Colorado Springs Vintage Homes Blog
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How to buy a Fort Carson HAP home, or a Peterson AFB Hap Home
Don’t forget about HAP homes
For a Free Colorado Springs Relocation Guide, Email Kathy Torline at KTorline@msn.com
If you are buying a home around Peterson AFB, Schriever AFB, Fort Carson, or the Air Force Academy, you may want to know 
about HAP properties.
Related Articles:
- 6 BIG advantages of VA loans
- What is allowable for VA Seller Concessions?
- What are my housing choices near Fort Carson?
- Peterson AFB housing, what are my choices?
- 6 Key things to know about the Homeowners Assistance Program for Military families
HAP stands for Homeowner Assistance Program, and it is designed to help military service members sell homes that are worth less than they paid for it.
For example, if you are looking at a Colorado Springs home where the military seller owes $350,000 on the mortgage, and the home is only worth $300,000, this may be qualified for a HAP approved sale. If the seller qualifies, HAP will cover most of the mortgage loss at the time of sale, and allow you to buy it at it’s current market value. It’s important to note that this is not a traditional short sale and is not subject to lender(s) approval; consequently it doesn’t take nearly as long as a short sale.
HAP, which is run by the Army Corps of Engineers, assists military personnel who are PCSing (permanent change of station) with orders to a new base more than 50 miles away. To qualify Read the rest of this entry »
Relocate to an Award Winning City in the Colorado Rockies
Colorado Springs
Awards, Awards, and more Awards ……
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#1 by Money Magazine for best big city in the nation to work and live – Money Magazine August 2006
- #1 by Forbes for most Pet Friendly city – 2007
- #1 Winner of DogTown USA, most dog-friendly city – 2008
- #2 in population for percentage of veterans #3 by Forbes for best, fastest, growing, most business friendly metro
- #3 by MSNBC for best places to live in U.S.
- #4 by Frommer’s for best cities ranked and rated April 2007
- #4 Smartest City by BizJournals.com
- #5 by Kiplinger’s in “Best Cities to Live, Work and Play”
- #6 among top cities in Read the rest of this entry »
