Upside Down Mortgage

Mortgage Help For Military Members

Question: Are there any programs under the new Homeowner Affordability Act to assist military members after a PCS?

If a member of the armed services is forced to move due to PCS, is there any relief for them if their mortgage is underwater or they are unable to sell their home? So far, all I've found are programs for "owner-occupied" properties, but what about those who can't occupy their own home due to a forced, government move?

Answer: Here's some information on the homeowners assitance program through the DOD which should help once you sell or are foreclosed on - not before. But with this program you could sell your house for less than you owe or take a loss and the government would repay part of it. This was just for BRAC but it was recently expanded.

http://hap.usace.army.mil/homepage.html

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