Article of the Day: GSE Foreclosure Ban In Place Until January 2009

NACA Restructures Mortgages of Foreclosure Victims

NACA, the Neighborhood Assistance Corporation of American is doing the seemingly impossible: getting lenders to accept loan modifications on defaulted mortgages. Foreclosure victims rarely get the attention of their lender before it’s too late.

However, with NACA representatives in their corner working out a payment the borrower can make and then communicating that to the lender was the missing piece of the puzzle…or so everyone hopes.