Eglin and Hurlburt HAP PCS – July Cut-Off Date Misleading

Real Estate Broker/Owner with Rulnick Realty, Inc.

Eglin HAP agent

If you are an Eglin Air Force Base or Hurlburt Field airman, you may have heard of “HAP”.  HAP is the Department of Defense Homeowner Assistance Program that was expanded to help PCSing service members who are “upside down” in their mortgage loans.

You may have read the HAP website and think you don’t qualify for the program.  One of the main qualifications is that you owned your home prior to July 1, 2006. Think again!  There is almost a footnote on the site, that corrects the ownership date requirement:

 "Q. If I had a contract to purchase my home prior to July 1, 2006, but closed after that date, do I qualify?  

 A. If you are a Military PCS eligible applicant and were under contract to purchase prior to 1 July 2006 and closed after that date, you would qualify"

According to the Emerald Coast Association of Realtors statistics, about 400 properties were placed under contract between January to July 1, 2006 which closed in July or later.  These homes were in Navarre, Crestview, Destin, Fort Walton Beach and Freeport Florida.  One of these buyers may have been “you”!  I just helped an Eglin AFB airman whose home purchase and sale agreement was dated June 30, 2006, and who closed later in July.  He is qualified for HAP!

If you are an Eglin, Hurlburt or Duke Field airman in need of HAP PCS assistance, investigate your options before resorting to short sale, VA Compromise sale or foreclosure.  Contact a HAP - experienced real estate agent.

It's Wendy!

Wendy Rulnick, Broker, Rulnick Realty, Inc.

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

Email Wendy:

Short Sale, HAP, VA Compromise Sale Help.

Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner, 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. 

Comments (5)

William J. Archambault, Jr.
The Real Estate Investment Institute - Houston, TX

Wow! Wendy,

What a great opportunity for a small direct mail campaign! Only 400, write them direct, open a dialog! If only one responded you'll make a profit.

Good Luck,


Mar 03, 2011 05:41 AM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Bill - It's crossed my mind!

Mar 03, 2011 10:22 AM
Steve Shatsky
Dallas, TX

Hi Wendy... thank goodness that you have your finger on the pulse of things down there and are able to spread the word!

Mar 03, 2011 02:45 PM
Wendy Rulnick
Rulnick Realty, Inc. - Destin, FL
"It's Wendy... It's Sold!"

Steve - Thank you - HAP is really a niche product to help relocating military to new bases, but a great one!

Mar 03, 2011 11:52 PM
Elizabeth Weintraub Sacramento Realtor Top 1%
RE/MAX Gold - Sacramento, CA
Put 40 years of experience to work for you

I think when it comes to military stuff, a lot of people are confused. I get asked a lot about the first time home buyer tax credit and how it's extended for military members. Good for you to get the word out to those who may need it in Eglin and Hurlburt.

Mar 04, 2011 04:16 AM