foreclosure: American Homeowner Preservation Helps Short Sale Families Qualify for Mortgages
- 05/23/11 07:57 AM
American Homeowner Preservation helps keep families in their homes by arranging short sales to investors, who provide affordable leases and favorable repurchase options to the selling families. Most families participating in AHP's program have severely damaged credit and will need to wait at least two to three years before qualifying for a new mortgage. During this wait period, families can maximize their likelihood of qualifying to repurchase by reestablishing their credit and finances utilizing tools such as credit repair, secured credit cards, alternative credit and budgeting. Credit repair services such as Lexington Law offer to "legally repair your credit and raise … (0 comments)
foreclosure: How to Qualify for Mortgage after Short Sale or Foreclosure
- 05/23/11 07:56 AM
Millions of American families have emerged from the housing crisis with severely damaged credit. Short sale, foreclosure, delinquency, deed in lieu, mortgage modification and/or bankruptcy can all have significant negative impacts on a family's credit. In most cases, families will need to wait two to three years before qualifying for a new mortgage. During this wait period, families will need to reestablish their credit and finances utilizing tools such as credit repair, secured credit cards, alternative credit and budgeting. Credit repair services such as Lexington Law offer to "legally repair your credit and raise your credit score by removing bad credit." … (0 comments)
foreclosure: American Homeowner Preservation Recognizes Outstanding Employee Denisse Bays
- 04/26/11 03:21 AM
American Homeowner Preservation recognized the superior performance of Denisse Bays, recently promoted to Transaction Coordinator. Michelle Weadbrock, previously commended for fantastic service, handed off the AHP "Outstanding Employee" Cup to Mrs. Bays in a brief ceremony. AHP offers a novel foreclosure prevention program designed to keep families at risk of foreclosure in their homes. AHP negotiates with existing lenders to approve short sales to investors, who provide affordable leases and favorable repurchase options to selling families. Families then receive counseling to prepare them to qualify for financing to repurchase within the 5-year option period. "I really admire what is done here … (0 comments)
foreclosure: BBB: American Homeowner Preservation Gets an 'A'
- 04/22/11 05:59 AM
CINCINNATI, OH - April 12, 2011 – The Better Business Bureau recently gave foreclosure prevention company American Homeowner Preservation (AHP) an "A" rating. AHP provides a short sale leaseback program to families who owe more than their homes are worth. When existing lenders approve, families are able to short sell and stay in their homes with lease payments averaging 40% less than prior mortgage payments. In addition, participants receive an option to repurchase their homes at amounts averaging 54% less than what was owed on their underwater mortgages "Every family has a unique set of circumstances, dictating a customized resolution. Government, … (0 comments)
foreclosure: Another Homeowner Saved from foreclosure in Henderson, NV
- 02/14/11 02:02 AM
Jerry -- Henderson, NV "We had a very high loan principal, $837k, and could not afford to make more the $6k payments anymore. By sheer luck I found the AHP website just after we stopped making payments. After reviewing my situation, they agreed to take on BofA. It was a very high dollar, complicated transaction…but they succeeded in keeping us in our home and giving us an opportunity to own it again one day! If you are in a similar situation I highly recommend discussing your options with AHP. There are no guarantees when dealing with unpredictable financial institutions, but the … (0 comments)
foreclosure: This is why we do what we do!
- 02/10/11 06:49 AM
Don Scott, a homeowner, who we were able to help sent us this email: "AHP is a Godsend. Old payment was $1,650 on a $227,000 balance... new payment $850 on a $56,000 balance. We kept our home, and will be able to buy it back in a few years. Now I can continue to raise my children in the home they were born in, and get a fresh start in life. "Thank You AHP, you do great things for good people and your staff is great to work with. Communication is fast and consistent, and all my fears and … (0 comments)
foreclosure: Ocwen Foreclosure Watch 2011
- 01/01/11 01:17 AM
Time is running out as Ocwen has upcoming foreclosure sales on homes. There is hope: Ocwen has approved American Homeowner Preservation (AHP) short sales for each of these families, but is insisting that the families move out. According to the website, AHP works with homeowners' lenders to approve short sales, discounting their loans by an average of over 60%. With these steep discounts, AHP can offer families an affordable lease and an option to repurchase their homes at a fraction of what the family previously owed. Thus, AHP creates equity and the incentive for families to stay and pay, preventing foreclosures … (1 comments)
foreclosure: Vindictive servicer of the day: ING Direct
- 01/01/11 01:12 AM
FROM Felix Salmon of Reuters: I'm a longstanding fan of American Homeowner Preservation, which has found a clever way of keeping underwater homeowners in their homes while minimizing the loss to their lenders. Even the red-in-tooth-and-claw capitalists at Goldman Sachs can understand that. But not, it seems, the idiots at ING Direct: ING Direct, the Dutch bank and internet-based mortgage lender, has objected to American Homeowner Preservation's program to keep families in their homes, and ING will no longer consider AHP short sales. "ING DIRECT will also be adding your company to our exclusionary list as your company strictly finds investors … (0 comments)
His business went into the tank He applied to his lender, One West Bank Like the government told him to Hoping that HAMP was really true
Interest rate was about to rise Mortgage payments felt like being stuck in a vise The family requested a mortgage modification Only received damnation
The lenghty modification review Went down like bad stew Without denying the mod What happened next smelled like fraud
Or at least someone should be deposed The family was … (2 comments)
foreclosure: GMAC: Soldier Can Keep His Home
- 10/18/10 08:41 AM
“The best thing, if there is a great thing, is that not everybody hates you,” said Tommy Reed, who served with the 101st Air Assault Division in Iraq. “You come across people who do not hate you, and see you as someone who freed them from a dictator. Sometimes these dirt poor families are so grateful. You see true gratitude – that was rewarding,” explained Mr. Reed, who is now engaged in a homeland battle to save his Pinson, Alabama home of 13 years. He owes $54,918 to GMAC and fell behind on his mortgage when he lost his security job due to seizure … (0 comments)
foreclosure: Ocwen's Solution to Mortgage Crisis: Layoff Americans
- 09/08/10 02:21 AM
Ocwen Loan Servicing acquired HomEq last week and plans to layoff 1,143 HomEq employees in California and North Carolina. Ocwen, which has more than 85% of its workforce overseas, is expected to shift HomEq jobs to India and Uruguay to replace the more expensive American workers. Ocwen is also expected to acquire additional servicing portfolios, layoff more Americans and continue to invest heavily in facilities and jobs in India and Uruguay, fueled by the US Treasury’scommitment of almost $1 billion of taxpayer dollars. The majority of the HomEq layoffs are occurring near Sacramento, California, and will likely boost the regional unemployment rate of 12.7%. … (4 comments)
foreclosure: American Homeowner Preservation Short Sale #83 in Akron, OH (19% Returns!)
