Posts tagged hap hawaii

Short Sale Mortgage Relief For Military Borrowers

Jul 28th

Posted by Hawaii Homes in HAP

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Freddie Mac Statement On FHFA Announcement Of Short Sale Relief For Military Borrowers

Fannie Mae and Freddie Mac have agreed to allow military members who are ordered to switch bases and who are still current on their mortgages to sell their homes through a short sale — one in which the homeowner sells the home for less than the outstanding mortgage amount.

The following statement was released today by Paul Mullings,  Interim Head of Single Family Business and Information Technology, Freddie Mac (OTC: FMCC):

“Freddie Mac is proud to support this important new effort to help servicemen and women when national duty requires them to sell their homes in an uncertain market.  We look forward to working with our servicers on this new short sale policy.  Together we can help ease the challenge of relocation for military families when Permanent Change of Station orders are received.”

News Facts:

  • Today’s directive from the Federal Housing Finance Agency (FHFA) means Permanent Change of Station (PCS) orders will be considered a hardship for the purpose of qualifying borrowers serving in the armed forces for a short-sale.
  • Once implemented the new policy will enable borrowers with PCS orders to sell a primary residence purchased on or before June 30, 2012 for less than the balance on their mortgages without first being in default.  Freddie Mac will also not pursue deficiency judgments or a contribution under the new policy.
  • Freddie Mac policy currently requires mortgage servicers to treat PCS orders as a hardship for a loan modification or a forbearance.
  • Freddie Mac and its servicers have helped more than 656,000 distressed borrowers avoid foreclosure since 2009, more than 116,802 of them through short sales and similar alternatives

“As FHFA Acting Director DeMarco announced today, Fannie Mae will issue guidelines to make military families that receive PCS orders eligible for short sales and deeds-in-lieu of foreclosure.  These ‘graceful exits’ allow homeowners to avoid foreclosure if an affordable monthly payment cannot be created.  Any military family with a Fannie Mae-backed loan that is having difficulty making their mortgage payments can call 877-MIL-4566 or visit www.KnowYourOptions.com/Military for help in preventing foreclosure.

Options for Military Service Members

If you’re a service member struggling with your mortgage payment, you may qualify for a special military hardship. Additionally, military service members have protection against foreclosure for 9 months following termination of active duty. See below for details. You can also visit Army OneSource or Military OneSource.

Military Hardship may be an option if:

  • You’ve received Permanent Change of Station (PCS) orders
  • You’re in active duty service (or just left)
  • You (or your spouse) have been injured in active duty

Be sure to visit KnowYourOptions.com and MakingHomeAffordable.gov to learn more about refinancing, modification programs and other options available for homeowners.

On KnowYourOptions.com, you can access refinance and modification calculators so you can estimate payments and possible monthly savings. In addition, find Frequently Asked Questions, Contact Information for HARP Lenders and Mortgage Servicers and more.

The Fannie Mae Loan Lookup enables mortgage borrowers to quickly determine if Fannie Mae owns their loan by providing a street address, unit, city, state, and ZIP code.

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Ewa Gentry Cortebella HAP Program

91277 Makalauna Pl 6 Home in Ewa Gentry Cortebella HAP Program

May 3rd

Posted by Hawaii Homes in HAP

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91277 Makalauna Pl 6 Single Family Home in Ewa Gentry Cortebella

 

Single Family
ML#: 1105188 SOLD List: $310,000 FS – Fee Simple
TMK: 1-9-1-010-059-0006
Addr: 91277 Makalauna Pl 6
City: Ewa Beach HI Zip: 96706
Regn: Ewaplain Neighborhood: EWA GEN CORTEBELLA
Roofd Liv Ar: 1,150 New Dev/Const: No Bedrms: 3
Roofd Oth Ar: Yr Built: 2001 Baths: 2 / 1
Opn Lanai Ar: 24 Remod Yr: Furnished: Partial
Garage SF: 370 Mon Maint Fees: $243
Land SF: 3,000 Fractional: No Mon Assn Fees: $35
Acres: 0.069 Flood: D Other Mon Fees: $
Zoning: 11 – A-1 Low Density Apartment Mon Rental Inc: $ Total Mon Fees: $278
Assd Val Land: $174,100 Tax Year: 2011 Elem School: Holomua
Assd Val Imprv: $168,700 Mon Taxes: $94 Middle School: Ilima
Assd Val Total: $342,800 Home Exemp: 0 High School: Campbell
Community Assn: Gentry Cortebella Community Assn #: 352-5144 CPR: Yes   Public Rpt #: 4602
LO:East Oahu Realty, Inc. LO#: (808) 396-2000 LT: ER Comp: 3 Dual/Var: Yes
LA: Frank Diaz LA#: (808) 791-2277 Desig: RA GE Tax by Seller: Yes Method: Dual/V
Comp Subj To: LNDR
LA Email: frank.diaz@eastoahu.com Pgr#: (808) 791-2277 LA Cell#: (808) 723-0900 Fx#: (808) 396-2020
LD: 4/29/2011 XD: 10/25/2011
DOM: 5 Lock Box: YView Sentrilock Keybox Settings View Sentrilock Showing Activity
Call Frank at 723-0900. On Sentrilock. Tenant’s lease may be negotiable. Subject to HAP approval. Estimate 90-150 days to close. Use Julie Deguair – ORTC Kapolei.
Well maintained Cortebella. A/C units and ceiling fans keep it cool. Large Master Suite and 2 BRs upstairs. Ground floor with kitchen. Pool and recreation center within 200 yards. This is a HAP(Homeowner’s Assistance Program) sale and subject to approval from the US of A. Estimate 3-6 months to close. Tenant lease until 04/2012. Extra (3rd) parking pass available for overnight/guests.

