For a military family with PCS orders in a turbulent real estate market the options of what to do with an underwater home can be stressful. For the family of this home in the Southbridge neighborhood of Dumfries VA they discovered they were eligible for the Department of Defense of Homeowners Assistance Program (DoD HAP.)
Today they went to closing and to make the sale even better was they buyer was also active duty military stationed at Fort Belvoir. Since the DoD HAP program was funded in the fall of 2009 I’ve had the good fortunate to assist 33 Northern Virginia military families with the sale of their homes using DoD HAP benefits. Each family had purchased their homes prior to July 1, 2006 and meet the other qualifications for the program including PCS orders prior to September 30, 2010.
The DoD HAP program has assisted thousands of military families across the country by providing benefits that cover the difference between the balance of their mortgage and the current market value of their home. The DoD HAP program has two separate tracks of eligibility. The “government acquisition” benefits are designed for families who financed 100% of their purchase. The second track “augmented sale” helps families who made significant down payments on their homes.
If you are a military family who owns a home in the Northern Virginia area and were stationed at Fort Belvoir, the Pentagon, Quantico or any of the Military District of Washington installations drop me an email at [email protected] or you can give us a call at 703-346-2213. Let our experience in helping families like your through the DoD HAP process work for you. A number of the families we have assisted have already left the Northern Virginia area and we are able to handle your DoD HAP transaction 100% electronically.