PORTLAND, OR--(Marketwire - Jan 30, 2013) - NexTitle, a full-service title and escrow firm based in Bellevue with offices in Oregon, has officially announced a reduced escrow rate program for active military personnel and veterans, as well as first-time home buyers, enabling people within these markets to save ten percent off of their escrow fee, allowing them to take their first steps towards home ownership. These rates are currently available at all NexTitle offices and can be applied to any escrow services closed within the state of Oregon.
As the housing market continues to rebound in Portland, these two groups of potential home-buyers play a paramount role in boosting the housing economy. According to The 2012 National Association of Realtors® Profile of Home Buyers and Sellers, first-time buyers are critical to the market because they help existing home owners to facilitate sales and make trades. These individuals currently own 39 percent of the national housing market, a statistic that is expected to increase over the next 12 to 18 months with the number of affordable short sales and foreclosed properties available on the market.
Additionally, according to Oregon military personnel study conducted in 2010, there are over 50,000 active or retired military personnel living in the greater Portland - Multnomah county area. The discounted rates offered by NexTitle, coupled with federal and state-wide special housing and escrow rates for veterans, fuels a large potential market of future homeowners, creating additional improved outlook for the area's housing market in 2013.
"We are thrilled to offer reduced rates to first-time home buyers and military personnel in the greater Portland area," said Wayne Baldwin, Oregon State Manager of NexTitle. "We understand that saving up enough money to purchase a home is still tough in today's economic climate, and we felt it was important to launch our reduced rates program to ensure that potential buyers in these critical markets had the opportunity to take next step. We applaud our active military personnel and veterans, who have sacrificed so much to serve our country, and believe this is program honors their commitment to our nation."
To obtain these rates active and retired military personnel need only present their military identification card before signing with an approved NexTitle lender. First-time buyers must present evidence (certificate or proof of purchase) to the lender that they've taken a course or have completed an official first-time home buyer program. Similar to other special rates provided to builders or corporations relocating personnel, NexTitle is providing this opportunity as a thank you to these specific market segments that contribute to the housing community every day, giving them the opportunity to maintain a positive influence in the future.
NexTitle is a multi-state full-service title and escrow agency dedicated to helping businesses grow and streamlining the closing process. Our team includes professionals from all sectors of the real estate industry who strive to help clients adapt to the constantly changing requirements of the industry. NexTitle utilizes proprietary NEXT-generation title and escrow services that provide turn-times, customer support and systems integration that are setting a new industry standard.