- 08/11/10 04:29 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #83 in Akron, OH The … (0 comments)
foreclosure: American Homeowner Preservation Approved Short Sale #81 in Flint, MI
- 08/03/10 07:57 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #81 … (0 comments)
In the midst of a year-long battle to save their home of 18 years from foreclosure, the Baker family of Windham, Ohio made a pact: if they saved their home, they would plant a cherry blossom tree in the front yard. After Litton Loan Servicing first rejected a modification request and then a short sale offer from American Homeowner Preservation because it allowed the family to stay in their home with a five-year affordable lease and favorable option to repurchase, weeds were more likely to sprout instead of a cherry blossom. However, five days prior to the sheriff’s sale, Reuters’ financial blogger Felix … (5 comments)
foreclosure: Seven Steps to Speedy Short Sales
- 06/30/10 03:33 AM
Pathetic Ocwen lags the pack, averaging 29 months to process a short sale. Their competition is only marginally better, with sluggish Saxon at 17 months, HomEq 16 months, Bank of America 11 months, Aurora 10 months, First Horizon 9 months, EMC and Wells Fargo relatively spry at 8 months, Citimortgage 7.5 months, and GMAC ranked top gun at 6 months. According to a Deutsche Bank report examining the speed at which servicers conduct short sales, most American homeowners can go from conception to birth faster than completing a short sale. Although short sales are the tool du jour to combat the … (4 comments)
foreclosure: Felix Salmon of Reuters Features American Homeowner Preservation
- 04/16/10 02:03 AM
American Homeowner Preservation was recently featured in a blog entry from popular Reuters blogger Felix Salmon. The popular finance journal was formerly with Portfolio Magazine. See a snippet of his article below:
When right-to-rent meets principal reduction APR 15, 2010 16:53 EDT What happens when you cross right-to-rent with mortgage principal reductions, and turn the whole thing into an entirely voluntary private-sector program with no government involvement whatsoever? It might look a little bit like American Homeowner Preservation, a for-profit company which has a very interesting idea for keeping people in their homes... (Read more at Felix Salmon's blog)
For more information regarding American … (0 comments)
foreclosure: American Homeowner Preservation Approved Short Sale #57 in Ohio (17% Returns)
- 02/26/10 07:29 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #57 in Tallmadge, OH … (0 comments)
foreclosure: American Homeowner Preservation Approved Short Sale #56 in Ohio (16% Returns!)
- 02/24/10 03:05 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #56 in Garfield Heights, OH The … (0 comments)
foreclosure: American Homeowner Preservation Short Sale #55 in Cuyahoga Falls, OH: 20% Returns
- 02/19/10 06:23 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #55 in Cuyahoga Falls, OH: 20% Returns … (0 comments)
foreclosure: American Homeowner Preservation Short Sale #54 in St. Louis, MI: 19% Returns
- 02/16/10 02:16 AM
American Homeowner Preservation assists families at risk of losing their homes to foreclosure by selling their property to an investor who agrees to lease the home back to the family with a recorded option and lease to repurchase at a much lower price than their existing mortgage. The average homeowner comes to American Homeowner Preservation underwater and after the AHP process, can repurchase their home for an average of 60% less than their original mortgage. For more regarding American Homeowner Preservation, please visit AHPHELP.com or call 800-555-1055.
Cost of American Homeowner Preservation Short Sale #54 in St. Louis, MI: … (0 comments)
American Homeowner Preservation helps keep families in their homes by arranging short sales to investors, who provide affordable leases and favorable repurchase options to the selling families. Most families participating in AHP's program have severely damaged credit and will need to wait at least two to three years before qualifying for a new mortgage. During this wait period, families can maximize their likelihood of qualifying to repurchase by reestablishing their credit and finances utilizing tools such as credit repair, secured credit cards, alternative credit and budgeting. Credit repair services such as Lexington Law offer to "legally repair your credit and raise … (0 comments)
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