American Financial Solutions started in April 2007. AFS originally sold a Mortgage Acceleration Program called Money Merge Account (MMA) by a company called United First Financial (UFirst). It is a mortgage acceleration software designed to help homeowners pay their home mortgage down from 30 years to sometimes less than 13 years.
As the real estate market turned, AFS adjusted its strategy to buying and selling homes and condos. AFS worked with high end, luxury single family home developments to condo converters. These developers typically had close out or bulk deals. Many units were bought and sold during the next few years.
Once financing dried up for homes and particularly condominiums, AFS’ remaining real estate inventory was kept as rental property.