HAP - HELP Eglin AFB and Hurlburt Field Airmen PCSing to New Military Bases!

Real Estate Broker/Owner with Rulnick Realty, Inc.



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 of your real estate to PCS, even if you are upside-down in  your mortgage, without facing foreclosure.

But what is HAP doing?  I am sorry to say- NOTHING!  Thousands of servicemen have applied for help and many have already relocated - with no financial assistance. I have written a series of posts with information every time I get updates about the HAP program.  Each time I write a new blog, HAP changes its story and so far has done NOTHING to help upside-down Eglin AFB and Hurlburt Field airmen who are forced to relocate to new bases.  On a previous blog I posted a link to the Department of Defense Directive that detailed the new HAP policy for PCS moves.  When I checked the blog links about a week later- I found the information had been REMOVED from the HAP site.   Further, the HAP site used to have an expanded FAQ (Frequently Asked Questions) section that answered many questions about the new PCS help.  Those questions have been since REMOVED.  But not before I quoted them in another post.

Our military members are good citizens and purchased homes when they moved to Eglin AFB or Hurlburt Field.  Now, forced to PCS, they are faced with a choice:

1. Rent out their property, for an amount insufficient to cover their mortgage payment, due to declining rentals.  Most military do not have enough to cover the shortfall.

2. Let the property go to foreclosure.

3. Do a short sale.

4. Bring money to closing to cover the loss- highly unlikely since most Fort Walton Beach, Crestview and Navarre Florida homes purchased in the last few years are $100,000 or more upside-down.

5. Wait for HAP while doing any of the above.

When HAP finally puts an assistance policy in place, these servicemen may get reimbursed part of the loss on their upside-down mortgages.  But my question is-  what good is a reimbursement after a lender has foreclosed or a short sale has been completed?  By the time HAP starts working, it would be too late.  There will already be a hit on the airmen’s credit.  HAP representatives have suggested to me that the affected homeowner “borrow” an amount sufficient to cover the loss in a short sale, then wait for HAP funds.  My question – "HOW can an airman who earns $50,000 borrow a $100,000 note to “cover” an upside-down mortgage?"  He cannot.

HAP, you’ve got to help…  NOW.

It's Wendy!

Wendy Rulnick, Broker, CRP, CRS, GRI, ABR     Rulnick Realty, Inc.

Emerald Coast FL Real Estate

Emerald Coast Short Sales & Pre Foreclosure Help.

Read Emerald Coast Real Estate Blog

Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204

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Call Wendy Rulnick, Broker/Owner Rulnick Realty, to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County-  Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.   Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine".

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Comments (9)

Eric Reid
Renaissance Realty Group of Keller Williams Atlanta Partners - Lawrenceville, GA

great information now I have more information to help those in this area that are active service members

Jul 18, 2009 09:47 AM
Kathy Torline
ERA Herman Group Real Estate - Colorado Springs, CO
Colorado Springs Real Estate Blog 719-287-1049

Great post -- I've also been trying to find out more info about HAP from the Dallas office; still don't have any good answers.   I have some clients who have applied and sent in their info; but many details are still open.  

Jul 18, 2009 10:57 AM
Bryant Tutas
Tutas Towne Realty, Inc and Garden Views Realty, LLC - Winter Garden, FL
Selling Florida one home at a time

Wendy, I feel this is a travesty. Our service men and women deserve far better that this. Thanks for bringing this to our attention

Jul 18, 2009 11:06 AM
Lynn Pineda
eXp Realty - Boca Raton, FL
Real Estate Promises delivered in SE Florida

Wendy, this is a disgrace! Where would we be without these men and women keeping us safe!  They should be provided with answers and help without question! To me, this is just a crying shame! I would like our government of change to get this changed and help these individuals.

Jul 18, 2009 11:33 AM
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Real Estate Agents - Luxury - Divorce

Oh grrrr...we aren't near any military bases...but this is not a really fine reward for having made the sacrifices military families do.....let's hope this gets fixed...a letter to the congressman or senator in your area can have an effect...good luck !

Jul 19, 2009 01:12 AM
Jeff Payne
The Payne Group at Keller Williams Success Realty - Panama City, FL
Panama City Real Estate

If it sounds too good to be true......................................  We are losing 600 at Tyndall AFB

Jul 20, 2009 05:42 AM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Eric - Hope it helps.

Kathy - l am checking HAP site daily.

Bryant - They do deserve it.

Lynn - And it's too late to help many!

Sally & David - Writing congressmen is good idea.

Jeff - Hopeless HAP.

Jul 20, 2009 11:03 AM
Laura Giannotta
Keller Williams Realty - Atlantic Shore - Little Egg Harbor, NJ
Your Realtor Down the Shore!

We're haviong similar problems in New Jersey with a program set up by the state to help homeowners facing foreclosure.  What a mess!

Jul 20, 2009 11:34 PM
Lynn Boyd
The Payne Group - Keller Williams Success Realty - Panama City Beach, FL
Realtor - Your Panama City Florida RE Specialist

Unbelievable! It sounds like the banks we are dealing with on short sales are sharing their  contemptable practices with HAP.  

Thank you for shining a spot light on the situation.


Jul 23, 2009 03:48 PM