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CPCU offers free insurance info
Minority Home Ownership Increased
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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
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