Best-selling Author Helps African-American Consumers Turn Homes into Financial Legacy

RISMEDIA, May 16, 2007-Chase announced the launch of The Legacy of Homeownership Tour presented by Chase. The four-city tour of educational seminars is designed to show African Americans how to establish and preserve their legacies through homeownership.

Lynette Khalfani, a best-selling author and financial expert, will be the featured speaker for the tour, which will include informational workshops, one-on-one consultations with mortgage experts, onsite loan pre-approvals and displays of a wide array of local housing properties. Admission is free, but pre-registration is required. To register and get more information, go to www.chase.com/legacy.

“At Chase, we want to contribute to the economic growth of the communities we serve, as well as increase opportunities for African Americans to build generational wealth through homeownership,” said Thasunda Duckett, Chase senior vice president. “We are committed to helping consumers establish and preserve their legacies by investing in the American Dream.”

The U.S. homeownership rate among minorities increased to 49.1% from 42.3% between 1994 and 2004, according to the U.S. Census Bureau. Historically low interest rates and innovations in the mortgage lending business all have played a part. Today, homeowners increasingly are looking for financial security and smarter ways to manage and sustain their real estate investments. The tour’s seminars will address both – how to buy a home and how to sustain homeownership.

“We are proud to support the Legacy of Homeownership Tour that educates individuals about strategies to build wealth through real estate and investments,” said Craig Nickerson, vice president of Expanding Markets for Freddie Mac. “Homeownership is a financial asset that could well be a family’s most significant long-term source of wealth.”

After kicking off the tour May 19 at the Atlanta Marriott Marquis Peachtree, 265 Peachtree Center Ave., the Legacy of Homeownership Tour will be in Houston on June 23, Chicago on July 21, and in New York on September 15. Venues for these dates and cities will be posted on the www.chase.com/legacy Web site once available.

Workshop topics include:

• The Basics of Legacy Creation: Real Estate 101,
• From Taxes to Tuition: Make Your Home A Working Asset,
• Passing it On: Estate Planning & Property Transfer, and
• Leave a Lasting Legacy: Protecting Your Financial Future.

The tour also features raffles with prizes such as a Dell laptop or a one-room makeover of the winner’s home, as well as a book signing by Khalfani.

National Tour sponsors include Dell and Freddie Mac.

For more information, visit www.chase.com/legacy or call 1-800-541-0368.

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