I'm closing a couple HAP transactions a month currently.
I do know that the HAP paperwork was submitted, sat on someone's desk for a month (according to the seller) and the seller also indicated that they have scheduled their movers for the end of April and are leaving for their next duty station on May 1 - and he hoping to close at the end of April - but closing is all contingent on the government. You are the first realtor that I've spoken to that has experience with HAP. (two are friends of mine who have not heard of it...as well as my current realtor!) It appears to me that it is almost like a shortsale.
Michelle, I was basically looking for a better understaning as to how the HAP works.. I am aware that it is in place for the Military seller, but being a first-time home buyer - I want to understand the process as it pertains to me - the buyer. it is not actually a shortsale - my offer has already been accepted - I have had my homeowners inspection, I already have my loan approved - everything is in place as far as what I need to do.
A seller would apply for assistance with the sale of their existing property on Form 1607, then proceed to purchase once pre-approved.
I expect you are applying to buy with a VA loan? if you would like answers to any questions about the local area, or a second opinion, I live in the area and specialize in this locality so I would be pleased to help.