THE ESCROW PROGRAM

The escrow program is a specially designed savings program that has been specifically developed for those home buyers
who do not have a down payment for a home, or who feel they cannot qualify for the purchase of a home.

The Escrow Program operates on the basis of a small initial cash deposit paid into an escrow account
followed by regular additional installments until such time that the Escrow Account is large enough
for New Century Homes to build the home.

Each member of the Escrow Program will be automatically enrolled in the United eXchange International Barter Club.
Membership in United eXchange International will be free to those participating in the Escrow Program

Under the terms of the Escrow Agreement New Century Technologies will cause
each installment to be deposited into an escrow account in the name of the home buyer.
The money will be deposited with a Federally insured financial institution where the money will earn interest at current bank rates.

Provisions within the escrow agreement allow New Century Technologies to draw Twenty Percent (20%) of each deposit from the escrow account.
This is the fee charged for managing the escrow account and will be used by New Century Technologies as the Company needs require.

Provisions within the Escrow Agreement also give New Century Technologies the right to use all of the interest earned by the escrow deposit.

Each time New Century Homes, Inc. draws the said Twenty Percent (20%) of the escrow deposit
and any accrued interest amount from the Escrow Account an amount equal to One and a Half Times
the amount taken will be credited to the Buyer's Escrow Account in the form of
United eXchange International Barter Credits.

The UXI Barter Credits will be used by New Century Homes to help pay for the construction of the new home.

New Century Homes agrees to use the UXI Barter Credits wherever possible in the construction of the new home
so as to converve the cash portion of the Escrow Account.
Should there be cash remaining after the home is built and the transaction fully closed with the Buyer
in possession of the new home, then any cash remaining shall be refunded to the Buyer.
Any UXI barter credits remaining will be refunded back to the Buyer's UXI Barter Account.

New Century Homes does not conduct a credit check on the home buyers who sign up for the escrow program.
Since New Century Homes will do all of the necessary financing we feel that credit checks will only hamper
the effectiveness of the program.

The buyer has the right to withdraw at any time, but will not receive any interest on the money deposited into the Escrow Account.
The Buyer will have received at least Thirty Percent (30%) in the form of UXI Barter Credits to cover the
Twenty Percent (20%) of the Escrow Funds that has been used by New Century Homes.

New Century Homes will proceed with the construction of the home when New Century Homes feels that enough money and Barter Credits
have been assembled to meet the requirements for construction.
Remember! New Century Homes will provide all of the necessary financing over and above the amount in your escrow account.

Simply put, Eighty Percent (80%) of the money placed in escrow by the home buyer will be deposited into a financial institution
and the remaining Twenty Percent (20%), and all of the interest earned by the escrow money, will be delivered to
New Century Homes for immediate use in the operation of the New Century Homes construction program.
The Buyer will have received UXI Barter Credits for the portion of the Escrow Funds
and the accrued interest used by New Century Homes.

But! Remember!
When the home is built the home buyer will have received full credit toward the purchase of the new home
for all of the money he/she has placed into the escrow program and all of the bank interest earned by the escrow funds.
The home buyer will also have received an additional credit from New Century Homes in the form of UXI Barter Credits to help in
completing the construction and purchase of the new home.

Check it out!!

Standard Home Purchase Contract
Work for Your Down Payment
Home Equity Exchange Program

Escrow Program

Program Information
Escrow Agreement
Check List
Escrow Home Purchase Contract
Construction Commitment
Frequently Asked Questions

New Century Homes Home Page | Who is New Century Homes?
Information about New Century Homes | What New Century Homes Provides
Standard Features of a New Century Home | History of Factory Built Homes
Our Competition | Sweat Equity Program | Home Trade In Program

Wildewoode Lumber | New Century Homes
National Gold | Fulton Land Design Company
Mayan Financial Services | Vagabond Recreation
Home Page