THE MORTGAGE CRISIS STILL EXISTS

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NACA is conducting its final two American Dream Tour events for 2015 in California later this month.  We will be in Ontario at the Ontario Convention Center August 21-25 and Sacramento at the Sacramento Convention Center August 28 – September 1.

In spite of suggestions to the contrary, a mortgage crisis still exists in America. More than seven years after the housing bubble burst, there are nearly one million homes across the country still in some stage of the foreclosure process and seven million homes are still at risk.  NACA’s American Dream Events are the nation’s largest and most effective homeownership events.  NACA has conducted more than 150 such events across the country, resulting in more than a quarter-million homeowners receiving affordable mortgage modifications and saving their homes from foreclosure.

The government and lenders believe the crisis is over and are no longer providing needed assistance even though there is still a huge demand.  NACA continues to provide affordable modifications nationwide because the need is still there.  “We do not take no for an answer and encourage the homeowners to join NACA in advocating for affordable solutions”, states NACA Founder and CEO Bruce Marks.

NACA’s American Dream Tour event gives homeowners the unique opportunity to meet face to face with their lender along with a NACA advocate to obtain an affordable solution the same day, thanks to the legally binding agreements NACA has with all the major lenders, plus investors Fannie Mae and Freddie Mac. Many homeowners have their interest rate reduced to as low as 2% and possibly receive a principal reduction, saving hundreds and sometimes more than a thousand dollars a month on their mortgage payment.

These will be NACA’s only events in  California during 2015, so it is crucial that everyone in the area take advantage of this opportunity… ALL NACA SERVICES ARE FREE OF CHARGE

Homeowners with Bank of America loans can still potentially benefit from last year’s $17 Billion mortgage settlement with the Justice Department. Homeowners with loans from any major lender can also benefit from the terms of the National Mortgage Settlement as well as other settlements. Since all of NACA’s services are free, homeowners have everything to gain and nothing to lose. 

NACA’s Purchase Program will also be highlighted at the event, including the game-changing 15-year Freedom Loan introduced last September. This historic mortgage program allows homeowners to build personal wealth rapidly through a shorter term loan that starts with a lower interest rate than a standard 30-year mortgage, plus features an aggressive interest rate buy down feature that allows the interest rate to be lowered to virtually zero.

Just as with NACA’s 30-year mortgage, home buyers who qualify at the event for NACA’s Best in America Mortgage do so with no down payment, no closing costs, no points or fees. Everyone receives a below market interest rate without consideration of their credit score, but based on their individual circumstances. Homeowners and homebuyers can again realize the dream of affordable homeownership. For documents needed and to register, go to www.naca.com or call 425-602-6222.  Register now!

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MIAMI AMERICAN DREAM EVENT SUCCESS STORY

Here is an email from a homeowner helped at our ‪#‎AmericanDream‬ Tour event in Miami Beach. It speaks for itself:

MIAMI 2015 2
From: s******* <s*******@aol.com>
Date: Sat, Jul 25, 2015 at 8:53 AM

Subject: RE: Preserving the American Dream
To: a****@a***********.com

Dear Mr. Williams,

I attended the NACA Home Save event On Friday, July 24th. Wells Fargo is my Mortgage Lender. I provided the documents required from NACA (listed in your email), and met with a Wells Fargo Representative after NACA reviewed and recommended me for a modification to Wells Fargo.

Wells Fargo modified my mortgage and forgave me $45,000.00 off the principal.

My mortgage payment was lowered by $170.00 a month and my interest rate is fixed @4.25%. With this blessing I can now stay in my home!

NO ONE with any type of mortgage issue should miss this Home Save event. It is real and I know firsthand that the system is working to give help to homeowners that are in need of help. If you do not have all of your documents go with what you have so that you can be entered in the system and when a rep from NACA reviews your documents you will be told what additional documents are needed to get you the modification. YOUR HOME CAN BE SAVED!

The hours are 9am – 6pm. The NACA convention is here until this Tuesday, July 28th.

Abundant Blessings!

