This spacious home just sold as a HAP sale in Emerald Village, Fort Walton Beach, Florida. HAP is the Homeowners Assistance Program for U.S. military members who have orders to relocate (PCS). When the service member's home cannot be sold at a price sufficient to cover an existing mortgage, HAP may pay some, if not all, of the deficit. This saves our Air Force, Marines, Navy and Army members from foreclosure or short sale, preserving their credit.
Some of the qualifications for the HAP program are:
1. PCS orders at least 50 miles from the primary residence
2. The original contract to purchase the home had an effective date prior to July 1, 2006
3. The home was the primary residence at the time of orders
Many Eglin Air Force Base, Hurlburt Field and Duke Field service members have qualified for the program. This HAP sale on Randall Roberts Rd. took about 60 days to approve. At closing, HAP purchased the home from the sellers, paid off the mortgage shortfall, then simultaneously sold it to the new buyers.
652 Randall Roberts Rd., Fort Walton Beach Florida - Just Sold for $200,000
It's Wendy!
Wendy Rulnick, Broker, Rulnick Realty, Inc.
Call toll-free 1-877-487-9639 or local 850-650-7883 ext 204
Email Wendy: itswendy@rulnickrealty.com
Destin Short Sales & Pre Foreclosure Help.
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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.
Doing the Happy Sale Dance for you!! Congrats
Wendy, congratulations on a successful HAP short sale in Fort Walton Beach Florida! You are the real estate agent I will refer any sales to in Fort Walton Beach or Destin FL!
Sharon
Wendy
I have obnly done 1 HAP program sale and I was on the buyer side. But it went incredibly well and was a, dare I say, a Win Win for both buyers and sellers. I suspect they may not all go so smoothly but it sure beats a traditional short sale.
Best of luck
Jeff
Linda - Thank you!
Sharon - You know I feel the same about you, and thank you!
Jeff - I agree. HAP is a great program. Their processing is stalled right now due to the government fiscal year end. Hopefully, they'll start cranking out the approvals more quickly in October.