NACA’s “Save the Dream Tour” Now Disappointing Thousands in Phoenix? - Mortgage Forum

sandyg · 10-03-2009, 02:23 PM

Does anyone know if Fannie is at this event to mod loans this weekend? I don't want to waist my time if I will be on the downhill rollercoaster!!!

davephx · 10-03-2009, 02:28 PM

Yes Fannie is in Phoenix. See my long detail post and how I missed seeing them but you should and report back to us on the problem of their restarting mods over

davephx · 10-04-2009, 01:29 AM

This article I read from the source which I ignored and hoped it would NOT be picked up in the media.

But it was just posted about half an hour ago on the USA Today site.

I support NACA's effort and wouldn't not make this article known except here as a heads up, only because it has been picked up by USA Today

So far the USA Today story is just a link the a Mortgage blog which could have a negative bias against mods

Here is the link
Wells Fargo Story Page - USATODAY.com

Here is the original article direct link
http://mandelman.ml-implode.com/2009...ds-in-phoenix/

jrolfedrev · 10-04-2009, 09:30 AM

Quote:

Originally Posted by davephx

This article I read from the source which I ignored and hoped it would NOT be picked up in the media.

But it was just posted about half an hour ago on the USA Today site.

I support NACA's effort and wouldn't not make this article known except here as a heads up, only because it has been picked up by USA Today

So far the USA Today story is just a link the a Mortgage blog which could have a negative bias against mods

Here is the link
Wells Fargo Story Page - USATODAY.com

Here is the original article direct link
NACA?s ?Save the Dream Tour? Now Disappointing Thousands in Phoenix? - Mandelman Matters

This is just a ploy by the banks and investor making the consumer not to go through NACA and extend their greediness and inhumane activity. It's always the consumer that suffers while the banks with all their high ranking officers get the commission.

I-LOVE-MOEBEDARD · 10-04-2009, 10:14 AM

I just googled BBB + NACA since the guy in the article mentioned by dave says that NACA gets an "F." But when I looked, it had no rating, because it is "rated by another BBB." What other Better Business Bureau Is there?

Moe Bedard · 10-04-2009, 10:29 AM

I have been saying negative things lately about NACA. So, I am in no way jumping on this clown bloggers train.

This Martin Andelmen is a loan mod con man. He has promoted more fraudulent scamming companies than anyone in the world. He is the scum of Main Street and I have proof of this crap. Please wear an internet condom if you visit his website.

It doesn't mean everything he says is a lie and I did to pick up this on my Google alerts. The facts are that there is some truth to what he says.

I love NACA and I despise this blogger, but I STAND BY THE TRUTH BEFORE ALL ELSE.

So, with that said, NACA is misleading thousands of homeowners by saying they can help everyone when in fact they can't. I have proof of this BS and Bruce Marks making these statements and homeowners 6 months down the road with no help and crappy service from NACA.

What started out as a good mission and has helped thousands and thousands is now turning into a NACA machine where it is all about numbers, conventions and money.

NACA gets $200 per head when they counsel someone. So, now you know why they say they can help everyone so they get those numbers in the door and it is more like a NACA rock tour than a true foreclosure prevention events.

I am very upset with NACA and they have used me and my forum for two years for their monetary and marketing benefit.

I will not recommend anyone go to NACA from here on out and it is not because of this Martin scum bag either.

I-LOVE-MOEBEDARD · 10-04-2009, 10:38 AM

Ah.... Moe. Sh#t. Now I have to consider again whether to drive the 6 hrs to Oakland or not. Maybe I still will cuz my kid lives in SF and I can see him. But I won't hold out hopes. What I will know is that I have done EVERYTHING I can to make this happen. More and more it's looking like the results of my QWR to Chase are going to be key. I still have this feeling they are going to refuse to sign the certified letter.

So - AFTER you talk with BoA, maybe there is an e-mail campaign to NACA to return to the work they were doing and cut it out?

jrolfedrev · 10-04-2009, 10:55 AM

Moe you had been a great instrumental for all us homeowners of learning how to fight back at the lenders especially with your advice as well as others here. While it is true that NACA have used your site for their advantage but it help most homeowners. Maybe Bruce needs to apologize to you and work something else to improve his services to the homeowners. But then again we do not know if moneys has a creep in to the NACA staff. As well all know, money is the root of all evil. NACA have reduce my interest rate from 6.5 IO to 3.25 fixed for 28 yrs but I will still go to LV next weekend to try reduce the rate since they did not include property tax and home insurance. Now, if they cannot work it out or BofA disagree but I heard in LA everyone have attended got a successful mods. But most of all thank you so much Moe for all your help and advise for all the homeowners and creating loansafe to educate all of us ........

md37793 · 10-04-2009, 03:14 PM

Moe. I am sorry to hear that. I just got a great mod from them, but it does not seem like they are doing as well as they were before. If true that is terrible that they seem to have lost focus of their mission.