R*** B****

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Required Documents for NACA Home Save Program

 

Section 1- Required Documents for All Borrowers, Co-Borrowers and Household Contributors

Personal Identification (picture ID or current driver’s license)
Most recent two (2) years Tax Returns- Signed and dated.  This includes personal and business tax returns if self-employed.
Most recent three (3) Months Bank Statements for all Accounts- All pages even if blank
Current Utility Bill showing proof of occupancy
Mortgage Statement- Most recent available
Homeowner Association (HOA/Condo/Coop) Fee Statement or if n/a, write a letter stating that you do not have a HOA
Insurance Declaration Page showing yearly premium & coverage on the home, flood insurance statement (if applicable) and proof of any other required insurance for the home.  (Most Condo/Coop insurance is covered by the HOA/Maintenance Fee.)
Property Tax Statement(s) for city/county, if applicable, showing amount due each year (included in Maintenance Fee for Co-ops)

Section 2 – Required Documentation Based on Income Type

Paystubs Last 30 days Paystubs showing YTD earnings
Contribution Non-Borrower Contribution and Authorization Form- to be completed by all Contributors.  Contributors must also provide proof of income, complete form 4506T AND provide the applicable items from Section 1 above.  Borrower must provide two (2) months current bank statements showing contribution income is being deposited.
Rental Current Lease agreement and 2 months current bank statements showing rental income is being deposited.
Self-Employed Most recent  6-month or YTD Profit & Loss Statement; and last 6 months bank statements with business deposits and business expenses identified and categorized, most recent Federal Income Tax Return (form 1040 with all schedules attached, and Business Tax Return:  form 1065, 1120-S or 1120, whichever is applicable.)
Social Security Most recent year’s benefits award letter, last 2 months bank statements (showing money is being direct deposited) or copy of last 2 months cancelled checks if money is not direct deposited
Pension Most recent  year’s benefits award letter, last 2 months bank statements (showing money is being direct deposited) or copy of last 2 months cancelled checks if money is not direct deposited
Child Support Court document or divorce decree showing required payment amount, last 2 months bank statements or cancelled checks proving receipt of income.  Use of child support income is optional.  If included, borrowers must provide the required documentation.
Alimony Court document showing required payment amount, last 2 months bank statements or copy of last 2 months cancelled checks if money is not being deposited
Disability Most recent year’s benefits award letter, last 2 months bank statements or copy of 2 months of cancelled checks if money is not being deposited
Unemployment Current award letter or unemployment statement showing amount of benefits and how long benefits will last
Retirement Award letter with monthly amount and last 2 months bank statements or copy of last 2 months cancelled checks

Section 3 – Other Documents- may be needed depending upon individual circumstance

Notice of Sale Date or Intent to Foreclosure
Bankruptcy – Attorney Permission Letter required when in active Chapter 13, addressed to Mortgage Company (not NACA).  Letter must include:  borrower’s name, property address, loan number, BK case #, and must state that Mortgage Company has permission to work directly with you on modifying the mortgage.  Borrower must provide Discharge Letter if bankruptcy has been discharged.
Death Certificate – May be needed if one of original borrowers is deceased
Executor of Estate – May be needed if original mortgager is deceased
Quit Claim Deed – Needed when one borrower no longer resides in the property and has given up their interest in the property.
Proof of name change if different from name on loan.
Divorce Decree or other documents relation to dissolution of marriage
Authorization to Escrow (required in some states, especially CA)
Lien releases or subordination agreement – needed if liens show on the title report (2nd mortgage, IRS lien, judgments from creditors.

Section 4 – Documents to be completed as part of your Counseling Session

Form 4506T, signed and dated
Form 710 for Fannie Mae and Freddie Mac-owned loans, RMA for all Other Loan types, Hardship Affidavit for FHA loans
Dodd-Frank Certification
Authorization Form with property address, city, state and zip written on each page.  Borrower must also initial each page.
Hardship Explanation and Affidavit
NACA Budget
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NACA American Dream Tour in Miami July 24-28

NACA-logo-flat-3*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release –
July 21, 2015CONTACT:

Ricardo Herrera, Director of Communications, Cell: 704-962-1605; rherrera@naca.com
Tim Trumble, Media Coordinator, Cell:
617-947-2632; ttrumble@naca.com

 

