Taylor Morrison Offers Home Assurance Program

12 08 2009

Taylor Morrison Inc. is offering to refund a homebuyer’s down payment if their home decreases in value in five years. It’s part of a free new program the homebuilder has launched called Taylor Morrison Total Assurance.

Under the terms of the program homebuyers who purchase a Taylor Morrison home through Taylor Morrison Home Funding and live in it for five consecutive years are eligible to receive a down payment refund of up to 10 percent of the original purchase price if their home is valued at less than they paid for it when they sell it.

Buyers are also required to maintain their home in accordance with home warranty and home owner association guidelines and not use it as an investment property. Homes sold through foreclosure or short sale do not qualify for the refund.

Taylor Morrison offers four new home communities in Northeast Florida starting from the $90,000s. They include Lakeside in Jacksonville; St. Johns Forest in St. Johns County; Austin Park at Nocatee in Ponte Vedra and Kindlewood in Middleburg.

Source: Jacksonville Business Journal

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