Comments on: NACA http://sahomelocator.com/blog/2008/12/20/naca/ San Antonio housing market reports and local community information brought to you by Krishna Perkins, Realtor. Sat, 12 Jun 2010 22:22:13 +0000 http://wordpress.org/?v=2.8.4 hourly 1 By: Administrator http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-381 Administrator Wed, 13 Jan 2010 22:14:14 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-381 Your attorney should be able to guide you on this. Be sure you're getting help from a Real Estate Attorney. NACA is a good choice for home owners who have mortgage rates in the double digits or adjusted way out of control. And they do it for free. If your attorney hasn't gone to work on this already NACA knows the in's and outs of the remodification business. Your other option is to go ahead and try selling the house. If you can't sell it at fair market value your lender will most likely approve a short sale based on your demonstration of a hardship. To find out more about getting a hardship approved ask for your bank's loss mittigation department. Your attorney should be able to guide you on this. Be sure you’re getting help from a Real Estate Attorney. NACA is a good choice for home owners who have mortgage rates in the double digits or adjusted way out of control. And they do it for free. If your attorney hasn’t gone to work on this already NACA knows the in’s and outs of the remodification business. Your other option is to go ahead and try selling the house. If you can’t sell it at fair market value your lender will most likely approve a short sale based on your demonstration of a hardship. To find out more about getting a hardship approved ask for your bank’s loss mittigation department.

]]> By: vera http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-376 vera Tue, 12 Jan 2010 22:23:40 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-376 Hi Mr. K Perkins, I am currently looking into the Naca Program due to us hiring an attorney to assist us in a remodification loan. I guess my question is if a person files for a BK chapter 7 but they still express a desire to stay in their home. Do the banks still work with them after they've been pending the remodiciation procrss for awhile? If not, what do you recommend we do? thx for your input into this matter, I look forward to hearing from you. Sincerely, vera Hi Mr. K Perkins, I am currently looking into the Naca Program due to us hiring an attorney to assist us in a remodification loan. I guess my question is if a person files for a BK chapter 7 but they still express a desire to stay in their home. Do the banks still work with them after they’ve been pending the remodiciation procrss for awhile? If not, what do you recommend we do?

thx for your input into this matter, I look forward to hearing from you. Sincerely, vera

]]> By: Administrator http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-282 Administrator Tue, 01 Dec 2009 02:01:24 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-282 Did you guys ever get this thing taken care of? Did you guys ever get this thing taken care of?

]]> By: Administrator http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-281 Administrator Tue, 01 Dec 2009 01:58:11 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-281 Good question. And I understand your frustration. I think the over all purpose of NACA is good but the customer service is no existant due to the non-profit nature of the company. I had a couple clients I took to NACA and had some frustrations with getting them through the process in a timely fasion . The best advise I can give to anyone is to stay on top of them and do everything to the letter when they lay out your instructions. The good news for you Tiffany is that if you are getting refinanced due to a predatory loan you will get some priority. I noticed they will make special appointments to help you avoid loosing your home. So, go ahead and sign up for the NACA meeting, keep great notes on what to do and you will be ok. Be sure to stop by and let everyone know how it works out. Best wishes, Krishna Perkins, Realtor Good question. And I understand your frustration. I think the over all purpose of NACA is good but the customer service is no existant due to the non-profit nature of the company. I had a couple clients I took to NACA and had some frustrations with getting them through the process in a timely fasion . The best advise I can give to anyone is to stay on top of them and do everything to the letter when they lay out your instructions. The good news for you Tiffany is that if you are getting refinanced due to a predatory loan you will get some priority. I noticed they will make special appointments to help you avoid loosing your home. So, go ahead and sign up for the NACA meeting, keep great notes on what to do and you will be ok.

Be sure to stop by and let everyone know how it works out.

Best wishes,

Krishna Perkins, Realtor

]]> By: Tiffany http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-280 Tiffany Tue, 01 Dec 2009 01:19:24 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-280 What if you just want to refinance with NACA? What are the pros and cons to doing so? I must say I'm alittle skeptical because they do not have anyone to discuss this with over the phone. What if you just want to refinance with NACA? What are the pros and cons to doing so? I must say I’m alittle skeptical because they do not have anyone to discuss this with over the phone.

]]> By: Administrator http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-187 Administrator Wed, 07 Oct 2009 11:52:45 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-187 Thanks for the comment. It is my understanding that if you own the house out right then you can deed it over to someone else while you go through the NACA process. If you still owe money on the home you will have to sell it before you go through NACA. I'm sorry you had a bad experience with NACA. I had some clients go through them and I will never send anyone to NACA again. It's unfortunate because I think it could be a good program but they are understaffed and over booked. I would not waist your time going to the meeting unless you sell the home or deed it out of your name. I look forward to hearing back from you! Best Wishes Thanks for the comment. It is my understanding that if you own the house out right then you can deed it over to someone else while you go through the NACA process. If you still owe money on the home you will have to sell it before you go through NACA. I’m sorry you had a bad experience with NACA. I had some clients go through them and I will never send anyone to NACA again. It’s unfortunate because I think it could be a good program but they are understaffed and over booked. I would not waist your time going to the meeting unless you sell the home or deed it out of your name. I look forward to hearing back from you!

Best Wishes

]]> By: von http://sahomelocator.com/blog/2008/12/20/naca/comment-page-1/#comment-157 von Mon, 28 Sep 2009 23:25:38 +0000 http://sahomelocator.com/blog/2008/12/20/naca/#comment-157 In the past my husband and I have tried to buy a home the traditional way thur the banks an so and it was always an issue of the credit score or too many open loans... So we did a owner finance which we basically settled for the first thing we could find the intrest rate is 8.9. I went to the seminar or workshop and it seemed to be legit but now because this home's deed is in my name we do not qualify... we basically are stuck again in a home that we are not happy with. We spoke with one of the representives that spoke throught the workshop... He was pretty arrogant and made us feel like we were pretty stupid to the point I did not want to ask him anything else. He did say you have to sell the house but my question was will have to be before the consult appointment? Also because I heard of someone deeding the home back could we do that and be okay? In the past my husband and I have tried to buy a home the traditional way thur the banks an so and it was always an issue of the credit score or too many open loans… So we did a owner finance which we basically settled for the first thing we could find the intrest rate is 8.9. I went to the seminar or workshop and it seemed to be legit but now because this home’s deed is in my name we do not qualify… we basically are stuck again in a home that we are not happy with. We spoke with one of the representives that spoke throught the workshop… He was pretty arrogant and made us feel like we were pretty stupid to the point I did not want to ask him anything else. He did say you have to sell the house but my question was will have to be before the consult appointment? Also because I heard of someone deeding the home back could we do that and be okay?

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