[Moe Bedard]

As long as it is the mortgage payment that is causing the hardship and not other debt............then no...........

GENERAL ELIGIBILITY:

NACA’s Home Save Program is open to everyone regardless of their income or the mortgage amount based on the below requirements.

Be a Member in Good Standing:

NACA provides the Home Save workshop to everyone without becoming a NACA Member. To begin the NACA Program including the initial counseling you need to be a NACA Member in good standing. This requires that the Membership Agreement be signed by all household members. Given the current mortgage crisis NACA has suspended any Membership Fee for Home Save participants. In addition, NACA will pay for accessing your credit reports.

You cannot own another property:

NACA cannot assist people who own other properties. If you own another property but are losing or selling it, we can assist you with your primary property after the disposition of the other(s). Servicers in the NACA Program also require owner-occupancy as a condition for accepting a NACA solution.


Live in your property:

NACA believes that owner-occupants stabilize neighborhoods. Therefore, NACA requires that you are an owner-occupant. Being an owner-occupant involves you in all aspects of the community because you own a piece of the community, not just real estate. Also, owners of multi-family homes may choose stable tenants that will strengthen the community and maintain the property, even if they could have higher paying tenants. By contrast, absentee landlords usually want to maximize the rent and have little involvement with the community.


Participate in at least five actions and activities a year in support of
NACA’s mission:

Every Member is encouraged to contribute their unique skills to NACA and its mission. Many people say the NACA program sounds too good to be true. It is reality through the active participation of NACA’s huge Membership. There are numerous activities to take part in: advocacy campaigns that may include protests, demonstrations, actions and/or engaging in litigation against persons or companies that discriminate against or victimize others; volunteering in the NACA office; and assisting Members with their solutions. Your involvement in whatever way you feel comfortable is essential for NACA to continue to provide free homeownership services and the mortgage solutions in America. When you join NACA, you agree to the Participation Pledge which requires you to participate in at least five activities a year. This applies immediately as long as you have the mortgage restructured through NACA. Thus you may not be able to access the NACA program if you do not participate. We need you to take the initiative and contact your NACA office to volunteer and participate.

You may receive a live or tape-recorded phone call or e-mail to participate at an event or action, or to update you on information about the NACA Program or issues affecting neighborhoods, NACA Members, and economic justice. Please pay attention to these and do your best to attend. If you are unable to participate, it is important to find others who can. Participation and direct action have made NACA successful and will continue to strengthen our neighborhoods and organization.