REALTORS® Charging Capitol Hill, Posted by Elizabeth

  1. American Homeowner Preservation( offers a program in which investors purchase homes on short sales from underwater homeowners and then provide the selling families affordable 5-year leases and favorable 5-year recorded options to repurchase. There is no cost to the homeowners or taxpayers, and most of the short sale savings are passed on to the families – for instance, if they owe $100,000 on a home now worth $50,000, and AHP’s investor purchases for $40,000, then the family will have option to repurchase at $46,000 – 52,000. This provides incentive for families to stay, pay and repurchase; gives lenders prompt cash dispositions on troubled loans; and reduces blight caused by additional vacant bank-owned homes pockmarking neighborhoods.