Prudential Georgia Realty Now Offering Job Loss Protection
Hesitant to buy a home in today’s economy?
Concerned you’ll be laid off? HELP is here.
One Atlanta company has the solution…
Atlanta, GA – July 1, 2009 – (RealEstateRama) — Prudential Georgia Realty just introduced the first Job Loss Protection program for real estate to metro Atlanta home buyers and sellers. The HELP Program (Homeowner Education and Loan Protection) is administered by the Rainy Day Foundation and includes up to six monthly payments of $1,800 over a 24-month coverage period. That translates to $10,800 of protection in the event of an involuntary job loss. This program is only available from certified Prudential Georgia Realty agents.
“The unemployment rate in metro Atlanta is 9.7 percent and expected to clim b higher during the summer and fall. Everyone knows that it is a fabulous time to buy Atlanta real estate right now. Prices are at or near bottom, mortgage rates are still historically low and the selection of properties in unprecedented. The $8,000 1st Time Home Buyer Tax Credits requires homes close before November 30th and the State of Georgia $1,800 Tax Credit requires homes close before December 1st. However, many potential buyers are still waiting on the sidelines because they are afraid they may lose their jobs. The HELP program featuring Job Loss Protection is specifically designed for these buyers,” said Prudential Georgia Realty President and CEO Dan Forsman. “The HELP program really provides two important components. First, the peace of mind from Job Loss Protection will allow many buyers to realize the American dream of owning a home. Second, the education and personalized counseling available during the first two years will greatly increase the odds of the buyer staying in the home. Studies show most loan defaults occur in the first two years.”
The Homeowner Education and Loan Performance program is administered by the Rainy Day Foundation and marketed by becoming part of the Creative Alliances, LLC group. The HELP program featuring Job Loss Protection is available immediately through certified Prudential Georgia Realty agents.
Trendgraphix reports that 10 percent of the current homes on the market are selling each month. That means 90 percent are not. Job Loss=2 0Protection can help a home for sale stand out from the competition and give more buyers the confidence to purchase. The HELP program costs $500 and is funded by the seller at closing. The program applies to primary residences, second homes and single family investment properties.
Please see a “HELP certified” Prudential Georgia Realty agent for additional details or visit www.PrudentialGA.com for more information and direct links to our agents’ websites.
“Prudential Georgia Realty is known for its leadership and innovation. The company was a natural choice to launch our program for metro Atlanta,” said Alan Pyles, founder/owner of Creative Alliances, LLC.
The Rainy Day Foundation is a non-profit 501 (c) 3 organization whose mission is to assist individuals in maintaining homeownership. The Job Loss Protection Program is part of the HELP Program, administered by the Rainy Day Foundation, which is intended to help buyers navigate the challenges of homeownership. The HELP Program provides voluntary financial and budget counseling to buyers via telephone and e-mail for the first 24 months following closing, as well as emergency counseling and grants to assist home owners during times of financial hardship.
Prudential Georgia Realty is an independently owned and operated member of Prudential Real Estate Affiliates, a full-service residential and commercial real estate network with offices throughout the U.S. and Canada. Ranked by Real Estate Magazine as one of20the top 100 real estate companies in the U.S., Prudential Georgia Realty placed 43rd for most 2008 sales in the real estate trade magazine’s 2009 Power Broker Report. It is the 12th largest Prudential real estate affiliate in North America.
Prudential Georgia Realty recently became the first large brokerage company in the nation to win the Realtor.com Online Marketing Award of Excellence. For the last five consecutive years, the firm has been honored with a Consumers’ Choice Award as Best in Class for Executive Home Sales in metro Atlanta. Prudential Georgia Realty has 23 metro Atlanta locations and 1,200 Realtors, and just completed its 45th year serving metro Atlanta. Search all the available properties including Atlanta new homes and Atlanta foreclosures at PrudentialGA.com. To learn more about the state of the metro Atlanta real estate market, visit www.atlantarealestate2009.com to view a quarterly-updated video (next update in early July!) by Prudential Georgia Realty President and CEO Dan Forsman, filled with the latest statistics, information and the local housing market outlook.
