IMPORTANT MEMBER INFORMATION FOR THE NEW YEAR

 

Here are a couple of reminders for all of our members now that the new year has begun:

DUES

Annual membership dues of $25 are presently due and payable for all Purchase Program Members who have not received a Clear to Close on their loan. Dues may be paid on line through your NACA web file. NACA membership dues are paid annually and are due from all members on January 1 of each year and cover the calendar year through December 31, regardless of the month in which you started the program.

Please be aware that your NACA file will not be able to progress forward until the annual dues have been paid.

 

TAXES

Tax forms for 2016 must be submitted to your NACA file as soon as they are available.

  • ALL W2 and 1099 forms must be submitted to your file no later than January 31.
  • All tax returns must be submitted, in their entirety, no later than Tuesday, April 18. Please note that all forms must bear the physical signature of the person filing the return, even if the return was filed electronically with the IRS.
  • Members filing a form 4868 (Application for Automatic Extension of Time to File U.S. Individual Income Tax Return) will not be able to move forward in the NACA process until such time as their tax return has been filed and any taxes due have been paid.

Should you have any questions regarding these important items, please contact your Mortgage Counselor or Housing Consultant, or NACA Member Services at 425-602-6222.

 

 

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NACA OFFICES CLOSED 12-30 THRU 01-02

PLEASE NOTE:

 

All NACA offices will be closed Friday, December 30th, 2016 through Monday, January 2nd, 2017 to celebrate the New year’s holiday. All offices will re-open at their usual time on Tuesday, January 3rd.

 

We hope everyone has a safe and happy New Year!

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NACA OPENS NEWEST OFFICE IN UPLAND

*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – October 8, 2016

CONTACT:
Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com
Bruce Marks, Founder & CEO, cell: 617-835-4477.

NACA OPENS NEWEST OFFICE IN UPLAND

NACA Founder, Elected Officials and Many NACA Homeowners to Attend Event

NACA Provides Best Mortgage in America – Today’s Interest Rate: 30 yr: 2.875% apr 15 yr: 2.25% apr

(UPLAND, CA – October 8, 2016) – On Tuesday October 11th at 12:00 p.m. in Upland, NACA will celebrate the establishment of a permanent presence in the Inland Empire at the Grand Opening of its new Upland office. Southern California homebuyers can access NACA’s incredible mortgage: no down payment; no closing costs, and no need for perfect credit at the lowest fixed interest rates available. NACA has $13 Billion of this mortgage product with everyone receiving the same terms and qualification not based on a borrowers credit score.

NACA’s Founder and CEO Bruce Marks will preside over the ribbon cutting ceremony at 12:00 noon Tuesday at the new NACA office at 205 North, 2nd Avenue, Upland, CA. Elected officials including members of Congress and Inland Empire communities are expected to attend in support of NACA’s efforts, as well as local community leaders and clergy. While the NACA program sounds too good to be true, NACA homeowners who purchased through the Los Angeles office will be there to provide personal testimonies.

With Upland being the 42nd office nationwide, NACA brings its groundbreaking Best in America Mortgage, comprehensive counseling and aggressive community advocacy. NACA Founder and CEO Bruce Marks states that “NACA is a game changer, for those devastated by lenders predatory practices and now cut-off by banks refusal to lend to working people. As good as the NACA mortgage sounds it is even better including aggressive interest rate buydown to zero percent, rehabilitation funds and more.”

NACA is also widely known and respected nationwide and in California for its Home Save Program and events where over 250,000 struggling homeowners received affordable solutions – many in California.

Media Clips:
CBS2/KCAL9: NACA Returns To Inland Empire To Help Struggling Homeowners
ABC7: NACA Mortgage Assistance Event Underway in Ontario

NACA’s advocacy for homeowners was also highlighted recently when the owner of a Southern California mortgage modification scam exposed and sued by NACA was sentenced to prison. The now defunct First One Lending Corporation was a mortgage modification scam operation that falsely claimed to be affiliated with NACA. John Vescera, president of First One, was sentenced to prison three years after NACA sued, won, recovered and refunded their victims’ money.

