Comments on: Does NACA lie to homeowners and the media? YES! http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/ - Free Mortgage, Auto and Student loan Calculators by LoanWorkout.org Wed, 23 May 2012 16:08:16 +0000 hourly 1 http://wordpress.org/?v=3.1.3 By: Jim Demetz http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-88577 Jim Demetz Fri, 16 Mar 2012 06:03:57 +0000 http://loanworkout.org/?p=6350#comment-88577 I used to do mortgages from 2000-2007. At the time I thought I was doing something great. It wasn't until the crash that I realized that I had put all of these homeowners into toxic loans. My father in-law had been one of them. We tried to use NACA to save their home however they did nothing. It ended up being a blessing because I found about about securitization audits for foreclosure defense. These audits give you leverage against the banks to negotiate a settlement. For more information on how and when to get an audit, feel free to email me. jimdemetz@gmail.com I used to do mortgages from 2000-2007. At the time I thought I was doing something great. It wasn’t until the crash that I realized that I had put all of these homeowners into toxic loans. My father in-law had been one of them. We tried to use NACA to save their home however they did nothing. It ended up being a blessing because I found about about securitization audits for foreclosure defense. These audits give you leverage against the banks to negotiate a settlement. For more information on how and when to get an audit, feel free to email me. jimdemetz@gmail.com

]]> By: Raymond http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-82316 Raymond Tue, 21 Feb 2012 03:40:08 +0000 http://loanworkout.org/?p=6350#comment-82316 NACA is the vehicle the banks use so they can explore your financial weekess and then take advantage of most of us, in my case I went to NACA for help in Sept. 2009 and the whole process just turned into a living nightmare Wells Fargo Bank is my loan servecer,instead of helping me with the loan modification I was asked to get all my back payments current and after I did just what they wanted the bank put my house up for sale I did not owed any late money the bank put my house up for action anyway, I had to get a lawyer to stop them from riping me off.It is my opinion that NACA is doing more harm then good and are just helping with the scamming operations being perpetrated by the banks please stay away from NACA because in the end if thy get you in problems like thy did me you will not get any help from NACA. NACA is the vehicle the banks use so they can explore your financial weekess and then take advantage of most of us, in my case I went to NACA for help in Sept. 2009 and the whole process just turned into a living nightmare Wells Fargo Bank is my loan servecer,instead of helping me with the loan modification I was asked to get all my back payments current and after I did just what they wanted the bank put my house up for sale I did not owed any late money the bank put my house up for action anyway, I had to get a lawyer to stop them from riping me off.It is my opinion that NACA is doing more harm then good and are just helping with the scamming operations being perpetrated by the banks please stay away from NACA because in the end if thy get you in problems like thy did me you will not get any help from NACA.

]]> By: Naca cracka http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-77890 Naca cracka Wed, 01 Feb 2012 00:03:52 +0000 http://loanworkout.org/?p=6350#comment-77890 Bs Bs

