hap: Homeowners Assistance Program - Part V: The closing process
- 12/16/10 05:54 AM
Once a determination is made as to which benefits are most advantageous for the applicant, the closing process can finally begin. There are several noteworthy items to keep in mind at this time:1. Prior to closing, the applicant will need to ensure that their mortgage is paid current, including interest, late charges, fees and penalties. In addition, any homeowner’s association or condominium association dues will also have to be paid current. 2. If you are a PCS eligible applicant receiving Government Acquisition Benefits: A. You will need to have certified funds sent to your Benefits Specialist to pay for interest due … (0 comments)
hap: Homeowners Assistance Program - Part IV: What are the benefits?
- 12/16/10 05:51 AM
Once your application for Expanded HAP assistance is approved, a Benefits Specialist will be assigned to your file, and will immediately contact you to determine the appropriate benefits for your specific situation. There are four types of benefits available under the Expanded HAP program. 1. Private Sale Benefits: If you have already sold your property or you are able to pay any loss on the sale at the time of closing, private sale benefits are paid directly to you after the closing. PCS and BRAC 2005 applicants would be reimbursed for 90% of the prior fair market value (defined as the price … (0 comments)
hap: Homeowners Assistance Program: Part III – How do you apply?
- 12/16/10 05:46 AM
If you believe that you meet the eligibility criteria for Expanded HAP, as broken down in Part II of our blog, the next step is to submit an application with the Army Corps of Engineers for your respective district. Application packages can be downloaded from the Army Corps of Engineers HAP website, located at http://hap.usace.army.mil, along with mailing address for the respective district where they should be mailed. There is a checklist of items included with the application package that you will need to include, and in order for your application to be more readily processed, the Corps of Engineers recommends … (0 comments)
Once a determination is made as to which benefits are most advantageous for the applicant, the closing process can finally begin. There are several noteworthy items to keep in mind at this time:1. Prior to closing, the applicant will need to ensure that their mortgage is paid current, including interest, late charges, fees and penalties. In addition, any homeowner’s association or condominium association dues will also have to be paid current.
;)
;)
;)
