Lennar Extends Its Quarter-End Inventory Clearance Sales Event In South Florida

Last opportunity to name your price on 52 inventory homes that must be sold

[USPRwire, Thu May 21 2009] After the success of last Saturday’s One Day Only Inventory Clearance sales event, Lennar, one of the strongest names in the homebuilding industry, has extended its Quarter-End Inventory Clearance sales event for two more days. This Memorial Day weekend only, Saturday, May 23 and Sunday, May 24, Lennar will provide another opportunity for all prospective homebuyers to name their price on the new home of their dreams. This weekend only, all reasonable offers will be accepted at all 17 Lennar Communities located from Miami-Dade through the Treasure Coast.

This weekend the Southeast Florida division of Lennar will drastically slash prices on new condos, townhomes, and single-family homes. Buyers are encouraged to visit a New Home Consultant at one of its Communities and make an offer on any of the immediately available and ready to move in homes.

During the Quarter-End Inventory Clearance sales event weekend, Lennar is also offering $0 closing costs† on select residences from Miami-Dade through the Treasure Coast. Additionally, Lennar’s preferred lender, Universal American Mortgage Company (UAMC), is offering lower than market interest rates starting as low as 4.25% (4.66% APR) fixed for life! **

These incentives are on top of Lennar’s already low home prices and are in addition to the government’s “new and improved” first-time homebuyer tax credit of up to $8,000.* If you haven’t owned a home in the last 3 years you may qualify to receive this government tax credit. This is not a loan and there is no re-payment.

“With the success of last Saturday’s One Day Only Inventory Clearance sales event, we wanted to provide one more opportunity this Memorial Day weekend for prospective homebuyers to experience these amazing new home deals,” said Frank Fernandez, Director of Sales & Marketing for Lennar’s Southeast Florida Division. “All reasonable offers will be accepted‡ and with the incredible combination of incentives, government tax credit and low interest rates available, there’s no better time than now to purchase a brand new Lennar home.”

Lennar is a homebuilder currently celebrating its 55-year anniversary with homes in various markets across the country. Homebuyers can feel confident that with this longevity of solid business practices and financial stability they are buying from a homebuilder who will be here tomorrow.

Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For more information call 866.201.5543 or visit http://www.Lennar.com. Realtor Participation Welcome.

About Lennar Corporation
Lennar Corporation, founded in 1954, is headquartered in Miami, Florida and is one of the nation’s leading builders of quality homes for all generations. Lennar builds affordable, move-up and retirement homes in Communities that cater to almost any lifestyle – such as urban, golf course, Active Adult or suburban Communities. Currently the company builds homes in 16 different states in some of the finest markets across the country.

Disclaimers If Needed By Publication:
*First-time homebuyer is any individual (excluding a non-resident alien) who has not owned a principal residence during the past three years and is purchasing the new home as their primary residence. Tax Credit is subject to eligibility requirements. Lennar cannot provide guarantees of actual savings and does not guarantee the homebuyers’ qualification for the federal tax credit. Credit is subject to 3-year ownership requirement. Not tax advice; homebuyers should consult with their tax advisor. Tax laws are subject to change. **†Offer is available on select homes, within select communities as determined by Lennar, for purchase agreements written on 5/23/09 and applicants must reserve loan funds and closing must occur no later than 6/15/09. **Limited funds are available; offer may change upon exhaustion of funds. Specific FHA loan terms apply and buyer is subject to qualification that includes, but not limited to, a minimum of 3.5% down, a minimum credit score of 620, owner occupancy requirements and/or any changes in investor guidelines or programs. Rates may change or not be available at the time of loan commitment, lock-in or closing if funds are exhausted. Not an offer to enter into an interest rate or discount point agreement and any such agreement may only be made in writing signed by both the borrower and the lender. †Seller will pay closing costs as defined on your Good Faith Estimate, excluding prepaid, subject to seller contribution limits. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Prices subject to change without notice Lennar Homes, LLC -QB 3682.

Company: Lennar-Southeast Florida Division

Contact Name: Brandi McDonald

Contact Email: brandimcdonald@zadv.com

Contact Phone: 321.446.8967

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