Real Estate Connie Sanders on 03 Mar 2008
does fha/hud owe you a refund?
Try to remember the first mortgage you signed for, sitting at the table and reviewing all the fees you were charged by so many different people, just to get your mortgage. It’s overwhelming. Have you ever thought about the fact that they are always quick to take your money but v-e-r-y slow when it comes to providing a refund?
Well here is another example of the slow process, but worse, it could have slipped through the cracks altogether, and there are plenty of cracks. This information may seem confusing and contradicting but it is not intended to be so. It is the “system”. If you are owed a refund it certainly won’t make you rich. It’s about the principle isn’t it?
If you had an FHA-insured home mortgage, you may be eligible for a refund from HUD/FHA. Read your settlement papers or check with your mortgage company to determine if you even paid an up-front premium. If you did you may be eligible for a refund of a portion of the insurance premium provided you: acquired your loan after September 1, 1983, paid UFMIP at closing and did not default on your mortgage payments.
There are Exceptions:
When an FHA home mortgage is assumed, the insurance remains in force. The new owner of the property may be entitled to a refund when the loan terminates.
FHA-to-FHA Refi: When an FHA home loan is refinanced, the refund from the old premium may be applied toward the up-front premium required for the new loan.
Mortgage Insurance Claims: When a mortgage lender submits a claim to HUD for insurance benefits (because you defaulted on the loan), no refund is due the homeowner.
Insurance refunds are based on the number of months the loan is insured. For any FHA-insured loans with a closing date prior to January 1, 2001, and endorsed before December 8, 2004, no refund is due the homeowner after the end of the seventh year of insurance. For any FHA-insured loans closed on or after January 1, 2001 and endorsed before December 8, 2004, no refund is due the homeowner after the fifth year of insurance. For FHA-insured loans endorsed on or after December 8, 2004, no refund is due the homeowner unless they refinanced to a new FHA-insured loan, and no refund is due these homeowners after the third year of insurance.
Mortgagee Letter 2005-03 gives additional info on recent policy changes about refunds of UFMIP. Simply stated all loans endorsed after December 8th, 2005 are not entitled to a refund of UFMIP unless it is an FHA to FHA refinance in which case the refund is applied towards the new UFMIP.
How are refunds suppose to be processed?
The mortgage lender notifies HUD of the termination of the mortgage insurance on your loan. If you are eligible for a refund, HUD will either request that the Department of the Treasury issue a check directly to you or send you an Application for Premium Refund so you can provide them with more information about your case.
If you receive a form HUD-27050-B, please read and complete the application carefully, have it notarized, and return it to HUD with proof that you were the owner of the property when the insurance was terminated.
After HUD receives your completed form and the necessary supporting documentation the information will be reviewed. Then HUD will either request that Treasury issue a check directly to you or request additional information.
How to follow-up:
If you do not receive your check or another application within 45 days after you have paid off your loan, check with your mortgage company to confirm that they have sent HUD a request to terminate the mortgage insurance on your loan. If they confirm that the correct termination information was sent, contact your local HUD office or contact them through their website. Remember this too, the rules governing eligibility for premium refunds are based on the financial status of the FHA insurance fund and are subject to change.
There you go. Simple isn’t it. Like I said it won’t make you rich and probably isn’t worth the bother if yours did slip through the system. A word of comfort, it probably did not although some do. The reason I have this information here is so you realize how important it is that you understand your loan and it’s fees. You must ask questions about anything you are not sure of. Most important, make sure you are working with a reputable Mortgage Broker that has the experience and knowledge to assure that your interests are taken care of.
Home Febbe Wallace on 03 Mar 2008
applying for adoption under the pennsylvania adoption law
As with any adoption in any state, Pennsylvania adoption law can be a very long process. If you are to have a smooth adoption process, it is always best to learn how to id in the right manner. Use the Pennsylvania adoption law as your guide for your adoption application.
