Lennar, one of the nation’s largest homebuilders, is teaming up with Wells Fargo to offer homebuyers far-reaching assistance in both obtaining considerable financial savings as well as selling their current home.  The new programs combine with Lennar’s dramatic Year-End Inventory Sale which offers incredible savings of up to $114,000 on select Quick Occupancy homes to create a truly historic opportunity to purchase a new home.

Through the Wells Fargo Move-In IncentiveSM Program, Lennar will cover all expenses for its buyers for the first six months, including mortgage payment principal and interest, taxes, insurance and monthly maintenance fees.

Wells Fargo’s Listing EdgeSM Program provides buyers who are trying to sell their existing home a series of marketing and financing tools that gives them a significant advantage in the marketplace.  These include the ability to offer their own buyer a mortgage rate that is one percent below the prevailing interest rate for one year.  Also available to them are financing flyers, co-branded invitations, yard signs, and other promotional tools that are designed to help Lennar customers attract more serious potential buyers to look at their existing home for sale.

Buyers interested in these programs are encouraged to speak with John Marinaro or Tania Lopez, Home Loan Officers of Wells Fargo Mortgage, for specific details.

“We know there are a lot of buyers out there looking to upgrade their lifestyle at one of our many communities, but who have put their plans on hold due to the economy and difficulty in selling their existing home,” said Don Bompensa, president of Lennar’s New Jersey Division. “We’re dealing with those obstacles head-on.  By working with Wells Fargo,  we’re able to leverage their extensive resources and well-respected brand to offer our buyers tremendous incentives and assistance that effectively offset potential road blocks in their new home purchase.”

The savings keep coming for new home buyers as Lennar recently launched its Year-End Inventory Sale throughout its New Jersey portfolio of communities.  The program, which offers up to $114,000 on select Quick Occupancy homes, is based on Lennar’s desire to sell its existing homes at an accelerated pace which is creating an historic opportunity for buyers to start living the lifestyle they’ve been dreaming about at a price they never could have dreamed was possible.  Savings vary by home type, home site and community and are available on select Quick Occupancy homes only.

In addition, Lennar continues to offer its heralded Everything’s Included program which offers the most desired luxury new home features all included in the standard base price of the home.  The Everything’s Included PLUS program takes that concept even further by including more upscale features and designer upgrades that are important to some home buyers rolled into one low PLUS package price.  These include whirlpools, surround sound systems in family rooms and a Schlage LiNK™ System with web and mobile-based access which allows residents to remotely turn their lights on and off, control their heat, and actually see what is going on in their home while they’re away.

“The program offers buyers exceptional value while receiving all of the upgrades on their wish list in one convenient, well-thought-out package,” Mr. Bompensa points out.  “Everything’s Included is a concept we truly believe in, and we have clear evidence that the homebuying public believes in it as well.”

Lennar’s offers homebuyers a wide variety of communities to choose from throughout the Garden State. For active adult buyers who are 55-and-better, the award-winning Greenbriar series of communities features resort-inspired lifestyles in ideal settings.  Greenbriar Stonebridge in Monroe, Greenbriar Fox Ridge in Rockaway Township and Greenbriar Oceanaire in Waretown just north of Long Beach Island all offer state-of-the-art clubhouses.  Depending on the community, amenities also include indoor and outdoor swimming pools, full-service spas, fitness centers, ball rooms, card rooms and athletic facilities.

Some offer additional luxury amenities, such as Greenbriar Oceanaire’s signature 18-hole, Arthur Hills-designed championship golf course.
Lennar’s non-age restricted communities include Centreplace at Edison, 198 garden-style condominium homes, a magnificent clubhouse, an outdoor pool, a state-of-the-art fitness center and a tot lot.   In Atlantic County’s Mays Landing, Cedar Point features 173 single-family homes on premium wooded homesites up to two acres located near the Hamilton Mall.  And in Woolwich, just 30-40 minutes from Wilmington and Philadelphia, Creek Run offers single-family homes ranging on sprawling homesites from one-to-four-plus acres.

