Military Families-More Funding Proposed for the Homeowners Assistance Program

By
Real Estate Agent with Integrity Real Estate Group

HAP Program Contact NumberAs families currently eligible for the Department of Defense HAP program await updated guidelines to be published, additional funding is being proposed in the US Senate by Virginia Senator Jim Webb for Fiscal Year 2010.

Senate bill (S 1309) proposes an additional $350 million dollars to enhance the funding provided by the American Recovery and Reinvestment Act passed last fall.   With over 2000 applications for assistance for wounded warriors, surviving spouses, families with PCS orders and BRAC transferees in the south east district waiting to be processed, it is apparent that the current funding could easily be depleted before the deadline for the program expires.

The financial burden military families who are required to move with PCS orders in a sagging housing market can be significant.  Currently I'm working with three Northern Virginia families stationed either at Fort Belvoir or the Pentagon eligible for HAP assistance and our weekly conversations with HAP counselors suggests that the required guidelines will be published by mid-August.    With the HAP benefits most of that burden of negative equity can be lifted with HAP funds provided at settlement.

If you are a military family stationed at Fort Belvoir, Quantico, the Pentagon or any of the Military District of Washington installations who qualifies for the HAP program give the Cindy Jones team a call at 703-346-2213.  We are currently working with families in your situation and understand the process, application requirements and have successfully negotiated sales contracts to help you sell your home in our current market.

Posted by

                                   Real People*Real Lives*Real Estate

If you are interested in learning more about the Northern Virginia Real Estate market including Alexandria, Arlington, Fairfax and Prince William Counties give Cindy Jones and Integrity Real Estate Group a call at 703-346-2213.

Military Relocation Specialist serving military families relocating to and from the Pentagon, Fort Belvoir, Quantico MCB and all of the Military District of Washington installations. 

Military Relocation Professional


Check out www.varealestatetalk.com and www.cjrealtygroup.com for more information.

Integrity Real Estate Group
 
Real People*Real Life*Real Estate

Licensed in the Commonwealth of Virginia



 

 

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Re-Blogged 3 times:

Re-Blogged By Re-Blogged At
  1. Tim and Pam Cash 07/20/2009 01:15 PM
  2. Roland Woodworth 07/20/2009 03:16 PM
  3. Renée Donohue~Home Photography 07/21/2009 12:25 PM
Topic:
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Location:
Virginia Fairfax County Fort Belvoir
Groups:
Military Relocations
VIRGINIA
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Northern Virginia Real Estate
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Tags:
brac
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Ambassador
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Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

Cindy, this is one use of taxpayer money that I wholeheartedly support. 

Jul 20, 2009 10:44 AM #1
Rainmaker
46,155
Joshua Talayka
Chase Internatinonal - Reno, NV

I am actually not familiar with the HAP program.  But it is something I will be looking into in order to better serve my clients.  Thank you for bringing it to my attention.

Jul 20, 2009 11:31 AM #2
Rainer
73,781
An Marshall
Berkshire Hathaway - St. Augustine - Saint Augustine, FL
Your St Augustine Real Estate Consultant

I think there are some great military benefits.  In St. Augustine, altho close to Jacksonville, there is not much of a market for marketing to that population.

Jul 20, 2009 12:50 PM #3
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Tim and Pam Cash
Crye-Leike (Sango) - Clarksville, TN
Real Estate Professionals - Clarksville TN

Cindy, excellent information - I appreciate you posting and hope you don't mind me reblogging.  We are currently working with two Families who are looking into the program.

 

Jul 20, 2009 01:12 PM #4
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Roland Woodworth
Q Realty - Clarksville, TN
Q Realty - Power In Real Estate

Cindy... thanks for sharing this information.. I will re-blog this as well.

Jul 20, 2009 03:15 PM #5
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John Novak
Keller Williams Realty The Marketplace - Las Vegas, NV
Henderson, Las Vegas and Summerlin Real Estate

This is one item that Congress should move quickly on. If anyone deserves assistance, it's the men and women of our armed forces.

Jul 20, 2009 04:32 PM #6
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Pat-no doubt it is one time that I say spend, spend, spend!

Jul 20, 2009 11:58 PM #7
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Joshua-it has some restrictions associated with it but it will save thousands of military families from being landlords when they leave their current duty station.

Jul 21, 2009 12:00 AM #8
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

An-in our area that are a lot of military installations and with the drop in prices over the last 4 years there are a number of families eligible for the benefits.

Jul 21, 2009 12:01 AM #9
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Tom and Pam-reblog away.  The more military families who know about the program the better.  I'm sure there are folks at Fort Campbell who will be eligible.

Jul 21, 2009 12:02 AM #10
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Roland-thanks for looking at for military familes at Fort Campbell.

Jul 21, 2009 12:03 AM #11
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

John-I couldn't agree more!

Jul 21, 2009 12:03 AM #12
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Dan Magstadt
Paramount Residential Mortgage Group, Inc - Lake City, FL

Hadn't heard much about this...I definitely support a bill like this!

Best,
Dan

Jul 21, 2009 03:28 AM #13
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Missy Caulk
Missy Caulk TEAM - Ann Arbor, MI
Savvy Realtor - Ann Arbor Real Estate

I'm closing on one at the First of August where my seller was helped.

Of course they have to come up with the $ and then be reimbursed but at least they can close and can get reimbursed.

Like Pat said this is a worthy cause and I don't mine one bit my tax dollars going to help the Military.

It's all the other crap our taxes are used for that gets me going.

Jul 21, 2009 04:56 AM #14
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Dan-it is one of the bills that I think most of us can put our support behind.  Hopefully it will get out of the House fully intact.

Jul 21, 2009 05:58 AM #15
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Missy-one of my sellers is considering that option as well.  They are waiting to see if the guidelines are published in August and then how long it will take to close.  Unfortunately not everyone has the cash on hand to be able to close the gap which in some of our neighborhoods is significant.

Jul 21, 2009 06:00 AM #16
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Renée Donohue~Home Photography
Savvy Home Pix - Allegan, MI
Western Michigan Real Estate Photographer

Thanks for this Cindy!  I just got one of these listings entered in the MLS and am anxiously awaiting the guidelines to be rolled out.  I hope it is ok for me to reblog this as our area is so hard hit with upside down homes.

Jul 21, 2009 12:24 PM #17
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Renee-re-blog away.  The more military families who qualify for the HAP program and can use the benefit the better!

Jul 22, 2009 12:11 AM #18
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Ann Allen Hoover
RE/MAX Advantage South - Hoover, AL
CDPE SRES ASP e-PRO Realtor - Homes for Sale - AL

Cindy, congratulations on your feature, and thanks for working to assist military families.

Have a super day! :)

Jul 23, 2009 02:48 AM #19
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Cindy Jones
Integrity Real Estate Group - Woodbridge, VA
Pentagon, Fort Belvoir & Quantico Real Estate News

Ann-thanks for stopping by.  Military families are a big part of the Northern Virignia area and assisting them is always a pleasure.

Jul 23, 2009 05:04 AM #20
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