Very slowly but surely, the economy is turning around, according to President Obama. Nevertheless, Georgians are still losing jobs and subsequently, their homes. Although the number has dropped, Clayton county alone logged 673 foreclosures in January, according to the AJC.
The Neighborhood Assistance Corporation of America, better known as NACA, has helped thousands of Georgians hold onto their homes by getting adjustable rates changed to fixed, and interest rates lowered substantially. They will even help get high interest fixed rates lowered, and all services are FREE.
First you MUST attend a NACA “home save” workshop, where you receive basic information about the program and have a chance to ask questions. Next, you fill out a lengthy application complete with all financial information, and set up a consultation.
This process is not a quick fix, unless your house is about to be sold on the courthouse steps. As a matter of fact, one organizer explained how it took his NACA coworker ten months to get the situation worked out to her satisfaction. But success stories include homeowners whose interest rates were lowered by as much as 18%-20%.
The catch? In exchange for their assistance, NACA participants are asked to work with the organization in various capacities, such as volunteering to run workshops, participate in protests or simply assist others who want to use NACA. A small price to pay to save your home.
As per NACA’s website, “The only homeowners not eligible are investors who own other properties. The sole exception to this requirement is when a homeowner who lives in the home they want to restructure and the occupants of a second property are immediate relatives and they can document that they are such relatives and they live in the property.”
The next home save workshop to be held in Clayton is on February 20 from 2 PM to 4 PM at the Higher Living Christian Church, 2450 Mount Zion Parkway, Jonesboro. You MUST sign up on the NACA website beforehand in order to attend.
Have you or anyone you know used NACA’s services?