Wednesday, April 23 2014, 09:23 AM MDT
HUD Takes Nearly Two Years To Give Man FHA Loan Refund
(KUTV) If you are due a refund, wouldn’t you expect to get it?
A South Jordan man says the federal government has owed him more than $1,000 for over year. When they wouldn’t pay, he contacted Matt Gephardt.
When Brent Morgan first bought his South Jordan home, he did so with a government backed F.H. A. loan.
Like many homeowners, Brent was asked to pay for mortgage insurance. A few years later, he refinanced his home. Now, his new lender says Brent should be getting back some of the money he paid for mortgage insurance.
Brent repeatedly contacted the U.S. Department of Housing and Urban Development, which has his money, but he couldn’t get anyone to send it.
He asked Gephardt to investigate.
Gephardt called HUD on Brent’s behalf, and by speaking to the public affairs specialist, he found that not only is Brent due a refund, there are others too that have money coming to them from the feds.
In a statement, HUD said that they “will begin the process of issuing the refund…” And not just to Brent, but to “any other homeowners who have found themselves in this situation.”
HUD offered no explanation for why it took nearly two years to get Brent his refund, but Brent is happy to now have his $1,711.15 that he was owed.
When you refinance an F.H.A. loan, and there is extra money, HUD is required to account for it. They must either issue a refund check or apply it to the balance of your mortgage.
(Copyright 2013 Sinclair Broadcasting Group)