eglin hap pcs: Eglin PCS HAP Ends September 30, 2012 - ACT NOW - 09/19/12 07:56 AM
  If you were stationed at Eglin Air Force Base, Hurlburt Field or Duke Field, were PCSd and need to sell, your HAP option is about over.  You must act NOW if you think you qualify for the program, to avoid VA Compromise Sale, short sale or foreclosure, or to recoup funds if you don't have a mortgage. The programs ends on September 30, 2012.   To recap: 1. HAP is the military Homeowner Assistance Program that was expanded to help not only BRAC affected service members, but those with PCS (Permanent Change of Station) orders 2. Your orders must have … (2 comments)

eglin hap pcs: Eglin AFB HAP - Save Your Receipts or Lose Out! - 07/06/12 06:23 AM
I was dismayed the other day when I found out a Niceville Florida short sale seller could have used HAP (Homeowner Assistance Program) to sell his home, but did not. Now, due to the reduced value of his property, and military PCS move, he has no choice to avoid foreclosure, but to short sale. Why? He qualified in every way: PCSd prior to September 2010, moved to a base more than 50 miles from Eglin Air Force Base, his property value had declined more than 10% and he had purchased his home prior to July 2006. Why can’t he use HAP? He refinanced his home … (0 comments)

eglin hap pcs: 602 Affirmed Ct,. Steeplechase, Crestview FL - Approved for HAP - 07/02/12 05:29 AM

This home in at 602 Affirmed Ct., Steeplechase, Crestview Florida has been approved for a HAP Private Sale.  An appealing home with many udpates, it had solid surface counters, laminate floors, new landscaping and sod.  The location in Crestview south of I-10 made the home ideal for commuting to Eglin Air Force Base or Destin beaches. The HAP private sale application took about 7 weeks for approval. 
A "safe" way to do a HAP private sale, is to make your purchase and sale contract "contingent on HAP approval", instead of applying for HAP reimbursement after closing! 
If you are in the … (5 comments)

eglin hap pcs: Did You Get a HAP Bill for Overpayment after Closing? - 04/09/12 07:04 AM

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 … (3 comments)

eglin hap pcs: 229 Moriarty St., Fort Walton Beach Florida - HAP Home for Sale - 03/12/12 03:13 AM

How about a big yard in the heart of Fort Walton Beach Florida? This Vesta Heights HAP home has distinctive feautures, like decorative archways and hall entries. There are lovely wood laminate floors in living room and hallway. The kitchen is tile, tile, tile, with tile counters, backsplash and floor! The dining room floor has an elegant design. Passthrough to living room, breakfast bar and stainless appliances. The master bedroom has large walk-in closet, attached master bathroom with double vanity sinks and tiled tub/shower combination. This sale is contingent on HAP approval.
If you are buying a HAP home in … (3 comments)

eglin hap pcs: Eglin AFB HAP Program Changes: GASP Ends (Government Assisted Private Sale) - 02/09/12 12:48 AM

If you are an Eglin Air Force Base or Hurlburt Field seller thinking about HAP, (military Homeowners Assistance Program), you may not be aware that effective February 1, the GAPS (Government Assisted Private Sale) has ended.  Since we are talking "military", there are a lot of acronyms, so I'll start with a quick explanation.  HAP is the program run by the Army Corps of Engineers that was expanded to assists U.S. military service members  who have Permanent Change of Station (PCS) assignments, with "upside down mortgages" avoid foreclosure or short sale. Basically, HAP will cover the shortfall (part of mortgage … (6 comments)

eglin hap pcs: Eglin HAP Question - Why Am I Bringing Money to Closing? - 01/19/12 09:33 AM

 One of the biggest sources of confusion I find with Eglin Air Force Base HAP sales from the seller comes at closing.  First, if you don't know what HAP is - it's the Homeowner Assistance Program from the Department of Defense.  It's designed to help military members who have permanent change of station orders (PCS), and are "upside down" in their home values, i.e. owe more on their mortgages than their property's market value. HAP will pay the mortgage deficit under certain circumstances, which helps the service member avoid the credit impact of short sale or foreclosure due to their mandatory … (4 comments)

eglin hap pcs: Considering Eglin AFB HAP PCS to Avoid Short Sale or Foreclosure? 3 Options Available - 06/15/11 02:20 AM


HAP is the Homeowners Assistance Program that helps Eglin Air Force Base or Hurlburt Field airmen PCSing to new bases who have upside-down equity in their homes.  That is, their mortgage balances are more than the fair market values of their properties. HAP helps those military members who are ordered to transfer to new bases avoid foreclosure, short sale and VA Compromise Sale by paying off the mortgage balance not covered by the sales proceeds due to declining market values.  If you qualify for HAP, there are three main programs for assistance:  Government Acquisition (GA), … (3 comments)

eglin hap pcs: PCSing from Eglin AFB? Another Navarre Florida HAP Home Sold - 06/06/11 01:11 PM

This gorgeous home at 2408 Kodiak Ct., Navarre Florida was just sold using the HAP program.  What is HAP?  It's short for Homeowner Assistance Program, and is a Department of Defense relocation benefit to U.S. Armed Forces members who meet certain requirements. It's a terrific help for Eglin Air Force Base, Hurlburt Field and Duke Field airmen whose property values have declined.  How?  HAP may cover most, if not all, of your upside-down mortgage when you sell your property in order to PCS.What are HAP requirements? Here are the main criteria, but HAP will do a full review of your situation to see if you qualify, and … (11 comments)

eglin hap pcs: Eglin HAP PCS Steps - 03/16/11 12:46 PM
If you are an Eglin Air Force Base, Hurlburt Field or Whiting Field airman, have PCS orders and need to sell your home, you may have heard of HAP. HAP is the Department of Defense’s Homeowner Assistance Program.  The program was expanded to help PCSing service members sell their properties, when “upside down” in mortgage value.  For example, you owe $250,000 on your mortgage, but your Navarre Florida home is only worth $150,000. If you qualify, HAP may pay your entire shortfall at closing when you find a buyer.  This is a wonderful program that can help you avoid foreclosure, short … (3 comments)

eglin hap pcs: 27 9th Street #4, Shalimar Florida - Home for Sale - Contingent on HAP Approval - 05/14/10 07:39 AM

Updated townhome on 27 9th Street #4 in Shalimar Florida! Berber carpet, tile kitchen. Most recently painted. Air handler about 3 years old, roof 6 years old, hot water heater 6 years old. Kitchen with repainted custom cabinets, newer appliances. Spacious master bedroom with 2 closets. Attic with pull-down stairs and about 400 SF plywooded for storage. Extra closet under stairs, cable internet in each room. Patio off back of unit was extended about 100 SF, entrance into the utility room from back patio. No homeowners association, so save on your monthly expenses. Buyer may early-occupy while seller waits for HAP approval.  … (3 comments)

Wendy Rulnick, "It's Wendy... It's Sold!" (Rulnick Realty, Inc.)

Wendy Rulnick

"It's Wendy... It's Sold!"

Destin, FL

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Rulnick Realty, Inc.

Address: 12889 Emerald Coast Pkwy., Ste. 107-A, Destin, FL, 32550

Mobile: 850-259-0422

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Author Bio: Wendy Rulnick, Rulnick Realty, Real Estate Broker in Destin Florida and all surrounding towns

The market. Smart sellers. The Emerald Coast of Florida.




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