Tagged: ahp

American Homeowner Preservation Appoints New CEO

American Home Preservation (AHP), a company that purchases distressed mortgages and then enables smaller investors to invest in the assets, has appointed a new CEO as long time founder Jorge Newbery become Chairman of the firm. AHP has hired DeAnn O’Donovan, a former executive with… Read More

American Homeowner Preservation Hits Pause on New Investments

American Homeowner Preservation (AHP) has announced they have temporarily suspended accepting new investments. AHP is company that purchases distressed mortgages, typically at a steep discount, and then works with homeowners to find a solution to get the loans performing again. In operation since 2008, AHP… Read More

American Homeowner Preservation Acquires 799 Non-Performing Mortgages Using Reg A+

American Homeowner Preservation (AHP) 2015A+ LLC  has acquired 799 non-performing mortgages from the 3 Star Properties, LLC bankruptcy. AHP paid $2,875,000 for $43,822,832 in total debt from the bankruptcy proceedings. The mortgages are on properties located in 39 states plus Puerto Rico, with the largest… Read More

American Homeowner Preservation Launches Self-Running Regulation A+ Initiative

Chicago-based real estate crowdfunding American Homeowner Preservation (“AHP”) announced earlier this week the launch of its very own self-running Regulation A+ campaign. The funding portal, which was founded by Jorge Newbery in 2008, revealed that it has been working hard to get the offer qualified… Read More

Brief: American Homeowner Preservation Announces First Institutional Investment

American Homeowner Preservation (“AHP”) secured its first institutional investment. Scarab Funds, a socially responsible investment fund, recently invested in AHP’s Series 2014B, providing capital to purchase nonperforming mortgages from banks and then offer viable solutions to struggling homeowners. AHP has purchased close to 500 mortgages… Read More

American Homeowner Preservation Provides Thirty-Three Percent Principal Reduction for Struggling Texas Homeowner

Texas had 36,000 completed foreclosures between September 2013 and September 2014, the second most of any state during this time according to a recent report by Corelogic. This week, American Homeowner Preservation (“AHP”) was able to help an elderly couple avoid the wave of Texas foreclosures by providing them a… Read More

American Homeowner Preservation Announces Loan Modification for Milwaukee Family at Risk of Foreclosure

American Homeowner Preservation (AHP) announced today the company was able to help a Milwaukee, WI family catch up on nearly three years of delinquent mortgage payments to avoid foreclosure with a loan modification this week. AHP purchases distressed mortgages using real estate crowdfunding with a mission… Read More

As Layoffs Dwindle, American Homeowner Preservation Aids Military Family Recovering From Recession

The national unemployment rate fell to 5.9 percent in September, down from 7.2 percent in September 2013, according to a USA Today article released on October 30th. Doug Carroll of USA Today wrote that, “The downward trend means fewer workers getting laid off, adding to other… Read More

American Homeowner Preservation to HUD Loan Sale Protestors: Community Stabilization Can Be Rewarding For All

Protests broke out in Los Angeles and at least ten other cities nationwide earlier this month when community organizations voiced their opposition to HUD’s Distressed Asset Stabilization Program, which the Los Angeles Times reported on September 10th. Protestors are calling for HUD to stop the sale of… Read More

American Homeowner Preservation Acquires Non-Performing Mortgage Pool

American Homeowner Preservation (AHP) has acquired a pool of non-performing mortgages made to borrowers with Individual Taxpayer Identification Numbers (ITINs). The mortgages are secured by homes in more than eight states, with the greatest concentrations in Illinois and Indiana. AHP utilizes a real estate crowdfunding… Read More

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