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THE BEST TIME TO BUY A NEW BROOKFIELD HOME IS IN 7/07!

CHINO, CA — Feeling lucky? There’s never been a better time to make the move to Mulberry at The Preserve at Chino than this 7/07. For the month of July only, homebuyers will be able to take advantage of incentives like 7 months of no mortgage payments on first trust deed,* 7-year buy-down on their mortgage,** and a chance to win the Lucky 7 at the Bellagio Hotel in Las Vegas.*** In addition to these incentives, there are four more reasons to make the move to Mulberry in 7/07:

1. Interest rates are still low. “Although interest rates have risen lately, long-term mortgage rates around 6.67% are still considered to be relatively low in comparison to rates 20 years ago,” says Denise Aliberti, a Wells Fargo Home Mortgage Branch Manager. With today’s mortgage rates and Brookfield’s special 7/07 incentives, home ownership at Mulberry at The Preserve at Chino is an affordable alternative to renting for Southern California buyers.

2. Tax incentives mean more money for homeowners and less for Uncle Sam. Being a homeowner does have its financial benefits. Since the interest on a home mortgage is tax deductible, the savings can be substantial—especially during the first few years since buyers are mostly paying interest. “If you don't own a home, you could be missing out on some of the government’s most generous tax breaks,” advises Aliberti.

3. Home values historically rise over time. Many real estate experts believe that homeowners can still count on selling their home for a fair price in today’s market—especially in Southern California. According to DataQuick, a firm that monitors real estate activity nationwide, the median price paid for a Southland home was $505,000 in May, matching the peak reached in March and April. It was up 4.9 percent from $481,500 for May last year.

4. The style, warmth, and details of a Brookfield home means more value for homeowners. Because the homes at Mulberry at The Preserve at Chino are masterfully crafted by an award-winning builder like Brookfield Homes and designed by a team that handpicks each detail inside and out, homeowners can rest assured that their home will be an investment that lasts a lifetime. And since Mulberry is an award-winning neighborhood that has been honored twice with the distinction of “Detached Community of the Year,” they will also discover the value of owning a home in one of Southern California’s most prized locations.

So, what does all of this mean for Southland homeshoppers who are waiting on the sidelines this month? “The deals we are seeing today won’t necessarily be here tomorrow,” Aliberti concludes. “The time to buy is now—especially since builders are offering incentives that make home ownership so affordable.”

For more information on Mulberry’s 7/07 promotion, please log onto 7ReasonsToBuy.com.

Aspiring homebuyers who are tired of renting certainly have plenty of reasons to start a new life at Mulberry this 7/07. Mulberry presents two neighborhoods at The Preserve—Mulberry Cottage and Mulberry Casita—that celebrate Brookfield’s passion for design and quality. The inviting single-family residences at both neighborhoods are filled with thoughtful appointments: attached garages for extra convenience, cook’s kitchens designed for both functionality and luxury, and open living areas that promote family unity. Mulberry Cottage offers homes with three to four bedrooms and two and one-half to three baths in approximately 1,416 to 1,874 square feet. Mulberry Casita offers three to four bedrooms and two and one-half to three baths in 1,609 to 1,988 square feet.

Mulberry residents will enjoy a central location within The Preserve at Chino, the area’s most exciting new masterplan. Just a short walk from Mulberry is the community’s centerpiece amenity, The Parkhouse, which spans approximately 15,000 square feet. The Parkhouse will be the perfect place to build new friendships with its fully equipped fitness center, spacious meeting rooms, a catering kitchen, a business center, game rooms, and a theater with surround sound, as well as a pool, spa, and lighted tennis courts. Residents who have school-aged children will take comfort in knowing that new, state-of-the-art schools will be opening up soon within walking distance of the neighborhoods, while excellent existing area schools of the Chino Valley Unified School District further enhance quality of life at the community. In addition, a joint-use library currently is in the works, and several excellent colleges and universities, including the new $4 million Chaffey College Information Technology Center, are located within a 30-minute drive. Recreational enthusiasts and nature lovers will also appreciate tree-lined streets and 33 acres of preserved parklands, including ball fields, picnic areas, extensive green lawns, tot lots, and even a butterfly garden. Juxtaposed against the area’s stunning natural beauty is The Preserve’s proximity to area workforces; convenient access to the 15, 60, 71 and 91 freeways puts Los Angeles, Orange, Riverside and San Bernardino County within easy reach.

For more information about Mulberry Cottage and Mulberry Casita at The Preserve at Chino, please call (800) 977-7604. The Mulberry sales office is located in the Casita Plan 2 model. The sales office is open 10 a.m. to 6 p.m. daily, and from 2:00 p.m. to 6:00 p.m. on Wednesdays.

Throughout the last decade, Brookfield Homes Southland has remained committed to being more than a homebuilder. The company is a lifestyle provider comprised of a dedicated and knowledgeable team of professionals that continually redefines the elements of home while creating architecturally distinct and intimately personal living spaces that Southern California residents are proud to call home.

Brookfield Homes Southland currently offers a diverse collection of communities throughout Southern California, each built to the company’s exacting standards and showcasing their unique dedication to creating homes that reveal style, warmth, and details. Brookfield Homes Southland is independently and locally operated with offices in Los Angeles, Orange, and San Bernardino Counties, and is part of one of North America’s largest homebuilding companies, Brookfield Homes Corporation. The parent company also has community development and homebuilding operations in the San Francisco Bay area, San Diego, Sacramento, Virginia, Maryland, Hawaii and Washington, DC. Listed on the New York Stock Exchange, Brookfield Homes is a public company.

*Builder pays six (6) months of payments which, when combined with one months' payment included in homebuyer's mortgage, yields seven (7) months of living in home with no payments. Any subordinate financing cannot be paid by Builder.
**Builder buys down seven (7) years of homebuyer's mortgage. Offers of seven (7) months of no mortgage payments on your first trust deed or seven (7) year buy down on your mortgage cannot be combined.
***All parties who register at the Mulberry sales office in July (no purchase necessary) will be entered for a chance to win a two (2) night stay at the Bellagio Hotel in Las Vegas.
Builder reserves the right to cancel or change the program at any time.