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Breaking News: Free Home Mortgage Protection Program from C.A.R.

Posted on Apr 1, 2009 by in Active Rain | 0 comments

Breaking News:  C.A.R. is launching a Home Mortgage Protection Program! The Best part it is Free. 

James Liptak, the 2009 President of C.A.R (California Association of Realtors) has sent out an e-mail blast, notifying the membership. Effective this Thursday April 2,2009 C.A.R. will launch a new program designed to give peace of mind to the First Time Home Buyers, who are afraid or are hesitating to enter the housing market, because of concerns of potential job loss.

 This is fantastic news. Through the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F.MPP), first time home buyers who get laid off may be eligible to receive up to $1500 per month for up to six months to help make their mortgage payments.  Even Co-buyers may participate in the program at a reduce monthly benefit of $750 per month.

 To qualify for the Mortgage Protection Program, the applicants must be:

 •1.      Be a first-time home buyer-someone who has not owned a home in the past three years.

•2.      Open Escrow April 2, 2009 or later and close Escrow on or before December 31, 2009

•3.      Use a California REALTOR in the transaction.

•4.      Purchase the property in California

•5.      Be a W-2 employee (can not be self-employed or military personnel)

 This is truly innovative. There is no cost to the Realtor or the clients to participate in this program.. So who said you can not get something for nothing.So what is the hidden item? There is none.

If you are a consumer  who is considering buying  or selling  a home, investment real estate, vacation homes, or beach properties in Southern California, Los Angeles, Century City, Westwood, Beverly Hills, Culver City, Marina Del Rey, Venice or Malibu. Feel Free to give me a call at 310.486.1002 (USA) or email me at EndreBarath@TheMLS.Com  or visit one of my websites at http://www.endrebarath.com  

 

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