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Byline: TOM BAYLES
The job loss has to occur within the first two years of the loan but if it does, the Rainy Day Foundation will partner with Prudential Palms to cover the payments.
"This program is really awesome," said Chris Harrington, Prudential Palms' chief operating officer. "We're really happy with it."
The home's seller pays the cost of enrolling the buyer in the Rainy Day Fund, which is a national group supported by builders, lenders, organizations and individuals.
In 2008 the foundation paid out over $4 million in assistance and its managers anticipate nearly $8 million in relief will be given out this year.
The Rainy Day …