Raise closed, search for fresh raises on Seedstage

Chicago, IL

Raising funds to pursue litigation for asset recovery and provide prioritized returns to investors.

• Asset recovery effort: Focused on resolving disputes over $63 million in mortgage loans and real estate.
• Investor benefits: Structured to provide up to triple returns to investors depending on timing of recovery.
• Legal focus: Pursuing claims under RICO laws to maximize potential recovery.
• Operational continuity: Funds will cover legal and operational costs during litigation.
• Community impact: Aligning asset recovery with aiding homeowners in financial distress.

American Homeowner Preservation (AHP) is raising funds to support litigation related to the recovery of mortgage loan assets and real estate that are the subject of an ongoing legal dispute. These assets, valued at over $63 million, are integral to AHP’s business of resolving distressed mortgage loans and assisting homeowners. Funds from this offering will be used for legal fees, operational costs during litigation, and expenses associated with the capital raise, ensuring the company has the resources needed to pursue its claims effectively.

AHP’s litigation includes claims under RICO laws, with potential recovery outcomes such as treble damages, reimbursement of legal costs, and the return of disputed assets. Investors in Litigation Support Shares are prioritized in distributions, with potential returns of up to triple their investment. This offering is an opportunity for investors to support AHP’s efforts to resolve its legal disputes and potentially realize significant returns, while enabling the company to continue its mission of addressing distressed mortgage loans and assisting homeowners.

Company Info

American Homeowner Preservation resolves distressed mortgage loans through modifications or foreclosure while actively pursuing litigation to recover misappropriated assets.

American Homeowner Preservation 2015A+ LLC and AHP Servicing LLC specialize in acquiring and resolving distressed first mortgage loans that are in default or were recently in default. They aim to resolve these loans through modifications that adjust terms to make them affordable for homeowners or, as a last resort, foreclose on and sell the real estate securing the loans. To facilitate this, the companies hold these assets in special-purpose trusts for regulatory compliance.

The companies are involved in ongoing litigation, including a significant RICO lawsuit, against several entities they allege wrongfully retained assets and engaged in fraudulent activities. The proceeds from the litigation are intended to recover over $60 million in mortgage loans and related real estate, with potential triple damages. Investors in the Litigation Support Shares have a structured opportunity to receive returns based on the outcome of these lawsuits, prioritizing the recovery and distribution process to those shareholders before others.