Public Mediation

Snap Lending Refund

R. B. vs. Snap Lending Llc - Snaputah.Com
4525 S Wasatch Blvd Ste 125, Salt Lake City, Utah, 84124-4216, United States
Amount Involved: $1,356.20
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Statement of Claim
Claimant says:
"We tried to go through the Better Business Bureau, but they won't respond. We are going to try any legal means possible to get our refund. We based our decision on their professional advice, which was faulty. We have e-mails telling us what steps to take to get our refund. All which are false. They are professionals and need to be responsible. The "I'm sorry, we were unaware." doesn't cut it for a professional business. Here is a copy of the e-mails. We received the e-mail from Joshua Scoville


How are refunds processed?


Your mortgage company notifies HUD of the termination of the FHA mortgage insurance for your loan.


If you are eligible for a refund, HUD will either request that the Department of the Treasury (Treasury) issue a check directly to you or send you an Application for Premium Refund or Distributive Share Payment (form HUD-27050-B) so that you can provide HUD with additional information about your case.


If you receive a form HUD-27050-B, please read and complete the application carefully, sign it, have it notarized, and return it to HUD along with proof that you were the owner of the property at the time that the insurance was terminated.


After HUD receives your completed form HUD-27050-B and the necessary supporting documentation, this information will be carefully reviewed. Upon completion of this review, HUD will either request that Treasury issue a check directly to you or request additional information from you.


How to follow-up:

If you do not receive a check or an application within 45 days after you have paid off your loan, check with your mortgage company to confirm that they have sent HUD a request to terminate the mortgage insurance on your loan. If they confirm that the correct termination information was sent, contact HUD. If you do not receive a refund or any other documentation from HUD within 120 days after the date you mailed your application, contact HUD immediately.

How to contact HUD:

Phone: (800) 697-6967, 8:30 a.m. to 8:30 p.m. Eastern Standard Time, Monday through Friday.





Joshua Scoville

Snap Lending, LLC

(C) 801.502.6842

(O) 801.300.4100

(F) 801.300.4101



"
Reply Have a similar problem?
What Claimant Wants Hide
Non-Cash
What By When How Much
1. As for taking off the negative feedback, I will not do that. They are all true statements. Consumers need to know that when Snap Lending misinforms the consumer they will not correct their mistakes, they just blame others. It is interesting that Snap Lending chose only a portion of my letter to report. The rest of the letter state that I intend no harm I just want my money back and that is why I will take the negative statements off when they correct it. Yes I mentioned other steps that I will take but that is not a threat. It is just to show them that I am informed as to what I as a consumer can to do protect myself and others May 24, 2011 N/A
Cash
1. We agree that the interest and loan numbers didn't change. That is not what this is about. The changes in numbers I was referring to was the fact that Snap Lending said that we would get our UFMIP back as a refund. It was the bottom line numbers they showed us which included the refund that changed. They sent us official looking emails on what steps to take to receive it. How are we supose to take that up with HUD? HUD never said that we were going to get it. How is HUD responsible for that? Why would HUD be responsible for a program that ended two years previous just because Snap Lending said it still existed? Snap Lending even stated in their response "Both Snap Lending and the title closing agent specified at close that the refund is the responsibility of HUD and quite simply between the borrower and HUD." I disagree with that, but even if I did agree the point is that Snap Lending told us there was a refund because we would get our UFMPI back and THERE WAS NO REFUND! Not even one little penny. Why would Snap Lending tell us that at closing if there wasn't any refund at all, which they would have know had they been up to date in their facts. It is because they thought there was a refund and they didn't know what they were talking about. Yes, our compliant was over a month later, but Snap Lending told us it would take 6 weeks to go through the process. Why would we complain before that time? As for our personal responsibiliity, we went to professionals, or so we thought. We talked to Snap Lending over and over. When we were going to back out and not refinance, their whole selling point was the refund we would get. We are the ones that had to let Snap Lending know that the HUD program of refunding the UFMIP was no longer a valid program when the steps they told us to take didn't work. They are in the business of refinancing loans and they didn't know. As for the checks, of course we cashed them. They owed us the money now we want the rest. May 24, 2011 $1,356.20
Cash total : $1,356.20
Non-cash: 1 items
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Respondent's Counteroffer Hide
The claimant's settlement terms were rejected with no explanation. This claim will remain posted until resolved.
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Offer History
May 09, 2011
Claimant's Terms of Settlement to Snap Lending LLC - SnapUtah.com
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