Department of Justice: Owner of California Company that Falsely Advertised Mortgage Assistance Sentenced to Prison

KTLA: Scammed Homeowners Get Money Back
Univision 34: Victimas Recibiran Miles De Dolares

New York Times: The Homebuyer’s Champion

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 SITES

NACA SOCIAL MEDIA

NACA-logo-flat

 

NACA Forum:  http://forums.naca.com

The NACA Forum is a major resource to many NACA members.  While your counselor is always your main point of contact with NACA, the Forum provides a means of getting answers to general questions about NACA and its programs, as well as a place to meet and share information with other NACA members.  The Forum is moderated by the NACA Online Operations department and is a community of NACA members helping and guiding each other through both the NACA Purchase and Home Save Programs.

 

YouTube: https://www.youtube.com/channel/UCMKfQMN0jHQQsK-h94hpb-Q

Our YouTube channel features testimonies from our members across the country talking about their successful journeys to home ownership through the NACA Purchase Program plus video clips of NACA’s advocacy efforts and events throughout our nearly thirty-year history.

 

Facebook: http://www.facebook.com/nacaofficialpage

The official NACA Facebook page provides news and information about activities within NACA and useful information for homeowners and home buyers in general. News stories, workshops, special events and NACA success stories can all be found here. Plus the NACA Facebook page can also be used as an alternative method of communicating with NACA if needed.

 

Twitter: http://twitter.com/NACAEvents

NACA frequently “tweets” news and information to its members and followers using the 140 character medium, which is a quick way to stay on top of NACA news and events.

 

Google Plus: http://plus.google.com/+nacacom

The growing Google Plus community also has access to much of the same news and information provided through Facebook and Twitter, but is readily accessible as an alternative to the other social media, especially for those who are partial to the Google Chrome format.

 

LinkedIn: https://www.linkedin.com/company/neighborhood-assistance-corporation-of-america

NACA’s LinkedIn page shares news and other relevant information with NACA members and is frequently used to share unique or special job postings at NACA in addition to the jobs page on the NACA website.

 

Pinterest: https://www.pinterest.com/nacaevents/

Our Pinterest site includes three boards, one each for NACA Events, which tracks NACA events around the country, and NACA Event Locations, which shares the specific location of those events.

 

https://www.instagram.com/naca_online/?hl=en

Instagram is the latest addition to NACA’s social media channels, providing another means of staying in touch with NACA’s efforts, especially for Millennials and others who enjoy the visual image-oriented medium.

 

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NACA CEO CALLS ITT TECH CLOSURE A MAJOR VICTORY

NACA-logo-flat*****MEDIA ADVISORY*****
FOR IMMEDIATE RELEASE
Press Release – September 7, 2016

CONTACT:

Tim Trumble, Media Coordinator, Cell: 617-947-2632; ttrumble@naca.com

Bruce Marks, NACA CEO, Cell: 617-835-4477; bmarks@naca.com

 

NACA CEO CALLS ITT TECH CLOSURE A MAJOR VICTORY IN BATTLE AGAINST PREDATORY STUDENT LENDING

(Boston, MA – September 7, 2016)  Tuesday’s announcement by the nationwide for-profit school ITT Tech that it is immediately closing all of its 130-plus campuses represents a major victory in the fight against predatory student lending, according to Bruce Marks, Founder and CEO of NACA, one of the nation’s largest community advocacy organizations.

In July last year, NACA’s groundbreaking Student Debt Action program took on ITT Tech and its largest shareholder, Putnam Investments, to protest the school’s predatory student lending, outrageously low graduation rates (less than one third) and false promises of job placement.  Last week, the U.S. Department of Education announced that federal student loans and grants would no longer be used for enrollment at ITT Tech’s 137 campuses and that the school would need to produce more than $150 million in collateral. Instead, ITT Tech opted to shut down its entire system.

“This is a huge victory in the fight against predatory student lending, dealing with the student debt crisis and starting to turn around what has become a predatory economy in general. One major contributor to the student loan crisis is gone, and this will send a clear signal to other private, for-profit schools that they cannot continue to make empty promises to their students while creating a financial hardship for those students at the same time.”

On July 22, 2215, Mr. Marks personally led a group of protesters from NACA’s Student Debt Action project in a march on the headquarters of Putman Investments, the single largest stockholder in ITT Tech. The group’s objective was to persuade Putnam to divest itself of its interests in ITT Tech and to force the school to stop its predatory private lending practices. He said that Putnam “has the responsibility to make sure that then not just divest but to see to it that ITT changes its predatory practices and that they really provide true academic excellence to their students”.

