CURRENTLY?
Not nearly enough. HUD has estimated over the next decade there will not be enough Tracers to process the refunds that are constantly being made available each and every month.
4. HOW DO I GET PAID?
You charge a processing fee. We recommend 20% - 30% depending on the size of the refund.
5. WHAT IS THE AVERAGE AMOUNT OF A REFUND?
$1,000 - $4,000 which makes your fee $200 - $1200 per case.
6. DOES HUD/FHA REQUIRE YOU TO BE LICENSED?
No. Check with your state if you decide to get a business license.
7. HOW MUCH MONEY IS CURRENTLY UNCLAIMED?
HUD estimates nearly $100,000,000 (one hundred million dollars) and growing monthly.
8. HOW LONG IS THE TRACER PROGRAM GOING TO LAST?
As long as HUD/FHA continues to approve loans the money will never stop growing. Your money making potential is endless. Every month thousands of names become available for processing which are then added to the new lists.
9. CAN I PROCESS REFUNDS FROM STATES OTHER THAN MY OWN?
Absolutely. You can help people from any state you choose. Names are constantly being added each month in every state across the country.
10. IS THERE MUCH COMPETITION AMONG TRACERS?
No. There are so many people that have money coming back to them with more being added each month that you could never take business away from another tracer even if you tried. You will have more than enough names to work yourself each month.
11. HOW DO I OBTAIN A LIST OF NAMES OF REFUND RECIPIENTS?
You get them directly from HUD. We provide you with their address and phone number so you can order as many lists from any state you want.
12. DOES HUD/FHA TEACH YOU HOW TO LOCATE THESE PEOPLE OWED REFUNDS?
No. They just provide the lists. We have spent years of research and development and put together one of the most informative and up-to-date computer software programs on this subject matter. This information is invaluable. Your first refund case will pay for the Tracer Program many times over.
13. HOW DO YOU DECIDE ON YOUR PROCESSING FEE?
We recommend 20% - 30%. You can charge whatever you think is fair. Don't get greedy. Also, remember to call it a processing fee and not a finders fee. Legally as a finders fee you can't charge more than 5% - 10%.
14. WHAT IS STOPPING THESE PEOPLE FROM CALLING HUD/FHA AND GETTING THEIR REFUND THEMSELVES AFTER I CONTACT THEM?
Simple. You choose how you want them to work with you. You have them sign and notarize a contract we provide for you to use. This states that you are guaranteed your money before you disclose any information to them or you are paid up front by using our form (Power of Attorney), either way guarantees your fee.
15. WHAT IS STOPPING ME FROM ORDERING A LIST FROM HUD/FHA WITHOUT THIS PROGRAM?
Nothing. But good luck. First you need to know where to order your lists. Then you won't know how to contact the people - most importantly (what to say) or how to process their claim and get paid for your service.
16. DO YOU HAVE A LOT OF MAILING OR PHONE CALLS TO DO?
The great part about this program is the costs are minimal compared to the commissions you earn. We show you how to work this program over the phone (what to say to the people) and through the mail (we have all the letters, contracts and forms you need). Then you can also benefit by making use of your fax.
17. WHAT IS AN FHA/HUD REFUND?
Simply, whenever a home is purchased through FHA, the home-buyer pays an "MIP" (mortgage insurance premium) which protects the loan from default and also helps the homebuyer better qualify for the loan. When the mortgage is eventually paid off or sold, the homebuyer is entitled to receive a refund of the unused portion of the "MIP" premium. However, in many cases the refund goes unpaid due to a lack of understanding on the part of the homebuyer as to how to obtain it from HUD. As a refund processor, you can be paid for helping process the very simple paperwork required for each case.
18. WHAT DOES A REFUND PROCESSOR DO?
Refund processors simply locate and contact names on HUD Listings either by mail or phone to inform them of their U.S. Government refund money. Then a one-page form is filled out and sent to HUD for verification. Afterward, a U.S. Treasury check is issued for the full amount of the claim. HUD Listings are available through the Freedom of Information Act and may be obtained directly from HUD.
19. HOW MUCH WORK IS CURRENTLY AVAILABLE?
Tens of thousands of names and addresses are currently available to work. In addition, hundreds more fresh names are added each month. Experts estimate the current workload alone will take several years to process. You may work from any state listing you choose.
20. WHY DON'T THESE PEOPLE GET THEIR OWN REFUNDS?
Before HUD releases funds, certain procedures are required. Once the steps are learned, they are very simple to apply; however, someone not following the correct procedure can expect difficulty in obtaining his or her money, and most will turn to a processor for assistance.
21. IS THIS PROGRAM DIFFICULT TO DO?
All program steps are laid out in simple-to-follow terms and are not difficult to learn or apply. If you can look up a name in a directory and type (or write) a letter, you should be able to achieve success as a processor. Once you become familiar with the steps, it then becomes a simple matter of doing it.
22. IS MY START-UP PACKAGE TAX DEDUCTIBLE?
When used as a business expense, it is fully tax-deductible.