$30 Million Created in Phoenix Real Estate in 100 Days - Real Estate Annuity Creates New Value for Property Owners
Terratitle USA Launches Real Estate Annuity (REA) Program
for Arizona Property Owners and Endows Charities. Over $30 million created in 100 days. REAs Provide Income for Life for Arizona Property Owners and Charities, Selects Boys and Girls Club and Best Buddies as Community Beneficiary
Scottsdale, Arizona (PRWEB) November 15, 2008 -- Terratitle USA, an Arizona Real Estate Annuity (REA) company, today announces the launch of its new REA service and Community Development program. REAs allow homeowners to collect annuity income from any real estate they own for the next 90 years. REAs provide additional income for homeowners in Arizona and local charities. Terratitle USA permanently endows local charities by donating 10% of all REA income in Arizona.
Property owners can add REAs to any number of residential, commercial or land properties. Over $30 million in Phoenix properties were registered in a 100 day test market.
"With all the bad news in real estate these days it's nice to offer some good news and the good news is that your home is worth more. REAs create a new asset for homeowner's that adds value to their real estate," stated Jennifer Jackson, CEO of Terratitle USA.
REA's create up to 66% more value in income from Arizona properties which is paid out over the life of the annuity. Registration cost is $199.00 per property with multi property discounts available. Property owners can register online at www.TerratitleUSA.com.
Terratitle USA donates 10% of REA income to local charities as part of their Community Development Program. An average endowment of $20,000 can be provided to charities by each REA. Terratitle USA is honored to select the Boys and Girls Club and Best Buddies as its first Community Beneficiaries.
"Supporting organizations that improve our community and contribute to making Arizona a better place to live is an integral part of Terratitle USA," says Jackson. "Our goal is to triple the amount of community beneficiaries available to our clients over the next 30 days."
Each REA owner can choose which charity will receive a community donation on their behalf from the Terratitle USA website and can also nominate their favorite organization.
"In slow economic times it's even more important to create new ways for giving. I think our program launch couldn't come at a better time," says Jackson.
In April 2008, the Arizona House of Representatives passed House Bill 2659, allowing property owners to register an REA on their property. The Company is launching in Arizona and will expand to other states with REAs for residential, commercial and land properties.
Terratitle USA is expanding their REA program to include REAL REWARDS, an exclusive rewards program for homeowners. This program will include benefits such as LIFELOCK, TELADOC, special affiliate discounts on products and services and invitations to community events.
"We recognized the lifetime benefits REAs provide and expanded with our Community Development Program, REAL REWARDS and PAL Program for real estate agents. We're creating a benefit for everyone who touches our program," said Jackson.
Terratitle USA acts as the administrator for all REAs.
About Terratitle USA
Terratitle USA is a real estate annuity (REA) company dedicated to providing a lifetime of value for property owners, charities and their communities. The Terratitle REA creates unique value from real estate and pays property owners and charities income every time the property is sold. Each REA also provides an instant increase in Net Present Value ("NPV") on the residual 90 year income. A REA is an affordable way to create new value (up to 66 percent) from residential, commercial and land properties and may be registered to any number of properties. To learn more, visit www.TerratitleUSA.com.
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