After having taken $5 Billion in federal money since 2010, ITT Tech’s announcement eliminates a significant player in creating the country’s student debt crisis, now totaling more than $1.3 trillion.

The announcement that debt relief will be available for ITT students who are unable or choose not to transfer credits to another school came as good news to Marks. “ITT’s recruiting methods misled its students about the quality of the education they would receive and about the opportunities that would be waiting for them when they graduated. Less than one third actually graduated, and placement rates were incredibly low. These students deserve to have their federal student loan debt cancelled, and we hope that the Obama Administration will cancel the private student loans for ITT Tech students.”
About NACA (www.naca.com):

NACA is the largest HUD certified non-profit home ownership and community advocacy organization. NACA is the 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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Tampa Office Appointments for 9/2 Cancelled.

UPDATE: All appointments for NACA’s #Tampa office today are cancelled. Weather conditions from Hurricane Hermine are still too treacherous to ask our members to come to the office, so we are cancelling today’s appointments for our members’ safety. All appointments will be rescheduled as soon as possible. #NACAPurchase

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Charleston and Jacksonville Offices Closed Today, Tampa Opening Late

MEMBERS PLEASE NOTE: NACA’s offices in #Jacksonville FL and #Charleston SC will be closed today as a result of weather conditions from Hurricane Hermine. Our #Tampa office will open late today as well, hopefully around 11am.  All missed appointments will be rescheduled. We apologize for any inconvenience. #NACAPurchase

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Jacksonville and Tampa Offices Closed Today 9/1

Members Please Note: NACA’s Jacksonville and Tampa FL offices are closed for the day due to weather conditions from Tropical Storm Hermine. Any appointments scheduled for today will be rescheduled and all calls will be routed to NACA Member Services. We apologize for the inconvenience.

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NACA SOCIAL MEDIA CHANNELS

NACA has multiple social media channels through which our members and others can follow NACA activities, see success stories and read news stories relevant to home ownership and related issues such as the student debt crisis.

We enoucrage you to not only follow us on these channels, but actively respond by sharing, re-tweeting, re-pinning and so on so others can learn about NACA and its mission.

 

Our social media channels are:

YouTube: https://www.youtube.com/channel/UCMKfQMN0jHQQsK-h94hpb-Q

Facebook: http://www.facebook.com/nacaofficialpage

Twitter: http://twitter.com/NACAEvents

Google Plus: http://plus.google.com/+nacacom

LinkedIn: https://www.linkedin.com/company/neighborhood-assistance-corporation-of-america

Pinterest: https://www.pinterest.com/nacaevents/

Instagram: https://www.instagram.com/naca_online/

 

If you have any questions regarding NACA’s social media efforts, please contact Media Coordinator Tim Trumble at ttrumble@naca.com.

 

Posted in NACA Purchase Program, NACA Technology, Save the Dream, Uncategorized | 2 Comments

LETTER OF THANKS

We received the following message from a NACA member who recently closed on her home.  (By the way, she works for one of the nation’s largest banks.)

 

From: L_______.Michael@__________.com
Sent: Thursday, June 23, 2016 4:21 PM
To: Frances Epps <fepps@naca.com>
Subject: Testimony

 

Hello Frances,

 

Below is my testimony

 

 

It was in the month of July while renewing my lease, an exercise I’d repeated numerous times over the past decade, that I decided it was a time to make change in my life. Like many, the economic turmoil in 2008 caused significant impact to me financially and instilled a sense of mistrust in the practices and policies of financial institutions.  My goal was to identify an institution, the right financial institution, who is truly dedicated to their client, providing services as well educating them in all areas of the financial spectrum.

 

I consider myself a disciplined person who manages finances well while open to learning better money management and expenditure practices.  After spending numerous hours looking at different options, I came across NACA.  Truthfully, I was initially skeptical.  Like many I reviewed “google reviews” versus reviewing the NACA’s mission and vision statements.  My friends, family, coworkers were unable to give me the level of understanding about this experience I sought, therefore I signed up for a seminar. It required a two month wait to attend. To support my goal of being diligent in gaining understanding options and programs offered I set a timeline of one year to complete the process

 

Following the seminar, I was scheduled to meet with Ms. Wilkins in October. During that time, I read the booklet, collected the necessary documents for review and went for my two hour meeting. My counselor, Ms. Wilkins, was very gracious and helpful, entering all the necessary documentation in the system.  I was very excited when she advised that I was very close to “A Go” for a review. I had to gather a few documents which took an additional two months for me to gather. She was patient and always smiling whenever we met in person or by phone. She has become my number one person on my speed dial.  I made myself available to her at any time because of her willingness to help; she always cleared her schedule whenever I needed her time.

