Comments on: Thousands of Homeowners Plan to Storm Capitol Hill to Save the American Dream

By: Jeff

Jeff — Sat, 10 Oct 2009 04:36:39 +0000

NACA! hmm been almost a year and I have yet to see any results from NACA since then I have Hired a law firm to modify my loan which did not work out very well either! they were shut down by the CA state Attorney. since that time I have been working with my Mortgage Company (Aurora) and found out a few interesting facts along the way!. all this “TARP” and “HAMP” money that has been issued to banks is great as long as your mortgage is “BANK” owned. if you are like most people with a bad sub prime or option “ARM” good luck getting anything other than a forbearance agreement. some investors are going with the program but each mortgage is different. I just found out after a year of dealing with NACA and the lawyer and Aurora on my own, that investor owned properties do not have to be modified under these OBAMA bail out funds. Something either no one has thought to address or no one looked into it? I have a friend who had a bank owned home mortgage higher than mine with a option ARM his loan mod has been done now for 3 months they reduced his Interest extended the terms of his loan and took some of the loan amount off what he owed so he could keep there home. In my situation I have a investor owned option Arm. and the best I can get is maybe a fixed rate if all goes well 6 months of reduced payments to get back on my feet but after that right back to where I started from.
so NACA can not do anything for a lot of people neither can these loan modification companies! so just save the money and call your lender your self and ask who owns my loan investors or banks!.

NEXT THIS GOES OUT TO THE POSTER “SICKOFIT” WHO POSTED BACK IN AUGUST I BELIEVE. How dare you come on here and criticize and laugh at people who have fallen on hard times! yes I am sure there are a lot of people who were hoping to make money with the housing market just like a lot of people were successful> I am sure the amount of people that were out there to make a buck have moved on! the people now that are trying to save there homes like my self who when I refinanced my home was very able to afford it! I did not ask to have my wages cut 18 months latter! nor did I ask to be diagnosed with Cancer a year after that but it happened! nor like most people did I ever imagine I would be baited and switched and lied to about the loan I was getting! but it happened so instead of laughing at peoples suffering why not come off your high horse and thank god that you were a fortunate one who had everything go your way in life. and maybe never had a life threatening illness,or had to make a choice between loosing your job or taking a pay cut just so you can feed your family! You have had a good life and you should be thankful and not adding insult to peoples already injured ego’s and suffering. Or maybe you are one of those high society snobs that was born rich and thank of everyone else as lower class kind of like the people on the titanic you had the elegant state rooms while the lower class people had to wait and not be seen in your presence and when it came time for women and children first you were the type paying your way on to a life boat because after all you are better than everyone else! either way hopefully you will stop and thank before you post on a site where people are trying to get help and answers for there troubles!

To every one else good luck and God Bless!

By: Leahh

Leahh — Fri, 09 Oct 2009 23:27:32 +0000

I agree with you about NACA. I have dealt with them for over a year and last month I have had to file bankruptcy and even though I was approved for a loan modification the bank never sent the new forms and then the FDIC took them over. I keep sending e-mails to NACA but no response.

By: David Stone

David Stone — Fri, 09 Oct 2009 19:06:51 +0000

To be blunt, NACA SUCKS. They are a bunch of lying, false promise making FLAKES. I started with them in May, went into their office, gave them all the docs they wanted, and they said they would get right on things. They sent in the documents alright, but then when Citibank tried to contact them to get additional information, they could never reach anyone. You see, Gloria at NACA made it quite clear she doesn’t answer her phone, and that she works by email only. Apparently, she didn’t answer her emails either, and neither did her main office. Citibank got no repsonse, and CLOSED THE CASE. Meanwhile, being told to deal with only NACA, I was forced to deal with their main office as the local one was COMPLETELY impossible to reach by any means. Each time I reached someone at the main office, I was told everything was fine, that Citibank was “reviewing” the case (an outright LIE). Months later, in sheer frustration I called Citibank, only to find out that it was all a lie. That NACA sent one email, and that was it. And never responsed too the requests they made, so the case was closed.

I then called the modification people at Citibank, and set up trial payments on my own, with a preliminary modification plan, all in about a half an hour. That was almost two months ago, and it is nearly finalized.

NACA is a useless bunch of liars. They have no special power, and let’s face it, nobody cares more about getting your mod done that YOU do, and you can do it yourself just as well, and probably better than they ever could. A bank is either going to offer a modification or not, NACA is a complete non-factor, and worthless. Pick up you phone, and start the process on your own.

