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  • Mary K. Lenahan, J.D., Realtor

NACA in LA: Thursday April 11, 2013 to Monday April 15, 2013 – LA Convention Center


NACA in LA - April 11, 2013 to April 15, 2013

NACA In LA April 2103

 

Los Angeles Convention Center, 1201 South Figueroa St

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NACA Save the Dream Event at Los Angeles Convention Center Feb.16-20, 2012


Pasadena, CA Home in Historic Highlands Neighborhood

Pasadena, CA Home in Historic Highlands Neighborhood

Neighborhood Assistance Corporation of America (NACA) is a non-profit HUD Certified Mortgage Counseling Agency which represents itself to be the largest and most effective advocate for homeowners in the country.   NACA’s Save the Dream Event is a multi-day loan modification event that tours the country.    Most major servicers and  lenders such as Bank of America, CitiMortgage, Wells Fargo, and Chase participate in NACA’s Save the Dream events.

In addition to loan modifications, NACA offers future home buyers mortgages at incredible terms such as no down payment, no closing costs, and low  interest rates, even if your credit is not perfect.

NACA’s Los Angeles California Save the Dream Event  is scheduled as follows:

To learn about the NACA loan modification services and find out what you should bring, see Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring.

For VIP treatment and counselling on your loan modification, be a NACA volunteer.  NACA relies upon hundreds of volunteers each day  to help at the events.

By volunteering, not only do you help  many others get help with their mortgage problems, but you also receive “VIP” status to speak to a NACA  Counselor on your mortgage issue.

For more information on volunteering see attached NACA Los Angeles Save the Dream Flyer  and attend the Volunteer meeting on Wednesday, February 15, 2012 at 6pm at the LA Convention Center.    Contact information:  Lucia Gutierrez at lgutierrez@naca.com and Linda Moten, lmoten@naca.com.

For NACA’s Save the Dream tour schedule go to NACA.com.

NACA is Back: Loan Modifications Jan 26-30, 2012 in Ontario CA


Mr. Bruce Marks, NACA Founder and CEO

Mr. Bruce Marks, NACA Founder and CEO

NACA:  Neighborhood Assistance Corporation of America

NACA’s Save the Dream Event is back in Southern California and will be at the Ontario Convention Center for 5 days: January 26 to the 30th.

NACA is a non-profit HUD Certified Mortgage Counseling Agency which represents itself to be the largest and most effective advocate for homeowners in the country.   NACA’s Save the Dream Event is a multi-day loan modification event that tours the country.    Most major servicers and  lenders such as Bank of America, CitiMortgage, Wells Fargo, and Chase participate in NACA’s Save the Dream events.

According to Mr. Bruce Marks, NACA’s founder and CEO, its loan modification success rate is 55% at the Save the Dream Event and up to 80% once unfinished loan modifications are finalized after the event.  Judging from the numerous testimonials on its website, NACA is indeed one of the few effective resources to obtain loan modifications.

NACA Save the Dream at Ontario Convention Center

NACA Save the Dream at Ontario Convention Center

In addition to loan modifications, NACA offers future home buyers mortgages at incredible terms such as no down payment, no closing costs, and low  interest rates, even if your credit is not perfect.  Both NACA’s mortgage assistance services and loan modification services are FREE.

Sound too good to be true?  Find out for yourself at NACA’s Ontario Press Conference Wednesday January 24th, noon at the Ontario Convention Center.  Can’t make the press conference?    Check out the numerous video taped testimonials by homeowners at NACA.com.    If you are struggling to make your house payments or to qualify for a mortgage,  you cannot afford to miss NACA’s Save the Dream Event.

NACA’s Ontario California Save the Dream Event  is scheduled as follows:

To learn about the NACA loan modification services and find out what you should bring, see Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring.

For VIP front-of-the-line treatment on your loan modification, be a NACA volunteer.  NACA relies upon hundreds of volunteers each day  to help at the events.  NACA asks that persons utilizing its free services to consider paying it forward by volunteering 8 hours of your time to help at an event prior to utilizing its services.  By volunteering, not only do you help  many others get help with their mortgage problems, but you also receive “VIP” status to speak to a NACA  Counselor on your mortgage issue.

