American Homeowner Preservation CEO to Moderate Panel at Midwest Crowdfunding Conference

The panel will explore the successes and challenges of the nascent real estate crowdfunding movement. Newbery will also discuss AHP’s experience empowering accredited investors to crowdfund the purchase of distressed mortgages from banks.

American Homeowner Preservation (“AHP”) Founder and CEO Jorge Newbery will moderate the Crowd Funding Real Estate Investments panel at the Midwest Crowdfunding Conference on November 15 at One Financial Place, Chicago, Illinois. Joining William Skelley of iFunding and Brian Fritton of Patch of Land. The panel will explore the successes and challenges of the nascent real estate crowdfunding movement. Newbery will share AHP’s experience empowering accredited investors to crowdfund the purchase of distressed mortgages from banks. AHP then offers viable solutions for families to stay in their homes with reduced payments and discounted principal options. If homes are vacant or families do not want to stay, AHP offers incentives to borrowers to sign deeds in lieu of foreclosure in order to promptly put homes back in service.

“We have a social mission, but also offer investors financial returns of 9 – 12%,” said Newbery, describing the AHP’s impact investing goals. AHP began in 2008 as a 501(c)3 nonprofit and has evolved into a for-profit socially-responsible hedge fund, and has now added the crowdfunding component. “By acquiring distressed mortgages at big discounts from banks, we are able to offer transformative solutions to families to keep their homes, plus exceptional returns to our investors,” said Newbery.

“Crowdfunding is an extraordinary vehicle for investors to connect with opportunities, and largely bypass the fee-generating bureaucracies of Wall Street. Additionally, for pursuits such as American Homeowner Preservation, a great deal of social good can be achieved,” Newbery said. Crowdfunding platforms have sprung up recently offering investments in all sorts of ventures. These are pioneering times for companies and investors alike, according to Newbery.

American Homeowner Preservation to be included in Midwest Crowdfunding Conference

Crowdfunding is an extraordinary vehicle for investors to connect with opportunities, and largely bypass the fee-generating bureaucracies of Wall Street- Jorge Newbery

AHP is currently accepting investors for their 2013C opportunity, which features 249 assets. 90% of the assets are First Mortgages and 10% are REOs. The total investment of $5,660,000 is 38% of the $14,772,615 value of the homes securing the mortgages. Investors can earn 9% for a one year investments, 10.2% for two years and 12% for five years. Revenue is distributed to investors monthly, and the minimum investment is $10,000.

Other participants in the Midwest Crowdfunding Conference include author Daryl Montgomery, Jon Goldberg of VCapital and Brian Korn of Pepper Hamilton. To learn more about the Midwest Crowdfunding Conference, please visit http://www.midwestcrowdfunding.com.

About American Homeowner Preservation:
American Homeowner Preservation started in 2008 in Cincinnati, OH as a 501(c)3 non-profit. Today operating as a for profit in Chicago Il, AHP aims to empower accredited investors to crowdfund, buy pools of distressed mortgages, and generate impactful social returns and compelling financial returns. Our goal is to help secure your future by securing someone else’s. For further information or inquiries please visit http://www.ahpinvest.com or call 800-555-1055.

Success Stories with American Homeowner Preservation: Kansas

American Homeowner Preservation buys pools of distressed mortgages at large discounts from banks. After acquisition, AHP works to find a solution to keep homeowners in their homes. Sometimes homes are already vacant and abandoned. In cases like this, our asset managers work to get vacant homes back into service to help revitalize blighted communities.

A recent AHP acquisition in Kansas has made one community very happy. A vacant property in Kansas City was purchased as part of a distressed mortgage/REO pool for less than $2,000. Then, AHP was able to sell the neglected home to a new owner in order  to return the home to serviced. AHP finance the sale for a $1,000 down payment and a loan for $7,900. The homeowner purchased the home in order to rent and bring a new family into the neighborhood.

AHP sold this property to a new home owner who is fixing it up and turning it into a rental property

Because the house was vacant and needed a lot of work done to get it back to working condition, the owner began the remodel with a new coat of paint to the outside of the house and landscaping. Meetings with city officials revealed that the property had some code violations that the new owner would have to fix.  Even with the code violations, the city official was glad to hear that the property was placed into the hands of someone who really cared about the property and wanted to get it back into service as soon as possible. The city official revealed that prior to AHP and the new homeowner; the city would receive calls weekly from neighbors complaining about the property and how it was affecting the character of the community.

