May 19, 2012 at 2:58 pm #617
I am in the process of trying to purchase a home using NACA’s program. I have been a member for about a year and half now. Finding a home that suites my needs have been difficult. I am a single father of 4 children. (2 of which are considered special needs) I also have a little brother who needs help getting on his feet. With those considerations, I need a home with a good amount of bedrooms and space for my family. I have finally found a home that meets my needs perfectly. The problem I am running into is that the selling agent and the seller (at his advisement, I’m sure) do not want to work with NACA, even though I am offering them full price and asking for no concessions. See the following e-mail that the listing agent sent to my agent.
“I spoke with the seller about this and she just simply isn’t interested in working with your buyer if he is working with NACA. NACA is not a conventional program and everyone I have spoken to and everything I have read about this tells me this is not something an agent should put their seller’s through.
If you can somehow get your buyer to work with a conventional lender I’m sure we can figure out a way to work together.
Let me know if you can get him in with a conventional loan.”
I have sent e-mails to my counselor, the branch manager here in Denver, and Don Meadows, the regional manager, as well as a couple of other individuals within NACA. I know that Don is a busy man and I am going to call him on Monday if I don’t hear from him.
That all being said, I don’t want to switch lenders, as there is no other program out there that offers what NACA is offering. Plus, I have a lot of time and effort invested in NACA. What I am looking for is someone from NACA to contact the listing agent to give him and his seller peace of mind on working with NACA and myself on this purchase. Any assistance or suggestions would be much appreciated. Thanks!May 19, 2012 at 4:05 pm #621TTrumbleMember
I am sorry that the seller’s agent is being so difficult. While neither I nor NACA are qualified to give legal advice, their action in refusing to work with you because you are a NACA member is quite possibly illegal. Their refusal is potentially a Federal crime, violating the Fair Housing Act (Title VIII of the Civil Rights Act of 1968). Since NACA is a HUD certified counseling agency and works primarily with low-to-moderate income families, their refusal to work with a NACA member is potentially discriminatory.
I strongly suggest you contact your local Board of Realtors to file a complaint against the seller’s agent, and your state’s Attorney General’s Office to report the seller and the agent if you meet further resistance. You may also want to call the Housing and Civil Enforcement section of the US Department of Justice at 1-800-896-7743 to report this as well.
Your source of funding should not be of concern to the seller as long as it is legitimate. Please contact me at the e-mail address below to keep me advised of your progress.
Thank you! I wish you the best!
Online Operations, NACA
email@example.comMay 19, 2012 at 4:14 pm #622
Thanks, Tim!! I forwarded your response to my Realtor. I worked as a Mortgage Consultant for years and the response the seller gave us just didn’t make sense to me, since I was offering full price and was not asking for concessions. I don’t want to kill any chance of this deal going through, but at the same time, this really doesn’t seem right. If we do report the agent and/or the seller, do you know what usually happens at that point? If I decided to do that instead of trying to sell NACA’s solution to the seller, would that kill my chances of purchasing this property? I am not out to get anyone in trouble, I am just trying to provide the best home for my family. Thanks, again and I will keep you updated on my progress.May 19, 2012 at 4:22 pm #624TTrumbleMember
I agree with you completely that something doesn’t make sense here. Please send me your name and NACA ID number at the e-mail address below so I can review your file and advise you properly as well as contact you privately.
Online Operations, NACA
firstname.lastname@example.orgMay 19, 2012 at 4:36 pm #625
I have sent you an e-mail, Tim. Thanks, again!
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