PreREO Properties: A New Way to Buy Real Estate

Subscribe: iTunes / Spotify

This week’s episode of The Real Estate Lowdown podcast, Host Bill shares the REal TidBit conversation about REO properties.  And an interview with Jorge Newberry, founder of preREO, a unique way to purchase real estate through the acquisition of the non-performing first lien mortgage.

Jorge Newbery, Founder & CEO of AHP Servicing, He is CEO and Chairman of AHP Servicing LLC and American Homeowner Preservation LLC, which crowdfund the purchase of non performing mortgages from banks at big discounts, then share the discounts with struggling homeowners. He is also Founder and CEO of Debt Cleanse Group Legal Services, a nationwide legal plan to help consumers and small businesses get out of debt. He is also a non-attorney Partner in Activist Legal LLP, a law firm in Washington, D.C.; Founder and CEO of preREO, an online marketplace for lenders offering defaulted first mortgages to local investors.

A 2004 natural disaster triggered the financial collapse of Newbery’s former business, leaving him with $26 million in debts he could not pay. Newbery rebuilt himself through AHP, sharing what he learned from his challenges to help families at risk of foreclosure stay in their homes. In 2018, he founded Debt Cleanse Group Legal Services to assist consumers resolve all types of unaffordable debts.

He authored Burn Zones: Playing Life’s Bad Hands; Debt Cleanse: How To Settle Your Unaffordable Debts For Pennies On The Dollar (And Not Pay Some At All); and Stories of the Indebted.

To learn more, visit:

Listen to more episodes on Mission Matters: