C.A.R. Mortgage Protection Program

The Housing Affordability Fund (http://www.car.org/tools/haf/ ) launched a new program on April 2, 2009, in order to ease the minds of first-time-home buyer's who were worried about potential job loss due to the current economy, and subsequent challenges in making their mortgage payments.


With the FREE C.A.R. Mortgage Protection Plan, qualified buyers can receive up to $1,500 per month for up to six months should they lose their jobs, and qualified co-buyers can also receive up to $750 for up to six months to be put towards the mortgage payment.

In order to qualify for the CAR Mortgage Protection Plan, a Buyer must:

1. Be a first-time home buyer (must not have owned a home within the past three years).

2. Open Escrow after April 2, 2009, and close before December 31, 2009. UPDATE: CAR HAS EXTENDED THE PROGRAM THROUGH 2010!!!

3. Use a California Realtor.

4. Be a W2 employee (must not be self-employed).

Please click on the links below for additional information!


Frequently Asked Questions:

http://www.car.org/3550/pdf/204893/Revised_Jul2009_HAFMPP_FAQ.pdf

Samples:

http://www.car.org/3550/pdf/204893/Program_Samples.pdf

Application:

http://www.car.org/3550/pdf/204893/HAF_MPP__FINAL_APPLICATION_1.pdf



Why not take advantage of this incredible offer - it is free! If you have any questions regarding your eligibility, please feel free to contact us directly.
Have a wonderful day and Happy House Hunting!

Sincerely,
Stephanie Frymyer
http://www.serenefoundations.com/

Long Beach & Lakewood Market update for 09/21/09

Like last week, things are looking up in the local markets! Here are the latest numbers for Long Beach and Lakewood as of 09/21/09:

REAL ESTATE PRICE & DAYS ON MARKET TRENDS FOR LONG BEACH

The median single family home price as of September 21, 2009 for LONG BEACH is $380,436 (about $1,000 more than last week).

The Average Days on Market in LONG BEACH as of September 21, 2009 is 169 days (2 days less than last week).




REAL ESTATE PRICE & DAYS ON MARKET TRENDS FOR LAKEWOOD

The median single family home price as of September 21, 2009 for LAKEWOOD is $389,850 (about the same as last week).

The Average Days on Market in LAKEWOOD as of September 21, 2009 is 129 days (3 days less than last week).



Numbers and charts courtesy of Christy Van & Robert Strausas, USA National Title Company.
Christy Van
(562) 544-3602
cvan@usanationaltitle.com




Have a great Tuesday everybody!!!!

Sincerely,
Stephanie Frymyer
Your SoCal Home Specialist