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Home Price Protection ®
Sellers: Why lower your price, Guarantee it.
Buyers: Why risk your home value, Protect it. Real Estate Professionals:Help your clients get more for their home.
We pay homeowners if their local market index has declined at the time they sell their house.
EquityLock is a Preferred Supplier
Prudential Real Estate names EquityLock a Preferred Supplier.
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Who We Are
In an effort to help consumers protect the value of their homes, we launched Home Price Protection® nationwide. The agreement protects homeowners from future home price index declines.
“Americans are worried about the housing market and their home values, as they should be”, said T.J. Agresti, CEO of EquityLock Solutions. “We believe Home Price Protection® can help rebuild the real estate market by restoring confidence in housing values, so when a homeowner does sell their home, they will not lose money on their biggest asset because the overall market is struggling.”
Home Price Protection® is available to homeowners who are currently purchasing or already own their home. The agreement covers the home for 15 years with a onetime payment of roughly 2.05% (national average) of the value of the home. The homeowner is eligible to make a claim after residing in the protected home for 24 months and is protected up to 20 percent of the home value. The home is not protected by the product should it go into foreclosure, but is protected in a short sale.