To Volunteer at the upcoming NACA  Ontario Save The Dream event, attend the NACA Ontario Volunteer Meeting on Wednesday January 25, 2012 at 6 p.m. at the Ontario Convention Center.  See  memo from NACA’s Volunteer Coordinator, Linda Moten re: volunteering at NACA’s Ontario CA Save the Dream Event.

If you can’t volunteer at the conference you can help out by speaking out and defending NACA from HUD’s recent attempts to defund NACA.   Why would HUD want to defund one of the only successful programs that helps American Homeowners?  Demand an answer from HUD!

Milwaukee: You Can Make a Difference – Volunteer at NACA’s Save the Dream Event


Altadena, CA Home, Country Club Neighborhood

Altadena, CA Home, Country Club Neighborhood

NACA’s Save the Dream loan modification event is coming to Milwaukee and it needs the help of hundreds of Wisconsinites.

NACA is a non-profit HUD Certified organization which represents itself to be the largest and most powerful and effective advocate for homeowners in the country   NACA’s Save the Dream event is a multi-day loan modification fest.

What makes NACA succeed in helping distressed homeowners when the programs promulgated by our Legislature have failed miserably?  First, it’s probably due to NACA’s CEO Bruce Marks’ passion and commitment to fight abuse by the financial industry.

Further, in contrast to our Legislature, there is no conflict of interest; NACA is not dependent upon Banks to fund multi-million dollar election campaigns.   In addition and most importantly, NACA relies upon Public Support and active participation.

The upcoming Milwaukee NACA Save the Dream event will be held:

  • Dates:  August 5 -9th
  • Time:  8:00 a.m. to 8 p.m.
  • Location:  Frontier Airlines Center
  • Address:  4th Street & Wisconsin Avenue, 400 W. Wisconsin Avenue, Milwaukee, WI 53203

NACA is relying upon hundreds of volunteers to help out each day at the upcoming Milwaukee NACA Save the Dream event.   In exchange for 8 hours of volunteer time prior to the event, you get “VIP” status to speak to a NACA Counselor.

To Volunteer at the upcoming NACA Milwaukee Save The Dream event, attend the NACA Milwaukee Volunteer Meeting on August 4th at 6 pm at the Frontier Airlines Center.   See the memo below from NACA’s Volunteer Coordinator, Linda Moten.   If you can’t volunteer at the conference you can help out by speaking out and defending NACA from recent attempts to defund NACA.

NACA

Neighborhood Assistance Corporation of America

Save the Dream Tour

is coming to

Milwaukee, WI

Frontier Airlines Center

MEETING FOR ALL VOLUNTEERS and MEMBERS

On

 Thursday, August 4, 2011

 at 6:00 p.m. at

 Frontier Airlines Center 400 W Wisconsin Ave

Milwaukee, WI 53203

RSVP to rsaldana@naca.com

Ruth Saldana

All Volunteers who participate prior to this event with total of 8 hours will receive VIP with a Designated Counselor seating area

 at the

Save the Dream Event

Milwaukee, WI Frontier Airlines Center

In addition, NACA Purchase Members will receive their confirmation

Volunteer Participation Letter and VIP 1st Counselor Appointment Schedule.

When you join NACA, every Member is encouraged to contribute their unique skills to NACA and its missions. You agree to the Participation Pledge which requires you to participate in least five actions and activities a year.

“Beware” there will be more update newsletters regarding the:

Milwaukee, WI Save the Dream Event for all members and volunteers.

Thank you for your support

Linda Moten

Volunteer Coordinator

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For further information on volunteering, contact Ruth Saldana at rsaldana@naca.com   Go to NACA.com for schedule of Save the Dream Tour.

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See blog:  Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring

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NACA Loan Modifications: It Takes Not a Village, but a Whole Country to Keep the Dream Alive


Bank of America Center, San Francisco

Bank of America Center, San Francisco

In 2008, shortly after the financial crisis hit, I offered my legal services to distressed homeowners to negotiate loan modifications.

I felt I could provide my clients great services in this area due to my negotiating and writing skills developed from years of settling litigated disputes and writing persuasive motions and appellate briefs.

I learned very quickly, however, that the “loan modification process” was a farce.   The banks’ advertisements about their purported desire to help borrowers were patently false, mere propaganda fed to the American Public at cost of most likely millions of dollars in advertising dollars.

