LENNAR INVITES EVERYONE TO A BLOCK PARTY AT PALOMA LAKES THIS SATURDAY IN COCONUT CREEK, FLORIDA

Free Food, Music, Kid’s Games, and Why It’s Go Time For Buying A New Home During Lennar’s Fiscal-Year End Blowout Savings Event Happening This Weekend!

11.04.2009 – MIAMI, Fla. – Get your friends and family together for an afternoon of fun at Lennar’s Paloma Lakes condominium townhome community “Block Party” happening this Saturday, November 7 from noon to 4 p.m.

Lennar’s Southeast Florida division will be serving up free food††, music, kid’s games, a bounce house and providing important information to prospective homebuyers regarding the steps to take toward purchasing a brand new home. A loan officer will also be available to speed up the pre-qualification process.

During Lennar’s Paloma Lakes “Block Party”, prospective homebuyers can find out why now really is the time to take action and purchase a brand new Lennar home. With the government’s first-time homebuyers tax credit opportunity expiring in just days, any first-time homebuyer that is still on the fence needs to buy now. If you haven’t owned a home in the last three years you may qualify to receive this government tax credit of up to $8,000*. It’s not a loan, there is no re-payment, but this government stimulus offer ends at the end of this month. It is now or never to receive this tax credit!

This weekend, the homebuilder has incredible Fiscal Year End Home Blowout Savings Deals making now the time to run and run fast to a Lennar Welcome Home Center at any of its 14 communities from Miami-Dade to the Treasure Coast. Right now, Lennar has new homes across South Florida available with payments that may be lower than ever, plus, $0 closing costs† on select residences. Additionally, Lennar’s preferred lender, Universal America Mortgage Company (UAMC), is providing interest rates starting as low as 4.50% (5.02% APR) fixed for life! **

“Our new home inventory is shrinking and the current deals available will soon disappear,” said Carlos Gonzalez, President of Lennar’s Southeast Florida division. “Prospective homebuyers need to realize this weekend really is go time for buying a new Lennar home with our amazing fiscal year end blowout savings and the tax credit opportunity ending in just days.”

Paloma Lakes in Coconut Creek is one of Lennar’s most attractive communities for prospective homebuyers in Broward County. The townhome condominium community is located in one of the most highly desired addresses in South Florida because of its excellent central location and extraordinary schools. The Community, located just off Lyons Road & Wiles Road, features eight different floor plan selections of 1 and 2-story, 2 and 3-bedroom condominium townhomes with up to 2,663 square feet of air-conditioned space, plus a 1 or 2-car garage. Homes are priced from the $200s and are available for immediate move-in. Paloma Lakes incorporates lush tropical landscaping, a private entry and cabana with swimming pool and sundeck area. Paloma Lakes is within walking distance from the new Coconut Creek Town Center and other chic shops and restaurants, plus the Sawgrass Expressway and the Florida Turnpike are only minutes away.

For more information on Lennar’s Paloma Lakes “Block Party” event call 800.494.5506. Directions: Community entrance on Lyons Rd., 1 mile south of Sawgrass Expressway., just north of Wiles Rd.

Or visit our Web site at Lennar.com.

Disclaimer if required by publication:
††Refreshments while supplies last. *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. †**Offers are available on select homes, as determined by Lennar, for purchase agreements written by 11/8/09 and applicants must reserve loan funds and closing must occur no later than 11/30/09. **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. FHA Jumbo loans are not allowed. Monthly payment shown does not include HOA fees, is based on FHA 30-year fixed rate financing at a rate of 4.50% (5.02% APR) with 3.5% down payment and $183,000 sales price. 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. FL Mortgage Lender License #ML 0700915. Prices subject to change without notice. Contact a UAMC Home Loan Advisor or a New Home Consultant at Lennar for details. Lennar Homes, LLC –CGC 62343. Copyright © 2009 Lennar Corporation and Universal American Mortgage Company, LLC. Lennar, the Lennar logo, Universal American Mortgage Company and UAMC logo are registered service marks or service marks of Lennar Corporation and/ or its subsidiaries. 11/09