American Homeowner Preservation presentation at National REO Brokers Association seminar 2_17_12 in Chicago

1. American Homeowner Preservation
American Homeowner Preservation
53 W. Jackson Boulevard #1357
Chicago, IL 60604
Phone: (312) 386 – 5678
www.ahphelp.com

2. AHP History
• May 2008:
AHP opens office in Cincinnati OH as 501c3 nonprofit with mission of keeping
families in their homes
• July 2009:
Transition to for-profit
• December 2010:
As a result of lenders’ reluctance to approve logical deals, AHP transitions to
buying pools of defaulted mortgages and REOs
• November 2011:
AHP moves to Chicago and transitions to hedge fund structure, pooling
investor funds to acquire progressively larger pools
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3. American Homeowner Preservation
NRBA Agents Can Earn & Keep Families in Their Homes:
• Modification Assistance Fees (paid by AHP)
• Commissions on Short Sales, Deeds In Lieu, REOs
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4. AHP Process
Analyze Pools
Order CMAs
AHP Assign
Agents
Win Bid
Submit Bid
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5. Agent Steps
• Agent to contact borrower
• If family wants to stay, offer Modification, reduced
payments and principal reduction options
• If home is vacant or family wants to move, list as
Short Sale or Deed In Lieu
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6. Modifications
• Payment Reductions average almost 60%
• Principal Reductions average over 50%
• AHP dictates modification terms to our servicer
• Only need single piece of documentation for each
income source
• Co-signers welcome
• No tax returns, hardship letters, etc
• Same day approvals
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7. Short Sales/ Deeds In Lieu/REO
• Realistic Pricing
• Cash incentives to borrowers, typically $1000 - 2500
• No tax returns, hardship letters, etc
• Non-arm's length sales are encouraged
• Same day approvals
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8. To Succeed
• Get comfortable knocking on doors
• If vacant, post flyer and chat with neighbors
• Tax Assessor, Search Bug, Private Investigator
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9. Agent Payment
• Modifications: $500
• Listings: 3% listing side, with 1% referral fee to AHP
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10. • Pools are Nationwide
• Predominantly Lower-Value(<75K) Homes
• Majority Nonperforming mortgages, some REO
ATTRIBUTES CHALLENGES
• Signs in market, greater • Some homes may sell for <5K
exposure, More buyer leads • No Minimum Commission
• Steady source of business • Not every CMA results in an
• Rapid, logical AHP response acquired note/REO
• Great means to build REO
resume
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11. Our Goals
• Keep Families In Their Homes
• Generate an Industry-Leading Return to investors
• Acquire Ever-Increasing Pools;
• Automate Agent Interaction to Maximize Efficiency
and Limit Unrewarded Effort
When there is a choice between keeping a family in
their home, or higher return to our investors, the answer
is to keep the family in their home
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12. Register at www.ahphelp.com
You will input zip codes of markets you work in
Contact Heidi Rogers
Cell: 312 386 5681
Email: h.rogers@ahphelp.com
THANK YOU!
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