dod hap pentagon: Don't Let Changes To The DoD Homeowners Assistance Program Take You By Surprise
- 03/05/12 08:40 AM
This information was originally posted on my Word Press Blog VaRealEstatetalk.com however it's important to get DoD Homeowners Assistance Program changes in front of as many eyeballs as possible. Over the past few years the DoD Homeowners Assistance Program has helped thousands of service members sell their underwater homes. The program has morphed and changed a number of times since it was first implemented. The latest change is a big one and service members who own homes in Northern Virginia need to be aware of the impact. Previously the DoD HAP program offered 3 options for home sellers. The most widely … (10 comments)
dod hap pentagon: A DoD HAP Sale Is NOT A Short Sale
- 02/28/12 11:09 PM
Let me repeat that. The Department of Defense Homeowners Assistance Program sale is NOT a short sale.The only common denominator between the two is that the homeowner is upside down on their mortgage. An active duty servicemember who meets the qualifications for HAP does not interact with their lender in any way regarding the sale of their home. They do not have to provide to their lender or the United States Army Corps of Engineers, who administers the program, anything that resembles a short sale package. They do not have to prove a "financial hardship" to sell their home using HAP. … (14 comments)
dod hap pentagon: Inspector General's Report on the DoD Homeowners Assistance Program
- 01/08/12 10:38 AM
As an agent who has had the privilege of successfully completing 35 Northern Virginia Department of Defense HAP sales, keeping up with all of the latest information is a daily challenge. Talking with other agents across the country who also have been working with the HAP program we shared our concerns about the program and some of the inconsistencies we've experienced between each of the offices processing DoD HAP files. Files for our area are processed by the United States Army Corps of Engineers (USACE) in Savannah GA. In case you were wondering how the HAP program originally got funding here … (6 comments)
dod hap pentagon: Woodbridge Military Families-Check Out The Latest Information on DoD HAP Benefits
- 12/26/11 11:55 AM
As an agent who has had the privilege of successfully completing 35 Department of Defense HAP sales in Northern Virginia, including in the neighborhoods of Dumfries, Springfield and Woodbridge, keeping up with all of the latest information is a requirement to provide accurate information to potential beneficiaries. Wondering how the DoD HAP program originally was funded? The American Recovery and Reinvestment Act of 2009 allocated $555 million and the National Defense Authorization Act of 2010 authorized an additional $300 million for the Expanded Homeowners Assistance Program (HAP). Over the last two years I've spent a good deal of time tracking changes … (16 comments)
dod hap pentagon: Dumfries VA Military Family Gets A Treat For Halloween
- 10/28/11 11:51 AM
For a military family with PCS orders in a turbulent real estate market the options of what to do with an underwater home can be stressful. For the family of this home in the Southbridge neighborhood of Dumfries VA they discovered they were eligible for the Department of Defense of Homeowners Assistance Program (DoD HAP.) Today they went to closing and to make the sale even better was they buyer was also active duty military stationed at Fort Belvoir. Since the DoD HAP program was funded in the fall of 2009 I've had the good fortunate to assist 33 Northern Virginia … (16 comments)
dod hap pentagon: DoD HAP Benefits-Did You Rent Your Home When You Left Northern Virginia?
- 07/31/11 04:37 AM
My phone is still ringing with questions coming from military families about eligibility for theDepartment of Defense Homeowners Assistance Program (HAP). Last week I had two phone calls from families outside the area who had PCS orders in 2009 with leases expiring in the next few months of 2011. I put together this quick video last year for other Northern Virginia (or former Northern Virginia) military families who might have the same question about DoD HAP benefits.
In addition to this video here are a few other posts I've written about the Department of Defense Homeowners Assistance Program( HAP) … (6 comments)
dod hap pentagon: Military Families-Tell Your Story To Congress NOW!