Quote:

Originally Posted by Moe Bedard

I have been saying negative things lately about NACA. So, I am in no way jumping on this clown bloggers train.

This Martin Andelmen is a loan mod con man. He has promoted more fraudulent scamming companies than anyone in the world. He is the scum of Main Street and I have proof of this crap. Please wear an internet condom if you visit his website.

It doesn't mean everything he says is a lie and I did to pick up this on my Google alerts. The facts are that there is some truth to what he says.

I love NACA and I despise this blogger, but I STAND BY THE TRUTH BEFORE ALL ELSE.

So, with that said, NACA is misleading thousands of homeowners by saying they can help everyone when in fact they can't. I have proof of this BS and Bruce Marks making these statements and homeowners 6 months down the road with no help and crappy service from NACA.

What started out as a good mission and has helped thousands and thousands is now turning into a NACA machine where it is all about numbers, conventions and money.

NACA gets $200 per head when they counsel someone. So, now you know why they say they can help everyone so they get those numbers in the door and it is more like a NACA rock tour than a true foreclosure prevention events.

I am very upset with NACA and they have used me and my forum for two years for their monetary and marketing benefit.

I will not recommend anyone go to NACA from here on out and it is not because of this Martin scum bag either.

CW California · 10-04-2009, 08:41 PM

Moe
It sure does seem like there have been an awful lot of Dream Tours. I can understand the logic of inundating the system with the ultimate goal of helping to change the system in the long run for the better. My fear is though that many,many people will fall thru the cracks in the meantime. I have to say that I think NACA was doing quite well and having many successes up to when the Obama plan came out. Consistantly since then there have been increasingly more problems with Fannie, et al loans. Seems like the solutions are still pretty good for other investors. I think Bruce Marks has lost control of the Government backed loans. They are not cooperating with solutions. Is it possible that Fannie is in such huge trouble that even the Obama plan cannot generate enough $$$ to save Fannie? Anyway it sure is a mess and even though going thru NACA shines a light on your mortage, if you have a government backed loan, NACA may not be able to help you. I wonder if the current Acorn scandle has anything to do with NACA loosing ground on negotiations? After all, BofA has announced they will no longer fund Acorn loans.

lisamomof4 · 10-04-2009, 09:11 PM

oh Moe

i just wanted to cry when i read this, could feel my stomach drop. found this site first and had some hope and from here learned of NACA and thought there could be a chance for us. i come here just about every day to keep myself going and not loose hope and most importantly to remember things take time.to think NACA has lost it's moral compas and given in to the big money is so sad. i believe what you have to say, you've led us this far and i will continue to follow you. i pray things will work out with our loansafe group and BofA

SillyWorld · 10-04-2009, 09:26 PM

Now all there is left to do is CRY...CRY and CRY....Nobody wants to Help some of us

Guess we are suppose to just give up like they want ...

Somebodyyyyyyyyyyyyyy Helpppppppppppp US ALL

This Whole world is getting full of LIES

CW California · 10-04-2009, 09:46 PM

Quote:

Originally Posted by SillyWorld

Now all there is left to do is CRY...CRY and CRY....Nobody wants to Help some of us

Guess we are suppose to just give up like they want ...

Somebodyyyyyyyyyyyyyy Helpppppppppppp US ALL

This Whole world is getting full of LIES

Silly
Don't give up. That is exactly what they want. By the way, has there been any recent news on modifying FHA loans?

SillyWorld · 10-04-2009, 09:48 PM

Quote:

Originally Posted by CW California

Silly
Don't give up. That is exactly what they want. By the way, has there been any recent news on modifying FHA loans?

