Are you tired of paying rent Take advantage of our 50 per cent matching contributions towards your real estate purchase
Released on: August 12, 2008, 12:54 pm
Press Release Author: Gregory Knight
Industry: Real Estate
Press Release Summary: This program was designed to benefit tenants of apartment complexes and rental properties. There is no other program like it in the world. Our program is the only one that assists the client through the ENTIRE home buying process, from "saving their first dollar" to the "closing on their home".
Press Release Body: American Dream Savings is a program that assists tenants of rental properties by educating them in budgeting, finances, home ownership, and in saving money to purchase their own home.
ADS was designed due to the recent collapse of the mortgage sub-prime financial market. We believe, with this program, graduating members will reap the rewards of not only a substantial yield on investment but a wealth of knowledge gained throughout the process. Purchasing a home is the largest transaction most of us will make so it needs to be handled in the care of experts and teachers who can explain it so that you can live it. Classes will be offered to teach the critical points to obtaining and maintaining a home. In addition, each month the tenant will deposit a set amount into their account. Statements are sent to them each quarter which will show how much is in the account, interest earned, and how much they would have to spend if they purchased a home right now. This would include the contribution from \"ADS\", which is currently $.50 for every $1.00 (maximum of 1.5% of the homes purchase price).
Participants will be able to utilize our experts in the specialized areas within the program to keep the quality of service high. Experts such as Realtors, mortgage professionals, home inspectors, and credit restoration specialists whom are all registered with the state and work exclusively for ADS. A preliminary review of your situation will be determined and some of the steps we will provide are:
1. Assist tenants in restoring their credit rating.
2. Educate tenants in the home buying process and financial discipline.
3. Work with tenants to save money for down payment and closing costs.
4. Contribute to the tenants savings to increase purchase power.