HAP – Homeowners’ Assistance Program is Working in Seattle and Tacoma, Military Members Getting Help and Receiving HAP Benefit Checks

HAP – Homeowners’ Assistance Program is Working in Seattle and Tacoma, Military Members Getting Help and Receiving HAP Benefit Checks

I have successfully closed 11 HAP transactions in the last 9 months in the Seattle and Tacoma area.   HAP is writing checks and Miltary Members are receiving this great benefit.

It’s interesting that each sale begins the same way.  First off the selling agent, the agent representing the buyer, calls me and asks what is this Homeowners’ Assistance Program, and that they’ve never heard of it.   I have only had one agent call me on a listing that had even heard of the HAP program.  So regardless of if I was selling in the Seattle and Tacoma area or anywhere else my response is this.

The Homeowners Assistance Program or HAP is a Military Program handled by the Department of Defense and the Army Corps of Engineers.  It is designed to help Military Members who have received orders to move, and are upside down in their mortgages.  The two most common benefit scenarios are Government Acquisition where the home is purchased by the Military, and sold to your buyer, which takes about 6 months.  Then there’s Private Sale Mortgage Augmentation where the Military Member comes up with some money, but HAP sends a check to escrow for the difference.  This Homeowners’ Assistance Program benefit scenario takes about 60 days for the check to arrive.

This is NOT a short sale.  The buyer secures the property, and doesn’t have to worry that the bank will say no.   HAP has approved the Military Member, however to complete the whole process and offer needs to be received.  The last part of the approval process that happens is that The Homeowners’ Assistance Program approves the price.  They don’t want to write a check on a property that’s been sold for less than market value.  My expertise in the Seattle and Tacoma area along with HAP will prevent this.

So I am here to tell you:

The HAP – Homeowners’ Assistance Program is Working in Seattle and Tacoma, Military Members Getting Help and Receiving HAP Benefit Checks.

Here is a copy of a HAP – Homeowner’s Assistance Program Benefit Check.

Even if you’re not selling in Seattle Tacoma area, and I can’t meet with you in person I’d be happy to find an agent for you that knows the HAP Program, near you.  CALL ME 206-910-0200 or email john@johnmcameron.com.

SOME USEFUL LINKS:

HAP: Homeowners’ Assistance Program Main Website

Summary of the HAP Program

Military HAP Benefits Application

Military DoD HAP Program - Benefits Ft.Lewis, McChord, PSNS, Bangor Relocations

HAP : Homeowners’ Assistance Program  - Aid for the Distressed Military Home Seller

Military HAP Benefits – The HAP Program, Homeowners Assistance Program Statistics