You May be Owed Money After Your Foreclosure!!
What if you could get up to 90% cash back on almost any property you lost to foreclosure in the last three years? If you
were in foreclosure and was forced to do a short sale, this may work too, see the last paragraph in this article for more
information.
This is a personal letter, for I am using this process to claim my rebate of nearly $250,000 on
my home that was foreclosed three years ago. The real estate crash, perpetrated by the bank,
really hit me hard. At the end of this letter will be a link to the website that
explains this in detail. This link will take you outside this site and open a new
window.
I had been looking for a way to challenge the bank that foreclosed on me. From all that I have learned in the past few years, the banks
are foreclosing in a manner that is laden with fraud. While I do believe the banks are the root of this real estate crash, I, also,
believe that people did over spend on homes and left them in a precarious situation. We have banks that are profiting from our mistakes
and people conned into buying homes they could not afford. While this loophole I found is not really putting it to the banks, but taking
advantage of a trick the bank use, it is still some satisfaction that I can recover some of the money I lost.
The first step I had to do with this process is find the 1099A the bank filed with the IRS. They do not send you the 1099A copy that is
yours. To start this process, I went to my local IRS office and had them print the "Wage and Income Transcript" for the year of the
foreclosure. Sure enough, there was the 1099A on the form.
Now, I had to find a contact number for the bank listed on the 1099A. That proved to be challenging, since the bank listed did not have
a contact number of any kind listed. But, during my search, I notice another bank at the same address. I went back to my tax
records for the year of the foreclosure and found the bank that I had been making payments to. This bank also had the same address.
Yes, Google became my best friend. In searching for my original bank at the time of foreclosure, I found out that the bank current
residing at that address was the one that acquired all the mortgages from the defunct bank that was mine at the time of the foreclosure.
I called the bank and told them I needed a copy of the 1099A for simple completion of my documentation with the IRS. I gave them
the account number for the original document listed on the "Wage and Income Transcript" report. They started the search for my
account in the archives, which came up empty. Then search current records and found my account. I then was told to call back in a
couple of days, the person I was talking to was not sure they were allowed to send the copy.
I called the bank back in two days and they stated the 1099A was mailed to me the day before. A couple of days later, as stated, the 1099A was
in my mail box.
Now, the next step is to file the claim with the IRS. I am in the process of doing that as I write the letter.
I will follow up with my progress in a few weeks. If you decided you want to attempt to get your
rebate, please let me know. You can simply go to the
home page
and, at the bottom is a form to contact me. I will be more than happy to get you started. Use your back page button to return this this
page.
Also, I want to mention that if you were in foreclosure and was forced to sell your home via a short sale, this may work for you too. Simply
pull your "Wage and Income Transcript" report, either online or from your local IRS office. If you have a 1099A for the property
that was a short sale, you may be able to recover the abandoned funds.
To learn more visit:
Recover cash after your foreclosure
If you know people who have been foreclosed on in the last three years, you could earn some money
helping them recover money that may be owed to them. Check out the affiliate page while at the
site above. Remember, this link takes to a site outside of this site and opens a new
window.
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