The new owner has ample experience renovating homes and brought his own construction crew from California to begin the remodel. He is currently 3/4 done with the remodeling process and hopes to rent the property to a family in the coming months. Neighbors are excited and happy to see the home being taken care of and be putting back into service.

3/4 done with the remodel, this property is almost ready for a family to rent. The community is glad the home is being cared for.

Click here to learn more about American Homeowner Preservation’s social impact.

American Homeowner Preservation Acquires 128 Distressed Assets

American Homeowner Preservation (“AHP”)  announced today the acquisition of 128 non-performing mortgage and REO assets on October 31, 2013. The assets are located nationwide in over 20 states, from California to Florida.AHP utilizes private investors to fund acquisitions of distressed assets from both banks and hedge funds. By taking control of the mortgages or  REOs, AHP can craft viable solutions to keep families in their homes with reduced payments and discounted principal options.  Thus far, AHP has cut monthly payments by an average of almost 40% and provided discounted settlement options to families at amounts averaging less than their half of prior mortgage balances.

“We buy these assets at significant discounts. By passing on a good chunk of these discounts to the homeowners, we are able to provide transformative solutions,” said AHP’s Founder and CEO Jorge Newbery. Alternately, if the home is vacant or the family does not want to stay, AHP offers incentives to homeowners to cooperate with deeds in lieu of foreclosure or short sales in order to promptly return the homes back to service. “A vacant home can blight a neighborhood.  Every time we break the gridlock and get a vacant home back into service, that is a big step forward for a neighborhood. Many times, some of these homes have been vacant for years,” Newbery said

AHP is currently crowdfunding to acquire an additional 249 assets for $5,660,000. Interested investors can review the offering at www.ahpinvest.com.  Investors can earn 9% for one year investments, 10.2% for two years and 12% for five years.  “We look forward to keeping more and more struggling families in their homes with realistic long-term solutions, while providing our investors the ability to earn favorable returns in a socially responsible manner,” AHP Chief Operating Officer Verria Kelly added.

American Homeowner Preservation can be contacted at (800) 555-1055 or www.ahpinvest.com.

Impact Investing and American Homeowner Preservation, What’s the connection?

The Global Impact Investing Network defines Impact Investing as

 ”Investments that aim to solve social or environmental challenges while generating financial profit. Impact investing includes investments that range from producing a return of principal capital (capital preservation) to offering market-rate or even market-beating financial returns. Although impact investing could be categorized as a type of “socially responsible investing,” it contrasts with negative screening, which focuses primarily on avoiding investments in “bad” or “harmful” companies – impact investors actively seek to place capital in businesses and funds that can harness the positive power of enterprise.”

What does this all mean when talking about American Homeowner Preservation?

CEO Jorge Newbery homeowner documents in the Chicago office

When AHP first started five years ago in Cincinnati, Founder and CEO Jorge Newbery wanted to find a solution to the foreclosure crisis working one-on-one with homeowners and their lenders.  Today, headquartered in Chicago, AHP is working with investors to purchase pools of discounted mortgages to help keep families in their homes while also generating strong returns.

The process begins with investors investing with AHP to purchase pools of discounted mortgages from banks. Once the full amount of the pool is raised investors begin to receive returns on their investment based on the Class they chose. Then AHP works with homeowners to find a viable solution for them. Solutions may include loan modifications, short sales, or a Deed in Lieu.

Although there are many working parts, AHP is able to provide an investment opportunity to investors that generate above-market returns and also a measurable social impact. The AHP solution to the foreclosure crisis offers aninnovative and multifaceted approach to decision-making on investments, which can offer investors robust and inclusive financial gains as well as social benefits. AHP is able to offer measurable social and financial returns to investors aligning it with Global’s definition of Impact Investing.

AHP’s efforts thus far has helped more than 400 families stay in their homes and extinguished more than $40 million in negative equity. The current offering of 249 assets is being acquired for $5,660,000 and has an estimated value of Real Estate Collateral at $14,772,615.

To learn more about our process and investment opportunities visit https://ahpinvest.com/

American Homeowner Preservation Debuts Crowdfunding Solution to the Foreclosure Crisis

American Homeowner Preservation announces the debut of the company’s new website, http://www.ahpinvest.com, as a crowdfunding solution to the foreclosure crisis.

