C.A.R.'s Housing Affordability Fund

Mortgage Protection Program

This program is designed to restore confidence and assist as many as 3,000 first-time homeowners who purchase a home between April 2, 2009, and Dec 31, 2009.

This new program will remove the nagging "what if" scenarios that a FICO score of 850 cannot shield buyers from: job loss, disability, or death of the buyer or co-buyer.  If a job loss, or worse, does occur then the protection program is utilized.

C.A.R.H.A.F. has committed $1 million to support this effort.  First time home buyers who enroll in the program can draw upon their mortgage protection policy in the event they lose their job after purchasing their home.  Under the program, eligible first-time buyers will be able to receive $1,500 / month for six months in the event of a job loss; co-buyers are eligible to receive $750 / month.  In the event of the death of the insured, the policy will provide a $10,000 death benefit. 

To discuss more about this program.  Please do not hesitate to call me / email me to get more specifics.  

Jess Mangubat

First Time Home Buyer Seminar LA CONVENTION CENTER

Free Southern California Home Buyer's Fair this weekend Thousands of potential home buyers are expected to converge this weekend for the Southern California Home Buyer’s Fair at the Los Angeles Convention Center in downtown Los Angeles. Sponsored by C.A.R. and the “Los Angeles Times,” the second annual Southern California Home Buyer’s Fair is open from 10 a.m. to 5 p.m. Saturday, April 18, and 11 a.m. to 4 p.m., Sunday, April 19. The event is free to the public. In addition, the first 200 attendees each day will receive a free movie ticket (one ticket per person). The Fair features more than 50 educational “how-to” seminars designed to help home buyers navigate today’s real estate market with confidence and peace of mind. Seminar topics range from monitoring and fixing credit, finding and applying for a mortgage, to purchasing a foreclosure, short sale or REO. Several of the sessions also will be offered in Spanish. The Southern California Home Buyer’s Fair (www.homebuyersfair.com) also will feature nearly 75 exhibit booths, where attendees can obtain information from industry experts about homeownership and the home-buying process. Please help us make this event a success with consumers by promoting the Southern California Home Buyer’s Fair. C.A.R. has prepared a fact sheet members can share with clients at http://www.car.org/media/pdf/Consumer_Flyer.pdf. We also have created online advertisements (Web banners) for members’ use. Simply copy and paste the HTML code and place it on your Web site. Visit www.homebuyersfair.com/banner for more information. Hope to see you there and call me if you have any questions!