"Bottom line, we are blessed for what AHP has done and would recommend that anyone going through tough times take a chance and let AHP help them,"
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Cincinnati, OH (Vocus/PRWEB) April 13, 2011
American Homeowner Preservation (AHP) helped a Phoenix pastor and his family stop foreclosure and stay in their home through their innovative foreclosure prevention program.
"The AHP solution is a win for everyone," said American Homeowner Preservation Director Jorge Newbery. "Families stay in their homes, lenders receive prompt cash dispositions on troubled loans and neighborhoods avoid the blight of additional vacant bank-owned homes." For Phoenix Pastor Ines Silva, the result was a $639 monthly lease payment, 40% less than their prior $1,064 mortgage payment. In addition, the Silva family received an option to repurchase at $36,800, 75% less than their prior $152,000 mortgage balance.
"The entire process was surprisingly very simple. When we saw an initial presentation about the program and how much money we were going to save, it was hard to believe that the bank would allow us to sell our house to an investor and allow us to buy it back at today's market value," said Pastor Silva, who has spent 35 years guiding local families through the challenges which they encountered. . "Bottom line, we are blessed for what AHP has done and would recommend that anyone going through tough times take a chance and let AHP help them," he continued. "AHP is pleased to be able to keep families in their homes with a win-win solution for homeowners, investors and lenders. To help a family such as the Silvas, who have dedicated their lives to their community, is particularly gratifying," said AHP media director John Wills.
AHP's program allows families who owe more than their homes are worth a means of short selling their homes and leasing them back at affordable monthly payments. The program also offers participants the opportunity to repurchase their homes at amounts averaging 54% less than what was owed on their underwater mortgages.
AHP does not charge fees to homeowners. Families seeking assistance are encouraged to contact AHP at (800) 555-1055 or http://www.ahphelp.com.
Jorge Newbery, Director