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AID TO MILITARY FAMILIES IN STIMULUS BILL

By: Janice Baker - Exit Realty of Beaufort, SC

If you are one the many who purchased a home before July 1, 2006 and now find it necessary to sell your home, only to find out it is worth thousands of dollars less than what you paid for it, there may be some help for you. We haven’t heard much about this, but located in the thousands of pages in the Stimulus Bill, is a provision for Military families forced to move due to a Base closure, relocation assignment or combat wound requiring relocation near a health facility. The government is ready to step in with some aid. I first heard about this from a client, who was facing just this situation says Janice Baker with Exit Realty in Beaufort, SC. This is great news. I have done many “short sales” and we hear a lot about foreclosures, but there was definitely a gap in the system for our military personnel. I am glad to see this provision. Of course, there are guide lines and it is my understanding you can check with the Defense Department to get the details and see if you qualify.