American Homeowner Preservation (AHP) has shared a success story Danita Bailey’s success story as part of their new real estate crowdfunding model.
Georgia resident, Danita Bailey, experienced severe financial hardships in the Spring of 2013. After the loss of her husband and increasing difficulty finding employment, Danita’s family life worsened and her mortgage payments turned unmanageable.
When AHP began working with Danita in September 2013, they saw a social impact opportunity in her predicament. AHP purchased her $60,337 mortgage and within weeks, modified the loan at a huge discount. AHP reduced Danita’s monthly mortgage payments from $600 to $350. Danita recalls the moment she received the good news,
“I was ready to give up on everything, let the house go and move back to Alabama. I feel good because they [AHP] gave me the opportunity to save my home.”
According to a recent report of the housing market, nearly 1 in 5 Americans are underwater— a term used to describe homeowners with a combined loan amount at least 25 percent higher than their property’s estimated market worth.
Jorge Newbery, AHP founder and CEO, asserts,
“Our mission is focused around building individual value, in hopes that we can help ease the anxieties of home ownership.”
Based in Chicago, AHP generates high-yield distressed mortgage investment opportunities to help strengthen families and communities. The company leverages its expertise and crowdfunding profits to provide attractive returns for both the homeowner and investment community.