Members Please Note: NACA’s Newark, NJ and Hartford, CT offices will be CLOSED TODAY due to inclement weather conditions. All appointments for today will be rescheduled at the first opportunity. Our apologies for any inconvenience.
Please remember that all active members in the NACA Purchase Program must submit their 2016 W-2 or 1099 forms to their NACA file no later (Jan 31) than today for their file to continue moving forward. This applies whether or not you have filed your 2016 tax return yet.
All 2016 tax returns also must be submitted to your file no later than the filing deadline of April 18th to avoid being delayed. Late filing, even if your have submitted a Form 4868 extension, will cause your file to be delayed until the return is actually filed.
Please contact your counselor for more details or call NACA Member Services at 425-602-6222.
Here are a couple of reminders for all of our members now that the new year has begun:
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.
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.
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.
FOR IMMEDIATE RELEASE
Press Release – October 8, 2016
Tim Trumble, Media Coordinator, Cell: 617-947-2632; email@example.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.
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
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
NACA SOCIAL MEDIA
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.
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.
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.
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.
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.
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.
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.
FOR IMMEDIATE RELEASE
Press Release – September 7, 2016
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.”
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
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
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
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.