Are you an Eglin AFB or Hurlburt Field airman PCSing soon? If you own a home, have to sell, and owe more than your property is worth, there may be help available so you can avoid a foreclosure or even a short sale. The U.S. military Homeowner Assistance Program (HAP) may help you by covering most of the loss to your mortgage holder.
These are the basic qualifications for HAP:
1. You must be PCSing more than 50 miles
2. You purchased your home or entered into a contract to buy it before July 1, 2006
3. It was your primary residence (not a rental)
4. Your orders were between February 1, 2006 and September 30, 2012.
5. Your home must have declined at least 10% in value. (That should not be in problem in the Eglin AFB and Hurlburt Field market). 
HAP may cover 90% of your loss from your original purchase price, with you bringing the difference to closing when you sell your homel If you apply for HAP and are moving from Eglin AFB, Hurlburt Field, Duke Field or Whiting Field, here is part of an email you may receive from the HAP Savannah District:
" We cannot estimate or pay benefits until you have provided all requested information, are determined eligible, and have sold your home or have it under contract. You are encouraged to send in the information we request since we cannot determine your eligibility without it.The government acquisition option for... applicants involves the government purchasing your home and selling it immediately to your buyer in a subsequent transaction. This option is for those who cannot afford to close without it. You are advised to make every effort to sell your property at the highest reasonable price under current real estate market conditions.
Please note we will require a fully signed HUD-1 Settlement Statement from when you bought your home. Please send this document for inclusion in your file.If you listed major improvements in your application, you must provide receipts for these items if you would like them to be considered. Current guidance is that the Prior Fair Market Value is the purchase price, but it is anticipated that there may be an adjustment for improvements in the final guidance. Improvements and receipts must be in accordance with the guidelines established in IRS publications 552 & 527 (http://www.irs.gov/)."
The great news about this HAP guideline, is that your monetary assistance may be based on your cost plus improvements, not just your initial purchase price. This means, HAP may cover more of the loss to your mortgage holders - so YOU will have to bring less funds to closing to cover the difference. 
If you plan on selling your home for a PCS from Eglin or Hurlburt in Navarre, Destin, Fort Walton Beach, Niceville, Crestview or Mary Esther, Florida, contact a real estate agent who specializes in the HAP program. Don't let your home go to foreclosure!
It's Wendy!
Wendy Rulnick, Broker, CRP, CRS, GRI, ABR Rulnick Realty, Inc.
Eglin AFB and Hurlburt Field Real Estate
Short Sales & Pre Foreclosure Help.
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Call toll-free 1-877-ITS-WNDY (1-877-487-9639) or local 850-650-7883 ext 204
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Wendy is a short sale and pre-foreclosure specialist and has been featured in "Kiplinger Personal Finance Magazine" and "Florida Realtor Magazine". Call Wendy Rulnick, Broker/Owner,to list and sell your home or condo on the Emerald Coast of Florida in Walton, Okaloosa and Santa Rosa County- Destin, Santa Rosa Beach, Fort Walton Beach, Niceville, Bluewater Bay, Navarre, Seagrove Beach, Watercolor, Sandestin, Seaside, Crestview, Rosemary Beach, Mary Esther, Shalimar, Eglin AFB, Hurlburt Field.
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Wendy,
It's great information, but is it restricted to Eglin AFB, Hurlburt Field, Duke Field or Whiting Field or are these just the bases in your area?
Good post, it will help those affected.
Bill
Same question as the previous commentor. Are these restricted to your area or is it open to all those affected?
Bill and Ray - The HAP program is open to all U.S. Military and some civil service members. Please find help for your local relocating military here: http://hap.usace.army.mil/ The program is run by the Army Corps of Engineers.
Wendy, great information. I'll see if I can use the information in this area for military members in distress. May not be able to do the HAP program, but still be able to help.
Thanks Wendy!
I'll re-blog this tomorrow. This is great information for the airmen in Las Vegas!
Bill
Unfortunately...a decline in value is not a problem...great of course that they have someone like you to help them thru this financial maze and get on with life.
Very good info Wendy. I wasn't aware of this as I'm not near any military installations, but I have to let a friends son know about this.
Another blog with really helpful information. We have a lot of military folks in San Diego County!
Sally & David - Thank you, you know the pleasure of helping.
Gabe - I appreciate that, it is a good program for base relocating service members who are upside down with their mortgages.
Melissa - I hope you find the info useful!
Hi Wendy, Thanks for the updated info on the HAP program. Have you been able to use it yet to help any sellers? I am curious to see how it went.
Great information for our military, Wendy. This definitely comes into play for several of our personnel at Nellis Air Force Base.
Wendy: I'm back on this one. Shortly after I commented, I got contacted by a local military man who is going to be particating in this program. I may need to call you . . .
Melissa - Way cool! I am happy to help! I suggest you THOROUGHLY read the HAP website http://hap.usace.army.mil/ . It will also direct you to your regional HAP- which for your area is HAP Field Office, Sacramento
U.S. Army Engineer District, Sacramento
1325 J Street
Sacramento, CA 95814-2922
916-557-6850
800-811-5532