Does anyone have any additional information regarding the expanded HAP program (military housing assistance program)? In the latest stimulus package, the program was expanded to include those who purchased their homes prior to July 1, 2006 and will sell prior to July 1, 2012. Prior to that it was just for base closures. What has yet to be released is how the program will work? What are the details? What will they use for home value?
We've received orders to Kansas and are trying to decide what to do with our home. We could sell for a $100,000 loss or rent for $500 per month loss. We're fortunate where we're not looking at a foreclosure or short sale. Unfortunately, we don't have any really good options and are hoping that the HAP program can help us regain some financial footing.
