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LENNAR HOMES, BROWARD DIVISION, ADDS UNIQUE MORTGAGE PROTECTION PLAN

LENNAR HOMES, BROWARD DIVISION, ADDS UNIQUE MORTGAGE PROTECTION PLAN
 ST DAVIDS, Pa., Dec. 3 /PRNewswire/ -- Lennar Homes, Broward Division, is providing buyers of their homes with a unique plan which covers their mortgage payments should they become unemployed.
 The plan, called Morgard, makes mortgage payments for up to one year in the event of involuntary job loss and covers principal, interest, taxes, homeowner's insurance and escrow amount up to $2,500 per month. Morgard was established in 1985 and is engaged in underwriting unemployment protection. The company is listed on the American Stock Exchange and is backed Lloyds of London. This "safety net" plan is currently being offered in several of Lennar's Broward and Northern Dade County communities exclusively.
 "Morgard is a product that meets the needs of thousands of consumers in today's working environment," said Wayne McClain, Broward division president,
in announcing this new offering. "With the nation's high unemployment figures, many prospective homebuyers are concerned about losing their jobs and continuing to meet mortgage payments. Morgard protects them in this situation and frees them of the anxiety of losing their homes."
 "Lennar Homes is pleased to offer this program," said McClain, "because we think it contributes to an individual's ability to buy a home. Morgard provides a measure of financial security in today's uncertain business climate."
 The Broward Division of Lennar Homes builds value-packed homes in 10 communities in Broward and Northern Dade counties. Priced from the $40s to more than $180,000, Lennar offers a wide variety of homestyles and lifestyles, such as low-maintenance condominiums, single-family starter homes and executive homes. Each home is backed by more than 35 years of building experience and in warranteed through the year 2000!
 For further information on the Mortgage Protection Plan offered by Lennar, please contact Debi Brown, sales and marketing coordinator, at 305-572-0111, in Broward County, or 305-940-0537 in Dade County. For more information on Morgard, Inc., please contact Julianna O'Leary, director of marketing, at 800-647-1436.
 -0- 12/3/91
 /CONTACT: Julianna O'Leary of Morgard, 800-647-1436/ CO: Morgard, Inc.; Lennar Homes ST: Florida IN: SU: PDT


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Publication:PR Newswire
Date:Dec 3, 1991
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