The collapse of Wall Street and the U.S. & World economies didn’t seem to daunt the financial industry’s  greed or audacity one bit.  (See e.g Aritcle re: bank executives multi-million dollar bonuses after bail out)

My experience with “negotiating” loan modifications for my clients was very much like what Congresswoman Maxine Waters’ experienced. (See video of Maxine Waters:  Behind the Bank’s Verbiage on Loan Modification

After our U.S. Congress rushed to the banks’ rescue with multi-billion dollar bail outs, it eventually passed some legislation purporting to help American Homeowners.   As we have seen since then, however, these programs have been deemed failures.   See:  Hope For Homeowners Offer Limited Hope;   See article why Home Affordable Modification Program [HAMP] is a failure.

The program titles were mere puffery; the substance of these governmental programs lacked any “teeth”.   But why does that surprise anyone since our own U.S. Congress members admit the banks are running the U.S. Congress.

So who can help Americans? Or rather how can American help themselves?

One organization which seems to be able to buck the power of the banks and help homeowners get reasonable loan modifications is the Neighborhood Assistance Corporation of America (NACA).

NACA is a non-profit HUD Certified organization which represents itself to be the largest and most powerful and effective advocate for homeowners in the country.

What makes NACA succeed where our Legislature has failed?   First, its probably due to NACA’s CEO Bruce Marks’ passion and commitment to fight abuse by the financial industry.  Second, NACA relies upon public support and active participation which it claims is critical to its success.

For example in 2009  NACA and over 350 homeowners protested at some of the lenders’ CEOs’ estate homes demanding the banks take responsibility for the financial carnage they created.  Also, Bruce Marks and homeowners frequently protest against banks at congressional hearings (see video protesting during testimony by Chase Bank).

These controversial tactics and publicity, however, have worked.  NACA has contracts with major lenders and servicers who are participating in NACA’s Save the Dream Tour and  giving loan modifications.  Participating Lenders include Bank of America, Chase (includes EMC and Washington Mutual), Citigroup, Wells Fargo, GMAC, HSBC, and Indy Mac/OneWest,.

Now, however, the Banks want to take Mr. Marks and NACA down, and apparently, their pressure on the government is working because HUD’s Secretary Shaun Donovan  is proposing the defunding of NACA which would put an end to what appears to be the most effective loan modification assistance for Americans.

What can you do?   Speak out and defend NACA.  Call and e-mail HUD Secretary Shaun Donovan and Treasury Secretary Timothy Geithnerand.

NACA suggest some good questions to ask are:

Why is HUD trying to destroy NACA, the most successful program to prevent foreclosures?

Why won’t it meet with NACA over this issue?

Why do you propose to defund NACA when the government’s own programs purporting to “help” American homeowners have been failures?

Instead of destroying NACA why don’t the government programs learn from NACA’s success?

HUD Secretary  Shaun Donovan  can be contacted via e-mail  Shaun.1.donovan@hud.gov  or phone: (202) 708-1979

Treasury Secretary Timothy Geithner can be contacted by  e-mail:  Timothy.Geithner@do.treas.gov  or phone number (202) 622.1100.

Call or e-mail your Congressperson and Senator as well.

To join NACA’s Defense Committee contact NACA at email:  Defenders@NACA.com or call its Campaign Coordinator, Daniel Perez at (617) 250.6222 ext. 1218.

Per NACA:  “Your Support is Crucial – Defend NACA”

To volunteer at NACA’s Milwaukee Save The Dream Event attend the August 4th Volunteer Meeting at Frontier Airlines Center at , at 4th Street & Wisconsin Avenue

“I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.”
Thomas Jefferson, 1802

For further information on volunteering at a Save the Dream Event, contact Ruth Saldana at rsaldana@naca.com.   Go to NACA.com for schedule of Save the Dream Tour.

Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring

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Loan Modifications Happening – NACA’s San Diego Save The Dream Event


Pasadena, CA Historic Highlands Neighborhood

Pasadena, CA Historic Highlands Neighborhood

A Four-Day Loan Modification Fest is being held by the Neighborhood Assistance Corporation of America (NACA).

NACA is a non-profit HUD Certified organization which represents itself to be the largest and most powerful and effective advocate for homeowners in the country.

One of NACA’s programs is a loan modification program called “HomeSave Program”.  According to Mr. Bruce Marks, the founder and CEO of NACA,  it’s HomeSave Program success rate is 55% to 80%.

