This Business is not BBB accredited

Description

This company negotiates short sales for homeowners at risk of foreclosure.  They extend the short sale offer to an investor who purchases the home.  The investor leases the home back to the homeowner who has a recorded option to repurchase the home at a predetermined price within the five year lease period.  If the lease period ends and the homeowner has not repurchased the home or the homeowner chooses to vacate the property at any point of the five year lease, the investor will be instructed to sell their home.  The investor will receive the option price (plus any unpaid lease payments), along with 50% of the proceeds over the option price. The homeowner will receive any the other 50% of the net seller proceeds in excess of the option price.

American Homeowner Preservation LLC does not send checks to consumers or offer mystery or secret shopping jobs. If you recieve a check in connection with an offer of employment to become a mystery or secret shopper, do not cash the check or draw on funds against the check. Any individual or business owner who suspects that he or she may have received such a check can contact BBB for assistance. Victims are also strongly urged to contact their state's Attorney General's Office, their local police and the Federal Trade Commission (www.ftc.gov) at 877-382-4357 to report the fraud. If consumers are instructed to wire funds to Canada, consumers can also contact the Canadian Anti-Fraud Center, otherwise known as PhoneBusters (www.phonebusters.com) by calling 1-888-495-8501.

BBB Accreditation

This business is not BBB accredited.

Businesses are under no obligation to seek BBB accreditation, and some businesses are not accredited because they have not sought BBB accreditation.

To be accredited by BBB, a business must apply for accreditation and BBB must determine that the business meets BBB accreditation standards, which include a commitment to make a good faith effort to resolve any consumer complaints. BBB Accredited Businesses must pay a fee for accreditation review/monitoring and for support of BBB services to the public.

Reason for Rating

BBB rating is based on 16 factors. Get the details about the factors considered.

Factors that lowered the rating for American Homeowner Preservation LLC include:

• Length of time business has been operating

Factors that raised the rating for American Homeowner Preservation LLC include:

• Complaint volume filed with BBB for business of this size.
• Response to 1 complaint(s) filed against business.
• Resolution of complaint(s) filed against business.
• BBB has sufficient background information on this business.