 

Ms. Wilkins became my friend, my advocate and also the person who questioned me about my activity whenever I used one of my credit cards. Admittedly sometimes it made me very uncomfortable. I am forty years old have lived all over the world and had never been in a position that required me to explain my spending activity. It was an adjustment, however this process and Ms. Wilkins’ partnership helped me to understand financial responsibility and awareness.  Now I am more aware of when I pull a credit card from my wallet and use for an emotional purpose; there is a pause and I ask myself similar questions to those Ms. Wilkins would ask.  I’ve developed from her collaboration guidance, help and stronger financial awareness.  I thank her for guiding me there though an uneasy adjustment for me personally.

 

December 2015 became my life changing and defining month.  Ms. Wilkins phoned me and I answered up immediately. I could hear in her voice the ‘smile’.  She is about to tell me what I have dreamt about since July of 2015. I was approved for a loan!  Suddenly the obstacles, personal privacy challenges and worry I had to overcome disappeared in the three minutes of our conversation. Her excitement matched my own because together we’d accomplished this life goal together. I cannot begin to explain the emotion encompassed in those three minutes.

 

As part of my next steps, I attended another workshop and met my future real estate agent, Ms. Thompson.  The next person who would usher me through a defining moment in my life, though I had no idea at the time.  We set up an informal meeting and unknown to her, I was scouting for a person who would make this process magic and I did not need to scout further.  Ms. Thompson is among the most thoughtful, resourceful, talented and knowledgeable persons I have ever known. I gave her the parameters of ‘my’ dream house and being all she is, showed me that my efforts in financial efficiency offered me even more that I thought I deserved. She worked endless hours, often while traveling, always informative about upcoming news. There were late night email exchanges, all so I maintained a pulse on the marker and awareness of any possible deals.  Having been a resident of Charlotte only 3 years, the initial house she found… admittedly I had some skepticism.  My knowledge of locations were limited to where I lived and worked.  She showed me a house and my initial reaction showed on my face I’m sure.  I wasn’t overly excited but she knew it was a house I had to see.   There were other viewing that day.  I came home…so many decisions to make so I did what I knew to do – Google Searches –  reviewing the vicinity… picturing myself in the house… reading everything I could find on the internet. I was confused. Sleep was an impossibility.  At 7:30 am I received a text from Ms. Thompson, phoned her back and said, let’s make an offer.

 

From that point on, everything is history. She did all of the leg work, while I opened my checkbook and wrote checks to every possible inspection NACA request. She has worked countless hours on behalf of me to make this transition smooth as possible. In March of 2016, I was asked to come to the office to close on my house – literally dream house. NACA and the staff are among the very best in this business area. They are working incredibly hard for people who have had challenges in the past and who have the commitment and drive to overcome them.

 

I feel their hard work should be rewarded for the following reasons:

  • They teach clients how to change poor finance management
  • They encourage clients to dream big
  • They give back to communities
  • Most importantly, they guide their clients to a financially stable environment allowing them to truly live and enjoy life.

 

I confess, I was skeptical but meeting my underwriter and real estate agent was the best thing in my life. Both ladies cared about me, helped me to overcome obstacles and taught me to be a better giver to others. I am fully committed to being an advocate of NACA resources, attending and volunteering at workshops for future buyers and telling to my friends and others about this incredible nonprofit organization focused on community in every way.  I try to provide my experience, informing them, it is not an easy process, you will have obstacles to overcome and questions that may appear invasive.  I also share that from those challenges that I am a much better steward of my personal finances, appreciative and grateful for NACA’s  amazing team, who are always available to assist.

 

From bottom of my heart, thank you Ms. Wilkins and Ms. Thompson for working countless hour to help me purchase my home. I look forward living where I can share my happiness, serenity and love with my friends and family.

 

Best Regards

Ms. Michael

 

 

 

 

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