Have you received in your mailbox recently, a notice that states "In accordance with the real property statues of the State of Florida, the REI Reimbursement Program was recently developed to reward homeowners for investing in the high appreciating properties located in the 34983 zip code. The REU Reimbursement Program is your chance to be reimbursed for the financial investment you have made in your property. You may be entitled to a cash reimbursement up to $$$."
The definition of reimbursement is "to pay back to someone". This company has NO interest in paying you any money. This is another mortgage company that is hoping that their marketing idea will cause the phone to ring!
An excerpt from a recent RIS Media newsletter stated "As the market contracts and margins thin, lenders are under more pressure to accept loans of dubious quality. In response to the desire to keep loan volumes up, lenders may be more tempted to not look too closely at loans. Fraudsters understand this, and may try to take advantage of the situation by pushing through loans containing material misrepresentation. "
Read everything before signing and get a second opinion when dealing with out of town mortgage companies!!
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