Process Mortgage Refunds

EARN UP TO $1,000 WEEKLY PROCESSING MORTGAGE REFUNDS

This is another one of those businesses I call "if You can Find'em and Convince'em You Might Make Some Money. In this business you will be dealing with the federal government and the companies selling this "opportunity" stress that fact to add credibility.

HOW IT WORKS...

There are several government mortgage programs which are in place to help people get mortgages outside of the normal banking channels. It is basically an insurance program. The government is guaranteeing the bank that if you default the government will pay the loan.

When you get one of these loans you have to pay a Mortgage Insurance Premium (MIP). When you pay off the mortgage or get a conventional mortgage you are entitled to get your MIP back. Trouble is, the government "loses track" of some of the people they owe money and then publish lists of these people they can't find.

The government has a finder program, whereby you get these lists and if you can find the people and convince them that you are legitimate, you can collect a fee. I believe that fee is limited to 25%. A big problem is getting the people to believe that you have found money for them, without explaining where you found it. By telling where you found the money you risk the possibility of the person going around you and getting the money without paying you anything.

The important thing to remember is you don't have to pay anyone other than the government to get these lists. They will tell you that they hold the secrets to finding the missing people. These secrets are skimpy at best and the same and more can be found in any bookstore or library. Look for books on finding lost people. Use the Internet to search databases of phone numbers.