For more information on Lennar’s communities, visit www.lennar.com.  For more information on Lennar’s Greenbriar active adult communities, visit www.greenbriarnj.com.

Related posts:

1. Lennar New Jersey Treats Homebuyers To Spectacular Incentives All Month Long At Its Award-Winning Communities
2. Active Adult Buyers Responding To Lennar’s Year-End Inventory Sale At Its Greenbriar Communities
3. Lennar New Jersey Launches the “Everything’s Included Plus” Program

For the residents of Greenbriar Oceanaire, enjoying the amenities, services and lifestyle of a luxury resort doesn’t necessitate traveling thousands of miles to a far-off destination; it’s just a matter of walking out their front door.

Lennar’s award-winning active adult community in Waretown, just north of Long Beach Island, is the ultimate “staycation” with an exclusive country club offering of championship golf, indoor and outdoor pools, a spectacular 38,000 square foot clubhouse, and a convenient location just minutes from one of New Jersey’s most upscale beach towns and numerous marinas for boating enthusiasts, not to mention the bright lights of Atlantic City.

“Lennar has been at the forefront of rethinking traditional active adult living concepts which resulted in the creation of true lifestyle communities for those 55 plus,” notes Don Bompensa, President of the New Jersey Division.

“Greenbriar Oceanaire is a perfect example of how far active adult communities have evolved, and how much fun active adult buyers are having.”

The cornerstone of the community’s resort-like lifestyle is its magnificent 38,000-square-foot clubhouse, where state-of-the-art recreational facilities combine with numerous classes and activities to nurture the growing focus on maintaining a healthy body and mind.

Winner of the New Jersey Builders Association’s “Best Clubhouse” award, the magnificent clubhouse offers year-round entertainment with its indoor and outdoor pools, tennis and boccie courts, a fully equipped fitness center/spa, game rooms, library, computer and craft rooms, a grand ballroom and a Grille Room.

“Today’s active adults are vital and energetic and expect a lifestyle that accommodates that mindset,” says Debbie Hooper, Greenbriar Oceanaire’s Lifestyle Director.   “In keeping with that, we strive to provide a wide variety of classes and activities such as Tai Chi and Qigong.  Trips are also arranged for residents, but while we still offer day excursions to Atlantic City, New York City and Philadelphia, we’ve taken it to a grander scale with ventures abroad to China, Turkey, the Greek Isles and Ireland.  Residents also take it upon themselves to organize and participate in activities, including live bands, cabaret nights and live resident performances, to name a few.”

Greenbriar Oceanaire is also known for its incomparable Arthur Hills-designed, 18-hole championship golf course that is located completely within the community and challenges players on all levels.

“While the golf course is one of our most celebrated amenities, people might be surprised to hear that many of our residents don’t even play golf,” Mr. Bompensa points out.  “However, they still love the idea of living in a community with a golf course as it provides a spectacular backdrop of scenic, open green space, rolling hills and water features.  But our Greenbriar communities have always been about creating an all-encompassing lifestyle that allows residents to live life to its fullest, no matter what their interests are, and Greenbriar Oceanaire is an excellent example of that.”

Furthering the stay-at-home resort lifestyle is the fact that homebuyers can live in one of eight distinctive single-family homes designs within the Greenbriar Oceanaire community, which features 1,400 single-family homes spread throughout 888 rolling acres of picturesque landscape.  Less than 300 of the home sites remain available for sale.   The ranch homes range in size from 1,900 to 3,100 square feet of living space and are priced from the $300,000’s.

Found throughout the homes are upscale interior appointments including dramatic vaulted, sloped or step ceilings; oversized windows and ceramic tile floors. Kitchens include GE Profile stainless steel appliances, breakfast nooks and granite countertops; while sumptuous master baths feature Roman-style soaking tubs, separate shower stalls, double vanity sinks and decorator vanity cabinets.

