I have recieved the same letter, thank you so much for the informatin.I never call

Just received the letter and it is VERY deceiving- THANK YOU, THANK YOU, THANK YOU!!

I recvd the letter yesterday I call 8888355808 THANK U GUYS

This may be a mortgage-audit scam. They ask for $149 up front ($199 has been reported elsewhere) to find errors on your mortgage papers with refund if they don't find anything. Of course they will find SOMETHING and keep your $149. 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 $149 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 contacts 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 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. Consumers continue to express concerns about the mailing - mainly regarding the fact that the company does not identify themselves completely (when they are asking for personal information consumers expect the company to provide their complete contact information and full name)."

AED's Utah business license https://secure.utah.gov/bes/action/details?entity=1429559-0142
No Utah business license exists for ACT (as far as I know). Anyone is welcome to search here https://secure.utah.gov/bes/action
Utah requires all businesses including DBAs to be registered http://corporations.utah.gov/pdf/buslicguide.pdf
"Who Must Register Their Business?
All businesses in Utah are required by law to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), corporation, limited liability company or limited partnership. Businesses are also required to obtain a business license from the city or county in which they are located."
Does the state of Utah even *know* that AED is Doing Business As ACT???

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 reduces tens to hundreds of $thousands of scheduled mortgage interest at $49.95/month. You can achieve the same results 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 $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 "reducing" or "saving" scheduled 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" SCHEDULED MORTGAGE INTEREST --- YOU CAN DO THE SAME YOURSELF FOR FREE! FREE! FREE! I paid off a 15-year mortgage in 66 months and had scheduled mortgage interest reduced by some tens of $thousands, 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.

8/17/2011 Thanks God for google! I googled the 888-835-5808 and what a scam...!!

thanks I put in trash

I searched on google for the return addresss on the envelope i received:
P.O. Box 788
Sandy, UT 84091

the search returned several listings...SCAM REPORT, RIP OFF REPORT,
BBB has 15 complaints listed for ACT. (Accelerated Equity & Development, Inc.)

Inside the envelope was a letter...
RE: MORTGAGE AUDIT
This notice... you may be owed a refund of several thousand dollars on your mortgage funded <date> in the amount of <$1xx.xxx>.

The information in the letter is available through public records. The scam alerts had comments from people indicating they were asked to call an 800 number, and then asked for a $149 fee to "research" ... Do not information to people who solicit you.
Be smart. Do a google search yourself before even thinking of calling.
I intend to throw my letter from "ACT" away.

Received the letter today 8/16/2011 no return address or name and knew it was kinda weird but my mother said her freind had received a refund so i was a little curious but the only information i had was the phone number to google and thanks to everyone for the warning!

Got a sketchy letter today with the ACT on it an dno address. Shredded it :)

Received same letter.  Was skeptical.  Thanks for the warning!!!!

Yep got the same letter.  Thanks for all the posts.  Saved me some headaches.

Got the same letter and told my wife too good to be true. Had to look on internet and walla!  Just knew it was a scam.

Thank you all!  Received letter yesterday.

When in doubt, Google it out.
Glad I did.
This site is smart and I appreciate it.

I got the same letter today ACT with date of mortgage and amount saying I may be due a refund.  I knew I would find SCAM in the same sentence with ACT.

Thanks for the post's guys.. probably saved me some headaches.... Thanks again!!

Yup, got the letter too, did some research figuring it was a scam an sure enough, reading other posts, thanks for the extra info.

Thank you for posting..I just received this letter over the weekend and although it sounds crazy...several thousand dollars (refund) in today's tough times.  I was a bit curious b/c they used my maiden name.  Well, again thanks for posting and saving me a phone call and the aggrivation of scam.  

Sincerely,
Orlando, FL

Same letter rec'd

Got my letter today.  After reading many posts, decided to toss it!

From that $199 price, it smells like the scammers who used to pull the "preforeclosed property" con are trying a new scam.

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 Alex posted that 888-835-5808 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 contacts 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 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. Consumers continue to express concerns about the mailing - mainly regarding the fact that the company does not identify themselves completely (when they are asking for personal information consumers expect the company to provide their complete contact information and full name)."

AED's Utah business license https://secure.utah.gov/bes/action/details?entity=1429559-0142
No Utah business license exists for ACT (as far as I know). Anyone is welcome to search here https://secure.utah.gov/bes/action
Utah requires all businesses including DBAs to be registered http://corporations.utah.gov/pdf/buslicguide.pdf
"Who Must Register Their Business?
All businesses in Utah are required by law to register with the Utah Department of Commerce either as a "DBA" (Doing Business As), corporation, limited liability company or limited partnership. Businesses are also required to obtain a business license from the city or county in which they are located."
Does the state of Utah even *know* that AED is Doing Business As ACT???

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.

Thanks got the same letter today

I received a letter with this phone number on it telling me I may be owed a refund of several thousand dollars on my mortgage. Blah, blah, blah. I called them to find out what the company name was and found out they were Accelerated Equity & Development. The letter only stated it was from ACT. This is a scam and if you look up their name will find all kinds of information about them. These people make me sick!!!!! I hope this information will help at least one person not pay the $199 that they want from you to do a bogus mortgage audit.