Novi, Mich., June 25th 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC

Did you ever really care if you lived in a site condo? Good, because now the government doesn’t either!

FHA is able to offer financing for site condos in Michigan! As of this past week, most new construction sites will qualify for these government backed mortgages. This means that you can buy a new construction home with only 3.5% down and a 620 credit score while leasing the old home as long as your income supports the new home. Sound like sub prime financing? Banks learned a lesson writing those, the government continues on.

If you live in a newer construction home in Michigan that was built in the last 10 years, you probably own a site condo. Naturally, your first thought is “who cares”? From the street, no one will know the difference between a site condo and a traditional “platted” home. The issue was that the mortgage companies treated them very differently. The rules had been written in an outdated fashion that made it very difficult, if not impossible, for many builders to offer FHA financing in new communities. FHA financing was not needed when all clients qualified for 115% financing as long as they had a pulse. Now that lending standards are stricter, builders really need to get communities FHA approved and fast. Now they have this tool.

What do you need to qualify for a new home in Novi, a new constrution home in Macomb or maybe that new constrution home in Howell?

1) 3.5% to put down
2) 620 credit score or better
3) A Marketplace homes Guaranteed Lease for your old home or condo

If you can obtain all three, you may be able to get your growing family into a brand new home.

Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis
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Who's behind the Biggest Land Purchase in 2009???

Novi, Mich., June 4th 2009 / PRNewswire-FirstCall/ -- Marketplace Homes, LLC

Who's behind the Biggest Land Purchase in Michigan in 2009???

A Marketplace Homes partner builder, Lombardo Homes, has recently added 7 new communities in the Metro-Detroit area this past week. This deal could be the largest land purchase in Michigan this year. Lombardo’s action shows confidence from a leading developer that it is a great time to buy. Lombardo is positioning itself to overtake Pulte as the number one builder in Michigan and with this recent acquisition they have moved closer to that goal.
We have summarized 3 reasons why we think sales have continued to grow:

• Creativity – Lombardo has embraced the idea that it is not enough to just build a great home, you have to solve problems. Most people have a big problem today. They have a home to sell that isn’t worth what is owed. Lombardo is aggressive in marketing the Marketplace Homes guaranteed 6 year lease program as a great option and also the “Trade in Trade up” program for those who have a trailer that won’t sell.
• Value –Who doesn’t want the most home for the dollar? Can you believe that a 3200 sq ft home can sell for under $200K? That’s better than foreclosure pricing, except it’s brand new!
• Production Builder Advantage – It is possible that Lombardo will build and sell over 300 homes this year, or almost a home a day! When you can offer that type of volume then you can get the best trades at the best prices. This value is translated to the homeowner with a great home at a great price.

Lombardo has been in business for over 50 years and they see a great buying opportunity in land right now. Could it also be the right time for your family to start living the lifestyle they deserve? It is possible… all it takes is a call!

If you are interested in being the first to know details about these 7 exciting new communities please contact Marketplace Homes at 248-282-9364 or send an E-mail to mike.kalis@marketplacehomes.com with the title “Put me on the VIP list!”.

Marketplace Homes based in Novi, Mich., is a privately held company with operations in Metro-Detroit and Metro-Chicago. In 2007 and 2008, Marketplace Homes purchased or leased hundreds of homes while generating over $18 million in new construction sales for local and national builders. During its 7-year history, the company has purchased and sold hundreds of homes. Since 2002, Marketplace Homes has been an innovator in creative Real Estate solutions running 2 distinct business models-The New Home Buyout Program and Rent-to-Own. Currently, Marketplace Homes helps to market over 50 communities in the Metro-Detroit and Metro-Chicago market through partnerships with local and national builders using the Marketplace Homes New Construction Long Term Corporate Lease Programs.CONTACT: Mike Kalis, Vice President, Marketplace Homes, LLC, @1-248-723-6490, mike.kalis@marketplacehomes.com / site: http://www.marketplacehomes.com/ Mike Kalis