Homeowners Assistance Program benefit payment figures per Army Corps:
Applicants: Total: 7,043
* Savannah District: 4,280
* Ft. Worth District: 906
* Sacramento District: 1,857
| Type | USAF | Army | Navy | USMC | USCG | DoD | Total |
| PCS | 308 | 88 | 169 | 84 | 48 | 0 | 697 |
| BRAC | 2 | 4 | 1 | 1 | 1 | 1 | 10 |
| WW/Ill | 5 | 11 | 3 | 1 | 0 | 0 | 20 |
| SSpouse | 1 | 2 | 1 | 4 | 0 | 0 | 8 |
| Total | 316 | 105 | 174 | 90 | 49 | 1 | 735 |
| Percentage | 43.0 | 14.3 | 23.7 | 12.2 | 6.7 | .1 |
Percentages of applicants paid benefits:
* PCS = 94.8%, WII/SS = 3.8%, BRAC = 1.4%,
Type of sale:
* Pvt Sale/AUGMENTATION= 625
*Govt ACQUISITION= 108 Foreclosure = 2
* Average cost of benefits paid per beneficiary: $107,111
Tags: DoD, HAP, Homeowners Assistance Program, military short sale, theREAgent4me
March 3, 2010 at 12:32 am |
We entered a contract to purchase our home around July 31, 2006. Are we simply out of luck?
April 29, 2010 at 8:14 am |
Purchase contract date- Must be before July 1, 2006 under Expanded HAP. Options:
- Apply for HAP. Appeal if/when you get denial. Your information is then in system to support a rule change, and then you can be notified if/when the rules change.
- Write your Congress person(s). Request they change the purchase date for Expanded HAP to a specific date and support with suggestions why your request is valid. Follow up regularly with Staff member assigned to your request.
June 30, 2010 at 4:24 am |
I just recieved my denial for HAP. I PCS in March and fall outside the new cutoff date. The slides handed out from my base and offered online still state the Sept 2012 date, with a * next to the date indicating its subject to change.
My question is this program just started in 2009 to extend to PCS orders outside a 50 mile range. How can all the funds be out just one year later? A lot of people are going to be hurt without this life line.
July 28, 2010 at 8:57 am |
Homeowners Assistance Program does not always make it easy to provide good news to service members! HAP mortgage relief is expensive. HAP beneficiaries nationwide average over $100,00 each in benefits. In San Diego, my service member clients average over $220,000 in benefits. Funds are low because so many nationwide are in need and because of the system the government uses to process benefits. Acquisitions require the government-HAP to fully pay off the mortgages, buy the property, then resell to the final buyer in a concurrent escrow. If mortgage balance totals $500,000, that much is taken from HAP system. Add another $21,000 in closing costs. Funds recouped by the sale to the buyer take months to come back into the coffers due to government accounting system. That is why it looks like HAP will be out of money within a year now that processing is in full swing.
There are a few things affecting your case:
1) HAP is slated to run benefits processing through 2012. HAP current orders cutoff is September 30, 2010, per OSD. So the slide presentation you saw may have been inaccurate if it never mentioned this.
2) You do not have orders till March of 2011. IF SecDef changes date…they will not process you for any benefits until within 90 days of your RNLT. This is because government does not want to pay HAP benefits to sell house then find out orders cancel. I have heard if you have PRINTED orders IN HAND prior to Sept 30th you should be able to get HAP benefits. Just not until that 90 day window and providing there is still funding.
3) HAP needs more money! The September 2010 cutoff was set as a financial review date to see how much money is spent by then. Official term is “burn rate” of funds. SecDef wants to move it later, but needs more money.
4) HAP officials must show need in order to justify their request for more money. Thus, you should appeal your denial so OSD will have documented need.