American Homeowner Preservation Reaches Fifty Percent Funding in Latest Crowdfunding Opportunity - WKRN News 2

American Homeowner Preservation Reaches Fifty Percent Funding in Latest Crowdfunding Opportunity

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American Homeowner Preservation announced today that opportunity 2014A, its latest real estate crowdfunding investment, is over fifty percent funded.

Chicago, IL (PRWEB) June 25, 2014

American Homeowner Preservation (AHP) is closing National Homeownership Month with the announcement that it has reached the halfway mark in crowdfunding its third pool of distressed mortgages, opportunity 2014A. Thus far, AHP has raised $690,000 of the $1.2 million needed to complete the purchase of opportunity 2014A. AHP uses equity crowdfunding to purchase pools of distressed mortgages at substantial discounts and provides investors 9-12% returns while finding solutions for borrowers that keep them in their homes.

AHP implemented the use of equity crowdfunding in October 2013 after Title II of the JOBS Act allowed for businesses to publicly advertise investment opportunities. Since then, AHP has raised over $5.6 million to fund two pools of distressed mortgages. In resolving distressed mortgages in its first two pools, AHP has extinguished $2,098,576.56 in negative equity for homeowners so far while providing monthly returns to investors.

After the housing bubble burst in 2007 and home values plummeted, many homeowners found themselves underwater on their homes, which occurs when a homeowner owes more on their mortgage than the actual property is worth. AHP is able to extinguish negative equity for borrowers by modifying to new terms which align their principal balance with the current value of their home. Nearly five million homeowners have been displaced by foreclosure since the housing bubble burst, and over 10 million are at risk today due to negative equity or delinquent payments.

Opportunity 2014A is comprised of more than 185 loans secured by properties in 24 states. Ninety-five percent of the borrowers on these loans have gone through or are in bankruptcy, allowing for AHP to play a significant role in restructuring their debt through solutions such as loan modifications.

American Homeowner Preservation was established in 2008 as a nonprofit organization before transitioning to for profit. Today, AHP purchases pools of distressed mortgages from banks at big discounts, and then offers sustainable solutions to families to avoid foreclosure and stay in their homes, while concurrently generating attractive financial returns for both the homeowners and investors. For additional information on American Homeowner Preservation, please visit https://ahpinvest.com, call (800) 555-1055 or email at info(at)ahpinvest(dot)com.

For the original version on PRWeb visit: http://www.prweb.com/releases/2014/06/prweb11974200.htm

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