Tagged : HAP

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Built for Military Home Sellers

Thursday, February 11th, 2010 at 2:00pm. 31383 Views, 0 Comments.

Since the height of the market in the summer of 2006, homes prices across the United States have fallen a great deal.  Many homeowners who purchased prior to that summer, and now have orders to move, are faced with the prospect of selling a home that may now be half the value it was when purchased.  Fortunately, there is hope.

As part of the American Recovery and Reinvestment Act of 2009 (ARRA), the Department of Defense (DoD) expanded the Housing Assistance Program (HAP) to provide benefits to service members who are moving (in military jargon, PCSing – Permanent Change of Station), among others.

To be eligible for HAP, military members must have, 1) Purchased their home prior to 1 Jul, 2006, and 2) Have PCS orders dated 1 Feb 2006 thru 30…

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