dod hap: Woodbridge VA SOLD-Another Successful Potomac Club Sale
- 06/09/12 12:04 AM
This 3 level townhouse in the Potomac Club neighborhood was on the market less than 24 hours before we had an offer. The buyers had been looking in the neighborhood for awhile and this end unit caught their eye right away.The owners were a military family who did not qualify for DoD HAP. I first meet the owner on line in a group working to extend the DoD HAP benefits. He was featured on Fox News and included in another blog post "Military Member Speaks Out On HAP Benefits."
We remained in touch with updates on the program and when it … (12 comments)
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dod hap: Realtors® Rally Under the Shadow Of The Washington Monument
- 05/18/12 12:29 AM
Yesterday was the Rally to Protect Homeownership in Washington DC. According to the count by the National Park Service we were 13,000 strong on the grounds of the Washington Monument yesterday morning.
The rally was not just a chance to stand around idly to talk about the value of homeownership but part of the annual mid-year conference held in DC every year.
Besides hearing from other Realtors® at the rally Sen. Johnny Isakson from (GA) and Congressman Steny Hoyer (MD) also spoke about the importance of homeownership to the American economy. What they didn't say and might not have … (117 comments)
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dod hap: SOLD-Another Successful Woodbridge VA DoD HAP Sale
- 05/15/12 09:25 AM
This morning Cindy Jones and CJ Realty Group went to settlement on our waterfront townhouse listing in Powells Landing in Woodbridge VA. The owners of the home had left the area on PCS orders in 2009 and were eligible for the Department of Defense Homeowners Assistance Program (HAP).
The owners contacted me after reading a number of blog articles I had written about DoD HAP benefits and we discussed their eligibility for the program and next steps. The tenants who live in the property are also military and were helpful in working with us on showings. This is our 36th closing … (6 comments)
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dod hap: A DoD HAP Sale Is NOT A Short Sale
- 02/28/12 11:09 PM
Let me repeat that. The Department of Defense Homeowners Assistance Program sale is NOT a short sale.The only common denominator between the two is that the homeowner is upside down on their mortgage.
An active duty servicemember who meets the qualifications for HAP does not interact with their lender in any way regarding the sale of their home. They do not have to provide to their lender or the United States Army Corps of Engineers, who administers the program, anything that resembles a short sale package.
They do not have to prove a "financial hardship" to sell their home using HAP. … (14 comments)
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dod hap: Ft. Belvoir Families-Are You Wondering Whether Your PCS Orders Qualify As A Hardship
- 01/11/12 01:35 AM
Are PCS orders considered a hardship? It's a question that we are asked frequently by military families stationed at Ft. Belvoir, Quantico MCB, the Pentagon and other installations part of the Military District of Washington. Last fall the Fannie Mae issued guidelines to include Permanent Change of Station (PSC) orders as a hardship. A hot line was (877-MIL-4566) created for service members to be able to discuss foreclosure prevention options available.
In addition Fannie Mae also announced a six month military forbearance program where the death or injury of a service member on active duty causes a hardship for military families … (6 comments)
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dod hap: Woodbridge Military Family Makes A Move After A Successful VA Compromise Sale
- 08/26/11 02:38 PM
First a deployment and then PCS orders meant my sellers needed to make a move. Unfortunately they had missed the deadline to qualify for the Department of Defense Homeowners Assistance Program (HAP) so it looked as if a short sale was in their future. As we started talking about the process I learned they had a VA loan on their home which meant there was another alternative.
Though a VA Compromise sale is similiar to a short sale, the lender can file a claim with VA for the difference between the proceeds and the payoff amount. This makes it easier for … (0 comments)
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dod hap: Military Families-Tell Your Story To Congress NOW!
- 04/14/11 04:50 AM
Are you a military family who has been impacted by the loss of value of your home? Have you gotten orders and been faced with the decision to rent at a significant loss or face a short sale to alleviate your financial burden?
Now is your chance to let Congres know. The House Armed Services Committee (HASC) is looking for your story to add support to HR 237 to allow for the extension of the current cutoff dates for the Department of Defense Homeowners Assistance Program (HAP). With funds dwindling and more families facing tough financial implications make your voices heard.
… (4 comments)
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dod hap: I'm Not Kidding-This Wayside Village Home Is A Steal Of A Deal
- 03/10/11 12:23 AM
Okay call me crazy but I don't think this listing in the Wayside Village neighborhood of Dumfries VA is going to last long. Why? Beacause at $365,000 this 4500 SF home has it all. I'll let the tour tell the tale of a well maintained home with plenty of space and updates. Put your phone on speed dial to schedule your time to get in the front door. Really I'm not kidding this one is going to sell quickly.
… (14 comments)
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dod hap: Will Using Department of Defense HAP Benefits Hurt My Credit Rating?
- 02/07/11 01:28 AM
With all the stories with how short sales and foreclosures impact a homeowners credit scores it is a question that makes sense for military families to ask. Though many think that a Department of Defense HAP sale is "like" a short sale it isn't. Sure the purchasers needs to wait a bit while the government process the paperwork but unlike a short sale the lender does not have to approve the sale. Here is the good news:
If you are a military family who owned a home in Northern Virginia and PCS'd in the last few years you may … (4 comments)
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dod hap: H.R. 237-A Bill To Amend the DoD Homeowners Assistance Bill Introduced in Congress
- 01/08/11 11:36 AM
As must of you know who read my posts I've had the good fortune to work with a number of military families in the Northern Virginia area who are eligible for the Department of Defense Homeonwers Assistance Program (HAP). The HAP program helps military families who are upside down on their mortgage get relief by covering between 90-95% of the difference between current market value and their original purchase price.This week Rep Gerald Connley (D-VA) introduced a bill to amend the current HAP program to allow the Secretary of Defense flexibility regarding the start date for eligible home purchases. Currently the … (2 comments)
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dod hap: Hyper-Local Blogging and Referrals Combine to Make Winning Combination
- 10/22/10 06:08 AM
Referrals are the backbone of most Realtors® business. When they referrals come in combination with success from hyper-local blogs the combination can lead to a nice supply of business. As I’ve started to look back over 2010 and plan for 2011 one of the key components of my business plan is making sure that not only how hyper-local blogging played a part in my success but the importance of referrals as well It started with a military family located in Lorton Virginia that needed to sell their home using Department of Defense HAP benefits. They found my blog and picked up … (27 comments)
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dod hap: WeBlog Anything-When Your Equity Has Magically Disappeared
- 10/18/10 10:36 AM
Looking under the kitchen sink can yield surprises. Some of what you find smells bad, some offers insight into a person’s life and others offer us a chance to think about what is happening in the real estate market in our city. Homeowners in Woodbridge, VA especially those who bought homes between 2003-2006, know the Magic Eraser has not only removed their equity but has taken away a significant portion of the value of home as well. What was once a dream of a secure financial future has been reduced to a daily worry of whether they can continue to make … (18 comments)
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dod hap: Woodbridge VA-Good Things Come in Threes in Riverside Station
- 09/08/10 11:37 AM
Last week was my third closing this year on a townhouse listing in the Riverside Station neighborhood in Prince William County VA. This was also the third Department of Defense Homeowners Assistance Program (HAP) sale in the neighborhood and my third referral from previous clients in the neighborhood.It appears the saying "good things come in threes" is right. For military families the Department of Defense Homeowners Assistance Program (HAP) has been a great program for being able to sell their homes and help mitigate the loss from a downturn in the Prince William County real estate market.If you are a military family … (10 comments)
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dod hap: Realtors® Are You Willing to Say “I Don’t Know Let Me Check for You?”
- 07/07/10 09:45 AM
Today an agent called to ask for my assistance on the Department of Defense Homeowners Assistance Program (DoD HAP). They were representing a buyer and were starting to get the sense that the listing agent might not have a handle on what was happening with the transaction. This was the second call this week from a buyer’s agent with concerns about DoD HAP. It made me realize once again that the words “I don’t know let me check for you” are better words to use than making up an answer that may be misleading or inaccurate.
