An Alternative Method of Keeping Your Home... With AHP

Dec. 16, 2011 - PRLog -- Thanks to organizations like AHP (American Homeowner Preservation), people with no options are discovering a way to keep their home in spite of financial hardships. AHP has partnered with non-profit investors to create a program that buys homes from struggling owners, with the eventual goal of returning ownership.

The usual response to families facing foreclosure is a loan modification for a temporary period. In some cases, these modifications may make the house payments affordable for a short period, but fail to address the drastic drop in values of the homes across America.

The reality is that millions of Americans owe more than their homes are currently worth. Thus, when a lender agrees to drop a family's interest rate from 9% to 5%, the family does receive some welcome payment relief. However, how many families want to pay on a $150,000 mortgage when the identical house next door is for sale for $95,000?

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 and preserving neighborhoods.

The process is fairly simple, involving only six steps and a financial eligibility rating.  For more info visit http://www.shanesrealpros.com/custom10.shtml or contact us at (702) 625-1250 or email us: media@realprosnv.com

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