]]> By: More of the same. http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-55720 More of the same. Fri, 21 Oct 2011 21:12:09 +0000 http://loanworkout.org/?p=6350#comment-55720 I posted this forum to our local news channel..The one who had the audacity to say that NACA was different and could help. I am not going to bash NACA however. I am sure they are trying to the best of their ability, considering so many people are in crisis. However, they do need to stop advertising that they can help, when in truth they cannot. I tried modification on a loan myself. I have a college education so I thought I could handle it, and I did, but GMAC is the worst lender in history. Needless to say, no help there. I was about to give up when on the news this hype of NACA appeared. I thought, "hey, maybe they can help me, they sure made it sound as if they could." Same story, drove two different days, waited hours both days. I did however, have two counselors that were extremely nice, actually they were beautiful to me, but they could only do so much. After all of it,I was still told it was inevitably still up to my lender. It was the exact same process I walked myself though a few month before..Nothing else. EXACT SAME THING! Same paper work, no assistance from NACA after, just me and the Lender, again.. I am not behind on my payments yet, but NACA did show after my financial analysis that it was imminent.If it is still up to the lender, why are they claiming they can make a difference? I have two jobs and my mortgage was affordable when I was working full time at both, of course one is only one weekend out of the month. My other job, was cut severely due to new state legislation, so my pay was almost cut in half. To Phiona...I have saved most of my life, I am very good with money. I do not own a credit cards, have no car payments and only have regular utility bills..Nothing extra! Never have, but when your pay is cut in half, even the simplest living can be difficult. Because my job is seasonal, I have to depend on savings through the winter, which I have been doing for two years now. I am considered self employed, so I can't receive unemployment. I live on what I make, and save. Well, its even worse now because I don't have the money I usually make through the summer either, therefore not saving as much.If you keep taking out without replenishing, the well will eventually dry out. Two years of savings have dwindled. How many people can say they have two months to live on much less two years? .. You talk as if everyone that is in trouble was irresponsible or just plain stupid. I am neither, yet still need help.And please don't assume because I don't want to move out of state that I am not trying. What a ludicrous suggestion, of course it is not nearly as bad as the suggestion of an abortion to keep cost down. Maybe God didn't hear that one. Oh well, It is to be expected from the socialistic youth these days so you are forgiven. All I can hope and pray for is that you never find yourself in a situation like the rest of us. Of course you are so smart, I am sure you will NEVER need any help. Truthfully, No one really cares to hear how brilliant you are and feel even more dejected. And,I truly believe, someone needs to see who is representing NACA? Do they know your own here, "defending" them? Do you honestly believe that everyone who is having mortgage trouble was a risk and didn't know how to manage money? Not likely! The mortgage companies received billions in Government bailouts, to help homeowners struggling. Where is that help? Of course homeowners have responsibility, but so do the tyrant companies that were making millions yearly before the housing crisis.And the complaints on NACA, are just because people believe them when they say they can do something..That is all, hope lost, yet again..Maybe your IQ is up there, but your EQ is severely lacking. Hey, American Bob..When you find one, please let me know:) Thanks as well for the link to the Underwater and Not walking away. Something to think on there for sure. I posted this forum to our local news channel..The one who had the audacity to say that NACA was different and could help. I am not going to bash NACA however. I am sure they are trying to the best of their ability, considering so many people are in crisis. However, they do need to stop advertising that they can help, when in truth they cannot. I tried modification on a loan myself. I have a college education so I thought I could handle it, and I did, but GMAC is the worst lender in history. Needless to say, no help there. I was about to give up when on the news this hype of NACA appeared. I thought, “hey, maybe they can help me, they sure made it sound as if they could.” Same story, drove two different days, waited hours both days. I did however, have two counselors that were extremely nice, actually they were beautiful to me, but they could only do so much. After all of it,I was still told it was inevitably still up to my lender. It was the exact same process I walked myself though a few month before..Nothing else. EXACT SAME THING! Same paper work, no assistance from NACA after, just me and the Lender, again.. I am not behind on my payments yet, but NACA did show after my financial analysis that it was imminent.If it is still up to the lender, why are they claiming they can make a difference?

I have two jobs and my mortgage was affordable when I was working full time at both, of course one is only one weekend out of the month. My other job, was cut severely due to new state legislation, so my pay was almost cut in half. To Phiona…I have saved most of my life, I am very good with money. I do not own a credit cards, have no car payments and only have regular utility bills..Nothing extra! Never have, but when your pay is cut in half, even the simplest living can be difficult. Because my job is seasonal, I have to depend on savings through the winter, which I have been doing for two years now. I am considered self employed, so I can’t receive unemployment. I live on what I make, and save. Well, its even worse now because I don’t have the money I usually make through the summer either, therefore not saving as much.If you keep taking out without replenishing, the well will eventually dry out. Two years of savings have dwindled. How many people can say they have two months to live on much less two years? .. You talk as if everyone that is in trouble was irresponsible or just plain stupid. I am neither, yet still need help.And please don’t assume because I don’t want to move out of state that I am not trying. What a ludicrous suggestion, of course it is not nearly as bad as the suggestion of an abortion to keep cost down. Maybe God didn’t hear that one. Oh well, It is to be expected from the socialistic youth these days so you are forgiven. All I can hope and pray for is that you never find yourself in a situation like the rest of us. Of course you are so smart, I am sure you will NEVER need any help. Truthfully, No one really cares to hear how brilliant you are and feel even more dejected. And,I truly believe, someone needs to see who is representing NACA? Do they know your own here, “defending” them?