Chicago, IL (PRWEB) October 24, 2013

American Homeowner Preservation (“AHP”) today launches a crowdfunding solution to the foreclosure crisis, offering accredited investors annual returns of up to 12%. AHP purchases pools of distressed mortgages at significant discounts from banks and other lenders. The strong returns are a result of the discounts negotiated with lenders which sell their loans coupled with AHP's formula to achieve prompt, consensual solutions with borrowers.

The first offering on http://www.ahpinvest.com features over 200 assets being purchased for less than 40% of the current value of the homes. “If a borrower owes $100,000 and the home value is now $50,000, we can buy that loan for $20,000. This big discount enables AHP to deliver borrower-friendly solutions for families, while concurrently generating attractive returns for investors,” said Jorge Newbery, AHP’s Founder and Chief Executive Officer. AHP offers a 9% annual return for investments of up to one year, 10.2% for two years and 12% for five years.

Crowdfunding and the recently-enacted JOBS Act enable AHP to connect directly with private investors and bypass the fee-generating bureaucracies of Wall Street. “Now, we can offer attractive returns directly to investors, who can share in the positive impact these investments have on families and communities,” added Newbery. American Homeowner Preservation makes impact investing easy and convenient utilizing a secure online investing community. “The AHP model is scalable, repeatable and provides strong returns to investors and life-changing financial transformations for families,” says Newbery.

4.4 Million families have lost their homes since the foreclosure crisis began in 2008 and over 12 Million families owe more than their homes are worth. “All these underwater mortgages will remain a drag on families, communities and the nation until they are resolved. AHP and our investors are a component of the solution,” said AHP’s Business Development Director Alison Lundberg.

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About American Homeowner Preservation:
American Homeowner Preservation started in 2008 in Cincinnati, Ohio as a 501(c)3 non-profit. Now operating as a for profit in Chicago, Illinois, AHP empowers accredited investors to crowdfund to buy pools of distressed mortgages, and generate impactful social returns and compelling financial returns. AHP helps investors secure their futures by securing someone else’s. To learn more, visit http://www.ahpinvest.com or call 800-555-1055.

AMERICAN HOMEOWNER PRESERVATION HELPS FIRST-TIME CHICAGO HOMEBUYER FIX A BIG MORTGAGE MISTAKE

Chicago, IL (PRBuzz.com) August 22, 2013 -- American Homeowner Preservation (AHP) announced today a successful mortgage modification for first-time Chicago homeowner Mattie Griffin, helping the Griffin family avoid foreclosure and stay in their home. AHP was able to provide the Griffins with a principal reduction of 77%, a monthly payment reduction of 75% and settlement of delinquent payments for just 7% of the total owed, making the home and mortgage affordable for them in the long run.

Griffin, a hard-working florist, provides a home for herself, her children and several of her grandchildren. She purchased the home to provide her family with a sense of security and a place to call their own. As a first-time homebuyer, she didn't know much about mortgages when she went through the process, and she trusted that the person who sold her the mortgage was offering her a good deal. She ended up with a large monthly payment of around $2,500 and an interest rate of nearly 10%, much higher than the going rate, but she believed that it was the best she could do - at least that's what they told her.
The payments were high, but she managed to make it work. Then, the economy crashed and Mrs. Griffin's income dropped dramatically because business was down - people who had lost their jobs were not buying flowers, they were struggling to survive. In an economy in recession, the mortgage quickly became more than the family could manage, and they fell behind on their mortgage payments.
Mrs. Griffin's attempts to modify her mortgage with her original lender or refinance through another lender were labor-intensive and ultimately unsuccessful. By the time she received an offer letter from American Homeowner Preservation, she had little hope she would be able to keep her home.
When she received her AHP offer letter, she and her family were very skeptical - they thought it was a scam like so many other offers they had received that went nowhere. However, after researching AHP and talking to a mortgage broker who confirmed that the organization is legitimate, they went to the AHP offices in Chicago to discuss their offer.
"American Homeowner Preservation was different from everyone else we had dealt with," said Theos Griffin, Mrs. Griffin's son. "Other lenders treat you like just another business deal - they couldn't care less about you. AHP was understanding, sympathetic and sensitive to our situation - they treated us like people, not numbers, and they really wanted to help us keep our home. It was a big difference."
Jorge Newbery, Founder and Chief Executive Officer of American Homeowner Preservation, says the Griffins' situation is not all that uncommon. "Mortgages can be very complex, and first-time homebuyers often don't understand how to evaluate the mortgage someone is selling them  compared to other options that might be available," he said. "Unfortunately, mortgage lenders are often incentivized to sell mortgages that may not be the best for a particular family's situation, because they earn a higher commission. So it's important for all buyers, especially first-time buyers, to carefully consider all aspects of their mortgage before they make a final decision and to make sure that they are getting the best deal they can." Newbery continued, "In the Griffins' case, there was never any intent to not pay, they just needed a mortgage they could afford given their new economic reality. It is very gratifying to be able to offer this family the fresh start they needed to be able to stay in their home."
Theos Griffin says the family really appreciated AHP's approach and is very thankful for the help. "They made us aware of options we hadn't even thought of and explained everything to us clearly, so we know what we were signing up for and that it would be workable for us." He concluded, "We were in disbelief that it could be real, that there could be a way to stay in our home. Once we realized we could, we were overjoyed. We were very satisfied with what American Homeowner Preservation has done for us."