Nope, nothing, nada...... We are all alone, because the FHA is insurance backed you have to remember that

townie271 · 10-05-2009, 08:14 AM

I have been with naca for 28 months trying for a loan mod, and doing everything we can do from our end with the banks and politicians and still waiting. I am happy for the people at these fairs getting mortgages on the day of but hello Bruce what about the rest of us that have been with Naca forever I just dont understand and Naca cannot give any answers. Bruce loves to go to the bankers homes to make a statement maybe it's time the members of Naca getting no help need to go to Bruce's house to ask for help? Also i think someone from Naca should accept Moe's invitation and be on the forum to help us with questions. I would love to say to Bruce Marks what happened did you forget the rest of us???????????

Toyshaks · 10-05-2009, 09:07 AM

Our loan was submitted by Naca since February and we're still waiting for a solution. I've called Kevin and the works at Naca but is told lies after lies. I am now in constant contact with BofA's loss mitigation dept. for updates. I fax updated paystubs every two weeks to both Naca and BofA. It's very frustrating. I've also emailed Barbara from BofA and was sent a letter stating she or any of her representatives can't speak to me directly because of my relationship with Naca. I am so fed up.

NacaNation · 10-05-2009, 09:23 AM

Hey townie271!
I had the exact same thought! Bruce Marks needs some of his own medicine...everybody who is stuck in the NACA vortex should show up at HIS house one weekend. We could all dress up like zombies because our cases should be dead but they are still ALIVE...perfect for Halloween

I DO believe NACA is basically GOOD and has given the homeowners some kind of leverage against the banks.

sandyg · 10-05-2009, 09:40 AM

Quote:

Originally Posted by sandyg

Does anyone know if Fannie is at this event to mod loans this weekend? I don't want to waist my time if I will be on the downhill rollercoaster!!!

Here is a quick note, more later tonight!

Went to STD in Phoenix Saturday night had to cdome back Sunday and stayed all day. Got home Sun. night and I had an offer on my naca website. for the 1st mtg. for 3% life of the loan.

<TABLE class=clsPopupInfo cellSpacing=0 cellPadding=5 rules=none width="100%"><THEAD style="COLOR: white; BACKGROUND-COLOR: green"><TR><TH colSpan=8><TABLE width="100%"><TBODY><TR><TH style="COLOR: white" align=left>Servicer Proposal Information</TH><TH align=right></TH></TR></TBODY></TABLE></TH></TR></THEAD><TBODY><TR><TD>Type:</TD><TD>NACA Restructure <TD>Term:</TD><TD colSpan=5>Remaining Term</TD></TR><TR><TD>PITI:</TD><TD>1876</TD><TD>PI:</TD><TD>1542</TD><TD>Taxes:</TD><TD>132</TD><TD>Insurance:</TD><TD>177</TD></TR><TR><TD>HOA:</TD><TD>25</TD><TD>PMI:</TD><TD>0</TD><TD>Term:</TD><TD>317</TD><TD>Rate:</TD><TD>3</TD></TR><TR><TD>Principal:</TD><TD>337338</TD><TD>Value:</TD><TD></TD><TD></TD><TD></TD><TD></TD><TD></TD></TR><TR><TD>Delinquent Interest:</TD><TD>25243</TD><TD>Late Fees:</TD><TD>0</TD><TD>Late Penalties:</TD><TD>2500</TD><TD>Unpaid Escrows:</TD><TD>3924</TD></TR><TR><TD colSpan=8>Servicer Comment:
Modified loan with Total UPB of $337338.07 Rate: 3.00% Term: 317 months Monthly PI: $1542.21 Monthly PITI: $1877.24, These numbers are approximate and are subject to change. eedwards@bankofamerica.com, . </TD></TR></TBODY></TABLE>

Going back right now to sit in front of a BOA negotiator to see what happend to my 2nd mtg. proposal and offer.

Go to the STD's if you can to get your mod everybody is in the same room at one time and no BS phone calls and delays!!!!!!!!!!!

Moe Bedard · 10-05-2009, 09:43 AM

As mentioned above, I feel NACA was started with great intentions and motives. They grew too big, too fast and Bruce Mark's ego will be the down fall of NACA.
They can't keep marketing that they can help everyone when in fact that is bold faced lie and false advertising. This falls under the Federal Trade Commission truth in advertising and deceptive business practices act.

I gave them 8 months and at least 50 calls and emails to come help you all in the forum before I started to speak out against NACA. I emailed and called Bruce Marks, Darren Duarte and that Neil clown who doesn't have the decency to come here and help you all.

