Thousands of homeowners across the country have received assistance from the Neighborhood Assistance Corp. of America (NACA). The organization was founded in 1988, and their primary goal is to build and sustain healthy neighborhoods nationwide through affordable homeownership, providing those who are struggling help with their mortgage, and also assistance if they are on the verge of a home foreclosure. The group has over 40 offices around the country.
In addition, they offer a wide variety of assistance to those who are at risk of foreclosure. They offer a program that will allow those homeowners the chance to restructure their mortgages in as little as a day and to keep their homes.
Not only does the Neighborhood Assistance Corp. of America operate from their 40 offices, but they also go around the country visiting dozens of cities in a tour known as Save the Dream. Read more.
NACA provided counseling and assistance to tens of thousands of homeowners, and they have also seen as many as 25,000 homeowners show up at their previous Save the Dream mega event tours in Washington, D.C., South Carolina, and Connecticut. Services offered by NACA are free to homeowners.
The Neighborhood Assistance Corp. of America says that because of previously negotiated agreements and contracts it has with banks, lenders and mortgage servicing companies, it can implement same-day solutions for homeowners that will permanently reduce the interest rates they need to pay from 2 to 5 percent. They also can offer other solutions. For instance, where necessary, they can also help arrange a reduction in the outstanding principal that is due on a mortgage loan. They can also advise a homeowner on who staying in your home, even after a foreclosure occurs, can help save your home by forcing a lender’s hand. More.
Lenders, banks, and mortgage service companies have staff at NACA offices around the country. the on site staff allow the group to provide rapid mortgage and foreclosure assistance, as they can electronically review proposed changes and the staff can approve a restructured mortgage loan in as little as an hour or two. They also can modify a loan.
In addition, NACA will always continue to work with all homeowners, including people who don't get a speedy resolution and that will take more time and effort, and provide mortgage counseling.
If you want to save your home from foreclosure, you need to consider contacting NACA as an option. All families and individuals who own and occupy their primary homes and who have an unaffordable mortgage are welcome to ask for help. They will try their best to aid everyone regardless of whether they have a job or are in foreclosure. Yes, even those who have lost their job. For example, people who are currently unemployed could be eligible for a temporary plan to provide short term relief until they able to return to work. NACA's says their success rate is at 80 percent in helping homeowners.
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