|By Marketwired .||
|April 22, 2014 06:50 PM EDT||
CHICAGO, IL -- (Marketwired) -- 04/22/14 -- American Homeowner Preservation ("AHP") announced a new impact investment opportunity today, pool 2014A. This opportunity provides investors with the ability to become part of the solution to the nation's foreclosure crisis while receiving above-market financial returns. AHP purchases pools of distressed mortgages at significant discounts from banks and other lenders, then works with struggling homeowners to help them avoid foreclosure. AHP uses crowdfunding to offer accredited investors the ability to purchase interests in these pools of mortgages for as little as $10,000.
2014A is comprised of 185 nonperforming mortgages, 177 of which are homeowners who are, or have previously been, in bankruptcy. In 2005 under George W. Bush, the Bankruptcy Abuse Prevention and Consumer Protection Act made it more difficult for those in debt to file for chapter 7 bankruptcy, which liquidates personal debt. Now, chapter 13 bankruptcy is a more common option that requires a person to pay back a substantial portion of the debt over a 3-5 year period. Once a homeowner files for chapter 13, the foreclosure is stopped and the borrower has the opportunity to work out a payment plan to keep their home.
AHP is acquiring the loans in 2014A at a 65% discount of the current property value. By sharing a portion of the discount with the homeowners, AHP can reduce the principal balance and monthly payment of the loan. This can be a great relief to families who are desperate to save their homes and restore a sense of normalcy, especially for those who do not wish to uproot their children. Through working with AHP, these homeowners will have a much better chance of regaining their financial footing and moving on with their lives.
The 2014A investment pool features first mortgages secured by properties nationwide. Mortgage loans range in origin from California to Florida and many states in-between. Many of the loans are secured by homes in Florida, which has the nation's highest rate of foreclosure with 1 in every 407 homes being in some phase of the process.
AHP offers investors the opportunity to gain competitive financial returns on their investments in addition to the satisfaction helping solve the nation's foreclosure crisis. Investors receive monthly returns based on their choice of three different investment options: One year at 9%, two years at 10.2% and five years at 12%.To date, AHP has helped nearly 500 struggling families retain their homes, and has put almost 350 vacant homes back in service.
American Homeowner Preservation was established in 2008 as a nonprofit organization before transitioning to for profit. Today, AHP purchases pools of distressed mortgages from banks at big discounts, and then offers sustainable solutions to families to avoid foreclosure and stay in their homes, while concurrently generating attractive financial returns for both the homeowners and investors. For additional information on American Homeowner Preservation, please visit http://www.ahpinvest.com, call (800) 555-1055 or email at [email protected].
American Homeowner Preservation
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