NACA just finished its  5-day loan modification fest called Save-The-Dream Event in Los Angeles this past Monday, June 6, 2011.    Many modifications were announced during the event.  These modifications were obtained after much work and perseverance by the homeowners, and with the invaluable counselling and guidance of NACA.

NACA will now host a 4-day Save-The-Dream event in San Diego from June 10 to June 13 at the San Diego Convention Center from 8 am to 8 pm.  Most major lenders servicers will be there including Bank of America, Chase, CitiMortgage and more.  NACA has convinced these lenders to come to the table and negotiate.

San Diego Convention Center, 111 W. Harbor Dr. San Diego, CA 92101

For more information see  NACA’s LA Save the Dream Event .

For further information on volunteering at a Save the Dream Event, contact Ruth Saldana at rsaldana@naca.com.   Go to NACA.com for schedule of Save the Dream Tour schedule.

Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring

If you attend, please let us know your results!

NACA Milwaukee Save the Dream Event August 5-9th

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DRE 01867737

Loan Modifications – NACA’s Save the Dream Tour – Who Qualifies – What to Bring


Altadena, CA Home, Janes Village Neighborhood

Altadena, CA Home, Janes Village Neighborhood

Successful loan modification stories are too few and far between.   If you are a distressed homeowner, however, you will most likely want to look into all possible options, notwithstanding the numerous horror stories.

The Neighborhood Assistance Corporation of America (NACA) offers one of those options.  NACA is a non-profit HUD Certified organization which represents itself to be the largest and most powerful and effective advocate for homeowners in the country.  One of NACA’s programs is a loan modification program called “HomeSave Program” which is a part of NACA’s large multi-day loan modification tour called “Save the Dream.”

According to Mr. Bruce Marks, the founder and CEO of NACA,  HomeSave Program’s success rate is 55% to 80%.

NACA’s Home Save the Dream events are attended by all the major servicers, lenders and investors such as Bank of America, CitiMortgage, Wells Fargo, and Chase.   These lenders and servicers travel to each NACA Save the Dream event to participate in the multi-day loan modification event .

At the Save the Dream events  homeowners receive impressive  comprehensive counseling and support all free of charge.  There is no minimum or maximum income requirement.   Homeowners receive information on how to fill out forms, draft  budgets, and document their income and expenses.

Home owners then hold a telephonic counseling session with a NACA HomeSave Counselor who reviews the homeowner’s income, expenses, credit report and other documents to determine an “affordable mortgage payment” for the homeowner.   The counseling helps the homeowner put together a well documented file to support the requested modified monthly mortgage payment.

Once the counselor helps the homeowner determine a workable solution and the homeowners’ supporting documents are reviewed, the homeowner then meets with the Loan Servicer across the hall to negotiate a mortgage modification.

Who Qualifies for NACA’s HomeSafe Services?   Anyone who  has an unaffordable mortgage, owns and lives in their own home, and does not own another property.

What Documents Should You bring to a  NACA Save the Dream event?

1.  Verification of Income –

  • If employed:  pay stubs for past 30 days,
  • If Unemployed:  documentation on source(s) of financial support
  • If self-employed:  6 months bank statements
  • Documentation on any other source of funds, such as child support or rental income.

2.   Two most recent income tax returns

3.  Mortgage Statements  (1st mortgage and any other mortgages on property)

4.  Property Tax Statement reflecting annual tax amount

5.  Property Insurance Statement reflecting amount of premium

6.  Time, patience, and gratitude.

A calculator is also a helpful item to bring.  You will need to know your monthly debts and expenses (i.e. monthly food, car payment(s), electrical costs, etc) so it will be extremely helpful if you prepare a draft of your monthly expenses ahead of time and bring this information with you.  Some people pack snacks and lunch.  Some people volunteer and go to the front of the line.

Go to NACA.com for more information and for the schedule of their Save the Dream tour.  If you attend, please let us know your results!

See 60 Minute story on NACA’s Save-The-Dream Event.

If you want to know how to go to the front of the line, see NACA L.A. Loan Modification Save the Dream Event:  How to Avoid Waiting in Long Lines

For further information on volunteering at a Save the Dream Event, contact Ruth Saldana at rsaldana@naca.com.   Go to NACA.com for schedule of Save the Dream Tour schedule.

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