American Homeowner Preservation purchases pools of challenged mortgages from banks and other lenders and then offers borrowers solutions who want to stay in their homes viable, sustainable solutions with reduced payments and discounted principal balances. If homes are vacant or families want to move, AHP offers deficiency waivers and incentive payments to cooperate with short sales in order to put the homes back into service. To learn more about how AHP helps prevent foreclosure and preserve neighborhoods, please visit www.ahphelp.com, call (800) 555-1055 or email info@ahphelp.com.

American Homeowner Preservation and Millstone Landing Collaborate to Lease Option Homes

American Homeowner Preservation LLC, pioneers of the short sale leaseback to assist families at risk of foreclosure, has entered into an agreement with Millstone Landing LLC, the owners of a gated 613 single family development in Vero Beach, Florida, to offer lease options to credit-worthy buyers who cannot obtain financing in today's tight credit environment. Millstone Landing features newly-built quality homes nestled amongst lakes and a nature preserve.

The original developer, Shelby Homes, ended up in bankruptcy after defaulting on a construction loan amounting to $370,000 per home. In 2008, the average sales price of a Millstone Landing home was $618,000. Today, these same homes are offered new for under $260,000, and AHP investors can acquire for $155,000 subject to the leases and options to the end-user buyers. Typically, the end-user buyers are paying Millstone Landing a 10% option deposit and receive a two-year option and two-year lease. The monthly payments average $1,900 monthly, with $900 being credited to the eventual purchase.

For example, a British airline captain, who earns $120,000 annually from his six-year position with BMI Airlines, is under contract to purchase a 3,200 square foot Millstone Landing home for $235,000. Having difficulty qualifying for financing due to their foreign national status, this family wants to execute a lease and option now in order to take advantage of today's depressed prices. After paying a $30,000 deposit, this family can exercise their option to purchase anytime over two years by paying the remaining $205,000. The AHP investor buys the home for $155,000 and receives $1,905 monthly. When the option is exercised, AHP's investor receives $170,500, AHP receives their program fee of $7,750 and the subdivision owner receives the remaining $26,750 minus the $900 monthly credited towards the option price.  In this case, the captain intends to sublet the home until relocating in the future. Similar homes nearby lease for $1,400 - $2,250. The projected annual return to AHP's investors is 16%.

"If financing was readily available, we would be sold-out. However, many prospective buyers cannot qualify for financing, despite strong income and positive credit histories. Thus, American Homeowner Preservation's Lease Option program is a tool which enables us to sell our homes faster. We do take a bit of a hit on the pricing in order to deliver the yield AHP's investors require, plus we have to defer some of our return," said Brian Plunkett, one of Millstone Landing's principals. "Still, the ability to promptly move our inventory and save many months of holding costs makes AHP a good solution for Millstone."

"We are delighted to expand the use of AHP's Lease Option model, particularly at a high-caliber development such as Millstone. The U.S. housing market will remain weak until the excess inventory is sopped up. With a dire lack of financing, many families are unable to take advantage of  today's depressed pricing," said AHP's Director Jorge Newbery. "AHP's Lease Option program fills a void, getting families into homes at attractive prices and terms, facilitating the rapid disposition of inventory by subdivision owners and generating strong returns for AHP's investors."