American Homeowner Preservation helps the homeowner stay in their home and relief themselves of excessive mortgage debt. With the decline of the housing market, many families are now ‘underwater’ on their mortgages—meaning that they owe more money than their home is actually worth. American Homeowner Preservation will negotiate a short sale (when a lender agrees to accept less than the value of a mortgage in exchange for full satisfaction of the mortgage) for a homeowner. AHP matches each homeowner with an investor who agrees to purchase the home on short sale, lease the home back to the family up to five years along with a recorded option to repurchase their home at a fraction of what they once owed.
For example, let’s say you owe $100,000 on her home. American Homeowner Preservation will aim to negotiate a short sale for $30,000. The investor will purchase the home and your friend would then have the option to repurchase her home for predetermined prices between $34,500 – 39,000, depending on how soon the home is repurchased. Necessary repairs will also be completed and the lease payments will not be more than 33% of her monthly income.
You can learn more about how American Homeowner Preservation benefits homeowners at https://www.ahphelp.com/homeowner.php .