A decade ago, the mortgage industry imploded.
… The 2008 housing crisis was one of the biggest economic disasters in American history.
Almost overnight, many folks saw their retirements cut in half… 8.8 million people lost their jobs… and nearly 10 million Americans would lose their homes.
It also led to the biggest market collapse since the Great Depression.
All told, Americans lost $22 trillion in wealth.
Of course, there were many reasons why this tragedy happened.
But there’s no denying Fannie Mae and Freddie Mac were at the heart of it.
And as this unfolded, Washington did something totally unprecedented.
In a stunning emergency measure, they wrote a $191 BILLION check with YOUR tax dollars…
It was an enormous amount of money.
And it brought the two agencies under government control.
Ever since, members of Congress have been fighting to get this money BACK to hard-working taxpayers like you.
Yet the solution was in front of their faces all along… an obscure provision inside U.S. Public Law 99-514.
The U.S. government just used an obscure part of Public Law 99-514 to open up a $72 billion pool of money.
The law itself was one of U.S. President Ronald Reagan’s far-reaching tax overhauls to make the mortgage system simpler and fairer. At least, back then, that’s the part most Americans knew about.
Squeezed into Title VI of this law was the legal framework for a simple tax election that’s been overlooked for decades.
In fact, it was almost forgotten about until it was used to initiate the “Mortgage Reimbursement Checks.”
At this moment, Americans over the age of 18 can collect their own “Mortgage Reimbursement Checks.”
And you can too.
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