NACA or the Neighborhood Assistance Corporation of America aims to help homeowners in seeking a more economical financing solution.
Their goal is to help homeowners restructure their mortgages in a manner that makes them more affordable. Note that restructuring involves either a reduction of principal or interest rate or in some cases, both. As opposed to a refinance, a restructuring option does not require a new loan.
Why would a homeowner seek NACA mortgage help?
Basically, NACA has relationships with several of the major lenders and investors. The agreements with these lending institutions can help borrowers permanently reduce their mortgage payments. Getting involved is quite simple, as one must first attend a workshop. What’s fascinating about the program is that all of their mortgage assistance is free of charge. One can easily sign up to participate in a workshop through the company’s official website, located at www.naca.com.
NACA aims to help homeowners avoid foreclosure. The foreclosure process is undesired by both parties in a lending agreement, as filing costs to the lender are astronomical. In addition, a foreclosure results in a decrease in a borrower’s credit rating.
Many are weary to get involved with NACA since it hard to measure how helpful it has been to borrowers. However, a little research will demonstrate that NACA has received nothing but positive feedback from its members. In 2009, NACA hosted a Save the Dreams event in Charlotte, North Carolina. Approximately 30,000 borrowers showed up to the event seeking mortgage help. The Better Business Bureau has even recognized NACA as a noteworthy organization by giving it a B+ rating. More information regarding the NACA Save the Dream event can be found at NACA continues promising mortgages despite complaints | WCNC.com | Charlotte Business News | WCNC.com | News for Charlotte, North Carolina.
NACA continues to host conventions, Save the Dream Events to help financially troublesome borrowers make their mortgage payments. In as recently as January, NACA hosted another Save the Dream event in Los Angeles. Several of the participants were able to reduce their mortgage interest rates to as low as 2%.
NACA CEO Bruce Marks states that the key to mortgage restructuring involves proper disclosure of information so that lending institutions are fully aware of each borrower’s financial position. What’s fascinating about NACA is that those who have benefited from the program have stated that their mortgages were reduced in just matter of days. To date, NACA is one of America’s most renowned non-profit organizations.
As stated earlier, the official website of NACA can be located at www.naca.com.
Here visitors will find information on NACA in recent news in addition to the overall mission of the organization. Those seeking more information can contact NACA directly through the address service@naca.com.
NACA’s historic Save the Dream Tour has been an incredible success with hundreds of thousands of participants. Thousands of homeowners received same day solutions saving hundreds some over $1,000 a month. All of NACA’s services are FREE. Below are the cities we're planning to host events in 2011. To sign-up and to advocate for an event in your area click on the location below. The more support the sooner and more likely the event.
Miami, FL
Feb 25-28
Miami Beach Convention Center
Atlanta, GA
Mar 3-7
America's Mart
Memphis, TN
Mar 17-20
TBD
Orlando, FL
Mar 31-Apr 4
TBD
Complaints:
Brittnay Nixon bnixon@naca.com
Kevin Winn 617-250-6222 ext 254
Campaigns:
Currently, the company is campaigning against Chase Bank to help borrowers refinance their mortgages. With the track record of success demonstrated by NACA in the past, it is highly likely the organization continues to help thousands of borrowers seek desired financial solutions.
Media Articles:
NACA's Save the Dream Event in Miami Florida
LoanSafe - Alex Ferreras - 1 day ago
Anyone who can no longer make their mortgage payments should most definitely attend. This will be a typical NACA event with a typical process. ...
Arizonans Brave Cold for Free Mortgage Help
MyFox Phoenix - Feb 3, 2011
NACA, the nation's largest mortgage modification organization, is in Phoenix for the next several days. On Thursday, more than 700 people met with NACA ...
NC AG Takes Action Against Nonprofit After Channel 9 Investigation
WSOC Charlotte - Feb 4, 2011
Eyewitness News reporter Jim Bradley was the first to investigate the way NACA, which helps people modify their mortgage loans, handled its clients' ...
An L.A. Homeowner's Last Resort
Neon Tommy - Emily Frost - Jan 29, 2011
NACA representatives would usher selected victors up to a large podium in the ... about three months behind on their mortgage and starting the foreclosure ...
NACA brings free mortgage help to DC
shington Post - Jul 23, 2010
More than 160 distressed homeowners were lined up outside the convention center Friday for the NACA "Save the Dream Tour." (Bill O'leary/the Washington ...
Struggling Homeowners Line Up for Help... - WJLA
Post Now - Scores line up for loan help... - Washington Post
Scores line up for loan help in DC - Washington Post
all 5 news articles »
Atlanta, NACA work together to save homes | ajc.com
Atlanta Journal Constitution - Jun 7, 2010
In 2008, she attended a series of meetings and seminars sponsored by NACA and got her mortgage cut in half to $928 a month with a 4.2 percent interest rate. ...
Atlanta, NACA to Help City Homeowners - MyFox Atlanta
Atlanta Event Could Help Families Save... - WSB Atlanta
all 3 news articles »
Mortgage modification event set for Miami Beach - Business...
MiamiHerald.com - Apr 14, 2010
NACA.com. The nonprofit group, which offers free counseling and face-to-face ... modifications that result in at least three on-time mortgage payments. NACA ...
Mortgage modifications help back in... - Sun-Sentinel
Crowds likely at `Save the Dream' -... - MiamiHerald.com
all 3 news articles »
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