Replies to This Discussion

Permalink Reply by Mike Linkenauger on January 6, 2010 at 12:17pm

Its good that our government is making some effort to help those who serve our country. Sounds like a pretty good plan!

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Permalink Reply by Troy Sage on February 6, 2010 at 1:07pm

I have worked this program on a few deals and have found the system works best when the homeowner contacts HAP first and gets pre-qualified. It's a great program for active military that have a permanent relocation over 100 miles from their current permanent location, or their base has closed. If the military personnel does not have a permanent relocation, then it's a wast of time to submit the application.

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Permalink Reply by Sonia Shanahan on March 9, 2011 at 8:01pm

I just want to thank you so much for posting this information! I have a prospective couple who is active military and being relocated. I will be meeting with them in a few days and I have been trying to find information on short sales for active military so I am "armed" with some knowledge. Pun intended. ;) They are not behind yet but they will not be able to afford to pay for their current home once relocated. So, I guess the most important question for me to ask them is if this is a permanent relocation. Is there anything else you would suggest? Thanks again!

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Permalink Reply by Andrew Thurber on February 8, 2010 at 12:32pm

thanks Tony. Good info!

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Permalink Reply by Elva Branson-Lee on March 12, 2011 at 10:15am

Adding my thanks, Tony.

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Permalink Reply by Ernie Dill on February 29, 2012 at 12:21pm

Suggestions please for coordinating HAP and Servicer -

 

I have full and final approval of a short sale from Greentree as Servicer for a Marine Major and family transferring from Quantico to Pendleton.  Net to GT's investor ~ $245k.  The UPB is $393k.

The HAP Folks also approved and funded at ~ $388k.  But the Sellers will have to fund a refinanced amount and some costs associated, almost $10k. 

I'd like to be fair to the Investor and get them the higher amount.  I've sent the HAP Agreement and Contract to the Negotiator at GT.

Sellers' concern is better outcome on their credit ostensibly if chargeoff is smaller.

Any thoughts?

Thanks.

Respectfully,

Ernie

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