Wednesday, November 30, 2011

What are my options if house hasn't sold when husband gets his orders?

My husband is currently in basic training and graduates in mid-January. Then he goes to tech school for another month. What are my options if we haven't sold our house before he is due to report to his base?|||For him, he reports to his duty station.





The military doesn't care where you live.





But you cannot collect BAH and live in the barracks, after Tech School, unless he is on an unaccompanied tour.





IE: Its your house, so its your problem to deal with.|||You either try to rent it out or stay behind till it sells.





Keep in mind after training he gets BAH for where he is stationed. He won't be able to live in the barracks either. If you live on base housing (if available) you have all of your BAH taken back.





If you find a cheaper place off post you pocket the rest of the BAH. However trying to maintain two houses is a lot of money.





EDIT: Yes you can collect BAH if you are renting the house however if you live on post your BAH goes for that.





Beware with renting though. Make sure you have a legit contract and every detail is covered. Even people who pass has good renters may not be. http://www.ahrn.com/|||Get a power of attorney specifically allowing you to sign his name to any document related to the sale of real estate.





If you put a provision that it specifically applies to your house (with address), that is good.





Have your husband sign it in front of a notary %26amp; get the notarial seal.





You can try asking your mortgage company of they have a standard POA that has all the language they want/need, although that is not required.|||Live in it or rent it out.|||Hope you have a good realtor.|||Hello Valerie,





YES.





Your house is your own private concern. Your husband will receive the authorized BAH (Basic Allowance for Housing) allowance based on the location of his next base. Now, he received BAH based on the Lackland AFB Texas area.





Whether you own a house or not, he always receives the BAH (unless he is residing in on-base housing; and this is a remote possibility for an Airman to get a house on-base.)





You are going to have to:





#1. Stay where you are and he lives in the barracks until your house sells. But, it might take years to sell a house these days.


#2. Turn your house over to a rental agency to try to get as much of your mortgage + fees out of the renter while you rent an apartment off-base at your husband's new base.


#3. Leave the house vacant, keep paying the mortgage, and rent as cheaply as possible at your husband's first base.


#4. If you want to keep the house because you are not sure if your husband will make the military a career and you want to return and move back into your house, then, list it with a property management company.





Either way, your house is your responsibility and the military will always pay the BAH at your husband's pay grade and he cost of living index as the base he is stationed. Not where your house is.





So, you may even out; but, that is unlikely. Because even if you go to a rental property management company renters have a habit of not taking care of your house as you would. You will find that there will be broken "things" over a 4 year period your husband is in the military - plumbing, refrigerator, hot water heater, furnace, etc., etc.





Your husband may have to pay more of his pay after taxes to keep up two residences.





And, if you rent the house you have to pay income taxes on the "profit." But, you can deduct the expenses.





And, you may have to go to work to make up the difference for the apartment rental expenses at the first permanent base you go to. You need about $2,000 to get settled in an off-base rental. First and Last month's rent; utility deposits, etc.





You can find property management companies in your area in the local yellow pages phone books. Whether they deal with "military" people exclusively, I doubt it. You are just like anybody else who has to rent a house.





Best wishes,





Larry Smith


SMSgt, USAF (Ret.)


First Sergeant|||I would recommend finding a realtor and working a deal. Talk to your legal representatives on base or his base. The military offers free legal services. They can really help you out or at least provide power of attorney's for you for free. You aren't the first person in this situation they know how to best assist you.

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