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Does HUD owe you a refund for an old FHA loan? Here's how to find out.

By
Real Estate Agent with Lyon Real Estate, Fair Oaks CA (Sacramento Area) DRE# 00809499

HUD wants to give you money from your old FHA loanIf you have ever had an FHA loan, Uncle Sam may owe you a refund.  HUD has been stepping up efforts lately to identify people who have a refund due, but have not collected.  "Could that be me", you ask?  Let's find out.

Go to HUD's website at www.HUD.gov  and look for the FHA LOAN REFUND program. (You guessed it, my link will take you right there!) Enter either your name or your FHA case number, and you'll find out.

"How could this happen", you ask?  Maybe there was money due from an impound account, but after your escrow closed, you moved. This money might be sitting in the government coffers collecting dust, and they want to give it back.

Jump on it!

 

thanks 13 faves from flickr.com

Posted by

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Your Fair Oaks Realtor for homes for sale in Fair Oaks and the Sacramento Area of California.... I'm your gal (Sally Dunbar). I'm occasionally knowledgable, periodically humorous, and always willing to tell you everything I know.  What more could you ask for?

Here are the newest listings for Fair Oaks, Orangevale, Citrus Heights, Folsom, Carmichael, Gold River, and Roseville - all CA, of course.

More Blog posts by Sally Dunbar at www.FairOaksHomesAndMore.comSally's Website at www.sallydunbar.com to search for all homes in the MLS, and for tons of information for buyers and sellers.  You'll find schools information, market statistics... you name it, I got it!  Come visit me.

 

 

 

Sally Dunbar, 35 year Broker Associate, Lyon Real Estate, Fair Oaks, CA (916) 524-1548, SDunbar@GoLyon.com "Your Fair Oaks Realtor"

Fred Griffin Florida Real Estate
Fred Griffin Real Estate - Tallahassee, FL
Licensed Florida Real Estate Broker

Great post... hope I can find some Lucky Winners!

Aug 26, 2010 10:22 AM
Christa Ross
RE/MAX Select Realty - REALTOR and Green Homes Specialist - Pittsburgh, PA
Helping you buy and sell Pittsburgh's Best Homes

Bummer, doesn't look like they owe me anything. Thanks for the info though.

Aug 26, 2010 10:23 AM
Eric Michael
Remerica Integrity, Realtors®, Northville, MI - Livonia, MI
Metro Detroit Real Estate Professional 734.564.1519

I actually found some leftover HUD money from my first home loan. It was only a couple hundred dollars, but still pretty cool to find! Thanks!

Aug 26, 2010 10:38 AM
Teral McDowell
Referral Patners LLC - Murphy, TX

There are lots of McDowell's on that list and I am not one of them but thanks for sharing; so will I.

Aug 26, 2010 10:57 AM
Carol Pease
JP & Associates Realtors - Bastrop, TX
CRS, Broker-Associate 512-721-6320

Very interesting.  I looked myself up, but nada!!! 

Aug 26, 2010 11:01 AM
John Giggy
Brentwood Real Estate, Short Sales, Foreclosures, HAFA - Brentwood, CA

Thanks Sally for the information. Take care.

Aug 26, 2010 11:10 AM
Sally Dunbar
Lyon Real Estate, Fair Oaks CA (Sacramento Area) - Fair Oaks, CA
Fair Oaks Realtor - Fair Oaks Homes for Sale

I'm sure their website is buzzing today, but look at how many realtors have found money today!  Way to go.

Aug 26, 2010 11:45 AM
Chuck Carstensen
RE/MAX Results - Elk River, MN
Minnesota/Wisconsin Real Estate Expert

Good information to forward to your past customers and for future contacts.

Aug 26, 2010 12:12 PM
Diane Casale
Coldwell Banker First, Huntsville, AL - Huntsville, AL
REALTOR®, ABR®, CNAS®, SNP, Selling North Alabama

Thank you so much for this information. No money for me (lol) but maybe for someone I know. Thanks again for posting.

Aug 26, 2010 12:23 PM
Vince McEveety
Gilleran Griffin Realty - Sherman Oaks, CA

oooh

great post

great info

these are the reasons to keep coming back to AR

thanks

Aug 26, 2010 02:03 PM
Anonymous
Ann Banos

I looked our name up and we weren't there but my husbands brother was and is owed $185. Just shot him off an email. I think I will send this info to my database..Might make someones day in these hard times.

Aug 26, 2010 02:26 PM
#26
Sally Dunbar
Lyon Real Estate, Fair Oaks CA (Sacramento Area) - Fair Oaks, CA
Fair Oaks Realtor - Fair Oaks Homes for Sale

Ann - Tell your brother-in-law he owes me a finder's fee!  OK, he can pay you and we'll go out to lunch.

Aug 26, 2010 03:53 PM
Tracie Cope
Granville, Newark, Heath, Buckeye Lake & all of Central Ohio - Granville, OH
ReMax 360 - www.LCountyHomes.com

I will definitely be searching for names of past clients, who wouldn't want to be contacted by someone they know, and told they have some found money.

Aug 26, 2010 10:50 PM
Deborah "Dee Dee" Garvin
C2 Financial - San Diego, CA
C2 Financial

Sally,  Great post....there are MILLIONS in the HUD coffers from the refinancing and sales of homes that had FHA loans.  The upfront mortgage insurance is refunded on a pro-rated basis for up to five years.  Very, very rarely with a current lender "net" the payoff balance to reflect the refund, so the consumer would have to contact HUD directly.  The issue is that most loan officers never tell the consumer to follow up with HUD in a few weeks.  Any time someone is refinancing or selling a home that currently has FHA financinig, they should make a point to contact HUD through the link you have provided to see if they are due a refund.

Aug 27, 2010 12:08 AM
Valerie Duncan Stewart
(Metro First Realty) - Oklahoma City, OK
Real Estate Agent-Broker, OKC, OK

Sally, who would've thought the government was trying to give money back to someone! Thanks to your blog I will go check out past clients' names and see if anyone is owed money. Great post!

Aug 27, 2010 01:36 AM
Debra Kukulski, Broker Associate
RE/MAX Suburban - Cary, IL
SRES;SFR,CDPE;GRI;ABR;e-PRO Realtor, Northern IL

Sally, this is very good information and something new learned for me already this morning.  Thanks and have a wonderful day!

Aug 27, 2010 01:59 AM
Gloria Todor
Premier Property Sales & Rentals - Springfield, PA
& Doug Durren (484) 431-3686 in SE PA

Sally, great information.  Thanks for passing it on.

Gloria

Aug 27, 2010 02:07 AM
Sally Dunbar
Lyon Real Estate, Fair Oaks CA (Sacramento Area) - Fair Oaks, CA
Fair Oaks Realtor - Fair Oaks Homes for Sale

Deborah - thanks for the expansive information.

Aug 27, 2010 03:39 AM
C. Bartch
Newark, OH

Hi Sally saw this via Maureen's reblog, great intel thanks! No luck for me but I'll be passing this along to a few people :)

Sep 01, 2010 03:40 AM
Gwen Banta
Sotheby's International Realty - Los Angeles, CA

Whoa - great to know!!!

Oct 07, 2010 12:33 PM