American Homeowner Preservation

This is a great idea (link).

American Homeowner Preservation negotiates with lenders to approve short sales for underwater homeowners. If a lender approves, the home is sold to an investor who provides the selling family a five-year lease at affordable rates, along with a recorded option to repurchase. The lease and option prices are all predetermined at the outset and are a derivative of the investor's acquisition price.

AHP passes on the majority of the benefits of the short sale discount to the family, thereby creating the incentive for the family to stay, pay and repurchase. We offer the homes to all investors, who are typically private parties looking for higher returns than they can get at the bank and many of whom are equally attracted to the direct positive impact they are having on American families.

Hat Tip: Felix Salmon (link)

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