Home Buyer's Assurance Plan? Lose Your Job & Give the House Back

By
Real Estate Agent with 8z Real Estate CalBRE# 01830950

Heard the other day that Hyundai has a new Assurance Program.  Apparently, if you buy a new car but lose your job within 12 months due to circumstances beyond your control,  you can give the car back instead of worrying about the payments or ruining your credit.

Hmmm...was just wondering how it would be if we could do the same for selling homes?  I have some clients who are hesitant about buying a home, because they are afraid they may lose their jobs in the near future, even if there is no indication that they will.  Such a program, although obviously impossible because each home is individually owned, might help these people overcome their fears of the unknown.  Now, THAT's a stimulus plan that might work.

Comments (3)

Michael A. Caruso
Surterre Properties - Laguna Niguel, CA

Hi Jean,

Wow! I hadn't heard of that plan before! What a strange idea!!!

Don't forget me if you learn of anyone moving to "The OC!"

 

Michael

(949) 753-7900

Jan 09, 2009 06:23 AM
David Wang
Prudential California Realty - Millbrae, CA
Prudential | 650.504.8190

Jean, that is a very interesting Idea.  That might work wonder what the appraisal work on that will be like.

Jan 10, 2009 09:33 AM
Debi Boucher
Real Estate Showcase Photography - Woodland Park, CO
"Realtor Showcase" - Real Estate Photography/Virtual Tours

Hi Jean, I saw that Hyundai ad too. If you could figure out how to make this plan work for RE, you'd be a very wealthy person, LOL

Debi

Jan 15, 2009 05:23 AM