DoD Announces $555 Million Expansion To Homeowners Assistance Program re: HAP
Finally, a financial benefit for Active Duty Military who are struggling to sell their home in today's tumultuous real estate market.
You may be eligible if:
- You have Military PCS orders dated 1 Feb 2006 to 31 Dec 2009
- Your were the Owner/Occupant of your home prior to 1 Jul 2006
- You have experienced 10% or greater loss of home value and county value
- Retirees are not eligible
- You must relocate at least 50 miles - installation to installation or home to installation
- You are/were the Owner/Occupant of your home on your PCS orders date
- You can receive this benefit only once
- Your home sale occured between 1 Feb 2006 and 1 May 2010
HAP Program Eligibility Matrix
Your benefits are the GREATER of:
90% PFMV (Prior Fair Market Value) - sale price + closing costs where PFMV was your home purchase price
OR
Mortgage payoff - sale price + closing costs
For more information, questions and guidance, contact your local HAP Field Office:
For Utah: HAP Field Office, Sacramento and Homeowner's Assistance Program
U.S. Army Engineer District, Sacramento
1325 J Street
Sacramento, CA 95814-2922
916-557-6850
800-811-5532
Or contact me directly to begin the process of getting your home sold ...
Kim Novak is a real estate broker with RE/MAX Masters in Salt Lake City and Layton, Utah. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the designations of ABR: Accredited Buyer Representative, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, GRI: Graduate of the Realtor® Institute, SRES: Seniors Real Estate Specialist and ePRO: Internet Professional. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career. ActiveRain Profile LinkedIn Profile Facebook Me!
Direct Phone: 801.726.1443
Direct Toll Free: 800.977.7835
Direct Fax: 866.541.2392
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Kim Novak is a Realtor® and Broker Associate with RE/MAX Masters in Salt Lake City and Layton, Utah. Licensed in 1995, Kim has closed over 500 sales during her full time real estate career and achieved industry recognition as a Lifetime SalesMaster and member of the RE/MAX Hall of Fame. She holds a BSBA with an emphasis in Sales & Marketing and has achieved the following designations/certifications:
ABR: Accredited Buyer Representative, AHWD: At Home with Diversity, CDPE: Certified Distressed Property Expert, CHS: Certified HAFA Specialist, CRS: Certified Residential Specialist, CSP: Certified New Home Sales Professional, ePRO: Internet Professional, GRI: Graduate of the Realtor® Institute, SFR: Short Sale & Foreclosure Resource, SRES: Seniors Real Estate Specialist
