The Homeowners Assistance Program (HAP) for military members is officially accepting applications. There are a lot of military in the Norfolk area who bought homes in the last few years and have orders out of the area. As we know from news reports this can be a disaster for the military person on Permanent Change of Station (PCS) orders. Many bought when the price was high and now are forced to sell when the price is low.
I am here to let you know that there is help. The Department of Defense (DOD) has finally come out with the final guidelines for the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. The program is authorized by law, and administered by the US Army Corps of Engineers (USACE) to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement.
That program has been modified by The American Recovery and Reinvestment Act of 2009 (ARRA) which temporarily expands the HAP to assist service members and DOD employees who are wounded, injured or become ill when deployed, surviving spouses of service members or DOD employees killed or died of wounds while deployed, service member and civilian employees assigned to BRAC 05 organizations, and service members required to permanently relocate during the home mortgage crisis.
If you are in this situation or think you might be in this situation, give me a call. Who knows better how to help the military person than a 21 year veteran.
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