Chicago, IL (PRWEB) February 16, 2012
American Homeowner Preservation (“AHP”) Director Jorge Newbery and Nationwide Agent Coordinator Heidi Rogers will present at the National REO Brokers Association (“NRBA”) Midwest Seminar on February 17 at the Marriot Courtyard in Chicago, Illinois. Joining other industry leaders, AHP will educate agents to utilize AHP’s program to keep families, earn fees and grow their business. AHP acquires pools of defaulted mortgage and REOs and agents facilitate borrower outreach and dispositions.
“We are excited to invite NRBA’s experienced, resourceful agents to participate in AHP’s program”, said AHP Director Newbery. “We have dealt with many of NRBA’s agents already and have found them to be amongst the top performers in the industry.” In November, AHP launched a multi-million dollar investment fund and is utilizing their increased resources to acquire ever-larger pools of nonperforming mortgages from banks and hedge funds. Upon acquisition, borrowers are offered loan modifications which provide payment reductions averaging 40% and options to settle their mortgage principal at discounts averaging 50%. For those families who do not want to stay in their homes, cash incentives are offered to borrowers to cooperate with short sales or provide deeds in lieu.
Licensed agents initially provide CMA reports as part of AHP’s due diligence process. Once the loan is acquired, the local agent can then contact the homeowner to review options available. Agents are compensated for facilitating loan modifications or can earn commissions if homes are listed and sold. “Real estate agents are knowledgeable sources who can assist borrowers in understanding their choices,” said Heidi Rogers, AHP’s Nationwide Agent Coordinator. “AHP is intent on providing the solutions which borrowers need, not those which maximize profits for our investors. By working hand-in-hand with local agents and our servicers, we can make decisions in hours as opposed to months.”
NRBA’s mission is to bring together the nation’s best-qualified professionals in the real estate industry together with financial institutions, servicers, outsourcers, hedge funds, lenders, investors, developers as well as the individual and assist them with all aspects of default management.