The "Home Path Protection Program" (HPPP) is a type of mortgage insurance offered by the California Association of Realtors. This is a good program for sellers to utilize too provide added value for buyers. In tough markets you and your Realtor need to think out of the box. Here are the details of the program.
- Sellers must pay for the policy at the time the listing is taken
- Cost is either $200 or $275, depending on the type of protection that is desired
- Buyer is covered for 12 months if they lose their job due to a layoff
- HPPP will pay 6 monthly payments up to $1000 to $1500, depending on the type of coverage purchased by the seller.
Please contact me if you have further questions.
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