Non-Profit Urges Homeowners to be Patient - NBC 6 South Florida

Non-Profit Urges Homeowners to be Patient

Elizabeth Maloney turned to the Neighborhood Assistance Corporation of America for mortgage help, but found our her account had been closed

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    Non-Profit Urges Homeowners to be Patient
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    Antioch homeowners aren't the only ones facing bankruptcy -- the city government is considering filing for Chapter 9.

    Elizabeth Maloney is trying everything to save her new townhome. She even slept in line, along with thousands of others, at a NACA (Neighborhood Assistance Corporation of America) workshop back in the spring.

    "I left there with a great feeling," Maloney said about her meeting with NACA, a government-funded non-profit set up to help Florida residents cut through the red tape and keep their properties.

    Maloney left the seminar somewhat relieved. Her paperwork indicated she would see her mortgage payments reduced.

    But a few weeks ago, a letter appeared that made her think that they were going to foreclose on her.

    "They had closed my account," Maloney said.

    When we told NACA about Maloney's situation, the organization quickly went into action and today she said they now have confirmed an offer reducing her payments about $300 a month.

    NACA, which serves as a middleman between homeowners and banks, told NBCMiami that the banks that actually hold the loans are simply swamped and asked for patience, as well as told homeowners to save all their documents and to call them.

    Mortgage Help Draws Thousands to Convention Center

    [MI] Mortgage Help Draws Thousands to Convention Center
    Friday is day two of the "Save the Dream" event being held at the Miami Beach Convention Center, where thousands lined up yesterday to receive assistance with their mortgages. The Neighborhood Assistance Corporation of America (NACA) will be there until Monday. After hearing good things about the program, Vernon MacDonald is here to try to get his mortgage reduced.
    (Published Friday, April 16, 2010)


    For more information, vist www.naca.com or call 1-888-404-6222.