Buy at Dramatically Reduced Prices – All Inventory Homes Are Priced To Go

MIAMI, Fla. (September 25, 2009) – Lennar, one of the nation’s leading homebuilders, is offering dramatically reduced pricing on ready to move-in condos, townhomes and single family homes at its 15 communities located from Miami-Dade through the Treasure Coast. The homebuilder is urging prospective homebuyers that this weekend is the time to visit a Lennar community, as historic incentives currently available will soon be history.

“As one of the strongest names in the homebuilding industry and currently celebrating our 55th anniversary, all of us at Lennar know that the housing market is turning around and time is running out to take advantage of the current deals and incentive packages being offered to prospective buyers on brand new homes,” said Frank Fernandez, Director of Sales and Marketing for Lennar’s Southeast Florida division. “Prospective homebuyers need to realize these historic incentives will not be around much longer.”

This weekend, Saturday, September 26 and Sunday, September 27, is the time for prospective homebuyers in Southeast Florida to take action. Now is the opportunity to buy new, buy now and buy Lennar. The homebuilder has brand new homes available with payments starting as low as $991 a month**. Plus, Lennar is providing $0 closing costs† on select Southeast Florida 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! **

These incentives are in addition to the government’s first-time homebuyer tax credit opportunity that is quickly coming to an end. 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 prospective buyers need to act now as this government stimulus ends in November.

Treasure Coast prospective homebuyers should not miss out on the opportunity to own a new single-family home in Lennar’s premier adult community, Woodfield, located in the heart of Vero Beach. There are only four move-in ready homes remaining. Homebuyers are urged to visit the Welcome Home Center as quickly as possible to view the remaining single- family homes now priced to sell from the $200s. These one-story homes offer spacious floor plans with three bedrooms and a 2 car garage, total square feet range between 2,356 and 2,914 depending on the plan, but they all include an eat-in kitchen, family room leading out to the covered patio, formal living and dining areas, elegant master bedroom and bath with double sinks, stand up shower, and roman tub. Woodfield residents may also benefit from the community’s full-time activities director, a resort-style heated pool and spa, state-of-the-art fitness center, aerobics room, high tech theater, arts and crafts room, billiards room, tennis courts, grand ballroom and a media center. Woodfield has a manned gatehouse entry and is surrounded by lush tropical landscaping.

The Southeast Florida division of Lennar offers a variety of communities to suit every lifestyle, including an almost sold out active adult community. Single-family homes are priced from the upper $100s, townhomes are priced from the low $100s and near close-out high-rise condominiums from the $300s.

Welcome Home Centers and decorated models are open daily 10 a.m. to 6 p.m. For information on Lennar’s Southeast Florida Communities call 866-380-7557.

Or visit our Web site at http://www.Lennar.com. Realtor Participation Welcome.

Disclaimer if required by publication:
*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, within select communities as determined by Lennar, for purchase agreements written by 9/27/09 and applicants must reserve loan funds and closing must occur no later than 10/15/09. **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. Monthly payment shown include monthly mortgage insurance, based on FHA 30-year fixed rate financing at a rate of 4.50% (5.02% APR ) with 3.5% down payment and $183000 sales price and payment shown do not include property taxes, homeowner insurances and/or HOA fees. 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, Lennar logo, Universal American Mortgage Company and UAMC logo are registered service marks or service marks of Lennar Corporation and/ or its subsidiaries. 9/09

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