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Keller Williams offers Relief for Seller and Buyers
Ben Bernanke and other leading economists have suggested the development of 'home equity insurance' market. Responding to reporters questions as to the viability of a federal home equityinsurance program, Mr. Bernanke suggested that this 'interesting' idea is better for the private sector. EquityLock Financial, Inc. currently provides a similar solution through its
Home Price Protection product.
Austin, TX
He suggested that the private sector provide for 'home equity insurance' to help protect individual homeowners against market declines. EquityLock Financial, Inc. provides such coverage with its flagship Home Price Protection™ product.
EquityLock's Home Price Protection™ contracts pay homeowners if they sell their home when the market has dropped, in an amount equal to the percentage downturn of their local market. For example, if an EquityLock customer purchases a home for $300,000 and his local market has declined by 5% by the time he sells his home, EquityLock will pay the customer $15,000 at the time of the sale.
This payment is made regardless of the customer's sale price and regardless of whether the customer sold his home for more or less than he paid for it.
PRWeb) December 14, 2008 -- On December 4, 2008, Federal Reserve Chairman Ben Bernankehttp://www.cnbc.com/id/15840232?video=950576830 at 4:25-8:30).