When you are applying for adoption under the Pennsylvania adoption law, the first step to know is which agency you is ideal for making your application. Under the Pennsylvania adoption law, public and private adoption agencies are and licensed by the Pennsylvania Department of Public Welfare (DPW). These agencies are authorized, in various capacities, to help in the facilitation of the placement of an adoptive child into a permanent. Learning about how these agencies work is another important key to your application.
Generally, there are three licenses that may be issued to adoption agencies under the Pennsylvania adoption law. These three licenses are:
- The Full Service License - DPW issues this license both to private and public adoption agencies and gives them the authority to assume care and custody of an adoptive child. Asides this, a full-service adoption agency may also provide other services like placing a child up for adoption, initiating the evaluation of prospective adoptive parents; and supervising the placement of an adoptive child into a new permanent home.
A full service Texas adoption agency has the authority under the Pennsylvania adoption law to remove a child what may be a an unhealthy and unsuitable adoptive home environment, and proceed with steps to relocate him or her to a better and more caring permanent home.
- A Non-custodial License - This license allows certain adoption agencies to work hand in hand with public or private full service agencies by specializing in certain areas of the adoption process. They may act as intermediaries between a full service agency and the birth parents, the adoptive parents and the agency, as well as between both the birth and adoptive parents.
Non-custodial adoption agencies also assist in the adoptive placement process. They offer follow-up and support services as well, especially after the child has been placed into their permanent homes. Certain services, under Pennsylvania adoption law, are our of non-custodial licensed-adoption agencies. They may not remove a child from an unsuitable home environment, nor are they authorized to assume the care and custody of a child, as well as initiate adoptive placement processes.
- The Inter-country License - This license is issued by DPW as an additional suite of services under the Pennsylvania adoption law. The inter-country license allows these agencies to initiate final adoption proceedings that would allow placement of foreign-born children into permanent domestic homes. If you are interested in adopting a child from Asian countries such as Korea, China, or the Philippines, you may only do so with a private agency, because under Pennsylvania adoption law, these are the only agencies that may provide these services.
Getting the right adoption agency means going to one that is authorized and licensed under the Pennsylvania adoption law. It ensures that you have not overstepped your own boundaries, and that your future son or daughter’s welfare has been taken cared of before they are placed with you.
Home Tim Croy on 03 Mar 2008
sexy, spiritual sacred heart tattoos
When you decide on a tattoo design, make sure it is something that is of great personal significance to you. Some people take little thought in choosing their designs. People with strong religious beliefs may consider sacred heart tattoos to be a wonderful design option.
It probably doesn’t surprise you to learn that some of the most popular tattoos people choose are religious symbols and icons. Getting an image of the cross tattooed, for example, makes some Christians feel closer to God. For some Jews, a Star of David can be an intimate, indelible reminder of their heritage and history.
The sacred heart is also associated with profound spiritual and cultural significance. It can be a symbol of sacrifice, a symbol of strength, or a symbol of both. Its meaning, just like your tattoo, is intensely personal.
After you have made the initial choice to use the sacred heart tattoo design, several other factors must be considered. Will the tattoo be monochrome ink or multicolored? Traditionally, the sacred heart is often depicted in multiple colors, especially red. Two major issues that you need to consider in making this decision are cost and pain.
The first issue is price. Colored tattoos generally are much more expensive than monochrome tattoos. This is because of the number of inks, as well as the time it takes the artist to change equipment. If the expense is going to be a problem for you, black ink may possibly be a better choice.
The other main issue is pain. People with high pain tolerance will probably be safe in choosing a colored tattoo. The artist has to reload the gun with each ink change, and this makes the process take longer than a monochrome tattoo. The complex shades some designs require makes this difference even more significant.
The other important thing to determine in getting this tattoo is the location. You may feel uncomfortable having this tattoo applied in certain parts of your body, for example, because of the spiritual connotation this image conveys. While the location is your decision alone, choose carefully.
When you decide to get a sacred heart tattoo, consider these factors carefully. This design is a powerful spiritual and aesthetic symbol, and you won’t regret getting it tattooed anywhere or with any number of colors.
