Let Us Help You With Your Financial Needs
ARE YOU ELIGIBLE FOR AN FHA PREMIUM REFUND OR SHARE?
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Let Us Help You With Your Financial Needs ARE YOU ELIGIBLE FOR AN FHA PREMIUM REFUND OR SHARE? |
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EXCEPTIONS
1.
Assumptions:
When an FHA insured loan is assumed, the insurance remains in force (the
seller receives no refund). The owner(s) of the property at the time the
insurance is terminated is entitled to any refund. 2.
FHA to FHA Refinances:
When an FHA loan is refinanced, the refund from the old premium may be
applied toward the up-front premium required for the new loan. 3.
Claims:
When a mortgage company submits a claim to HUD for insurance benefits, no
refund is due to the homeowner. 4.
Statute of Limitations:
HUD is not liable for a distributive share that remains unclaimed six
years from the date notification was first sent to the last known address of the
mortgagor. 5.
All One Time Search Fees are non-refundable.
Refund Recovery Fees are only refundable if it is found that a refund is
not to be granted. In that case, all fees will be remitted minus a One Time
Search fee of $29. The
rules governing the eligibility for premium refunds and distributive share
payments are based on the financial status of the FHA insurance fund and are
subject to change. |
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Home Exemptions One Time Search Refund Recovery
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