The deed of the property is in my name and my parents but the loan is under my parents name only. For my parents, this is their second/investment property but for myself, it’s my only.
Does my property qualify for the NACA home saver program?
02
Apr
Us Loan Auditors
April 2, 2010 at 11:24 pm
It’s hard to say. There are so many different factors involved. It depends on the lender and weather or not they’re willing to modify the non owner occupied property. The bank only takes into account who’s on the loan so it is considered a non owner occupied property to the bank.
From my experience, it is highly unlikely the bank is willing to modify a loan on a NNO property. Then again, it does depend on the lender.
Princess ♥
April 2, 2010 at 11:31 pm
Hi Melissa, I been through the NACA program and let me advise you. Stay away from them. They promise so much, collect all your information and your fee, and they don’t even do anything. My counselor said that I should have mine completed within a week. And it’s been almost a year and no news. I called, emailed, and faxed, and no response. It just isn’t right. During the process, I found out that a lot of the referrals are done by NACA employee’s families and friends, as well as those whose in the process and feel the need to refer because it’s this loyalty thing that they mention during the workshop.
To answer your question, you can always sign up for their free workshop. But don’t believe that they are going to help you because it’s a scam.