Nope, nothing, too busy holding rock concerts and talking to media to further the NACA cause while they forget you all. Just moving forward at 100 MPH while you all get F'd is just plain wrong and homeowner DISCRIMINATION in its worse form.

What, you have to show up at these shin digs and be a NACA slave for a day to maybe get help when they market everyone can get help? Hell, I have flown to DC and Connecticut and have seen this same BS and these people would call me on my cell phone begging me for help because NACA dropped the ball.

WTF?!!!!!!!!!

Skipper · 10-05-2009, 09:54 AM

Quote:

Originally Posted by sandyg

Here is a quick note, more later tonight!

Went to STD in Phoenix Saturday night had to cdome back Sunday and stayed all day. Got home Sun. night and I had an offer on my naca website. for the 1st mtg. for 3% life of the loan.

<table class="clsPopupInfo" cellpadding="5" cellspacing="0" rules="none" width="100%"><thead style="color: white; background-color: green;"><tr><th colspan="8"><table width="100%"><tbody><tr><th style="color: white;" align="left">Servicer Proposal Information</th><th align="right">
</th></tr></tbody></table></th></tr></thead><tbody><tr><td>Type:</td><td>NACA Restructure </td><td>Term:</td><td colspan="5">Remaining Term</td></tr><tr><td>PITI:</td><td>1876</td><td>PI:</td><td>1542</td><td>Taxes:</td><td>132</td><td>Insurance:</td><td>177</td></tr><tr><td>HOA:</td><td>25</td><td>PMI:</td><td>0</td><td>Term:</td><td>317</td><td>Rate:</td><td>3</td></tr><tr><td>Principal:</td><td>337338</td><td>Value:</td><td>
</td><td>
</td><td>
</td><td>
</td><td>
</td></tr><tr><td>Delinquent Interest:</td><td>25243</td><td>Late Fees:</td><td>0</td><td>Late Penalties:</td><td>2500</td><td>Unpaid Escrows:</td><td>3924</td></tr><tr><td colspan="8">Servicer Comment:
Modified loan with Total UPB of $337338.07 Rate: 3.00% Term: 317 months Monthly PI: $1542.21 Monthly PITI: $1877.24, These numbers are approximate and are subject to change. eedwards@bankofamerica.com, . </td></tr></tbody></table>

Going back right now to sit in front of a BOA negotiator to see what happend to my 2nd mtg. proposal and offer.

Go to the STD's if you can to get your mod everybody is in the same room at one time and no BS phone calls and delays!!!!!!!!!!!

Congrats!

Let us know what happens to your second! (please!)

Skipper

sandyg · 10-05-2009, 02:17 PM

Quote:

Originally Posted by Moe Bedard

As mentioned above, I feel NACA was started with great intentions and motives. They grew too big, too fast and Bruce Mark's ego will be the down fall of NACA.
They can't keep marketing that they can help everyone when in fact that is bold faced lie and false advertising. This falls under the Federal Trade Commission truth in advertising and deceptive business practices act.

I gave them 8 months and at least 50 calls and emails to come help you all in the forum before I started to speak out against NACA. I emailed and called Bruce Marks, Darren Duarte and that Neil clown who doesn't have the decency to come here and help you all.

Nope, nothing, too busy holding rock concerts and talking to media to further the NACA cause while they forget you all. Just moving forward at 100 MPH while you all get F'd is just plain wrong and homeowner DISCRIMINATION in its worse form.

What, you have to show up at these shin digs and be a NACA slave for a day to maybe get help when they market everyone can get help? Hell, I have flown to DC and Connecticut and have seen this same BS and these people would call me on my cell phone begging me for help because NACA dropped the ball.

WTF?!!!!!!!!!

Ok, so sic to hear what you had to say Moe!!!!!!!!!!!!!!!!! I have been with naca since Feb 09. And was drug out , delayed submission, forgotten about, dropped calls, ooops.... nobody told you that, auction/sale date on top of me but last minute postponed, put on a 3 month FB, more dropped calls, computer down, no new financials or budget submitted, delays again and again , etc. So here we are 8 months later.
NACA was here in Phoenix..my husband said go on down there WTF. I was not optomistic when going. Maybe they can at least update the financials without hanging up or having computer gliches. So I went.
I went on Sat. Sun. and now Mon. stayed 19 hours total and was told to leave the first 2 nights to come back the next day. I saw alot while I was there and soon I will give a list of what I saw and heard. B. Marks was running all around with his megaphone and seemed to cause alot of friction with BOA specifically.