Buyers who act quickly can take advantage of tremendous savings on Quick Occupancy homes, as well as enjoy up to one year delivery dates on homes to be built.

For more information on Greenbriar Oceanaire, please call the community’s Welcome Home Center at 866-623-2624, or visit the website at www.greenbriarnj.com.  The Welcome Home Center is located at 10 Beach Haven Way, Waretown, NJ 08758.

To visit Greenbriar Oceanaire from Northern New Jersey, take the Garden State Parkway South to exit 69.  At the end of the ramp turn right onto Wells Mills Road (Route 532 East).  Oceanaire is about ¾ of a mile on the right.
From Southern New Jersey, take the Garden State Parkway North to exit 69.  At the end of the ramp turn right onto Wells Mills Road (Route 532 East).  Oceanaire is about ½ mile on the right.

Interested in learning more about Lennar and it’s communities? Sign up for email updates today!

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1. Lennar’s Greenbriar Communities Offers Active Adults the Chance to Save Some “Green”
2. Lennar New Jersey’s Greenbriar Stonebridge: Added Luxury Spa to Clubhouse
3. Recent Homebuyers Revel in Resort-inspired Lifestyle at Lennar New Jersey’s Greenbriar Stonebridge

Saturday and Sunday, March 12th and 13th, Incredible Savings St. Patrick’s Weekend Will Have Homebuyers Feeling Lucky. Active-adult buyers are invited to experience the Luck of the Irish during a special St. Patrick’s Day Weekend event when Lennar, one of the nation’s largest and most respected home builders, will offer outstanding opportunities to save big amounts of “Green” at any of its three Greenbriar residential communities located in New Jersey.

Guests of the event will be able to take advantage of specially reduced prices of up to $100,000 on “Quick Occupancy” homes, depending on community and homesite location. Buyers will also learn why Lennar’s recently-introduced “Everything’s Included PLUS” program available on to be built homes is redefining people’s expectations about value and savings by offering even more of today’s most desired luxury new home features all included in one package price.

Lennar’s St. Patrick’s Day Weekend event, which will include refreshments, will be held at Greenbriar Oceanaire in Waretown, Greenbriar Stonebridge in Monroe Township and Greenbriar Fox Ridge in Rockaway Township.

“We’re looking forward to an extraordinary weekend of savings, value and fun for our customers,” notes Don Bompensa, President of Lennar’s New Jersey Division. “The price reductions on certain homes are dramatic, and our ‘Everything’s Included PLUS’ program continues to be well-received by homebuyers.”

Greenbriar Oceanaire features 1,400 single-family homes spread throughout 888 rolling acres of picturesque landscape in Waretown just north of Long Beach Island. Less than 300 of the home sites remain available for sale. Eight ranch-home designs range in size from 1,900 to 3,100 square feet of living space priced from the $300,000’s. The resort-like lifestyle stems the community’s magnificent 38,000-square-foot clubhouse which offers year-round entertainment with its indoor and outdoor pools, tennis and boccie courts, a fully equipped fitness center/spa, game rooms, library, computer and craft rooms and a grand ballroom. There’s also an Arthur Hills-designed, 18-hole championship private golf course that is located completely within the community.

In Monroe Township off Exit 8 on the New Jersey Turnpike, Greenbriar Stonebridge features 946 single-family residences ranging in size from 1,659 to 3,130 square feet of living space priced from the $300s. Nine distinctive designs are available, including some with loft options, as well as “Twin” duplex designs which are priced from the $200s. Residents enjoy a 41,000 square-foot recreational facility featuring a grand ballroom, magnificent theater with stadium seating, billiards room, state-of-the-art fitness center, indoor swimming pool, two-story great room, card room, computer center and meeting rooms. Outside, residents enjoy a resort-style pool and expansive sun deck and tennis courts.