Subject to HAP Program approval. Estimate 90-150 days to close. Use Julie Deguair – ORTC Kapolei.

Ewa Gentry Cortebella HAP Program

Ewa Gentry Cortebella Military HAP Program

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Front Ocean Pointe Ewa Beach Home

Kapolei Parkway 3 Bedroom 2.5 Bath Home Ewa Beach

Aug 13th

Posted by Hawaii Homes in Ewa Beach

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Kapolei Parkway Single Family Home Ewa Beach

To see a property factsheet, click here Kapolei Parkway 3 Bedroom 2.5 Bath Home Ewa Beach

3 Bedrooms/2.5 Baths
• Interior Living Area: 1,456 sq. ft.
• Land Area: 3,870 sq. ft.
• Monthly Association Fee: $62
• Monthly Taxes: $110
• Schools: Keoneula Elementary, Ilima Middle, Campbell High
This home features custom blinds, Corian counter tops, central A/C with ceiling fans in each room. Landscaped yard with custom tile, water and electrical hookups. Affordable living in Ocean Pointe! Located within fast and easy access to Fort Weaver Road (recently widened). Consists of alarm system, builder & termite warranties. Please note this is a HAP sale and subject to approval.

Single Family
ML#: 1010557 Active List: $446,000 FS – Fee Simple
TMK: 1-9-1-128-012-0000
Addr: 916495 Kapolei Pkwy
City: Ewa Beach HI Zip: 96706
Regn: Ewaplain Neighborhood: OCEAN POINTE
Roofd Liv Ar: 1,456 New Dev/Const: No Bedrms: 3
Roofd Oth Ar: Yr Built: 2004 Baths: 2 / 1
Opn Lanai Ar: Remod Yr: Furnished:
Garage SF: 400 Mon Maint Fees: $
Land SF: 3,870 Fractional: No Mon Assn Fees: $62
Acres: 0.089 Flood: D` Other Mon Fees: $
Zoning: 05 – R-5 Residential District Mon Rental Inc: $ Total Mon Fees: $62
Front Ocean Pointe Ewa Beach Home

Front Ocean Pointe Ewa Beach Home

PartialBack Ocean Pointe Ewa Beach Home

PartialBack Ocean Pointe Ewa Beach Home

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HAP Army Military Housing Assistance Program

Feb 17th

Posted by Hawaii Homes in Military

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Military Housing Assistance Program – Extended HAP

Members of the Armed Forces permanently reassigned (PCS) during the mortgage crisis

Military Personnel Only

1. Permanent reassignment requires move of more than 50 miles.

2. Reassignment ordered between 1 February 2006 and 30 September 2012.

3. Property purchased (or contract to purchase signed) before 1 July 2006.

4. Property was the primary residence of the owner

5. Owner has not previously received these benefit payments.

6. If you are a member of the Armed Forces who is PCSing or has PCSed, download the application packet and complete the application. Carefully read all instructions, and mail your completed application to the USACE district responsible for the area in which your home is. Once DoD implementing guidance is received the district will contact you concerning your eligibility and benefits.

The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees.

Military PCS Eligibility

• Military personnel only.

• PCS orders dated 1 Feb 2006 thru 30 Sep 2012.

• Must have purchased home prior to 1 Jul 2006.

• County, parish, city home values must have declined at least 10%.

• Individual home value must have declined at least 10%.


 

Hawaii Military Housing
Hawaii Military Housing
Click here for HAP overview
Click here for Wounded, Injured, Ill/Surviving Spouse Program information.
Click here for BRAC '05 Impacted Personnel program information.
Click here for Service Member Homeowners on PCS program information.
Hawaii Military Housing

Housing Assistance Program Military PCS

Dec 1st

Posted by Hawaii Homes in Relocating

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Housing Assistance Program – Extended HAP – Military PCS Stimulus Funds Available

Members of the Armed Forces permanently reassigned (PCS) during the mortgage crisis

Military Personnel Only

1. Permanent reassignment requires move of more than 50 miles.

2. Reassignment ordered between 1 February 2006 and 30 September 2012.

3. Property purchased (or contract to purchase signed) before 1 July 2006.

4. Property was the primary residence of the owner

5. Owner has not previously received these benefit payments.

6. If you are a member of the Armed Forces who is PCSing or has PCSed, download the application packet and complete the application. Carefully read all instructions, and mail your completed application to the USACE district responsible for the area in which your home is. Once DoD implementing guidance is received the district will contact you concerning your eligibility and benefits.

The Department of Defense (DOD) is proud to offer the Homeowners Assistance Program (HAP) to eligible service members and federal civilian, including non-appropriated fund, employees. 

Military PCS Eligibility

• Military personnel only.

• PCS orders dated 1 Feb 2006 thru 30 Sep 2012.

• Must have purchased home prior to 1 Jul 2006.

• County, parish, city home values must have declined at least 10%.

• Individual home value must have declined at least 10%.


 

 

Hawaii Military Housing

Hawaii Military Housing

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