• psst … I’m a Realtor! Thanks for stopping by my website. I would love to help you find your dream home and community in the Hampton Roads or Williamsburg area or to sell your existing home. This website is authored by local resident and REALTOR, John Womeldorf. John is known around town as Mr. Williamsburg, for both his extensive knowledge of Hampton Roads and the historic triangle, and his expertise in the local real estate market. His websites, WilliamsburgsRealEstate.com and Mr Williamsburg.com were created as a resource for folks who are exploring a move to Williamsburg, VA , Hampton Roads VA and the surrounding areas of the Virginia Peninsula. On his website you can search homes for sale , foreclosures, 55+ active adult communities, condos and town homes , land and commercial property for sale in Williamsburg, Yorktown, New Kent, Poquoson, and Gloucester, VA as well as surrounding markets of Carrolton, Chesapeake,Gloucester, Hampton, Isle of Wight, Portsmouth Mathews, Newport News Norfolk, Poquoson, Smithfield, , Suffolk, Surry, Va Beach, Yorktown and York County Virginia You can reach John by email John@MrWilliamsburg.com or phone @ 757-254-813

DOD to help Hampton Roads Military Home Sellers

Hampton Roads VA has many military families who maybe in for some help in selling their home courtesy of Uncle Sam.

 The President signed the American Economic Recovery Act which included expansion of the HAP authority. HAP is a DOD program, and DOD will establish policy guidance on applicant processing and benefits. Until that time, potential applicants may submit applications to appropriate HAP districts; however, no action will be taken on the applications until any change to the HAP authority has been enacted and DOD guidance is received.

Their is a provision in Congress’ economic recovery package that may provide relief to Military Home Sellers who are trying to sell for less than they owe on their mortgages..

The stimulus package includes $555 million in aid to compensate military service members who are given orders and must sell their homes for less than market value. The Department of Defense would reimburse the individuals for up to 95 percent of the loss if the homes were purchased before July 1, 2006. The department could also elect to purchase the homes for up to 90 percent of the fair market value.

Many families are waiting for clarification on  whether the DOD will use the value of the home at the time of purchase or the value in today’s market.

The defense department is reviewing the program to determine the eligibility requirements but it has set no deadline for decisions.

The legislation , administered by the Army Corp of Engineers is an expansion of the Homeowners Assistance Program.

Originally created to help military personnel forced to sell their homes after a base closing it is being expanded to include those affected by the housing downturn would last until 2012. However, those who bought after the July 2006 deadline are not eligible.

You can find out more about the HAP Program here

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