I was at this event in Phoenix. The whole operation reeks of ACORN style tactics. The orientation speaker told us "We are non violent bank terrorists". They use the EXACT SAME tactics as ACORN. They don't even operate under the HAMP guidelines for doinf loan modifications... instead they use their protesters to bully banks into signing agreements to work with NACA "counselors" (read ex felons). The funny thing is, the agreements NACA has offer LESS benefits than if the homeowner just went under the proper guidelines. We walked out and so did the people around us.
Expect to see this scheme on the chopping block very soon.
Oh, and I didnt want to join and have to attend 5 protests a year and pay $50.00 a MONTH for the next 5 to 10 years.
The NACA $50 fee is if you purchase a home thru them. Kind of like mortgage insurance. To get you loan modified there are no fees. NACA is paid by the lender.
The NACA $50 fee is if you purchase a home thru them. Kind of like mortgage insurance. To get you loan modified there are no fees. NACA is paid by the lender.
Yeah but NACA isn't using the HAMP guidelines, so whatever "deal" it is that you think you are getting... well your aren't. They used their strong arm tactics to bully the banks into working with them. Sure it worked but the deal the banks gave them is LESS than advantageous than if the homeowner just did a loan modification. NACA even admits they cant do seconds... what joke, if they weren't using ACRON like tactics they'd be able to actually help more people.
I was in preparations of writing an article from the other side of NACA with regards to the No down payment loans they advertise. I was planning on writing my local media outlets detailing how unprofessional they are and basically provide proof of how they create rules to benefit them even though they their non-profit status requires them to follow strict guidelines that cannot be modified.
Then I came across your article….have there been any follow up since this incident?
If you do a search on Yahoo business you'll see many other stories indicating their poor service.
I have actual testomny from clients who was unable to obtain a house after a year and just gave up because someone else approved them.
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