Lennar Celebrates This Bailout's For You Sales Event This Weekend In South Florida

April 14, 2009 - PRLog -- LENNAR CELEBRATES ‘THIS BAILOUT’S FOR YOU’ SALES EVENT THIS WEEKEND IN SOUTH FLORIDA

MIAMI, Fla. - Corporations should not be the only ones benefitting from bailouts. This weekend April 18 and 19, the Southeast Florida division of Lennar, one of the nation’s leading homebuilders, is bailing prospective homebuyers out with incredible prices, incentives and interest rates that make it simple to buy a new home in today’s current real estate market.

Recent reports indicate that homebuyers are realizing that now is the time to buy and are taking advantage of the current housing market conditions. The U.S. Census Bureau reported at the end of last month that sales of newly constructed homes rose unexpectedly in February, nearly rebounding 5 percent, the first increase since July.

Lennar is inviting anyone considering the purchase of a home to stop by one of its 17 Communities located throughout South Florida this weekend and talk to a New Home Consultant about the current opportunities available, which will not last much longer.

The special “Bailout” offers include some of the lowest prices and interest rates not seen in decades for a new home.

Lennar is offering $0 closing costs† on select residences from Miami-Dade through the Treasure Coast. Additionally, Lennar’s preferred lender, Universal American Mortgage Company, is offering lower than market interest rates starting as low as 4.25% (4.66% APR) fixed for life.**  Now, homebuyers can own a brand new $185,000 home for as little as $1,336 a month (P.I.T.I.).**

These “bailouts” are on top of Lennar’s already low home prices and are in addition to the government’s “new and improved” first-time homebuyer tax credit of up to $8,000*. If you haven’t owned a home in the last 3 years you may qualify to receive this government tax credit. It’s not a loan and there is no re-payment.

“Lennar strongly believes everyone should experience the feeling of coming home to a place they can call their very own,” said Frank Fernandez, Director of Sales and Marketing for Lennar’s Southeast Florida division. “With the incredible combination of offers, government tax credit and financing available, there’s no better time than now to purchase a brand new home.”

Lennar is a homebuilder currently celebrating its 55-year anniversary with homes in various markets across the country. Homebuyers can feel confident that with this longevity of solid business practices and financial stability they are buying from a homebuilder who will be here tomorrow.

The Southeast Florida division of Lennar offers a variety of homes from single-family, townhomes, and condominium residences to active lifestyle communities that offer homebuyers the very best amenities.  Regardless of what type of home you choose, you will still enjoy the value-added benefits of Lennar’s “Everything you want. Everything you need.” philosophy. Prices start in the $90s and simply include the most desired features in every home as the standard at no additional cost.

Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For information on Miami-Dade Communities call 866-380-7557, for Broward Communities call 866-201-5543 and for Palm Beach/Treasure Coast Communities call 888-346-8735. Or visit Lennar.com.

Disclaimers If Needed By Publication:
*First-time homebuyer is any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Tax Credit is subject to eligibility requirements. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Credit is subject to 3-year ownership requirement. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. †**Offers are available on select homes, within select communities as determined by Lennar, for purchase agreements written between 4/18/09 and 4/19/09 and applicants must reserve loan funds and closing must occur no later than 4/30/09. **Limited funds are available; offer may change upon exhaustion of funds. Specific FHA loan terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 620, owner occupancy requirements and/or any changes in investor guidelines or programs. Payment shown is based on a FHA 30 years financing at a rate of 4.25% (4.66% APR) with 3.5% down payment and sales price of $185,000. Monthly payment shown does not include community dev district fee or HOA fees. Monthly payment includes principal & interest, monthly mortgage insurance, monthly hazard insurance, monthly flood insurance and monthly property taxes. FHA jumbo loans not permitted. Rates may change or not be available at the time of loan commitment, lock-in or closing if funds are exhausted. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. †Seller will pay closing costs as defined on your Good Faith Estimate, excluding prepaid, subject to seller contribution limits. FL Mortgage Lender License #ML 0700915. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Lennar Homes, LLC -QB 3682.

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About Lennar Corporation
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities. Currently the company builds homes in 16 different states in some of the finest markets across the country.