Lennar Urges Prospective Homebuyers Not To Be Blindsided By Foreclosures And Short Sales

June 2, 2009 - PRLog -- MIAMI, Fla. – Why take the risk and buy a used foreclosed home or a short sale when you can afford a brand new one? That’s what Lennar, one of the strongest names in the homebuilding industry is asking all Southeast Florida prospective homebuyers, and urging them to become aware of the potential unforeseen problems that could be hidden with a foreclosure or short sale property.

To reinforce that purchasing a brand new Lennar home is an affordable option that should not be passed over, the homebuilder is encouraging prospective homebuyers to visit one of its 17 Communities in Miami-Dade through the Treasure Coast this weekend and compare the great values available on all ready to move-in brand new Lennar homes versus a foreclosure or short sale property currently on the market.

“In today’s market, foreclosed & short sale properties can seem like the way to go for many homebuyers looking for the right deal, but there is a lot of leg work involved in order to find the right one, and once they think they found it, prospective buyers are kept waiting unreasonable amounts of time in order to find out if they will even be the ones whose offer will be accepted,” said Frank Fernandez, Director of Sales and Marketing for Lennar’s Southeast Florida division. “For those who do get to close on a foreclosure or short sale deal the possibility that there can be costly unanticipated repairs which are not covered under warranty is very real.”

Lennar is advising buyers to be aware that time is running out to take advantage of the current deals and incentive packages being offered for brand new homes. Right now the homebuilder is providing some of the lowest prices and interest rates ever seen for a new home including $0 closing costs† on select residences throughout South Florida. Plus, Lennar’s preferred lender, Universal American Mortgage Company, is offering lower than market interest rates starting as low as 4.375% (4.88% APR)** fixed for life.

These incredible incentives are on top of Lennar’s already low home prices and are in addition to the government stimulus package tax credit for first-time homebuyers which provides up to $8,000*. This package is not a loan and does not have to be paid back.

“Our Company is urging prospective homebuyers to give a Lennar New Home Consultant the opportunity to inform them of the different affordable options available right now on a brand new Lennar condo, townhome or single-family home,” said Fernandez. “We realize that the purchase of a home is probably the largest investment one will make in a lifetime, and it’s because of this that we value every customer’s needs and wants and are eager to assist them in any way possible.”

The Southeast Florida division of Lennar offers a variety of communities to suit every lifestyle, including an active adult community.

Single-family homes are priced from the upper $100s to the $900s, townhomes are priced from the low $100s to the $300s, and condominium residences are priced from the $90s up to the $500s. 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 of simply including the most desired features in every home as standard at no additional cost.

For more information on Lennar’s Southeast Florida Communities from Miami-Dade through the Treasure Coast call 888-346-8735. Or visit http://www.Lennar.com.


Disclaimer if required 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 as determined by Lennar, for purchase agreements written between 6/6/09 and 6/7/09 and applicants must reserve loan funds and closing must occur no later than 6/30/09.**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. 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. Financing offer available only through qualified buyers financing through Universal American Mortgage Company and closing at designated closing agent. FL Mortgage Lender License #ML 0700915. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Prices subject to change without notice. Lennar Homes, LLC -QB 3682.