Tagged: jorge newbery

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

Chicago’s CFX Markets Opens to the Public For Crowdfunding Investment

CFX Markets, a secondary market for crowdfunding assets, announced on Wednesday its online market is now open to the public. According to the company, the secondary market effectively acts as a stock exchange for crowdfunding investments, allowing investors to buy and sell shares from other participants… 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 Launches $30 Million Crowdfunding Campaign For New Initiative Opportunity 2014B

American Homeowner Preservation (“AHP”) recently launched its very crowdfunding campaign to raise $30 million for Opportunity 2014B. Funds raised will be utilized to purchase non-performing mortgages at substantial discounts from banks and other lenders. Borrowers are then offered sustainable solutions to stay in their homes with affordable payments… 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 Resurrects Communities By “Exterminating Zombies”

The month of October brings the Halloween season, and as children prepare to dress up as fictitious monsters such as werewolves and vampires, real estate crowdfunding platform American Homeowner Preservation (“AHP”) is focusing on annihilating the real creeps plaguing communities: zombie foreclosures. These nuisances are homes abandoned… Read More

American Homeowner Preservation Schedules Webinar on Impact Investing for Homeowners

American Homeowner Preservation will host a webinar to explore the company’s 2014A impact investing opportunity utilizing real estate crowdfunding. Jorge Newbery, founder and CEO of American Homeowner Preservation, will host a webinar Thursday April 24 at 3 PM EST detailing AHP’s latest investment opportunity, 2014A…. 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

Crowdfunding Success at American Homeowner Preservation

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… Read More

Brief: Aspen Investment Forum Challenged by Plane Crash, Airport Closing

The Aspen Investment Forum which took place this week, January 6 & 7, was challenged by the airport closure in Aspen due to a tragic plane crash.  One person died in the crash and two were injured when the private plane, inbound from Toluca, Mexico,… Read More

Crowdfunding Solution for Foreclosure Crisis by American Homeowner Preservation

American Homeowner Preservation (AHP) has launched a crowdfunding site to address the foreclosure crisis.  The platform expects to offer accredited investors annual returns of up to 12%. AHP  will purchase pools of distressed mortgages at significant discounts from banks and other lenders. The strong returns are a… Read More