Valley builder offers special safety net to homebuyers

KNXV - TV (ABC 15) -- We’ve seen bank bailouts, Wall Street bailouts, and car company bailouts, but now homebuyers in the Valley are getting their own type of bailout.

Local home builder
Ripson Homes is offering a first of its kind deal in Arizona.

The "Ripson Homes Lifestyle Protection Program" is available to homebuyers upon the purchase of a new home at Sonoran Acres by June 1, 2009.

The Ripson Homes Lifestyle Protection Program offers a broad safety net for the homebuyer waiting on the sidelines to buy, but who may be a bit reluctant to buy due to economic uncertainty in their personal future. In the event the qualifying homebuyer becomes involuntarily unemployed before January 1, 2011.

The Ripson Homes Lifestyle Protection Program reportedly offers the following peace of mind:

· Six months of mortgage payments
· Six months of groceries
· Six months of utilities

“People are reluctant to buy during these economic times,” says Michael Ripson, President of Ripson Homes. “This just gives them a little security blanket.”

“We feel like we’re doing our part of rebuild faith in the marketplace by offering support in a critical aspect of a homebuyer’s budget.”

KNXV - TV (ABC 15)
Link to story on ABC 15 Website
Reported by: Brian Webb
Last Update: 4/27 4:35 pm