homeowners assistance program: DoD Homeowners Assistance Program Moves Another Military Family - 04/08/10 06:49 AM
Another Northern Virginia military family has gone to settlement with the assistance of the Department of Defense Homeowners Assistance Program (HAP).
When their home in the Port Potomac neighborhood in Prince William County went on the market we were less than 24 hours away from the second major snow storm in the Northern Virginia area. The buyer who knew the neighborhood viewed the on-line tour of the Port Potomac townhouse and wrote an offer without stepping in the front door. The deal was smooth from start to finish and the representative from HAP arrived at the closing table with the funds … (2 comments)
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homeowners assistance program: Springfield VA-Kings Park Detached Home Goes into the SOLD Column - 01/27/10 04:20 PM
This Kings Park remodeled King model situated on a quiet corner lot has gone into the SOLD column. The owners a terrific military family were able to use the USACE Homeowner Assistance Program (HAP) to assist them with the sale. They are already at their new duty station in Okinawa and we were able to coordinate all of the final required HAP paperwork electronically.If you are a military family and qualify for the USACE HAP program give me a call at 703-346-2213. With muliple HAP sales already closed in 2010 I have the experience you need put your home in … (3 comments)
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homeowners assistance program: The First Settlement of The Year in Lorton Virginia-A Special One - 01/07/10 03:40 PM
Each settlement we are involved in as real estate professionals means a new beginning for both sides of the transaction. The first settlement of 2010 in Lorton Virginia was special for a number of reasons. The fact that this one took a little extra time to happen is just one of the reasons this settlement was important to two families.
However the most important thing that makes this one stand out is that my clients are active duty military and the home was being sold under the guidelines of the Department of Defense Homeowners Assistance Program (HAP) set last fall. The … (8 comments)
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homeowners assistance program: Department of Defense Homeowners Assistance Program-The Checks Are in The Mail - 11/18/09 07:35 PM
After a long wait the checks are beginning to roll out for military families who qualify for assistance from the Department of Defense Homeowners Assistance Program (HAP).
Three weeks after the funds were made available the surviving spouse of a Fallen Warrior received her check. Then a check went out to an Air Force Major in Colorado and since then the checks have been rolling out on a regular basis. Each check issued means one of the thousands of military families impacted by the declining market value of their home comes one step closer to financial relief.
The expanded program has had a few holdups. First the funds … (7 comments)
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homeowners assistance program: Department of Defense Publishes HAP Guidelines for Military Families - 10/10/09 11:40 AM
After months of waiting the Department of Defense has published the guidelines for the processing of applications for military families who are eligible for the DoD Homeowners Assistance Program (HAP).
The guidelines provide for different processing rules for the three major categories:Wounded WarriorsSurviving SpousesActive Duty with PCS OrdersHomeowner Assistance Program Guidelines
If you have applied for relief under the HAP program make sure you check out the new guidelines and contact your counselor at the appropriate field office to make sure your file is in line for processing.
The biggest concern for homeowners is the tax consequences of the funding. Currently … (5 comments)
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homeowners assistance program: Department of Defense-Federal Registry Publishes Preliminary Homeowner Assistance Program Rules - 10/01/09 01:51 PM
Military families across the world have been anxiously awaiting the final rules proposals for the DoD Homeowners Assistance Program (HAP).
Waiting is always a struggle when you have your PCS orders in hand and need to sell your home. It is even worse in our current market when it often means that the value of your home is below the current market value.The expanded Department of Defense HAP program was designed to help military families in our current market and alleviate some of the financial burden. Yesterday the rules were published in the Federal Registry for final review and comments. This … (6 comments)
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homeowners assistance program: Military Relocation-Homeowner Assistance Program Might Help You - 05/13/09 09:43 AM
Military families stationed at Fort Belvoir, the Pentagon, Quantico and other Military District of Washington installations who purchased a home prior to July 1, 2006 may find that Homeowner Assistance Program (HAP) may offer some relief if you have upcoming PCS orders to move.This week I had the opportunity to start working with a family applying for HAP benefits. The official guidelines for the program are expecting to be released within the next 10-14 days and already the counselors for our area indicate they have over 1000 applications waiting. We have a listing agreement in place (one of the requirements) and as … (10 comments)
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