Monday, December 28, 2009

Federal Help For Military Personnel

The Department of Defense has expanded the Homeowner's Assistance Program (HAP) to help members of the military who are involved in a short sale. HAP is a law that is managed by the U.S. Army Corps of Engineers "to assist eligible homeowners who face financial loss when selling their primary residence homes in areas where real estate values have declined because of a base closure or realignment announcement."

Rather than list all the benefits and requirements here, I just wanted my readers to know that this option exists. If you want the details, go to the HAP website, http://hap.usace.army.mil.

No comments: