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The National Association of Real Estate Brokers Launches 25 City, $1.2 Billion "Boots on the Ground" Homeowner's Assurance Program
HAP is designed to purchase, renovate and sell REO properties purchased from HUD and other holders of REO assets, to first time homebuyers and other homebuyers who are caught in the current credit crisis due to historically high foreclosures. Source: PR Newswire
The National Association of Real Estate Brokers, Inc. (NAREB®) is proud to announce the launch of a 25-City, $1.2 billion REO and non-performing loan foreclosure mitigation program called the Homeowner's Assurance Program (HAP). The initiative is designed to address the devastating effects of the foreclosure and mortgage crises on communities across America. A press conference to formally announce the program roll out will take place on Friday, February 24th at9:00 a.m. in the Balboa Room at the Miami Beach Resort & Spa Hotel, 4833 Collins Avenue, in Miami. HUD Atlanta Regional Administrator Ed Jennings will be in attendance. It will be one of several activities taking place at NAREB's 65th Annual Mid-Winter Conference (February 21 – 25).
The Homeowner's Assurance Program is an industry led private solution to the mortgage crisis. NAREB has a vast network of industry professionals including: Realtists®, brokers, sales agents, appraisers, mortgage brokers, and loan officers as well as practical experts in pre and post counseling, loss mitigation, foreclosure, property management, housing construction, ... more

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