Are you a U.S. military service member at Eglin Air Force Base who has been relocated by the government to a new base? Do you have to do a short sale? Is your lender Chase? If so, you may not get any special consideration, despite PCS (permanent change of station) orders. I am currently in negotiations with Wells Fargo and Chase, as junior lien holder, for a Fort Walton Beach Florida short sale. The Eglin Air Force Base seller was transferred, or PCSd (permanent change of station), to a new base and had to sell his home. Of course, he was … (2 comments)
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)
eglin short sales: Eglin AFB and Hurlburt Field: Homeowners Assistance Program (HAP) for Short Sales
- 03/22/09 07:14 AM
Due to the draw-down of the 33rd Fighter Wing at the Eglin AFB complex, approximately 2000 airmen are being relocated from the Emerald Coast of Florida to other air force bases around the country and world. In addition, about 1000 personnel from Hurlburt Field are moving to Cannon AFB in Clovis, New Mexico. Unfortunately, airmen in the Fort Walton Beach, Crestview, Navarre, Niceville and Destin areas of Florida are facing the same predicament as most Americans. Many have mortgage balances that are more than the market value of their homes. Typically, when faced with a forced military move, and such choices as to … (3 comments)
eglin short sales: Military Members Need Immediate Correction to American Recovery and Reinvestment Act
- 02/26/09 01:32 PM
I am privileged to represent Major Jason M. Trew, a pilot with the United States Air Force, as a real estate client. Major Trew is stationed at Eglin Air Force Base. I have Major Trew's home listed for sale in Freeport Florida because he is being required to relocate by the Air Force to a new base. Like many others in the military, his property value has declined to an amount lower than his mortgage balance. Major Trew is not a property flipper nor a speculator. He earnestly relocated to the Emerald Coast of Florida for the military, as directed by the United States government, and … (8 comments)
eglin short sales: Bank That's Never Done a Short Sale
- 04/07/08 10:20 AM
Much of my Emerald Coast real estate market is both resort and military. There are at least three air force bases in the Destin-Fort Walton Beach area, so I do a lot of real estate business with military members. One of my Mary Esther Short Sale sellers used a local air force credit union, Eglin Federal Credit Union, for his second mortgage/home equity line. Well, I almost fell off my chair today when I found out I was the "FIRST" request they have ever had for a Short Sale. I have since learned they will NOT do short sales. I was making my standard call to notify the first … (5 comments)
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