NACA’S MOST SUCCESSFUL HOME OWNERSHIP EVENT IN U.S. HISTORY RETURNS TO MIAMI

 WHAT: NACA’S MIAMI AMERICAN DREAM EVENT
WHEN: Friday, July 24th through Tuesday, July 28th,  8:00 a.m. – 6:00 p.m.
WHERE:
Miami Beach Convention Center, 1901 Convention Center Drive, Miami Beach, FL 33139

(July 21, 2015– Miami, FL ) – NACA (Neighborhood Assistance Corporation of America), the nation’s largest HUD Certified non-profit, will be conducting its only 2015 American Dream Tour Event in South Florida Friday, July 24th through Tuesday, July 28th, 8:00 a.m. to 6:00 p.m. each day at the Miami Beach Convention Center. This event is for both homeowners with an unaffordable mortgage and homebuyers wanting to purchase a home using NACA’s “Best in America” mortgage.

NACA’s American Dream Tour event gives homeowners the unique opportunity to meet face to face with their lender on-site to obtain an affordable same-day solution because of the legally binding agreements NACA has with all the major lenders plus investors Fannie Mae and Freddie Mac. Many homeowners have their interest rate reduced to as low as 2% and possibly receive a principal reduction, saving hundreds and sometimes more than a thousand dollars a month on their mortgage payment.

“Millions of homeowners across the country still have a great need for help, so NACA continues to be relentless in advocating for homeowners” states Bruce Marks, Founder and CEO of NACA. “NACA continues to provide affordable modifications nationwide.  We do not take no for an answer and encourage the homeowners to join NACA in advocating for affordable solutions.”

Homeowners with Bank of America loans can still potentially benefit from last year’s $17 Billion mortgage settlement with the Justice Department. Homeowners with loans from any major lender can also benefit from the terms of the National Mortgage Settlement as well as other settlements. Since all of NACA’s services are free, homeowners have everything to gain and nothing to lose.

ALL NACA SERVICES ARE FREE OF CHARGE.

Home buyers can qualify at the event for NACA’s Best in America Mortgage with no down payment, no closing costs, no points or fees. Everyone receives the same below market interest rate without consideration of their credit score, but based on their individual circumstances. Homeowners and homebuyers can again realize the dream of affordable homeownership.

For documents needed and to register, go to www.naca.com or call 801-606-6222.  Walk-ins are welcome.

NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership, including the recent history making Detroit Neighborhood Initiative:

CNN: One man’s fight against Foreclosures
New York Times:
The Homebuyer’s Champion

Detroit Neighborhood Initiative: Mortgage Announcement for City of Detroit Residents

 

About NACA (www.naca.com):

NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com.

 

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Happy Fourth of July from Everyone at NACA!

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AMERICAN DREAM EVENT RETURNS TO MIAMI

NACA-logo-flat-3*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release –
June 25, 2015

CONTACT:

Ricardo Herrera, Director of Communications, Cell: 704-962-1605; rherrera@naca.com
Tim Trumble, Media Coordinator, Cell:
617-947-2632; ttrumble@naca.com

 

NACA’S MOST SUCCESSFUL HOME OWNERSHIP EVENT IN U.S. HISTORY RETURNS TO MIAMI

 WHAT: NACA’S MIAMI AMERICAN DREAM EVENT
WHEN: Friday, July 24th through Tuesday, July 28th, 8:00 a.m. – 6:00 p.m.
WHERE:
Miami Beach Convention Center, 1901 Convention Center Drive, Miami Beach, FL 33139

(June 25, 2015– Miami, FL ) – NACA (Neighborhood Assistance Corporation of America), the nation’s largest HUD Certified non-profit, will be conducting its only 2015 American Dream Tour Event in South Florida Friday, July 24th through Tuesday, July 28th, 8:00 a.m. to 6:00 p.m. each day at the Miami Beach Convention Center. This event is for both homeowners with an unaffordable mortgage and homebuyers wanting to purchase a home using NACA’s “Best in America” mortgage.

NACA’s American Dream Tour event gives homeowners the unique opportunity to meet face to face with their lender on-site to obtain an affordable same-day solution because of the legally binding agreements NACA has with all the major lenders plus investors Fannie Mae and Freddie Mac. Many homeowners have their interest rate reduced to as low as 2% and possibly receive a principal reduction, saving hundreds and sometimes more than a thousand dollars a month on their mortgage payment. 