Greenbriar Fox Ridge features 336 luxury condominium residences and exciting resort-like amenities in a picturesque setting. Prices currently start in the $200s for one- and two-bedroom, single-level homes that range in size from 979 to 1,997 square feet of living. Homes in the most recently released condominium building already offer Everything’s Included PLUS features in the purchase price and boast one of the community’s most desirable locations. Construction is underway on the new building, allowing for a limited number of homes to be ready for early summer, 2011 delivery. Interested buyers can schedule Hard Hat Tours of the building. Greenbriar Fox Ridge’s homes are located in three-story elevator buildings with secured underground parking. Residents enjoy a 16,000 square-foot grand clubhouse that features a fitness center, outdoor swimming pool, social rooms and a tennis court.

For more information on Lennar’s Greenbriar active adult communities, visit www.greenbriarnj.com. For more information on Lennar, visit www.lennar.com.

Related posts:

1. Lennar’s Greenbriar Fox Ridge Offers Active Adults The Lifestyle They’ve Been Dreaming About
2. Active Adult Buyers Responding To Lennar’s Year-End Inventory Sale At Its Greenbriar Communities
3. Lennar New Jersey Unveils New Incentive Program; Offers Deep Discounts at all Greenbriar Communities

Greenbriar Stonebridge Clubhouse

Active adult homebuyers can now add a luxurious spa to the list of unparalleled lifestyle amenities available to them at Greenbriar Stoneridge, Lennar’s award-winning active adult community in Monroe Township, NJ.

The elegantly-designed spa recently opened its doors to Greenbriar Stonebridge residents with a soothing décor across two massage rooms, a hair salon, a manicure/pedicure room and a welcoming lobby. The new spa currently offers 60-minute and 90-minute massages on Mondays and Thursdays from 9 a.m. to 5 p.m. and by appointment.

The relaxing spa treatments blend in naturally with the community’s resort-like lifestyle which stems from Greenbriar Stonebridge’s 41,000 square foot clubhouse – the largest clubhouse in an active adult community in the state.

“We’ve created an extraordinary lifestyle environment for our residents at Greenbriar Stonebridge, but we’re always looking for ways to improve on what we’ve done,” said Don Bompensa, President of Lennar’s New Jersey Division. “What better way to do that than to offer residents access to a top-of-the-line spa with trained massage therapists and salon professionals right here in the clubhouse. Now our residents can receive a massage, get a pedicure or have their hair cut and styled without ever leaving the community.”

The focus of the new spa is a relaxing guest experience, according to Suzanne George of NFC Amenity Management, the company that manages the spa. Upon entering, guests are greeted by friendly staff members and are offered a robe and their choice of coffees, teas and other beverages. After their treatment, guests are invited to relax and leave the treatment room at their own pace. Guests are never rushed.

“We recently had a welcome night at the spa and more than 100 residents came out to take a tour and meet the massage therapists,” Ms. George said. “They are very happy with the facility and we’ve booked several dozen appointments already.”

Greenbriar Stonebridge is a beautiful, active adult community in bucolic Monroe Township with tree-lined streets that wind their way around a mix of cutting-edge home designs. The community features 946 single-family residences ranging in size from 1,659 to 3,130 square feet of living space priced from the $300s. Nine distinctive designs are available, including some with loft options, as well as “Twin” duplex designs which are priced from the $200s. The homes offer elegant dining and living rooms ideal for entertaining, as well as master bedrooms with walk-in closet space and luxurious master bathrooms with spa showers.

Homebuyers can take advantage of Lennar’s Everything’s Included Plus program which includes the national homebuilder’s most popular upgrades and features rolled into one Plus Package price, such as whirlpools, granite countertops in the bathrooms, surround sound systems and other customized finishing touches.

The clubhouse is the heart of the Greenbriar Stonebridge community. In addition to the spa, it features a grand ballroom, magnificent theater with stadium seating, billiards room, state-of-the-art fitness center, indoor swimming pool, two-story great room, card room, computer center and meeting rooms. Outside, residents enjoy a resort-style pool, expansive sun deck, bocce courts and tennis courts.

