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Updated almost 10 years ago on . Most recent reply

Naoise M.'s profile image
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Naoise M.
  • from Boston, Massachusetts
  • Member since May 12, 2015
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Naoise M.'s profile image
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Naoise M.
  • from Boston, Massachusetts
  • Member since May 12, 2015
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Naoise M.
  • Boston, MA
2
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19
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Tax, SDIRAs & Cost Segregation

Has anyone heard of/used this NACA mortgage crowd?

Naoise M.
  • Boston, MA
Posted

Has anyone ever heard of this NACA (Neighborhood Assistance Corporation of America). They claim to offer 3.75 30yr and 3.0 15yr mortgages with no money down + no closing costs. Anyone know if this is for real?

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Daniel Rubin's profile image
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Daniel Rubin
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  • from Boston, MA
  • Member since Oct 24, 2013
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Daniel Rubin
  • Developer
  • from Boston, MA
  • Member since Oct 24, 2013
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Daniel Rubin
  • Developer
  • Boston, MA
5
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Daniel Rubin
  • Developer
  • Boston, MA
Replied

Hi @Tim Trumble, 

Is it true that NACA has a deal with Bank of America that if a NACA borrower bids on a foreclosed home that is owned by Bank of America, the bank has an obligation to accept that offer even if it is less than the highest offer presented?

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