877-778-4727

Thanks for posting this online.  Here is a copy of the letter.

Name:

This notice is to inform you that you may be owed a refund of several thousands dollars on your mortgage that funded on mm/dd/yyyy in the amount of $.

Based on city and county records your loan as well as many other laons may have been overcharged or miscalculated several thousands dollars.

While refunds vary, amounts owed can range as high as $1,500 to over $7,800.00.

A consumer analysis is available to those that receive this notice.  This analysis is provided to determine refund elgibility and interest reduction options with no refinancing required.

Call now toll free at 1-877-778-4727 for further information.  As a part of this mortgage auditing and refund service, please reference eligibility: UXXXXXXXX when calling.

Thanks for typing up your ACT letter, looks identical to anonymous' on the previous page. Whenever an opportunity arises, please tell people never to buy the ACT Program.

Wow! Thanks for researching and sharing this info.

Yeah I recieved my ACT letter today and I called the number and the guy on there told me my loan had been sold many times and I was probably charged fees everytime they did sell it and I paid for the transferring of each sell. And that I probably have some maybe 1,500 to 7.800.00 in refunds coming to me from mortage audits, I think these people should be stopped and how in the hell did they get my information,,,,,,MADDDD

My husband and I received a letter informing us that we may be owned a refund of several thousand dollars on our mortgage that was funded when we first bought our house back in 1996.  The amount that may be refunded was in the amount of $171,000.  Yeah right . .  how can that be when we bought our house for $190K back then. Definitely it was too good to be true . . . Out of curiosity I googled the number and found this website.  Please do not get scammed.  Again, when offer letters are too good to be true, I would say 99.9% percent they are scams.  I really don't understand how folks that were at these places can sleep at night . .  oh well . . .

I received this same letter with the same suggested refund range. Thanks for your posts! I won't waste another minute on this.

Thanks a lot for the heads up!!!

Got the letter too.  Now it belongs to my trash can.

Thanks for alerting us. We should all send emails to our friends to have them and their friends aware of this scam.

I got same mail from ACT  and I tried calling the number listed on the letter for several times and it was busy, so I gave up and did some research and found out what others had, SCAM. Thank you guys for exposing the suckers.

I'm glad you didn't get snared by AED but your report of busy phone lines is most troubling for it suggests many are falling for it. <sigh>  :(

Just received this letter today:

Based on city and county records, your mortgage that funded on **/**/**** in the amount of $**,**** is now eligible for an interest reduction option which is estimated to decrease your scheduled mortgage interest by $**,***.

This reduction option is currently available in the ***** ***  area and is part of a nationwide program created to help stabilize the housing market and increase homeowners equity, with no refinancing and no loan modification required.

A consumer analysis is available to those that receive this notice. This analysis is provided to confirm interest and term reduction eligibility.

Call now toll free 1-888-656-9964 for further information. As a part of this interest reduction service, please reference eligilbility ID: ********* when calling.



Smelled a rat and searched for the company name, which is only ACT. No other company description is available, and when I google ACT most of the results reflect government acts that have been passed. Apparently the phone number is new since a Google turned up nothing. Yet.

I received this letter today not so different from that of Lisa M.

This notice is to inform you of a $xx,xxx scheduled interest reduction option on your mortgage that funded through XXXXXXXX on xx/xx/xxxx in the amount of $xxx,xxx.

This reduction amount of $xx,xxx can be deducted from the scheduled interest displayed on your Federal Truth in Lending Statement under the "Total of Payments" section, which you signed at loan closing.

Based on city and county records, your loan meets the criteria for this reduction option with no refinancing and no loan modification required.

A consumer analysis is available to those that receive this notice. This analysis is etc. etc. etc.

Found this site and thought I'd post this since it gives an entirely different phone number to call than the letter that Lisa M got just last week.  Number given is 888-378-7345.

Yes I received this same letter yesterday, we are not as stupid as they think we are! POWER TO THE PEOPLE!

Thank you so much for typing up the letter you received and the new phone number. It's very useful for understanding how these scammers adapt their scam to changing conditions (the audit come-on must not be working well) and allows me to post a warning on the new number https://800notes.com/Phone.aspx/1-888-378-7345

Just got the same letter in the mail today (8-12-11).  Hillsborough, NC.  Phone number to call is 1-888-378-7345.

"ACT" supposedly located in Salt Lake Utah did not call, but I received a letter...
Also received a letter with a "property eligibility" reference code that informed me of a scheduled interest reduction.  It appeared they were operating under old information (i.e. Washington Mutual as lender???)
The letter states -in the small print-  that this is not an offer to refinance, does not constitute a refund or interest reduction, does not  modify your mortgage, nor are they associated in any way with the Government.  It includes a cryptic "Listing Expiration Date"  which is the missing "Gotta Act Now".  I assume it is a Pfishing scam?

No, phishing isn't likely, read my 30 May 2011 reply to scammenot at the top of page 1.
Re. ""property eligibility" reference code," if you call ACT, they will ask you for the code to quickly identify you on their PCs.
Re. "operating under old information," ACT shills say they get your info from court papers filed at the time you bought your home.

ACT wants you to buy their $49.95/month ACT Program which is software to pay off your mortgage early by making extra $payments to principal every month or every few months. They don't need to phish your info to steal your $money because they hope to convince you to call them up and buy the ACT Program voluntarily. That way, there is ZERO chance that you can EVER get a $refund once you start using the software and realize you can do what the ACT Program does for FREE.

By making early principal payments, you are paying off your mortgage early and you will pay less total interest over the life of the loan as a natural consequence. That's how the math equations on home/car/appliance/whatever loans play out -- the larger the loan payments, the sooner you make them, the shorter the loan and the less total interest the loan will cost you. If you want to reduce scheduled mortgage interest, you can do it yourself for FREE by simply paying additional principal payments yourself with every regular mortgage payment. I paid off a 15-year mortgage in 66 months and reduced scheduled interest by ~$60,000 without any ACT Program, any financial calculator, or any mortgage spreadsheet -- I just sent as much money as I could afford after expenses every month to my mortgage and my home was paid off in 66 months and I knocked off ~$60,000 in scheduled interest. Did it all by myself. Had the ACT Program been available then and I bought and used it, I would have had to pay 49.95*66=$3,296.70 to ACT -- that would have been SUPER DUMB because the smart thing to do would have been to send that $3,296.70 straight to my mortgage instead of ACT. See how useless the ACT Program is? It will cost you $thousands if you buy it -- $thousands that could have gone straight to your own pocket as home equity instead of ACT.

Beware that now may not be the best time to prepay mortgage principal with depressed home prices, ~1 million homes in foreclosure and more on the way. It may not be smart to tie up available cash in an illiquid asset (your home) in these very uncertain economic times. Does ACT caution you on this? Hell, no! ACT only wants your $49.95/month. Who cares if you tie up your free cash in your home and YOU LOSE YOUR JOB? Got any free cash then to pay your mortgage while looking for a new job? Is ACT going to help you with your mortgage payment while you look for a new job? Unless you have a *LOT* of free cash floating around, it is *NOT* a good time to prepay mortgage principal. Whatever you do, please don't buy the ACT Program.

Pardon the rant, I feel better now. Whew! <mops brow>

I got the same offer of between $1,500 to $7,800. I thought I smelled fish when I opened the envelope...

We got a letter as well...they are using a new number 888.378.7345.....hope they get a pay back from GOD