Conveniently located off Exit 8 of the New Jersey Turnpike and near the Garden State Parkway and Routes 33 and 9, Greenbriar Stonebridge offers homeowners easy access to an array of great shops and restaurants, including charming boutiques and bistros that line the streets of historic Cranbury, a neighboring town. Nearby Princeton offers a wide selection of prime cultural and entertainment delights including parks, cinemas, theaters and museums. Manhattan and Philadelphia are easily accessible for day trips.

To schedule a visit or request more information on Greenbriar Stonebridge, please call 888-416-7100, or visit the Greenbriar website at www.greenbriarnj.com. The community’s Welcome Home Center is located at 3 Mandrake Road, Monroe, NJ.

For more information on Lennar and its other communities, visit www.lennar.com.

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2. Lennar New Jersey’s Greenbriar Stonebridge Offers Something For Everyone
3. Lennar New Jersey’s Greenbriar Stonebridge Wins “Community Of The Year” At The 2010 Sales And Marketing Awards

Casa Bella

Don’t miss the spectacular pre-construction savings celebration happening at Lennar’s brand new Palm Beach County community Casa Bella, located in Delray Beach, Florida.

Casa Bella is a spectacular family-inspired community providing grand three, four and five bedroom estate homes situated on 60’x130’ home sites. There are optional lake or golf-course views available with prices starting in the upper $300s. The community is a private enclave of homes located off of “millionaire’s row” in Delray Beach. The community is near everything you need including local area shops, fine dining and a new Publix. Plus, Boca’s Town Center Mall and the energetic nightlife of downtown Atlantic Avenue are both just minutes away.

Casa Bella amenities feature a manned gated entrance, a private clubhouse with a sparkling swimming pool, fitness center, tot lot, basketball court and much more.

While other surrounding communities have homeowner association fees that continue to escalate, at Casa Bella residents have enjoyed the established fees from its homeowner’s association while still providing the services and amenities that residents enjoy on a daily basis.

Homebuyers can choose from five distinct new home designs ranging from 2,200 to 3,466 of air-conditioned living space.

Best of all, children that live in Casa Bella attend top-rated Boca Raton schools!

Plus, this weekend visit the community to find out how to receive up to $5,000 toward closing costs when financing through Lennar’s preferred lender, Universal American Mortgage Company (UAMC) and also a free pool package with the purchase of a Casa Bella home.

“This weekend prospective homebuyers are encouraged to visit our Casa Bella community to lock in these incredible savings,” said Carlos Gonzalez, President of Lennar’s Southeast Florida division. “If you want to live the million dollar lifestyle for a fraction of the cost, there’s no better community than Casa Bella.”

All homes will include an array of quality interior features, all at no additional cost. Some of these features include wood cabinets, stainless steel appliance package, granite kitchen countertops in a choice of colors and so much more. Lennar homebuyers also have the peace of mind that along with their new home they will receive a builder’s warranty.

Lennar homebuyers also have the one stop shop convenience of having the mortgage company, UAMC and the title company, North American Title all under one roof, therefore facilitating the home shopping, loan processing, and closing of title.

For more information on Casa Bella in Delray Beach call the Welcome Home Center at 561.865.3387 or visit between 10 a.m. and 6 p.m. at 16092 Glencrest Ave. in Delray Beach.

You may also view the community on the web at www.lennar.com/viphome.

Lennar Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For information on Miami-Dade Communities call 877.205.1531, for Broward Communities call 888.346.4819 and for Palm Beach/Treasure Coast Communities call 866.313.5805.

Realtor Participation Welcome.

Interested in learning more about Lennar and it’s communities? Sign up for email updates today!

