Home Protection Assistance Program is Available Through California Realtors®

Home Payment Protection Program offers some security to hesitate buyers

The Home Protection Assistance Program (HPPP) is being offered to Los Angeles home sellers at the time of listing by the California Association of Realtors®.  The HPPP is optional and is paid for by the seller.  This program covers all buyers for  a period of 12 months from the close of escrow.

What does this mean?

If the new homeowner loses his or her job because of a layoff during this period HPPP will pay him or her up to six monthly payments of up to $1,000 or $1,500 depending on the level of coverage purchased by the seller.

The cost of this plan to the sellers is $200 to cover six months at $1,000 per month, or $275 at $1,500.  It is a great way for a Los Angeles home seller to differentiate their home from the competition.  It can offer some security for a buyer nervous about the possibility of losing their job.

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