Tagged : Housing Assistance Program 
There are currently 2 blog entries matching this tag.
Beware The Shadow
Thursday, February 18th, 2010 at 3:28pm. 63653 Views, 1 Comments.
For months, we’ve been expecting the next wave of foreclosures to hit the market. With a record number of homeowners defaulting on their mortgage payments, it’s bound to happen sooner or later. According to yesterday’s headlines from Housing Watch, we’ve got a “shadow inventory” of almost 1.8 million homes that are on the brink of foreclosure. Of the 1.6 trillion in existing mortgages packaged into mortgage backed securities by Wall Street, approximately $425 billion worth are “extremely late” on their payments.
Despite the best intentions at assisting distressed homeowners, bad mortgage debt continues to rise with little hope of reigning it in. The tough job market and high unemployment rates serve to add fuel to the economic firestorm. After…
Built for Military Home Sellers
Thursday, February 11th, 2010 at 2:00pm. 31867 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…
Beware The Shadow
For months, we’ve been expecting the next wave of foreclosures to hit the market. With a record number of homeown... 1Comments Read MoreBuilt for Military Home Sellers
Since the height of the market in the summer of 2006, homes prices across the United States have fallen a great deal. ... Add Comment Read MoreHow Did You Determine That Listing Price?
Successfully selling homes isn’t rocket science. Or, is it? Does a home sell itself, or is smart market... 1Comments Read MoreWe're always on the lookout for talented real estate agents to join our growing team.
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