*Seller will pay $5,000 in closing costs as defined on your Good Faith Estimate, excluding prepaids, subject to seller contribution limits. Offer may affect loan amount. Offer available only to qualified buyers financing through Universal American Mortgage Company and closing at designated closing agent. Mortgage Lender License #ML0700915. Copyright © 2010 Lennar Corporation and Universal American Mortgage Company, LLC.  All rights reserved.  Lennar, the Lennar logo, Universal American Mortgage Company and the UAMC logo are registered service marks or service marks of Lennar Corporation and/or its subsidiaries 6/10

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Source: San Francisco Chronicle | March 27, 2010

Cash-starved California just came up with $200 million more to throw at the housing market. On Thursday, Gov. Arnold Schwarzenegger enthusiastically signed a bill that will award an estimated $200 million in state income tax credits to people who buy a home starting May 1. The credit is worth up to $10,000, spread evenly over three years. The new bill will cost the state more than twice as much as last year’s home buyer credit. Last year’s credit was also worth up to $10,000 spread over three years but applied only to new homes, not existing ones. The credits, which were allocated on a first come, first served basis, ran out in less than four months, and the Franchise Tax Board stopped awarding them July 2. To get the new credit, first-time buyers can purchase a new or existing home. People who are not first-time buyers can get the credit if they buy a newly built home, but not an existing one. [Read this article]

Interested in learning more about Lennar and it’s communities? Sign up for email updates today!

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Heritage Bay Clubhouse

Heritage Bay Golf & Country Club Resort is fast becoming one of the most sought after addresses in Southwest Florida and with Lennar, one of America’s leading homebuilders, offering five distinctive home collections to choose from there’s a lifestyle option for every prospective homebuyer.

Heritage Bay is a new gated golf and country club resort community located in Naples only minutes away from white sandy beaches, upscale shopping, world-class dining and an array of social activities. The community is conveniently located close to Interstate 75 and the Southwest Florida International Airport.

Lennar offers five distinctive neighborhood collections within the 673-acre resort community including the Terrace Condominiums, the Verandas, Coach Homes, Executive Homes and Estate Homes. Each collection offers a wide variety of amenities and available floor plans. Homes are priced from the $100s to the $600s. The collections encompass approximately 1,194 to 2,926 square feet of living space and up to five bedrooms and three bathrooms. Three car garages, pools and spas are also available.

Heritage Bay offers all residents a 27-hole championship golf course with golf and amenity membership included with the purchase of a home. The Lewis-Azinger designed TifEagle hand-mowed grass greens course features an aqua driving range and wide rolling fairways. There are five sets of tees in the bundled golf community and is over 7,200 yards from the tips. Four world-class PGA professionals are also on-site.

Miles of natural preserves and crystal blue lakes surround the resort community providing spectacular nature and golf scenery. The more than 45,000 square foot luxurious two-story Heritage Bay Clubhouse and Resort Center features lakeside casual and fine dining, relaxation lounges and meeting rooms, a billiard room and card room. The Amenity Center offers a state-of-the-art fitness center and a resort-style pool with a Tiki Bar. There are seven lighted Har-Tru tennis courts with grandstand seating and an on-site tennis instructor.

The Southwest Florida division of Lennar offers a variety of homes from single-family, townhomes, and condominium residences to active lifestyle communities that offer homebuyers the very best amenities.

For more information on Lennar’s Heritage Bay Communities visit Lennar.com or call 877-596-6651.

Interested in learning more about Lennar and it’s communities? Sign up for email updates today!

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Laurel Creek

Now is just the right time for homebuyers to “start living” and get moving into a brand-new Lennar home in the Inland Empire and Los Angeles County. Throughout November, Lennar is offering homebuyers a perfect combination of offers too good to pass up: incredibly low pricing, and competitive financing.

“With this exceptional combination of low pricing and competitive rates on our homes, now really is a great time to buy a new home and we strongly encourage home buyers to take advantage of our offerings this weekend!” said, Tara Conklin, Vice President of Sales and Marketing for Lennar Inland/ LA.  “We are providing customers with many choices in new home styles, locations and price ranges that include a wide array of elegant features and incredible financing programs designed to help buyers stop waiting and start living in the home of their dreams.”

Lennar offers 15 different communities throughout Los Angeles County and the Inland Empire, ranging from approximately 1,219 to 3,800 square feet of living space with prices starting as low as the upper $100,000’s.

