FAQs

There are many questions which prospective clients of HUD FHA Refunds have.  We hope that the answers below will assist you in your understanding and the services that we provide.  If you have any further questions, please contact us.

Q: Is this a scam?

A: No, it is not.  You may speak to us at any time and we will be more than happy to explain our processes thoroughly to you, ensuring you have a complete understanding of who we are and how we will assist you in getting your FHA refund from HUD.

Q:  Is HUD FHA Refunds a collection agency?

A: No, we are not a collection agency. A collection agency specializes in the collection of delinquent debt, whereas HUD FHA Refunds operates in direct contrast, specializing in locating and assisting individuals and businesses in receiving funds that are rightfully theirs. HUD FHA Refund often works with cases in which individuals and businesses both small and large are looking to receive an FHA refund.

Q:  How and why did you locate me?

A: HUD FHA Refunds research professionals make use of numerous public records. These records include, but are not limited to: change of address filings, voter registrations, telephone directories, city and town indexes, drivers' records, military registers, marriage and divorce filings, birth and death certificates, property ownership documents, and court records. HUD FHA Refunds also continues to develop and subscribe to multiple propriety databases.  Our research shows that there is a/are FHA refund(s) Funds available which belong to you.

Q:  If I am really owed money, wouldn’t I have been contacted about it and the money given to me?

A:  Depending upon the general state statutes of where the foreclosure or tax sale occurred, you may have been notified by the Trustee, the Clerk of Court, or the Sheriff’s office where the sale took place.

Q:  How do I know I am still entitled to the money?

A: HUD FHA Refunds will only contact you when we know that there is money available.  Depending on whether you've owned property in other states, at the time of contact, we may not always know the exact amount until further research is completed upon your request. Addiytional searches are performed for you at no additional charge. 

Q:  If HUD is holding onto money that is supposed to belong to me, what happens to it?

A:  The state invests those funds and makes interest off of the money they are holding.  Usually, but not always, the interest made is used to help support the educational system of that state. 

Q:  What does the process entail?

A:   The process varies by county and/or state.  Please class="class1" href="https://web.me.com/jrichmaners/ERS_old/Contact_Us.html" title="https://web.me.com/jrichmaners/ERS_old/Contact_Us.html">contact us regarding your state.

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class="paragraph_style_2">Q: How do I begin the recovery of my funds?

class="paragraph_style_2">A:  class="style_3">To begin the recovery process, you must give permission to authorize class="style_4">Equity Recovery Systemsclass="style_3"> to work on your behalf and have an agreement in place to recover your funds. Occasionally, the entity holding your funds may require additional documentation.

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class="paragraph_style_6">style="line-height: 20px; " class="style_8">All of the entities currently holding your funds will require a copy of government-issued identification such as a driver's license, passport, state identification card, or a social security card. If you have changed your name or address, a verification of this change will also be required. This information is used simply to verify that you are the correct legal beneficiary of your funds as opposed to someone using your identity to fraudulently gain access to your fundsstyle="line-height: 19px; " class="style_9">.

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class="paragraph_style_8">class="style_11">Q:  Where can I get a document notarized?

class="paragraph_style_8">class="style_11">A:  Documents can be notarized, free of charge or for a minimal fee, at most banks, real estate offices, city halls, state offices, and insurance companies.  If you are unable to get to a notary for any reason, there are many mobile notaries that can come to you for a nominal charge.

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class="paragraph_style_2">Q:  How long does it take to go through this process?

class="paragraph_style_4">class="style_6">A:  When full and proper documentation is received, we will institute immediate recovery of the assets on your behalf.  The process could take up to four months or longer.  We will keep you informed throughout the process and advise on any anticipated delays.

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class="paragraph_style_2">Q : Are there any upfront fees or cost to me?  What if I use Equity Recovery Systems’ services and no monies are recovered because something went wrong?

class="paragraph_style_2">A:  class="style_4">Equity Recovery Systemsclass="style_3"> never requests payment upfront and works solely on a contingency basis unless you request an early settlement. class="style_12">Although highly unlikely, if you do not receive any monies, class="style_4">Equity Recovery Systemsclass="style_12"> does not charge you, regardless of any costs incurred during the processing of your claim. class="style_3">There are no hidden fees or additional costs.

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class="paragraph_style_2">Q:  Does Equity Recovery Systems charge a fee?

class="paragraph_style_2">A:  class="style_3">No, class="style_4">Equity Recovery Systemsclass="style_3"> class="style_13">neverclass="style_3"> charges a fee. The costs class="style_4">Equity Recovery Systemsclass="style_3"> incurs to obtain the data that indicates outstanding funds due to you, to locate you, to prepare and file the legal documents necessary to claim your funds, to retain outside counsel if necessary, to pay any mandated filing fees, and to monitor the status of your claim are all included in the Professional Services Agreement between class="style_4">Equity Recovery Systemsclass="style_3"> and you.

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class="paragraph_style_2">Q:  Can I get any money sooner, and if I can, how long will it take for me to get it?

class="paragraph_style_2">A:  class="style_3">Yes, you may receive a settlement of your funds if that is the option that you choose.  Equity Recovery Systems will generally have funds to you within 7 business days upon receipt of our agreement.

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class="paragraph_style_2">Q:  What protections are in place to ensure that I will receive the money that I am entitled to?

class="paragraph_style_2">A: class="style_3"> All transactions are done through a reputable attorney who is in good standing with the Bar Association.  In each case, all major correspondence will go through that attorney and all monies are sent out from the attorney’s trust account.

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class="paragraph_style_11">class="style_11">Q:  Do I have to use Equity Recovery Systems to claim my monies?

class="paragraph_style_11">class="style_11">A:  While you do not have to use class="style_7">Equity Recovery Systems to recover your funds, it is highly unlikely that you would locate and successfully recover these funds without the assistance of a recovery professional such as class="style_7">Equity Recovery Systems.

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class="paragraph_style_11">Even if, by chance, you do know where the funds are located, most people do not have the time, money or knowledge of the complex procedures that are necessary to claim their funds. Instead of spending your valuable time and money on calls and letter writing in an effort to track down these monies, find the correct contact people, become familiar with the filing requirements and prepare and submit the proper documents,

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class="paragraph_style_11">class="style_7">Equity Recovery Systems offers a simpler and more efficient solution. The professionals at class="style_7">Equity Recovery Systems use their knowledge and experience to get your funds back to you sooner.

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class="paragraph_style_8">class="style_6">Q:  What if there are liens on the property?

class="paragraph_style_2">A:  class="style_14">Any liens on the property are first in line as a priority to the funds and will have to be paid before you receive any money. We at class="style_4">Equity Recovery Systemsclass="style_14"> will work with you to maximize any funds you may have coming and minimize the amount of the liens.

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class="paragraph_style">class="style_15">Q:  I am not the person you are looking for, what should I do?

class="paragraph_style">class="style_15">A:class="style_11">  class="style_1">If you receive a letter or phone call, but are not the rightful owner of the unclaimed asset, please let us know. We will update our records to ensure that no further correspondence is directed to you.

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class="paragraph_style_15">class="style_1">Q: class="style_16">I think I know how to get in touch with this person or his/her next of kin.

class="paragraph_style_15">class="style_16">A: class="style_17">If you know how to contact the rightful owner (or the next of kin), please advise us so that we can correspond with him or her, or if preferred, forward our letter to the owner directly.class="style_1">

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class="paragraph_style_16">class="style_11">Q:  What do I do if I receive a letter from another company offering a similar service?

class="paragraph_style_16">class="style_11">A:  It is important that you carefully examine the professional standing of any company that may contact you.  Check the qualifications, experience, credentials, and professionalism.  Ask if they are part of any reputable organizations. If you have any questions, please do not hesitate to contact us. .

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class="paragraph_style_16">class="style_11">Q:  What happens if I do nothing about this unclaimed asset?

class="paragraph_style_16">class="style_11">A:  If you choose to take no action, the asset will remain unclaimed. In some states, if an asset is unclaimed for an extended period of time, it is often transferred to the state in which the asset resides negating any chances of recovery.

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class="paragraph_style_2">Q:  Do I have to pay taxes on the money that I receive?

class="paragraph_style_4">class="style_6">A:  Please consult a professional tax advisor to determine if there will be any tax liability on your behalf.

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class="paragraph_style">class="style_15">Q:  What if I have further questions?

class="paragraph_style">class="style_15">A:  class="style_1">Our staff is happy to assist you with any further questions. Please do not hesitate to class="class2" href="https://web.me.com/jrichmaners/ERS_old/Contact_Us.html" title="https://web.me.com/jrichmaners/ERS_old/Contact_Us.html">contact usclass="style_1">.

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class="paragraph_style_18">style="line-height: 14px; " class="style_18">Please remember that the processes and laws vary state by state.