Are you a U.S. military service member at Eglin Air Force Base who has been relocated by the government to a new base? Do you have to do a short sale? Is your lender Chase? If so, you may not get any special consideration, despite PCS (permanent change of station) orders. I am currently in negotiations with Wells Fargo and Chase, as junior lien holder, for a Fort Walton Beach Florida short sale. The Eglin Air Force Base seller was transferred, or PCSd (permanent change of station), to a new base and had to sell his home. Of course, he was … (2 comments)
Are you an airman PCSing from Eglin AFB or Hurlburt Field? Are you upside down in your mortgage and owe more than your current property value? If so, you may know I have been checking the HAP website daily for the last several months. As I have previously reported, the site was taken down at one point, and all information was removed. Today, the site has changed and information is posted that may be useful to relocating military who might qualify for the government assistance to cover some of the loss. 1. Qualifications include: PCSing more than 50 … (5 comments)
eglin afb pcs: HAP - Save Our Military From Foreclosure!
- 07/24/09 01:40 AM
HAP has done it again! I recently wrote about the military's Homeowner Assistance Program that is supposed to help our United States service members. When they have orders to relocate, or pcs, to a different military base, the newly expanded HAP would to cover up to 90% of the loss in the service member's upside-down mortgage. That would be wonderful, because many of our airmen, soldiers, marines and sailors purchased homes that are now worth less than the mortgage balances. The HAP program would probably save them from foreclosure or short sale. HAP has provided NO assistance since the initiative was expanded by the American Recovery … (8 comments)
HAP, where are you? HAP is the Homeowner Assistance Program for U.S. military members “who face financial loss” when selling their homes in order to PCS, or "permanent change of station" to a new base. In other words, if you are an airman stationed at Eglin Air Force Base, Hurlburt Field or any other base and you have “orders” to move and your mortgage amount is more than the current value of your home- HAP is supposed to help you. HAP was meant to help cover a significant portion of your losses so you can dispose … (9 comments)
eglin afb pcs: Eglin AFB and Hurlburt Field: HAP Guidelines Published for Military PCS
- 05/16/09 02:45 AM
The Homeowner Assistance Program (HAP) for the military has just received the Department of Defense directive that will affect military PCS sellers who are upside down on their mortgages. I have published a series of updates on HAP, and this just-released update is summarized from the HAP website due to the urgent need for Eglin Air Force Base and Hurlburt Field airmen who have received orders: Although DoD guidance has been established, we are unable to begin processing applications until we comply with rule making procedures established by the Administrative Services Act. District field offices are reviewing applications for compliance with DoD guidance and will … (2 comments)
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