HELP Mortgage Protection Program | Rainy Day Program Components | Eligibility
Builders offer Job Loss Payment
 According to a June 2009 article in Nation's Building News, job loss payment protection plans that insure consumer purchases on everything from cars to furniture — and now homes — are one of the hottest trends to get people buying during the recession.
Within the housing industry, the programs provide a safety net that many home buyers need in order to feel confident about making such a major purchase.
High production builders such as Lennar, Pulte Homes, Ryland Homes and Toll Brothers have initiated job loss protection plans. Many have partnered with the Rainy Day Foundation, a nonprofit established to create and maintain responsible homeownership, to provide that coverage.
Small Builder’s Program Creates Community Buzz, Traffic and Sales
Brookside Homes, based in Wilmington, N.C., launched its own builder-funded “Homebuyer Protection Plan” in April.
"No doubt the program restores confidence in the buyers," says Page Robertson, owner/manager of Brookside Homes. "We assume some of the risk our buyers would otherwise be burdened with. It frees them up to have an easier decision-making process, restores their faith that the American dream is still attainable and exemplifies our own faith in the economy."
Because the home buyer protection plan is not a mortgage insurance program, Brookside Homes has funded the program by escrowing funds for any necessary payments in its development company.
Robertson attributes six sales as well as increased traffic and Realtor® participation to the buzz created by the builder's "Homebuyer Protection Program."
For the full article visit Nation's Building News
Creative Alliances, LLC is offering special invitation to builders to beecome part of the HELP Program. Call Creative Alliances at (703) 831-1019 or send email apyles@creativealliances.com
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