Faq

Frequently Asked Questions

1. How Does the Mortgage Recovery Program Work?

Answer: The program helps homeowners who have paid off their mortgage (through sale, refinance, or foreclosure) recover funds if their mortgage note was improperly traded or securitized after payoff. We use forensic audits, CUSIP tracking, and we use lawful practices to initiate administrative filings to identify and recover funds that may belong to you.

2. How Do I Qualify for the Program?

Answer: To qualify, you must have paid off a conventional, FHA, or VA mortgage within the past 29 years. You’ll need to provide: The property address and original note amount. Copies of driver’s licenses and Social Security cards for all parties listed on the note. We will obtain a certified copy of the deed on your behalf and conduct a preliminary review to determine if your loan was securitized and whether recovery is possible.

3. How Much Can I Expect to Recover?

Answer: On average, homeowners recover 25-30% of the original loan amount. For example, if your original mortgage was 300,000, you could recover approximately 75,000 to $90,000. However, the exact amount depends on factors like the loan type, securitization history, and legal outcomes.

4. Who Pays Me the Recovery Funds?

Answer: The funds are typically paid by the trustee, servicer, or investor who profited from the continued trading of your mortgage note after it was paid off. we notify the federal reserve that the funds are due for refund and recovery. We then file the appropriate administrative documents to initiate the transfer of the funds.

5. What Are the Fees for the Program?

Answer: The program involves an upfront fee $995 to reserve your spot, and the balance of $4500 due at the time the next round begins processing. These fees are to cover the cost of forensic audits, and administrative work.

6. How Long Does the Process Take?

Answer: The process can take 9-12 months on average, depending on the complexity of your data and how quickly the agencies respond. Some cases may resolve faster, while others could take longer if multiple mailing clarifications are required.

7. What Happens If My Loan Wasn’t Securitized?

Answer: If we determine that your loan was not securitized or traded after payoff, any upfront fees you paid may be refunded (depending on the terms of your agreement). You may also have the option to sponsor another client’s recovery or receive a full refund.

8. What Happens After I Receive the Recovery Funds?

Answer: Once you receive the funds, you can use them however you choose. Many clients reinvest a portion into business ventures, seller financing, or real estate to build long-term wealth. The rest can be used to pay off debt, build an emergency fund, or cover living expenses.