- 04/14/11 04:50 AM
Are you a military family who has been impacted by the loss of value of your home? Have you gotten orders and been faced with the decision to rent at a significant loss or face a short sale to alleviate your financial burden? Now is your chance to let Congres know. The House Armed Services Committee (HASC) is looking for your story to add support to HR 237 to allow for the extension of the current cutoff dates for the Department of Defense Homeowners Assistance Program (HAP). With funds dwindling and more families facing tough financial implications make your voices heard. … (4 comments)
dod hap pentagon: It Might Be April Fool's Day But This Manassas DoD HAP Closing Is No Joke
- 04/01/11 10:12 AM
Today another lucky military family went to settlement using Department of Defense Homeowners Assistance benefits. Though by now I'm used to the routine of HAP sales and some of the bumps along the road this one falls into the WOW category. Not because of any issues but because from the day of contract ratification to closing was 49 days. Yep that's right 49 days. With all of my DoD HAP listings I make sure that the owners have all of the paperwork together and submitted prior to putting the house on the market. This gives them a file number and a … (18 comments)
dod hap pentagon: A Military Family Speaks Out About The Restrictions On DoD HAP Benefits
- 02/26/11 01:20 AM
Over the last few months I've had the privilege to speak with Lt. Col Meredith, featured in this video, about the time-frame restrictions on the current Department of Defense Homeowners Assistance Benefits. Currently the program allows for home purchases or ratified contracts prior to July 1, 2006.Last year, for example I had two homes in the Port Potomac neighborhood of Prince William County to sell for military families. One family closed before July 1, 2006 and the other closed on July 22, 2006. One used DoD HAP benefits to sell their home. The other had to do a short sale and … (5 comments)
dod hap pentagon: Military Families-Did You Rent Your Northern Virginia Home When You Left Town?
- 01/20/11 11:44 PM
My phone continues to ring and questions hit my email from military families about eligibility for the Department of Defense Homeowners Assistance Program (HAP). One of the pressing questions recently has been about whether if a home was rented would it still qualify as a principal residence. The answer is YES. I have two new listings coming on the market next week from families who rented their homes before the DoD HAP benefits were fully approved. I put together this quick video for other Northern Virginia (or former Northern Virginia) military families who might have the same question about DoD … (12 comments)
dod hap pentagon: H.R. 237-A Bill To Amend the DoD Homeowners Assistance Bill Introduced in Congress
- 01/08/11 11:36 AM
As must of you know who read my posts I've had the good fortune to work with a number of military families in the Northern Virginia area who are eligible for the Department of Defense Homeonwers Assistance Program (HAP). The HAP program helps military families who are upside down on their mortgage get relief by covering between 90-95% of the difference between current market value and their original purchase price.This week Rep Gerald Connley (D-VA) introduced a bill to amend the current HAP program to allow the Secretary of Defense flexibility regarding the start date for eligible home purchases. Currently the … (2 comments)
dod hap pentagon: Restless At Scott AFB-Answering An Email Question From A Concerned Military Family
- 01/06/11 09:18 AM
The Department of Defense Homeowners Assistance Program (HAP) is a wonderful program for military families dealing with selling their homes in a declining Northern Virginia market. Though the deadline for PCS orders was September 30, 2010 there are still a number of families who are eligible for the program, especially those who rented their homes out instead of attempting a short sale.Yesterday I received an email regarding the upper price limit for benefits under the HAP program. I thought I'd provide a quick video answer to the question. If you are a military family with property in the Northern … (8 comments)
dod hap pentagon: DoD Homeowners Assistance Program-Did You Rent Your Home When You Left Northern Virginia?
- 12/20/10 12:22 PM
My phone is still ringing and questions coming from military families about eligibility for the Department of Defense Homeowners Assistance Program (HAP). Last week I had three phone calls from families outside the area who had PCS orders in 2008 an 2009 with leases expiring this spring. I put together this quick video for other Northern Virginia (or former Northern Virginia) military families who might have the same question about DoD HAP benefits.
In addition to this video here are a few other posts I've written about the Department of Defense Homeowners Assistance Program( HAP) and homes … (14 comments)
dod hap pentagon: Short Sales And the Department of Defense Homeowners Assistance Program (HAP)
- 11/17/10 09:16 AM
Among the questions I get from military families on the DoD Homeowners Assistance Program (HAP) is why won't DoD pay me directly for the money I lost on a short sale ? First to clarify. Why would an active duty military member undertaken a short sale instead of using the DoD HAP program in the first place? The final approval for the DoD HAP program did not happen until Fall 2009. Prior to then active duty military families, wounded warriors, surviving spouses and mandatory retirees had to complete a short sale or rent out their home in order to … (15 comments)
dod hap pentagon: Northern Virginia Military Families-You Might Still Be Eligible For the DoD Homeowners Assistance Program
- 11/06/10 07:09 AM
My phone is still ringing and questions come into my blog post about eligibility for the Department of Defense Homeowners Assistance Program (HAP). This week I had two phone calls from servicemen currently serving our country in the Middle East. I put together this quick video for other Northern Virginia (or former Northern Virginia) military families who might have the same question about DoD HAP benefits.
… (20 comments)
Related Links:
Cindy Jones
Pentagon, Fort Belvoir & Quantico Real Estate News
This information was originally posted on my Word Press Blog VaRealEstatetalk.com however it's important to get DoD Homeowners Assistance Program changes in front of as many eyeballs as possible.
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