This week two more of of my listings for Northern Virginia military families closed using the Department of Defense HAP benefits. One family followed the Government Acquisition (GA) process and the other the Private Augmented Sale (PAS) process.

One of the questions that I"m often asked by families who are eligible for the HAP benefits is how do I decide which benefit option to select? In some ways it is a very easy decision. If you purchased your home with a VA loan or 100% financing then chances are you are going to select the GA process. However if you made a significant capital improvements to your home since you owned it and can provide receipts then you may want to go with the PAS as you may be able to recoup some of the money you invested in your home.

The good news is that either route saves you from a short sale and ruined credit. With HAP benefits your negative is covered between 90-95% and when you are ready to buy your next home your credit is intact.

If you are an active duty military family in Northern Virginia who qualifies for the Department of Defense Homeowners Assistance Program (HAP) then let my record of success in working with the program to work for you.  Remember the deadline for PCS orders has been changed to September 30, 2010.  Don't worry if you have already left the area and are renting your home you may till qualify for HAP beneftis. Call me at 703-346-2213 to talk about your options.

SOLD IN KINGS PARK IN SPRINGFIELD VIRGINIA