Tuesday, April 12, 2011

American Homeowner Preservation Helps Phoenix Pastor Avoid Foreclosure

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DSC023731Ines Silva has been a Pastor for over 35 years, guiding hundreds of families through the challenges which they encountered. Yet, when the Silva family found themselves at risk of losing their Phoenix, Arizona home of twenty years to foreclosure, Pastor Silva turned to American Homeowner Preservation to provide a long term solution to his family's crisis. As a result, the home was sold for $32,000 to an AHP investor, who provided the Silva family a five year lease to stay in the home at $639 monthly, 40% less than their previous $1,064 mortgage payment. In addition, the Silva family received a recorded option to repurchase their home at $36,800, 75% less than their prior $152,000 mortgage balance.
"The entire process was surprisingly very simple. When we saw an initial presentation about the program and how much money we were going to save, it was hard to believe that the bank would allow us to sell our house to an investor and allow us to buy it back at today's market value," said Pastor Silva. "Overall, we love AHP for helping us save our home. Bottom line, we are blessed for what AHP has done and would recommend that anyone going through tough times take a chance and let AHP help them," he continued. "AHP is pleased to be able to keep families in their homes with a win-win solution for homeowners, investors and lenders. To help a family such as the Silvas, who have dedicated their lives to their community, is particularly gratifying," said AHP media director John Wills

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