Do you honestly believe that everyone who is having mortgage trouble was a risk and didn’t know how to manage money? Not likely! The mortgage companies received billions in Government bailouts, to help homeowners struggling. Where is that help? Of course homeowners have responsibility, but so do the tyrant companies that were making millions yearly before the housing crisis.And the complaints on NACA, are just because people believe them when they say they can do something..That is all, hope lost, yet again..Maybe your IQ is up there, but your EQ is severely lacking.

Hey, American Bob..When you find one, please let me know:)

Thanks as well for the link to the Underwater and Not walking away. Something to think on there for sure.

]]> By: pattie http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-31509 pattie Fri, 03 Jun 2011 18:04:20 +0000 http://loanworkout.org/?p=6350#comment-31509 NACA is back in LA June 2-6. We went to try and get help numerous times last time they were in LA. But received no assistance at all. Seems that they only help people that are behind on their loans. Not those who have tried to keep current on their loans from barowing from family, draining savings, selling everything they have, doing without food and medical necessities..... Just to keep current on their mortgage. We definitely can not keep up with our bills and mortgage due to pay and hour cuts and high medical costs. Yet we were told by Naca, the only way they could help us is if we stop paying our mortgage. On top of everything else, we do not want to take a chance in loosing our home. But that is what NACA is asking to MAYBE help us get a lower interest rate and lower the payment. Can this deceptive practice be looked into? Shouldn't they also be helping the people who are "trying to do the right thing" and pay the people they owe? Is it right for them to ask you to stop paying creditors just to get help from them? Thank you so much for your time, Patricia R Its not about buying more than you can afford. Its about pay cuts, hour cuts, and just plain layoffs. Who can plan for that? If you plan to be jobless……then your mortgage should be zero dollars a month. Is that possible? Our mortgage was only 20% of our income until my husband experienced pay and hour cuts and I got a cut in disability payments. I cant work and my husband took on a second job. We are trying…..but still not making ends meet. Definitely NO money for much needed medical care. Is this OUR fault? NACA is back in LA June 2-6. We went to try and get help numerous times last time they were in LA. But received no assistance at all. Seems that they only help people that are behind on their loans. Not those who have tried to keep current on their loans from barowing from family, draining savings, selling everything they have, doing without food and medical necessities….. Just to keep current on their mortgage.

We definitely can not keep up with our bills and mortgage due to pay and hour cuts and high medical costs. Yet we were told by Naca, the only way they could help us is if we stop paying our mortgage. On top of everything else, we do not want to take a chance in loosing our home. But that is what NACA is asking to MAYBE help us get a lower interest rate and lower the payment.

Can this deceptive practice be looked into? Shouldn’t they also be helping the people who are “trying to do the right thing” and pay the people they owe? Is it right for them to ask you to stop paying creditors just to get help from them?

Thank you so much for your time,
Patricia R
Its not about buying more than you can afford. Its about pay cuts, hour cuts, and just plain layoffs. Who can plan for that? If you plan to be jobless……then your mortgage should be zero dollars a month. Is that possible? Our mortgage was only 20% of our income until my husband experienced pay and hour cuts and I got a cut in disability payments. I cant work and my husband took on a second job. We are trying…..but still not making ends meet. Definitely NO money for much needed medical care. Is this OUR fault?

