NACA Assisting South Florida Homeowners

The Neighborhood Assistance Corporation of America is helping future South Florida homeowners land affordable loans

By Julia Bagg
|  Thursday, Aug 2, 2012  |  Updated 7:25 PM EDT
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Struggling homeowners and future homeowners lined up for free help Thursday morning at the Broward Convention Center. Neighborhood Assistance Corporation of America, a non-profit organization, is known for connecting people with bank lenders to help save their loans. Now the organization has launched a free new program that helps first-time home buyers land a loan they can afford. NACA founder Bruce Marks said people have

Struggling homeowners and future homeowners lined up for free help Thursday morning at the Broward Convention Center. Neighborhood Assistance Corporation of America, a non-profit organization, is known for connecting people with bank lenders to help save their loans. Now the organization has launched a free new program that helps first-time home buyers land a loan they can afford. NACA founder Bruce Marks said people have "everything to gain and nothing to lose."

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Struggling homeowners and future homeowners lined up for free help Thursday morning at the Broward Convention Center.

Neighborhood Assistance Corporation of America, a non-profit organization, is known for connecting people with bank lenders to help save their loans. Now the organization has launched a free new program that helps first-time home buyers land a loan they can afford.

"No closing costs," said NACA Communications Director Darren Duarte.

"Sounds too good to be true but the fact of the matter is people have everything to gain and nothing to lose," said NACA founder Bruce Marks.

NACA gets funding from banks when its counselors help negotiate a deal Marks explained, noting NACA never charges the homeowner or buyer.

It's "basic mortgage lending, full-doc underwriting and having a mortgage that you can afford for the next 30 years. Almost for the rest of your life," he said.

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NACA mediates between customers and their lenders to negotiate a deal. The help for keeping families in their homes is the biggest draw.

Norma Paredes flew in from California for a loan modification because she can't get in touch with her bank.

"They don't answer my phone calls," said Paredes. "They completely ignore me."

At the NACA event, Paredes and others can personally meet with lenders and counselors.

The American Dream Event goes on now through Monday, August 6th, from 8 a.m. to 8 p.m. at the Broward Convention Center in Fort Lauderdale.

For more information, go to NACA.com.

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