Did you have an Eglin Air Force Base HAP sale in the past few years? If so, be aware that they are auditing files and you might actually receive a bill if they claim you were overpaid. One of my Fort Walton Beach HAP sellers received just such a letter with a bill for almost $5000. They claim he was accidentally overpaid for his sale over two years ago. The letter mentioned he might be "suprised".
If you do receive a bill for overpayment from HAP, you may be offered options, as outlined below:
1. Instead of paying HAP back in a lump sum, you may be able to get a Voluntary Repayment Agreement, i.e. pay HAP back in installments
2. You can ask for and obtain copies of your HAP records
3. You can request the U.S. Army Corps of Engineers re-examine your HAP records to make sure your bill is valid
4. You can ask for an administrative hearing to review your case
5. You can request a waiver or forgiveness of the bill
I suggested that my HAP seller contact the HAP Chief, an accountant or tax attorney or consider getting legal aid on base. If you have had a similar experience with HAP, comment below.
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
Wendy Rulnick, Broker, is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". She has successfully helped hundreds of families avoid foreclosure through short sale along the Emerald Coast of Florida. Wendy Rulnick is knowledgeable in all aspects of short sale, including VA Compromise Sale, FHA HUD pre-foreclosure sale, HAP military PCS, HAFA, Bank of America Coop program and more. She is also co-founder of www.ShortSaleSuperstars.com and short sale instructor to agents across the United States. Wendy Rulnick sells real estate in Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Panama City Beach, Eglin AFB, Hurlburt Field.
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