]]> By: Nora Claypool http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-31099 Nora Claypool Thu, 12 May 2011 17:24:41 +0000 http://loanworkout.org/?p=6350#comment-31099 We've had no results with NACA, other than wasting a lot of time and gas driving to events where we were supposedly going to be able to sit down with our lender, face to face and work out a loan mod. After spending $70 on gas, we waited 12 hours at a Nashville event, only to find when we finally got to speak with a NACA counselor, THAT CHASE DIDN'T ATTEND! Would of been nice if they'd told us that before we bothered to drive four hours, and miss a day of work. I've come to the conclusion that NACA is far better at self-promotion than they are at actually helping people, and shame on you NACA for giving us false hope. You did nothing for us, after almost two years the bank foreclosed. I don't care if you are very busy--don't claim you help people when you really don't. Your services are free because they are worthless, you scoundrels. You get paid handsomely by the U.S. government for every loan you save, you collect membership fees and bond your participants to slavery...very bad stuff. If you ask me, you're just about as bad as the big banks who've stolen everyone's homes through fraudulent foreclosures. I am suing my bank, JP Whoregan Chase, and everyone else should too. If we all just grew a big set of brass ones and stopped making our payments, the lawsuits and lack of income will eventually bring the big banks to their collective knees. I don't feel like being a cow anymore, I'm gonna be out for punitive damages, Jamie Dimon. NACA is worse than a waste of time, it is a glimmer of hope to anxiety ridden borrowers which is then dashed on the rocks when we find their false promises of low interest rates and good term loan mods are complete baloney, and that we can't even get them on the phone, or get a scheduled call because their promises are worthless PR. Educate yourself, America: SUE! We’ve had no results with NACA, other than wasting a lot of time and gas driving to events where we were supposedly going to be able to sit down with our lender, face to face and work out a loan mod. After spending $70 on gas, we waited 12 hours at a Nashville event, only to find when we finally got to speak with a NACA counselor, THAT CHASE DIDN’T ATTEND! Would of been nice if they’d told us that before we bothered to drive four hours, and miss a day of work. I’ve come to the conclusion that NACA is far better at self-promotion than they are at actually helping people, and shame on you NACA for giving us false hope. You did nothing for us, after almost two years the bank foreclosed. I don’t care if you are very busy–don’t claim you help people when you really don’t. Your services are free because they are worthless, you scoundrels. You get paid handsomely by the U.S. government for every loan you save, you collect membership fees and bond your participants to slavery…very bad stuff. If you ask me, you’re just about as bad as the big banks who’ve stolen everyone’s homes through fraudulent foreclosures. I am suing my bank, JP Whoregan Chase, and everyone else should too. If we all just grew a big set of brass ones and stopped making our payments, the lawsuits and lack of income will eventually bring the big banks to their collective knees. I don’t feel like being a cow anymore, I’m gonna be out for punitive damages, Jamie Dimon. NACA is worse than a waste of time, it is a glimmer of hope to anxiety ridden borrowers which is then dashed on the rocks when we find their false promises of low interest rates and good term loan mods are complete baloney, and that we can’t even get them on the phone, or get a scheduled call because their promises are worthless PR. Educate yourself, America: SUE!

]]> By: Natti http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-30955 Natti Tue, 03 May 2011 19:00:58 +0000 http://loanworkout.org/?p=6350#comment-30955 Send me an email if you live in NYC and need help with NACA. I purchased a home with NACA and although I know the process can be a pain, the reward at the end is really good. For anyone in New York area, send me an email and I'll help you. I became a real estate agent recently because I wanted to help others through the NACA process.I'm really sorry so many people are getting stuck in the NACA system. mzsherwood@hotmail. Send me an email if you live in NYC and need help with NACA. I purchased a home with NACA and although I know the process can be a pain, the reward at the end is really good. For anyone in New York area, send me an email and I’ll help you. I became a real estate agent recently because I wanted to help others through the NACA process.I’m really sorry so many people are getting stuck in the NACA system. mzsherwood@hotmail.