“Millions of homeowners across the country still have a great need for help, so NACA continues to be relentless in advocating for homeowners” states Bruce Marks, Founder and CEO of NACA. “NACA continues to provide affordable modifications nationwide.  We do not take no for an answer and encourage the homeowners to join NACA in advocating for affordable solutions.”

Homeowners with Bank of America loans can still potentially benefit from last year’s $17 Billion mortgage settlement with the Justice Department. Homeowners with loans from any major lender can also benefit from the terms of the National Mortgage Settlement as well as other settlements. Since all of NACA’s services are free, homeowners have everything to gain and nothing to lose.

ALL NACA SERVICES ARE FREE OF CHARGE.

Home buyers can qualify at the event for NACA’s Best in America Mortgage with no down payment, no closing costs, no points or fees. Everyone receives the same below market interest rate without consideration of their credit score, but based on their individual circumstances. Homeowners and homebuyers can again realize the dream of affordable homeownership.

For documents needed and to register, go to www.naca.com or call 801-606-6222.  Walk-ins are welcome.

NACA’s Home Save and Purchase programs have been highlighted on the national and local news as the most effective in providing affordable homeownership, including the recent history making Detroit Neighborhood Initiative:

CNN: One man’s fight against Foreclosures
New York Times:
The Homebuyer’s Champion

Detroit Neighborhood Initiative: Mortgage Announcement for City of Detroit Residents

About NACA (www.naca.com):

NACA is the largest and most effective organization in modifying mortgages and provides the best mortgage in the country. NACA CEO Bruce Marks was named Bostonian of the Year for 2007 because of his work in getting the major lenders and servicers to modify home loans for borrowers who come through NACA. See Bostonian of the Year. He has also testified before Congress on numerous occasions including September 12, 2000, being one of the only people to sound the alarm of the pending mortgage crisis. For more information go to www.naca.com.

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NACA SOCIAL MEDIA GUIDELINES – MUST READ BEFORE POSTING

The following are the guidelines for this Forum and all NACA social media, including Facebook, Twitter, Google Plus, Pinterest, NACA Radio and Live Chat:

The following rules have always been posted near the top of the Forums page on the forum website at http://forums.naca.com, just above the links to the five forum categories:

Welcome to the NACA Forums! Please keep in mind that this is a public forum. Any derogatory, inflammatory or questionable content will be removed by administrators. Also, please DO NOT post any personal information, such as passwords, NACA ID numbers, or Social Security numbers; NACA Staff will never require this information on the Forums.

Disregard for the rules of the Forum and abuses of the Forum and other social media in general is not tolerated. Such activity hinders the effectiveness of the NACA social media efforts as tools for asking questions, sharing information and for those who are seeking help with problems in either the Home Save or Purchase programs. To prevent such abuses, the following rules apply for this Forum and all NACA social media:

F(orum) comes before E(mail):

Maybe not in the alphabet, but here in the forum, F comes before E. In other words, please post your question in the Forum rather than circumvent the system and send an Email to an address you happen to find in the forum. The forum exists for several purposes, not the least of which is the sharing of information that may be beneficial to many of our members.

Most of the questions we receive are more generic in nature than most people think. By posting a question in the Forum first, it can be most likely answered here in the Forum unless it involves specific information in your file. By handling the question or problem here whenever possible, other members experiencing a similar problem could get the answer and help they need more quickly and without making a single additional keystroke.

If your post does require specific information, you will be advised on the best means of contact with us so any personal information can be communicated securely and confidentially.

The Forum Does Not Replace NACA Services:

The NACA Forum or other NACA social media are in no way a substitute for NACA Counseling and Advocacy services whether in the Home Save or Purchase Programs, and information found here should not be considered a replacement for communicating with a NACA counselor, Member Services rep or any other NACA representative. While much of the information here is general in nature and applicable to most situations, specific questions regarding your file cannot be addressed in this or any other public forum for privacy reasons. Additionally, every file has unique factors and issues of its own. Therefore, you should always attempt to communicate your questions and concerns with your Mortgage Consultant in the Purchase Program and with a Counselor,  Member Services or other Member Assistance Program (MAP) representative. Our Member Services Department can be reached at 425-602-6222 from 8am to 6 pm Eastern Time Monday through Friday.

