I came to this thread from http://800notes.com/Phone.aspx/1-866-259-0031/7 (if you don't see it on page 7, it may have been pushed down to page 8 or 9 by new reply posts) where poster Adam posted that 888-755-4890 is the number on his letter. This may be a mortgage-audit scam. They ask for $199 up front to find errors on your mortgage papers with refund if they don't find anything. Of course they will find SOMETHING and keep your $199. The analog I use is would you let me audit your roof with the same refund offer? I'm going to find a single loose shingle and keep your money. The money spent on the vast majority of roof audits is a waste since most roofs don't leak even with loose shingles. Ditto for mortgage audits. Also, your alleged "refund" is only what they *SAY* is your refund and *NOT* cash in your hand. Who decides if this is a legit refund? Them? Your lender? A third party? Who? What if your lender disputes it? Think your lender will pay up just because some stranger you paid $199 to says so? Your lender has a signed, legal mortgage note in hand and will fight you tooth and claw for any refund. You'll have to hire an attorney at $hundreds/hour with uncertain outcome for months/years.

The company is AED = Accelerated Equity & Development but doing business as ACT = Accelerated Cashflow Technologies.
BBB listing http://www.bbb.org/utah/business-reviews/fore ... per-ut-10061629 that states "Beginning in 2010, the BBB began receiving numerous inquiries from the public regarding a mass mail campaign conducted by Accelerated Equity & Development, Inc, also known as ACT. The BBB has contacted the company and requested information and possible modifications based on the BBB's Code of Advertising Guidelines. The company has been asked to address concerns about the solicitations' ambiguity, layout and results expected from service advertised. The company is currently working with the BBB to address these concerns."
AED is linked to United First Financial who sold the Money Merge Account http://en.wikipedia.org/wiki/United_First_Financial
AED/UFF has abandoned its MLM agents, sold exclusive marketing rights of the Money Merge Account to Market America (think acres of phone banks) and repackaged the $3,500 MMA as the $49.95/month "ACT Program." The MMA was sold as software to retire your mortgage early and to "save" hundreds of $thousands in mortgage interest, i.e., implied it was a financial gain to spend $3,500 to "save" hundreds of $thousands in mortgage interest. The repackaged "ACT Program" now "refunds" hundreds of $thousands of interest "overcharges" at $49.95/month *without* needing to hire an attorney at $hundreds/hour to get those "refunds." You can do the same for FREE by simply paying extra principal every time you pay your regular mortgage payment -- the more extra principal you pay, the earlier you pay it, the shorter the loan term will be and the less interest your mortgage will cost you. The MMA used the same principal-prepayment method but scammy-marketed it instead as proprietary software that achieved the "savings" without disclosing what the actual mechanism was.

The $199 mortgage audit is just to lure potential victims (that's you!) to call up and give ACT salesfolk a chance to sell you the ACT Program. The $49.95/month ACT Program is just a new name for the old $3,500 Money Merge Account that's been thoroughly debunked here http://www.fatwallet.com/forums/finance/741118/ with a Quick Summary on page 1. In reality, you will *LOSE* some $thousands if you buy the ACT Program. In fact, mikef07 states at the top of http://www.fatwallet.com/forums/finance/741118/?start=914 that "The results do show that by using the MMA software it would cost me $5070.29 extra" than doing it on his own and that was when the MMA was $3,500. The present value of $49.95/month for ~10 years (assumes you pay a 30-year mortgage in 10 years) at 1% APR compounded monthly (what savings accounts are giving) is ~$5,700 so the $3,500 price for the MMA has been sneakily increased to $5,700 today for the ACT Program. The $5,700 MMA-repackaged-as-ACT-Program means mikef07 will lose 5070.29-3500+5700=$7,270.29 today.  

