Archive for March, 2009
Housing Affordability Fund Mortgage Protection Program
March 31st, 2009 categories: Buyer's Advice
Through the California Association of Realtors (C.A.R.) Housing Affordability Fund Mortgage Protection Program first-time home buyers who lose their jobs due to layoffs ma
Mortgage Protection Program
y be eligible to receive up to $1,500 per month for up to six months to help make their mortgage payments. A qualified co-buyer also can participate in the program, for a reduced monthly benefit of $750 per month for up to six months in the event of a job loss. Program benefits also include coverage for accidental disability and a $10,000 death benefit. C.A.R.’s Housing Affordability Fund is dedicating $1 million to the program this year, and estimates that as many as 3,000 families will benefit from the program throughout 2009.
To qualify for the Mortgage Protection Program, applicants must:
. Be a first-time home buyer – someone who has not owned a home in the last three years
. Open escrow April 2, 2009, or later, and close on or before Dec. 31, 2009
. Use a California REALTOR® (YOURS TRULY) in the transaction
. Purchase the property in California
. Be a W-2 employee (cannot be self-employed or military personnel)
First-time home buyers must request an application for the H.A.F. Mortgage Protection Program from their REALTOR®. For applications and other information on this exciting new program, go to www.car.org/aboutus/hafmainpage/ or contact Monica Rodriguez at (213) 739-8380 or monicar@car.org.
Protection
The Mortgage Protection Program is a proactive approach by C.A.R. to address consumers’ concerns about the real estate market and their ability to make their mortgage payments should they loose their job.
Please do not hesitate to contact me if you have any urges to buy a home in a Buyers Paradise. Just sayin 
Your Realtor & EcoBroker 714.943.0444
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HOMEOWNERS BEWARE – Foreclosure Rescue Scams
March 26th, 2009 categories: Buyer's Advice, Realtors, Seller's Advice
Beware
BEWARE: Foreclosure Rescue Scams
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Bruce Lee Ping Pong
March 10th, 2009 categories: Real Estate Fun
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