Anyway, I did get 3% for the remaining 26.5 years on my 1st mtg. and payment has dropped more than $800 a month. Was told today on the 2nd HELOC that it has a private investor. The are antisipating a 1% interest on it for 5 yrs. BOA is expecting to have a new product out for the HELOC that will do away with it and will tag the $amount to the back of your loan without interest until you sell or pay the loan off.

I saw alot of excited people and very discouraged people while I was there at the STD event. More later guys, gotta pick up the kids from school. Good luck to everyone thank you for your support on this site. The ride has been unbelievable! But, the communication has been priceless. Blessing to everyone.

Toyshaks · 10-05-2009, 02:19 PM

Quote:

Originally Posted by Moe Bedard

As mentioned above, I feel NACA was started with great intentions and motives. They grew too big, too fast and Bruce Mark's ego will be the down fall of NACA.
They can't keep marketing that they can help everyone when in fact that is bold faced lie and false advertising. This falls under the Federal Trade Commission truth in advertising and deceptive business practices act.

I gave them 8 months and at least 50 calls and emails to come help you all in the forum before I started to speak out against NACA. I emailed and called Bruce Marks, Darren Duarte and that Neil clown who doesn't have the decency to come here and help you all.

Nope, nothing, too busy holding rock concerts and talking to media to further the NACA cause while they forget you all. Just moving forward at 100 MPH while you all get F'd is just plain wrong and homeowner DISCRIMINATION in its worse form.

What, you have to show up at these shin digs and be a NACA slave for a day to maybe get help when they market everyone can get help? Hell, I have flown to DC and Connecticut and have seen this same BS and these people would call me on my cell phone begging me for help because NACA dropped the ball.

WTF?!!!!!!!!!

I am one of those people who Naca dropped the ball on. Half the time when I call Bank of America, I am told to call Naca for answers. I have waited on the phone for hours to be told bs by Naca representatives. My husband and I are livid with the mistakes they have made on our file. It took them two months to realize the loan number they submitted to the lender was incorrect. NACA needs to scale back on these events and help the people who has been waiting for months. We are also thinking about driving to Vegas this weekend for some answers. What do you think, should we go?

Moe Bedard · 10-05-2009, 03:06 PM

Congratulations Sandyg!!! Thanks for sharing that and I am so happy for you and your family. It looks like that in the only way to get real help. GO TO THE EVENTS!!

All I want is some answers from NACA and truth in marketing for the rest of you all. There are several members here that are stuck because NACA is not communicating to them and their lender refuses to because they are working with NACA. Huh??

Let's just keep communicating here and helping ourselves. That is the only way or if you are able to go to an event, then that may be the way.

SillyWorld · 10-05-2009, 07:31 PM

NACA has me in a trap and strapped no cash to do anything except my budget leaves me enough to an fro work till pay then broke again, I sent my negotator at NACA an email on why so long and not fair to wait an eternity, but go figure no reply..

Brice D · 10-05-2009, 10:09 PM

Quote:

Originally Posted by Moe Bedard

Congratulations Sandyg!!! Thanks for sharing that and I am so happy for you and your family. It looks like that in the only way to get real help. GO TO THE EVENTS!!

All I want is some answers from NACA and truth in marketing for the rest of you all. There are several members here that are stuck because NACA is not communicating to them and their lender refuses to because they are working with NACA. Huh??

Let's just keep communicating here and helping ourselves. That is the only way or if you are able to go to an event, then that may be the way.

I've been reading this forum since Saturday night. I'm REALLY glad I didn't find it on Friday night.

We have a Countrywide (now BAC) loan. We have been in modification status since October last year. Actually, one year anniversary would have been this Wednesday. Anyway, my wife heard about this NACA thing and dragged me down there. I didn't have time to research it.

Long story short, we arrived at the convention center at 6:45am. We walked out at ~8:15pm. We went from being $8,000 in the hole, with an 8.7% ARM and a $1372 PITI. BAC rolled the 8k to the back of the loan and restructured to a permanent 3% fixed and a $943 PITI. HOORAY! (I'll post the whole story in the success stories forum)

I'm a pessimist by nature. If I had seen these posts semi-bashing NACA, I probably would have tried to talk the wife out of going. If you were there on Saturday evening, I did get up on the podium and 'testify' about what we got at right about 8:10.

Brice