The ACT Program falls into a category of scams where the product/service being sold actually works but is unnecessary, or you can achieve the same result with competing software at much lower $cost, or for FREE doing it yourself. If you knew all the ways and costs of achieving the same results, you would *NEVER* buy the ACT Program because you'd be paying big $$$ for something easy that you can do yourself for FREE. The scam is in the marketing using twisted language to obfuscate and confuse like "refunding" or "saving" future mortgage interest that has yet to be paid. "Saving" interest is a stupid concept often used in advertising to confuse consumers. The concept of "saving" interest is stupid because "saved" interest does not leave your pocket. What does leave your pocket is the actual interest you pay, i.e., the interest you get to deduct on your tax forms. "Saved" interest is just a number on paper and totally useless. If a $2 can of beans went on sale for $0.75 and advertised as "saving" you $1.25, you should only consider whether the can of beans is worth $0.75 and should ignore the $1.25 in "savings." Would you be happier if the can was priced at $5? If so, you'll be "saving" $4.25 though you'll be paying the same $0.75 for the same can of beans. Are you any richer by "saving" $4.25 instead of $1.25? Obviously not. The only money that left your pocket was the $0.75 for the can of beans, not $1.25 or $4.25, and the only important measure is whether the beans was worth the $0.75 that left your pocket, everything else is irrelevant.

FOLKS, DO NOT BUY ANY PROGRAM TO RETIRE YOUR MORTGAGE EARLY AND "REDUCE" OR "SAVE" OR BE "REFUNDED" MORTGAGE INTEREST --- YOU CAN DO THE SAME YOURSELF FOR FREE! FREE! FREE! I paid off a 15-year mortgage in 66 months and was "refunded" tens of $thousands in mortgage interest (ahhh, the language of scammers!), all by myself and without the $3,500 MMA (forerunner of the $5,700 ACT Program), a spreadsheet or a financial calculator. If I can, you can too, just pay extra principal along with your regular mortgage payment (to the extent possible given the size of your paycheck and other expenses) though it may not be wise to lock up your cash in an illiquid asset (your home) in this housing crisis with ~1 million foreclosed homes on the market and more on the way. Whatever you do -- *DON'T* buy the $5,700 ACT Program! What sense does it make to give $49.95 away every month for ~10 years to AED when that money could go to paying down the principal on your loan instead?

STAY FAR, FAR AWAY FROM AED, ACT, AND THE $5,700 ACT PROGRAM AND BEWARE OF SHILLS ON THIS THREAD.

Got a letter with this number.

Thank you for the detailed explanation. I somehow think it was a scam and now you have offered me the proof. Thanks again!

thank you for the post, i will "trash" this

Thanks for all the info!  I also received the same letter in the mail today.  You know what they say, if it looks too good to be true, it probably is.

THANKS FOR REASSURING OUR DECISION TO "TRASH" THIS LETTER FROM ACT - P.O. BOX 7088, SANDY, UTAH 84091-0788.  ALL YOU HAVE TO DO IS   R  E  A D   THE LETTER TO SEE THAT'S IT A BIG   S C A M  AND THERE IS NO EASY MONEY, EVER!!!!  WORDS LIKE "MAY HAVE BEEN OVERCHARGED" , "REFUNDS CAN RANGE" AND "MAY B E OWED A REFUND"  AND NO PHYSICAL ADDRESS AND CLEAR IDENTIFICATION OF THE SENDER, TURN ON THE LIGHT BULB THAT IT'S A BIG SCAN.  WAKE UP AMERICAN PEOPLE!

Same as mentioned earlier:

I got a letter in the mail with this number on it.  The only company info is on the right side of the letter "ACT".  The envelope has a PO BOX 788 Sandy, UT 84091-0788 address.  

?? Not professional at all ??  

It states to call them at that number for a possible refund from a mortgage.  

I Concur = FAKE spam junk mail

I got a letter in the mail with this number on it.  The only company info is on the right side of the letter "ACT".  The envelope has a PO BOX 788 Sandy, UT 84091-0788 address.  Not professional at all.  It states to call them at that number for a possible refund from a mortgage.  Yeah right with my luck....refund!  LOL