Help for Military Families Who are On the Move and "Upside Down"!
More details have been released on the program for military families that are transferring and facing a loss due to declining property values.
Some of the highlights:
· Must have owned the home prior to July 1, 2006
· PCS’ed (transferred) after Feb. 1, 2006 and before September 30, 2012
· Benefit available one time only
· Applications where the service member is in danger of foreclosure will be given priority status
· Government purchase program available after the home has been marketed for 120 days, but benefits are better when home is sold through a real estate agent.
· DOD guidance is anticipated by mid April 2009
· Applications are estimated to take 90-120 days to process before benefits payments are received.
To read the FAQ’s and learn more, visit the web page Homeowner’s Assistance Program.
Download the application.
Pass this on! Call Team Byerly at 813-426-5981 or email michaelann@kw.com if you have any questions about how this might benefit you or someone you know.