The saddest part of all, is that now, my modification may well not be finalized before I AM FORCED to file bankruptcy, at which point all will be lost. At which point my wife and I and our three kids will lose all, and be forced to live in a ghetto apartment that doesn’t require good credit.

All I can do now, is warn others, when you hear the name NACA, RUN as far and as fast as you can. God bless, and good luck to you.

By: sickofit

sickofit — Sun, 02 Aug 2009 19:13:31 +0000

Lol at all of you “fighting” for the homes you bought and couldnt afford. Please, go rent an apartment and quit begging OK?

By: Carrie

Carrie — Sat, 23 May 2009 06:45:09 +0000

After four months of workshops, counseling, telephone interviews and faxed copies of paperwork out the kazoo, NACA decided in their wisdom that my husband earns too much money and they cannot represent us to the bank administering our home loans..at ll.7 and 10.75.
If we had the extra money they claim we have we would hardly have nearly been foreclosed by our mortgage company.
How about those of us with predatory loans who are not “poor” but not rich either and
need help? Guess not frustrated and disappointed in NACA

By: fitchk

fitchk — Thu, 24 Jul 2008 22:48:23 +0000

To Moe and all who fight for the cause…thank you for giving people (such as myself) and everyone out there who is struggling with the mortgage disaster HOPE… I wish I could join the outreach storming Captiol Hill, please know that I am there in spirit. I plan to keep fighting for our home (mine and my daughter’s) and fight for the cause of all homeowner’s, for justice and to keep their home where it belongs.

By: oty117

oty117 — Thu, 24 Jul 2008 22:36:21 +0000

Sounds like HeGotU2 is a former employee who just couldn’t cut it. That event was historic, no one is doing more right now than Moe and NACA out there.

By: Moe Bedard

Moe Bedard — Thu, 24 Jul 2008 14:49:16 +0000

OK, this HeGot2U2 is just a bitter hate mongrel hell bent on discrediting what Bruce Marks has done and what I am doing every day.

I apreciate the kind comments and the truth from those who know the “truth” and are here to help, not condemn what we are doing.

By: never too late

never too late — Wed, 23 Jul 2008 23:23:17 +0000

HeGotU2 sounds very bitter and unrealistic. Personally I feel that any and all help is appreciated. I went to the Home Save event. I stood in line for hours just for my opportunity. I talked to people as they exited that had their mortgages reduced from $6,000 to $3,000 another went from $2300 to $1100. You can’t tell me that is not a great thing. As for the “supposed” hiring practices of Marks there were many volunteers at this event that had taken off of work for a week and travelled across the country to be there. I don’t know if you agree but that does not sound like a predatory environment. Furthermore I went online as you said to see what positions there are available. The MOrtgage Consultant position is listed for $45000 to $65000 based off of experience It sounds to me that HeGotU2 needs to get their facts straight.

Oh and if it helps my loan was reduced to a 3% interest rate.

By: HeGotU2

HeGotU2 — Wed, 23 Jul 2008 20:46:59 +0000

Ask the NACA counselors how many of them will qualify for NACA mortgage? Sure you the home owners are getting bailed out but some of the hard working counselors at NACA are going to through foreclosure, have late mortgage payments on their homes or can not afford a NACA mortgage all together. The pay at NACA sucks and Bruce Marks will not do anything about it. He is a predatory owner of a non profit mortgage company. Quite frankly, he is the real predatory overworking his staff and paying them low wages $8.00 per hour. Ideally, they are volunteers! Just think for a second, Bruce Marks feels like the mortgage brokers and lenders are cause of this debacle. Why do you think he pays low wages and have his worker work long hours? However, this company is receiving millions in funds and donations but hard working counselors are receiving nomial wages. This guy is a mastermind and no one sees it but in a terrible way! Visit their website at http://www.naca.com and check it out for yourself. kellylhanson, I got a grip maybe you need to get one and realize if a temporary worker barely knows his job functions, how can he be successful in giving a person confident and accurate advise? Your right lenders do know exactly what they are doing put putting you the home owner in another bad loan. In a couple of months, the will happen FORECLOSURE! If you really could not afford your house then, what make you can afford your house now? After all, you signed your name on the dotted line at the closing.