LEGAL FACTS

Why Does This Promissory Note Reconversion Process Work
‍Upon purchasing a home, a buyer actually acted as the investor and issued a promissory note backed by a mortgage, giving the bank an asset that’s traded and monetized/securitized for 15 or 30 years regardless of what happens to the property. The situation for 98% of promissory note issuers is that as an investor-issuer, we abandon our interests until claimed. We do a forensic accounting, due process implementation, lawful redemption and collection of what’s due to the original buyer/issuer/investor.
What Are The Risks For The Promissory Note Reconversion Process
‍There is a potential loss of time spent to initiate the paperwork (~2 hours). Since the process is lawful in nature and sanctioned by Congress, to the extent that even the paperwork involved has since been investigated and approved by a court of record and a judge, the legal risks are non-existent. Remember, this is simply a legal accounting request / claim to recoup otherwise abandoned assets, interests and funds. Our team of competent advisors have navigated actual litigation successfully for decades and identified a congressionally approved remedy that involves no courtrooms. The primary focus is to aid in the reconversion and recovery of security instruments known as “promissory notes”, which are secured by a deed of a trust-mortgage and placed into a security trust pool for monetization and in some cases used as a mortgage-backed security as an investment. Our efforts focus on the redemption and recovery of all legal and equitable assets connected with a promissory note. This is not a civil or legal action in court against anyone. This is purely a 3-phase private administrative process done at the county, state, and/or federal level if applicable over 6 to 9 months of time.
What Law Gives Banks The Ability To Turn A Promissory Note Into Cash
‍12 U.S. Code § 372 gives "lenders" the right to convert a promissory note into Federal Reserve Notes under the citation, "any Federal or State branch or agency of a foreign bank ... may accept drafts or bills of exchange drawn upon it". This law allows lenders to act as a middle-man to the transaction and be paid a fee for their services. Unfortunately, lenders charge more than this fee due to the fact that the contract at the closing table is not signed by the borrower on BOTH SIDES. If both sides were indorsed then the lender would be unable to pocket the funds for themselves by countersigning on one's behalf.
Who Sends The Mortgage Note Reconversion Check
The service provider for the loan sends the check, but not before recording it with the county as proof of the note being terminated. We will then receive the check and make payment from the dispersed funds to all relevant parties via Cashier's Check and/or Money Orders.
Who Is Doing This Mortgage Recovery Process
PWA and it’s affiliate Mortgage Recovery USA is bringing this process to the limited public, PAR is the legal recovery agent for the reconverted funds. HERA is the firm that works with the Federal Reserve to reconvert the notes into Federal Reserve Notes (cash) for us. This process costs us ~$5500 upfront to complete.
Can A Promissory Note Be Reconverted From A Defunct Company / Lender / Bank
Defunct companies created the note, but the Federal Reserve holds and trades on the promissory note itself. Until the Federal Reserve is dissolved, these notes are recoverable.
How Do I Find the Deed of Trust or Promissory Note
*** US Mortgage Recovery Does this for you for FREE*** Deeds are public records and are usually kept by the County Recorder's Office or Register of Deeds in the county where the property is located. Some places may have an online system, while others may require you to visit in person. You can check if your county has an online search system or visit them in person at the County Clerk's Office or Recorder's Office. Many counties have online databases where you can search your name for free or fora small fee.
What Is This 50% Refund Mentioned In The Master Agreement
The clause which mentions a 50% refund is in relation to PWA and H.E.R.A. This protects us due to all the money paid up-front to finance this process on a student's behalf. If the process fails, we get ALL of YOUR MONEY back but lose our half we put in for reconversion (not applicable for satisfactions).The student therefore has nothing to worry about.
How To Find the APN/ PIN/ AIN For Property
*** US Mortgage Recovery Does this for you for FREE*** The APN (Assessor's Parcel Number), PIN (Property Identification Number), or AIN (Assessor's Identification Number) is like a fingerprint for a property, used by the local government to track it. It is needed for things like paying property taxes, selling a home, or looking up detailed property information.
Mortgage Recovery or Satisfaction with a Name Change or Maiden Name
If someone obtains a mortgage under their "maiden name" and is later married or changes their name, we will need the marriage certificate, divorce decree/certificate, or name change documents proving these changes in order to recover or satisfy a mortgage.
How To Write "Last, First Middle Name" With 2 Last Names
To determine one's last name for Master Agreements, take the Driver's License and use the last name found (see LINE 1), even if multiple last names are found for the last name field.
Why Ask For Government Identification and Social Security Card Information
Technically, we can verify this information ourselves; however, this is merely ensuring there are no mistakes for the Master Agreements that will be signed. If the names found on both the government ID and the SSN Card are incorrect anywhere in the agreements, the entire process will need to began from STEP 1. Therefore, this information is collected immediately so that we can maintain a 99% success rate (e.g. most failures are due to incorrect information).
Are Markups or Notes or Changes Allowed for Agreements
No, these Mortgage Recovery Secrets forms are approved by a federal court judge for the actions granted in them. They cannot be changed or there is risk of the process failing. If a document is edited in any form outside filling in information and signing, guarantees will not apply.
Can We Sponsor / Refer Someone for Mortgage Recovery
Yes, anyone can refer another person, that they are not a part of the mortgage to, for 5% of the note’s total value. Alternatively, one can sponsor, where applicable, a person for an additional 5% of the note's total value.
How to Recover / Satisfy Properties Purchased Under LLC or Corporation Name
If a person's individual name is signing the mortgage documents, then that person can perform the recovery / satisfaction. It's not about it being under an LLC or Corporation, it's about who was listed by personal name and signed the documents.
Can People with a H-1B Visa Who Purchased A Home Use This
No, these people are not U.S. Citizens and do not have a Social Security Number (i.e. SSNs can be granted to a visa-holder, but one must have both). Therefore, they have no equitable rights to reclaim funds.
What If We Refinanced A Home Multiple Times
Every time a person refinances, the old mortgage is extinguished / satisfied by the new mortgage. If a person refinanced 10 times then they have 9 notes to recover (i.e. not the current mortgage).
Can A Person Recover A Note For A Spouse
If the mortgage papers were signed by multiple people, then all those same people are required for recovery. If even a single person does not give Limited Power of Attorney over for recovery, then we cannot recover the funds at all. In short, divorcees will need to work with their ex-spouse to enact recovery.
How Old Can The Mortgage Be
The mortgage must be less than 30years old, and truly 29.5 years or less because it takes at least6 months to reconvert the note before it is extinguished completely from both private and public records by The Federal Reserve.
Will Loan Modifications Count As A New Mortgage Loan
Unlike a refinance, a loan modification doesn't pay off the current mortgage and replace it with a new one. Instead, it directly changes the conditions of the loan.
Can a DSCR Loan Be Recovered
No. A DSCR loan is a type of non-QM loan or non-qualified mortgage loan. Only qualified mortgage loans can be recovered because a promissory note is issued and sent to the Federal Reserve.
Will The Promissory Note Reconversion Process Affect Our Current Loan
The promissory note(s) will be taken off the market and therefore extinguished. In short, one will obtain a satisfaction of the note when the money is received. This reconversion process for old promissory notes will not affect current-standing promissory notes.