In the first case the … (84 comments)
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dod hap: Heading to Okinawa-Another Successful Department of Defense HAP Sale
- 06/08/10 12:19 AM
As my second client of the year packs their bags for a move to Okinawa I reminded them that they needed to make sure that they didn't miss the Churaumi Aquarium located on the north eastern part of the island. The Aquarium is the second largest in the world and is a must for families who find themselves with PCS orders to Okinawa.
If you are a military family with PCS orders taking you away from Northern Virginia give me a call to talk about whether you are eligible for the Department of Defense Homeowners Assistance Program. … (21 comments)
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dod hap: Port Potomac-Another Military Family Makes a Move Using HAP Benefits
- 05/16/10 01:04 PM
This great home home is another terrific property now UNDER CONTRACT for a military family using the Department of Defense Homeowners Assistance Program (HAP). If you live in the Northern Virginia area and are qualified for HAP benefits give me a call at 703-346-2213 to talk about how to put the SOLD sign in your yard.
… (13 comments)
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dod hap: Department of Defense HAP is Working for Nothern Virignia Military Families
- 05/05/10 01:19 PM
A sure sign of spring in Northern Virginia is the steady stream of PCS orders military families are receiving to head to their new duty station. This year’s PCS orders bring a different level of stress than in former times. Families who purchased a home when they arrived 4 or 5 years ago now are faced with a home that has lost value. Deciding whether to sell or rent their home becomes a difficult decision. For military families who purchased (or contracted to buy) their home prior to July 1, 2006 the Department of Defense Homeowners Assistance Program (HAP) is one … (6 comments)
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dod hap: Lucky Number Seven-Another DoD HAP Closing in Northern Virginia
- 05/02/10 01:00 PM
It was lucky number seven. Another military family with PCS orders out of the Northern Virginia area using the Department of Defense Homeowners Assistance Benefits (HAP) closed yesterday afternoon.
Perhaps I should clarify the Lucky Number Seven. That is the number of DoD HAP closings I’ve had the good fortunate to settle in 2010. There obviously are thousands of military families throughout the country who are qualified for and using the benefits to help them sell.
The question most often asked by both buyers and sellers is “how long will the process take?” In this case the contract was ratified on … (0 comments)
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dod hap: Rumors and Innuendos-Answering a Few Questions about DoD HAP Benefits
- 04/16/10 01:54 AM
Recently I’ve found myself answering a number of calls from around the country about the Department of Defense Homeowners Assistance Program (HAP). The issue? Rumors that it will take 6 months to close a deal, that HAP has to ratify the buyers contract, that active duty military families buying a HAP listing get extra incentives and so many more. Now the real experts on the DoD HAP program are the real estate specialists in the 4 regional offices throughout the country. However after working with a number of military families in the Northern Virginia area list and sell their homes I’ve … (9 comments)
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dod hap: DoD Homeowners Assistance Program Moves Another Military Family
- 04/07/10 11:49 PM
Another Northern Virginia military family has gone to settlement with the assistance of the Department of Defense Homeowners Assistance Program (HAP).
When their home in the Port Potomac neighborhood in Prince William County went on the market we were less than 24 hours away from the second major snow storm in the Northern Virginia area. The buyer who knew the neighborhood viewed the on-line tour of the Port Potomac townhouse and wrote an offer without stepping in the front door. The deal was smooth from start to finish and the representative from HAP arrived at the closing table with the funds … (2 comments)
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This 3 level townhouse in the Potomac Club neighborhood was on the market less than 24 hours before we had an offer. The buyers had been looking in the neighborhood for awhile and this end unit caught their eye right away.The owners were a military family who did not qualify for DoD HAP. I first meet the owner on line in a group working to extend the DoD HAP benefits. He was featured on Fox News and included in another blog post "Military Member Speaks Out On HAP Benefits."
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