]]> By: Diana http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-30388 Diana Wed, 30 Mar 2011 13:39:38 +0000 http://loanworkout.org/?p=6350#comment-30388 I have been with NACA since 7/2010 yes there as been ups & downs even frustrations, in the purchase program, however, the counselor I am working with is doing her best to assist me. Even with the rocky start that we had. Being in this purchase program with NACA is teaching one thing PATIENCE IS A VIRTUE. If given a chance and having patience good things will happen. Now I understand everyones frustration but it seems as if you all that have nothing good to say about NACA s because you 1. dont have patience. 2. was not organized 3. did not complete the requirements they requested which again I totally understand your frustration. The workers at NACA needs to be retrained in their customer service skills. But all in all they help on so many levels 1. Teach us patience 2. helps us get our credit straightened out. 3. keeps us on our knees praying that we dont reach over the phone or counter and touch them/ or cuss them out. But what do you expect from free service? I believe that NACA can do only but so much and yet their best is still not good enough for those that do nothing but complain about how bad NACA is because you did not have your stuff together. All I know is it sounds to me as if no one on this forum wants to be accountable for their own actions. I have been with NACA since 7/2010 yes there as been ups & downs even frustrations, in the purchase program, however, the counselor I am working with is doing her best to assist me. Even with the rocky start that we had. Being in this purchase program with NACA is teaching one thing PATIENCE IS A VIRTUE. If given a chance and having patience good things will happen. Now I understand everyones frustration but it seems as if you all that have nothing good to say about NACA s because you 1. dont have patience. 2. was not organized 3. did not complete the requirements they requested which again I totally understand your frustration. The workers at NACA needs to be retrained in their customer service skills. But all in all they help on so many levels 1. Teach us patience 2. helps us get our credit straightened out. 3. keeps us on our knees praying that we dont reach over the phone or counter and touch them/ or cuss them out. But what do you expect from free service? I believe that NACA can do only but so much and yet their best is still not good enough for those that do nothing but complain about how bad NACA is because you did not have your stuff together. All I know is it sounds to me as if no one on this forum wants to be accountable for their own actions.

]]> By: Janice http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-29800 Janice Wed, 02 Mar 2011 15:56:34 +0000 http://loanworkout.org/?p=6350#comment-29800 I am one of those who searched for, copied and sent in my paperwork for a loan modification and a forensic review of my loan w/ CHASE. I couldn't even leave a voicemail for my recruiter. I'm sure they have some other title, but I get the feeling that they're paid by the suckers they get to waste their time (and hopes) buy coming to their offices and just to end up paying the say inflated mortage as always. Oh, Jasmine in the OH office said in her pitch that CHASE is really working to make deals with us...right! I am one of those who searched for, copied and sent in my paperwork for a loan modification and a forensic review of my loan w/ CHASE. I couldn’t even leave a voicemail for my recruiter. I’m sure they have some other title, but I get the feeling that they’re paid by the suckers they get to waste their time (and hopes) buy coming to their offices and just to end up paying the say inflated mortage as always. Oh, Jasmine in the OH office said in her pitch that CHASE is really working to make deals with us…right!

]]> By: johnny coronado http://loanworkout.org/2009/10/does-naca-lie-to-homeowners-and-the-media-yes/#comment-29776 johnny coronado Tue, 01 Mar 2011 02:40:54 +0000 http://loanworkout.org/?p=6350#comment-29776 Well,I save my home because naca help me.I was trying from 2009,take me 2 years working on the modification,but in january finaly y did,after 3 days in LA was worth being patient. . Well,I save my home because naca help me.I was trying from 2009,take me 2 years working on the modification,but in january finaly y did,after 3 days in LA was worth being patient.
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