The highly anticipated Camden recently grand opened in Murrieta and offers an exciting collection of homes with many options for great family living. Sprawling single- and two-story floorplan styles range in size from approximately 2,590 to 2,860 square feet of living space with prices for these newly opened homes beginning from the low $300,000’s.

Lennar’s newest Valencia community, Aria at West Creek, ranges approximately 1,628 to 2,299 square feet and starts from the high $300,000’s. The three and four-bedroom homes are surrounded by paseos, parks, and more than two miles of hiking trails along the San Francisquito Creek. Below Copper Hill Drive, Aria is conveniently located near major freeways and a Metrolink station.

Also located in Valencia, the Artisan community features charming three-bedroom townhomes, located in the master-planned village of West Creek. Starting in the mid $300,000s and ranging from 1,513 to 1,997 square feet, Artisan’s three-bedroom, two and one-half bath townhomes provide thoughtfully designed living spaces.

Located in Corona, Laurel Creek at Meadowside boasts three to five-bedroom homes close to great schools, shopping centers and an abundance of recreational amenities with prices from the mid $300,000’s.

In Palm Springs, Escena ranges from approximately 1,952 to 3,472 square feet and starts in the upper $300,000’s, Lennar’s Escena communities offer 12 distinct floor plans featuring a mix of modern and retro architectural styles reminiscent of Palm Springs circa 1940’s and 1960’s. Palm Springs’ first golf course community in 20 years, Escena Palm Springs is a gated residential retreat ideal for homebuyers who like to express their personal style and enjoy the serenity and relaxation of desert living.

Welcome Home Centers are open daily from Thursday through Sunday, 9 a.m. to 5 p.m. and Wednesdays from 9 a.m. to 1 p.m. For a complete list of Communities in your area, call (866) 314-6430.

Buyers are encouraged to speak with their tax advisor and check out helpful links and resources on http://www.lennar.com/.

Interested in learning more about Lennar and it’s communities? Sign up for email updates today!

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Tax Credit Extended and Expanded!

On November 6th, President Barack Obama signed the Worker, Homeownership and Business Assistance Act of 2009 into law, extending and expanding the homebuyer tax credit that was previously scheduled to expire at the end of November. No longer just a tax credit for first-time homebuyers, the new legislation also provides a tax credit to existing homeowners as well. Here are some of the details you should know.

• The deadline for first-time homebuyers to take advantage of the up to $8,000 tax credit is now extended to cover home purchases that close by April 30th, 2010.

• If a home is under contract on April 30th, the tax credit deadline for the closing is extended further, to June 30th, 2010.

• Existing homeowners can now also qualify for a tax credit of up to $6,500, provided that the buyer has owned their principal residence for at least five consecutive years during the last eight years prior to the new home purchase.

• The new law increases the income limitation for individual taxpayers who want to claim the credit, from $75,000 to $125,000. The income limit for joint filers increases from $150,000 to $225,000.

• The new legislation allows homebuyers to cash in on their tax credit in advance. Homebuyers can claim the credit for a 2009 home purchase on their 2008 tax return, and the credit for a 2010 home purchase can be claimed on a 2009 return.

• Military service members on extended duty outside the United States have one extra year to close on their new home and still take advantage of the tax credit, with a closing deadline of April 30th, 2011.

• Lennar has designated a select number of homes available for immediate move-in that can qualify for these newly extended and expanded tax credits.

For details, click here to [VISIT LENNAR.COM]

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Millions of additional people may be able to take advantage of the new and improved first-time home-buyer tax credit now, and it’s not just for first-time home buyers anymore. You may qualify. President Obama signed legislation Friday to extend unemployment benefits to American workers. The law also includes provisions that vastly expand the number of people eligible for home-buyer credits by boosting the income eligibility limits, giving buyers more time, creating a $6,500 credit for longtime homeowners and launching more-accommodating rules for members of the military. If you were locked out of the first-time home-buyer credit in the past simply because you earned too much, there’s good news. [Read this article]

Source: Los Angeles Times

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