If you or your spouse are in the military and are facing a short sale situation with your home, here is some information that may be of use to you. (If you’re looking for an article about short sales and what they mean go here.)
It’s called the Home Owners Assistance Program and it assists homeowners who are in an area where property values have declined, and who will be forced to sell their home at a loss when they are required to move due to base closure or realignment announcement.
It has been expanded to assist “service members and DOD employees who are wounded, injured or become ill when deployed, surviving spouses of service members or DOD employees killed or died of wounds while deployed, service member and civilian employees assigned to BRAC 05 organizations, and service members required to permanently relocate during the home mortgage crisis.”
The website has a lot of information on who is eligible for this assistance and how to go about applying for assistance so if you’re interested in more information click here.
