Chicago, IL (PRWEB) March 12, 2014
American Homeowner Preservation (“AHP”) announced today a successful mortgage modification for an Alabama retiree. The borrower’s adult daughter was diagnosed with cancer in 2010. When the daughter’s husband would not help, the borrower moved in to take care of her daughter and teenage grandson. She was soon utilizing all her funds to help her daughter with care and medical expenses. Sadly, the daughter passed. However, this 69-year old was not done. She continued to care for her grandson and, now that he prepares to enter college, the borrower found that she needed help herself. Her longtime home was scheduled for auction on March 4, 2014. Despite these challenges, she remained optimistic, “I knew something good could still happen. I’ve been through a lot, but you gotta struggle a little to get to better places.”
She contacted AHP just days before the auction. Worries that she would lose her home and end up in government-assisted living were alleviated when AHP agreed to settle $27,600 in delinquent payments for $2,000. In addition, to ensure her home remained affordable, AHP dropped the monthly payment from $479 to $250. Finally, the principal balance of $63,000 can now be settled for $14,800. Just days before the scheduled auction, the borrower drove 45 miles to deliver the initial $2,000 payment and sign the modification at the foreclosure attorney’s office. She had stepped up to help her family, and AHP was pleased to help when the need arose. “It’s just such a wonderful feeling not having to give up my home,” she said.
Community investing is emerging in real estate crowdfunding platforms, allowing socially conscious investors a means for their dollars to impact beyond financial returns. Foreclosures and abandoned homes are at the root of many community problems, from reduced property values to an increase in crime. AHP investments focus on stabilizing families and communities nationwide.
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 info(at)ahpinvest(dot)com.