Service Name: HOME SAVE PROGRAM - NEIGHBORHOOD ASSISTANCE CORP. OF AMERICA (PREDATORY LENDING ASSISTANCE)

Organization Name: NEIGHBORHOOD ASSISTANCE CORPORATION OF AMERICA NACA

• Description: Programs that provide assistance for people who believe they are victims of unscrupulous lending institutions that have pressured them into signing a loan agreement they cannot afford. Predatory lending tactics include high pressure sales techniques; misleading or fraudulent direct mail campaigns; failure to disclose unusually high interest rates, hidden transaction costs, excessive fees and punitive penalty clauses such as balloon payments; and loan agreements that are based on home equity rather than a realistic ability to repay. Predatory lenders frequently target the most vulnerable consumers including older adults, low income individuals, and people residing in communities underserved by traditional banking institutions.
• Website: http://www.naca.com
• Phone(s):
• Hours: Office: Monday- Friday, 8:30am - 5:30pm; workshop times vary
• Eligibility: See Refinance Eligibility on website; included in eligibility is that individual must live on the property and not own other properties, there is a maximum purchase price depending on service area
• Areas Served:
• Categories:
  • Predatory Lending Assistance