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eglin afb hap: Selling Fast is OK for HAP Homes Near Eglin Air Force Base - 05/29/12 11:48 AM
This home in Vesta Heights, Fort Walton Beach Florida, has been approved for HAP sale. The property went under contract just three days after going on the market! HAP approved the contract and replaced it with their own 11 weeks later.
Things to know:
1. Even though the HAP (Homeowners Assistance Program for U.S. military) website says your home should be marketed for 120 days, the fact is, HAP really cares that you get "fair market value" (or 90% thereof). In this case, it was fortunate that the buyer happened to be looking for a home near Eglin Air Force Base and this exact match … (2 comments)
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eglin afb hap: Eglin Air Force Base HAP Private Sales with No Mortgage? - 05/22/12 08:05 AM
Did you know you don’t have to be “upside down” in your mortgage to use the HAP program? That’s right! Military members who PCS’d from Eglin Air Force Base, Hurlburt Field, Duke Field or Whiting Field should know their options! Most people think HAP is only used to avoid short sale or foreclosure when the airman, marine or army member is PSC’d (Permanent Change of Station) and must sell. This is not the case. I’ll explain that in a moment, but first, here is a review of the basic criteria to use HAP. 1. The home was the primary residence at … (2 comments)
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eglin afb hap: HAP Private Sale - Silver Oaks, Crestview, Florida - Just Sold - 08/31/10 05:17 PM
This beautiful home on Shire Lane in Silver Oaks, Crestview Florida just sold. The home had impeccable upkeep. It was 2751 square feet, four bedrooms, two full baths and two car garage. The landscaping was outstanding. The sale price was $218,000.This home sold as an Eglin Air Force Base HAP Private Sale. HAP (Homeowners Assistance Program) is a program which assists U.S. military service members relocating to new bases, called PCS (permanent change of station). In these cases, the service member's mortgage exceeds the market value due to home values declining. Under certain circumstances, HAP will cover the mortgage loss. With a HAP Private Sale, the government reimburses … (5 comments)
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eglin afb hap: HAP Approves Another Crestview Florida PCS Sale - 08/17/10 09:50 AM
The military's Homeowner Assistance Program is getting speedier all the time! I just had another HAP contract approved, this time for a Crestview Florida home sale in the Redstone subdivision. The sellers were PCSing from Eglin Air Force Base more than 50 miles away. They purchased their home prior to July 2006, their property value had declined at least 10% and they met other HAP requirements. Primarily, they owed more on their mortgage than the property was worth.
That's where HAP comes in to help our military service members. HAP will pay the mortgage shortfall at closing to assist the service … (5 comments)
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eglin afb hap: How To Buy An Eglin AFB or Hurlburt Field HAP Home - 07/19/10 04:03 PM
If you are buying a home around Eglin Air Force Base or Hurlburt Field, you may want to know about HAP properties. HAP stands for Homeowner Assistance Program, and it is designed to help military service members sell homes with upside-down mortgages.
For example, if you are looking at a Crestview Florida home where the military seller owes $250,000 on the mortgage, and the home is only worth $150,000 (very common), this might be a scenario where HAP could help. If the seller qualifies, HAP will cover his mortgage loss at time of sale, and allow you to buy it … (3 comments)
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eglin afb hap: HAP PCS – Eglin AFB and Hurlburt Field - 6 Things You Need To Know - 02/22/10 05:11 PM
By now most Eglin Air Force Base and Hurlburt Field airmen are aware of the Homeowner Assistance Program (HAP). HAP has been expanded to help service members pay off much of their mortgage loss when PCSing to a new base and the value of their property has dropped below its mortgage balance. By using HAP the service member may avoid a short sale. There are many rumors floating around about HAP. I had the good fortune of speaking at length to the regional representative who covers the U.S. Army Corps of Engineers Savannah District. Savannah District services the military … (7 comments)
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eglin afb hap: Eglin AFB and Hurlburt Field PCS - HAP Helps You Avoid Foreclosure - 01/20/10 07:09 PM
Are you an Eglin AFB or Hurlburt Field airman PCSing soon? If you own a home, have to sell, and owe more than your property is worth, there may be help available so you can avoid a foreclosure or even a short sale. The U.S. military Homeowner Assistance Program (HAP) may help you by covering most of the loss to your mortgage holder.These are the basic qualifications for HAP:
1. You must be PCSing more than 50 miles2. You purchased your home or entered into a contract to buy it before July 1, 20063. It was your primary residence (not … (13 comments)
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Wendy Rulnick "Its Wendy!" Destin FL Short Sales
Destin,
FL
More about me…
Rulnick Realty, Inc.
Address: 12889 Emerald Coast Pkwy West, Ste. 107-A, Destin, FL, 32550
Office Phone: (877) 487-9639 x 204
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