Mission Viejo and Orange County, California Real Estate Blog

First Time Buyer Loss of Job Mortgage Protection announcement
April 1st, 2009 9:53 AM

Tuesday, March 31, 2009   
Brought to you by the CALIFORNIA ASSOCIATION OF REALTORS®  
I am very pleased to announce that this Thursday, April 2, C.A.R. will launch a new program designed to provide peace of mind to first-time buyers who are hesitant to enter the housing market due to concerns about potential job loss, and subsequently being unable to meet their monthly mortgage obligations.

Through the C.A.R. Housing Affordability Fund Mortgage Protection Program (C.A.R.H.A.F. MPP), first-time home buyers who lose their jobs due to layoffs may 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, or 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® 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®. Ask your Realtor for the application and other information on this exciting new program. 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 jobs. I encourage you to take full advantage of this new program by sharing information about the C.A.R.H.A.F. Mortgage Protection Program with your clients. There is no cost to either you or your clients to participate.           Written by;  James Liptak 2009 C.A.R. President

Update on Bank Owned, Foreclosed homes for sale in Mission Viejo, Ca. brought to you by Gail McClendon @ 949 422-4343 with Century 21 Beachside. Email me at gail.mcclendon@century21.com or visit www.viphousesearch.com.

Gail McClendon  Residential    
23032 Via San Gabriel    
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Mission Viejo Central (MC)
Orange County (OR)

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Gail McClendon  Residential    
26531 Estanciero Dr    
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Mission Viejo Central (MC)
Orange County (OR)

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Gail McClendon  Residential    
23046 Stoneridge    
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Mission Viejo Central (MC)
Orange County (OR)

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Gail McClendon  Residential    
25899 Marguerite Pkwy 1101    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
26251 VIA ROBLE 13    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
23386 La Crescenta C    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
27422 La Cabra    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
27462 Limones    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
23881 Cypress Ln    
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Mission Viejo North (MN)
Orange County (OR)

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Estimated 
 

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Gail McClendon  Residential    
26501 Via Lara    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
26451 Via Logrono    
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Mission Viejo North (MN)
Orange County (OR)

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Gail McClendon  Residential    
26834 Alexandrite    
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Mission Viejo South (MS)
Orange County (OR)

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Gail McClendon  Residential    
26432 San Ramon Way    
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Mission Viejo South (MS)
Orange County (OR)

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Gail McClendon  Residential    
27118 Pacific Terrace Dr    
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Mission Viejo South (MS)
Orange County (OR)

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Gail McClendon  Residential    
25899 MARGUERITE 101    
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Out of Area (OA)
Orange County (OR)

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Posted by Gail McClendon on April 1st, 2009 9:53 AMPost a Comment (0)

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