Keep it Civil:

Another serious issue is the tone used in some messages. We eagerly invite anyone who is having what they perceive to be any sort of problem with the NACA process or on line system to use the NACA Forum and social media channels as a means of reaching out to us with those concerns so we can help solve them in whatever way we can.  However, please remember to compose your message in the same manner in which you would like to receive the response. As noted above, “derogatory, inflammatory or questionable content” has always been grounds for posts to simply be deleted without response, and will continue to be so. Deletion of any and all messages from any individual or group of people is at the sole discretion of the Forum administrators. This includes sarcasm as well as insulting and accusatory statements. While we are in fact eager to help with any problems that may occur, if you can’t write without being cynical, you may want to hold off a bit until you can be more rational in expressing your concerns.

No Personal Information:

While this one should be common sense, it is surprising how many people will post their name, NACA ID number and even their telephone number in a forum post or even on Facebook. Please remember that what you write here can be read by anyone on the internet. This is not a membership-restricted site, so please do not post any information about yourself here that you would not announce over a microphone to a crowd of twenty thousand people. Again, that personal information starts with and includes your NACA ID number. Never post it or any other personal information in a public forum, here or anywhere else on the web.

Oh, By the Way, Who Am I Talking To?

Under other circumstances, this would actually be funny. We far too commonly receive emails from members who go to substantial effort to make sure they have provided a wonderfully detailed explanation of their problem or question to insure we have all the information necessary to address their concerns… Then forget to include their NACA ID number, leaving us in the dark or doing detective work to find out which file we are dealing with.

It’s really a simple, common sense rule. NEVER post your ID in a public place, but ALWAYS include it, every time, in private communications such as an email or the Live Chat system available through our website.

One Way or Another:

While we realize you intend to be thorough by doing so, posting the same message to the Forum, our Facebook page, and emailing it to a Forum administrator is actually counter-productive. Most likely, all three messages will go to the same person, which means answering the same question for the same person three separate times. This redundancy only slows down our response time to you and everyone else we are trying to help. So please limit yourself to one method when communicating with us.

Once is Enough:

Likewise, posting the same message in multiple threads in the Forum will have the same effect as posting through several different media.

Each still has to be addressed and responded to separately, which only slows down our response time and can confuse members who may then falsely think that they have read the entire thread previously and possibly miss out on some important information that could have a bearing on their own file.

Similarly, multiple messages each day with minor or random questions bog things down too. We want to answer those questions for you, but in such a circumstance, please send them all in one daily message if possible.

By posting in this Forum, you certify that you have read and agree to abide by these rules.  Failure to comply with these rules will result in the deletion of offending posts and the writer potentially being banned from this Forum and other NACA social media.

As you can see, these are really just common sense rules, largely based on common courtesy. Abiding by these guidelines will help the NACA staff help you in whatever means possible and encourage a positive, free flow of information through this Forum, which is its most fundamental purpose.

Thanks!

(Rev. 12/12/14)

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New Home Because of NACA

Ms. Webb stands in front of her beautiful new home she got through the ‪#‎NACAPurchase‬ Program! No down payment, no closing costs and a PERMANENT, FIXED RATE OF 2.875% for the life of the loan! CONGRATULATIONS!!!! www.naca.com

Ayonna close up home

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MEMPHIS NACA MEMBER GETS RATE REDUCTION FROM 10% TO 2%!!!

Ms. Phillips came to NACA after the loss of her husband seeking help for he rmortgage that was both unaffordable and predatory.  When we were done, her $1300 payment was CUT IN HALF and her interest rate was reduced from more than 10% to JUST 2%!

Memphis Phillips

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MEMPHIS NACA MEMBER BUYS HOME AT 0.625% INTEREST RATE!

Ms. Timkia Carnes shares her success story with the crowd at NACA’s‪#‎AmericanDreamTourEvent‬ at the ‪#‎Memphis‬ Cook Convention Center. Bought a beautiful home and got a permanent, fixed interest rate of just 0.625% (yes, five-eighths of one percent)!


Event runs today through Tuesday, 8am to 6pm each day. Don’t wait! Go to www.naca.com for details and registration!

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