Sunday, April 4, 2010
Saturday, March 27, 2010
HAP
If you are active duty and have PCS orders you may qualify for the HAP program to help you in your house sale. This will help you to recover any short fall in what is owed and to avoid a short sale. Here are a few of the guidelines.
Eligibility:
1. Active duty or mandatory retirement at time of leave from duty station.
2. Home must have been your primary residence.
3. PCS orders between February 1, 2006 and September 30, 2010.
4. Purchased home prior to July 1, 2006.
5. Purchase price cannot have exceeded $417,000.
6. Be current on your mortgage payment.
Benefits:
1. Private Sale- formula used when you have equity in your home or if you bring money to close to make up a short fall.
Original Purchase Price times 90% minus Sales Price plus closing cost
2. Government Aquisition with a Buyer- Government buys your home and pays off your mortgage balance and pays the closing costs for your sale. They simultaneously sell your house to the buyer that is found through the sale process. Process takes 90-120 days to complete.
For more information and to download and application, check out the HAP website.
http://hap.usace.army.mil/
Call me for more information or to get started with your listing today!
Eligibility:
1. Active duty or mandatory retirement at time of leave from duty station.
2. Home must have been your primary residence.
3. PCS orders between February 1, 2006 and September 30, 2010.
4. Purchased home prior to July 1, 2006.
5. Purchase price cannot have exceeded $417,000.
6. Be current on your mortgage payment.
Benefits:
1. Private Sale- formula used when you have equity in your home or if you bring money to close to make up a short fall.
Original Purchase Price times 90% minus Sales Price plus closing cost
2. Government Aquisition with a Buyer- Government buys your home and pays off your mortgage balance and pays the closing costs for your sale. They simultaneously sell your house to the buyer that is found through the sale process. Process takes 90-120 days to complete.
For more information and to download and application, check out the HAP website.
http://hap.usace.army.mil/
Call me for more information or to get started with your listing today!
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