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About Portland observer. (Portland, Or.) 1970-current | View Entire Issue (May 14, 1997)
V« *v •i-'V, ■ W i W W S i U *• I f P age A7 (Tl|c ^ßortlanb (Dhseruvr CPCU offers free insurance info Minority Home Ownership Increased ~ CPCU Society offers Free Bro chure on Homeowners and Renters Insurance The CPCU Society, a not-for- profit educational association, is of fering consumers a free brochure on homeowners and renters insurance, “make homeowners insurance part of y our Home Security System. ..and protect your investment” explains why homeowners and renters insur ance are important and answ ers some of the most frequently asked ques tions about these types of insurance coverage. Also included are a Home Inventory checklist and directions, guidelines to follow if you need to file a claim, home safety tips, and a glossary. “ Make Homeowners Insurance part o f your Hom e Security System...and protect your invest ment” is available by sending a stamped, self-addressed, #10 enve lope to CPCU Society, Communica- tions-Department H, PC Box 3009, Malvern, PA 19355-0709. The CPCU Society, Founded in 1944, is the nation's leading profes sional organization in property and casualty insurance. More- than 24,000 insurance professionals who have attained the prestigious Char tered Property Casualty underwriter designation are members of the so ciety. To earn the CPCU designa tion, candidates must successfully complete ten national examinations, fulfill experience requirements, and demonstrate dedication to a strict code of ethical standards. The Soci ety and its 151 chapters are innova tive and productive in the areas of continuing professional education, publication, and research. Good Fences Make Good Neighbors Chase Manhattan, The National Association of Real Estate Brokers and Fannie Mae Join Forces to In crease H om eow nership in Underserved and Minority Commu nities A pproxim ately 1,500 underservedand minority homebuy ers in four metropolitan areas will have access to low down payment mortgage financing as a result of a unique alliance announced between Chase Manhattan Mortgage Corpo ration, the National Association of Real Estate Brokers (NAREB) and Fannie Mae, the nation’s largest source of home mortgage funds. Fannie Mae has committed to for which there is no wood counterpart. Styles of picket fences, for example, ■ range from full-privacy to semi-privacy. The latter have openings between pickets, allowing some visibility through the fence, yet better containment than a three or four rail fence. The “basket weave" style of rail fence is a full- privacy rail fence, which has the hori Sponsored by zontal boards woven together like the The East Metro strips of wood in an old-fashioned picnic-basket. Association of Realtors, According to the experts at Kroy Fannie Mae, and Building Products, Inc., the days of dilapidated fences, peeling paint and Commonwealth Mortgage recurring m aintenance are gone for Assurance ( Corporation ever - thanks to the development of vinyl fences. Whatever style you choose, so long as you choose vinyl, your fence will never need painting. Because vinyl fences are durable and 385 North Miller weather-resistant, they stay “like new" practically forever. The glossy, smooth, Saturday, May 17 bright-white color of a vinyl fence is a 9 a.m. to 3 p.m. part of the bulk of the vinyl - it’s not just a coating. For information, call Free Home Buyer Preparation Seminar A practical fence can beautify the landscape, too. About fences, poet Robert Frost wrote “Good fences make good neigh bors." The basics of choosing a good fence and being a good neighbor are: • D e te rm in e th e fu n c tio n of th e fe n c e . Just what are you trying to accomplish by putting up a fence? Is a fence really necessary? This step may entail some research, some observa tion, some talking with the n&fghbors and perhaps some reading of poetry. •F in d o u t how y o u r n e ig h b o rs feel abou t fences. What type of fence would the neighbors support? Although this is not always an obligatory step, making “unilateral decisions about fences is not a way to become popular in any neighborhood. • D isc u ss s h a r in g th e co st w ith neighbors, which is not unusual, espe cially when both parties want the fence and the view is good from both sides. • U nd erstan d th e lay of th e land. Where exactly should the fence be placed? What style best complements the setting? Personal taste is an impor tant factor, but a landscape designer or fence dealer can offer helpful tips based on broad experience, taking into account the horizon, the various angles from which the fence will be viewed, the slopes of the hills, the twists in the paths and many other factors that may be overlooked by an untrained eye. • R esearch th e m arketplace to find the fence that best meets all criteria. Which fence is right for you? John Forbis, P resident of Kroy Building Products explains, “A local Kroy dealer will not only install your fence but also enhance the appearance of your property through good land scape design.” Good Fences Today, vinyl fences offer the m ost choices. There is a style of vinyl fence for every style of conventional wood fence, and there are styles of vinyl fence • ii • Your neighbors will appreciate that there is no paint that chips or peels - especially on their side of the fence. Since at least a dozen distinct styles of vinyl fences are available to choose from, you and your neighbor are sure to agree on at least one style. A vinyl fence is a good fence. It makes good neighbors. Interested in learning more about styles of fences? Send fifty cents and a stam ped, self-addressed, business sized envelope to Kroy Building P roducts, Inc. P. 0. Box 309 HP, York, NE 68467, and you will receive a brochure giving a grand tour of the many styles of fences. K* - - . _ . z ,z - v n - > o r» i l l Ft f payment can come from a i gift or unsecured loan from a party not involved in the transaction. NAREB will be providing professional reai estate services to minority and urban communities. “We are delighted to be part of this ground-breaking initiative,” said ThomasG. Labrecque, president and chief operating officer of The Chase Manhattan Corporation. “ We know that homeownership is one of the most compelling factors in stabiliz ing neighborhoods and improving the quality of life Helping more people become home owners is an opportunity to make a real differ ence in underserved communities" a m WEIMER’S Final Closing Day Sale 50% off Gresham Library Good Neighbors f purchase $100 million of mortgage loans — originated by Chase Man hattan in Chicago, Los Angeles, Miami and the P h iladelphia/ Camden area -- in an experiment that allows borrowers to put as little as one percent of their own funds toward the down payment. There a ie two options in the experiment. Borrowers can qualify for a down payment of three percent, with one percent coming from their own funds and two percent from a grant, gift or seller contribution. Or, with the five percent down payment option, the borrower contributes two percent from their own funds, and the re maining three percent of the down All Merchandise Month of May Only 503-667-1211 Learn about low down payment mortgages and ask experts all your questions about buying a home. All Sales Final M thru F 8:30am to 5:00pm 3946 N.E. MLK Jr. Blvd. Phone 281-1217 SPACE FOR LEASE Neighborhood Horne Buying Fair * Available June 1 * Sponsored by 2nd Floor Office Space (various sizes) Portland Housing Center Don’t Count Yourself Out of Home Ownership! URGENT! Going Fast: *Bsm all, 1 0 'x 1 4 '* Big Studios, Bath SC Kitchen* May 17, 1997 - 11:00 a.m. to 3:00 p.m. Portsmouth Middle School 5103 North Willis Blvd. Talk with professionals and learn how you can buy a house! Stop by booths sponsored by local lenders, real estate agents, non-profit housing developers, and the Portland 1 lousing C enter. Talk with professionals about your home ownership dreams! Workshops include: How to Prepare for Buying a Home Working with a Lender « Working with a Real Estate Agent • Overcoming Credit Barriers • Seminario (Spanish Workshop) For More Information Call 282-7744 PGE's Ed Bunn. On call, Retail Space • New Storefronts Facing Wygant • Visible from MLK (1) Deli Business Desired CALL B ill L eigh @ (503) 2 8 7 -2 6 3 4 I V
