The next is a Free NACA Workshop
is being planned for Harwich, MA.
TBA
Cape Cod Citizens Committee on Economic Recovery & Neighborhood Assistance Corporation of America (NACA) Boston Office.
UPCOMING NACA WORKSHOP; SAVE A HOME, BUY A HOME WORKSHOP!
4CERS at NACA Workshop AttendeesKathleen- Masterson, Eastham
Olga Kahn- Wellfleet
Pamela Lloyd Baker & Joe Bangert -Brewster
Gail and John Bangert- Harwich
Contact Person: John Bangert
5 Stage Coach Rd,
Harwich, MA
Office: (508) 432-0545; jjbangert@gmail.com
Our Next NACA Workshop will be here in Harwich in late March or April TBA!
Language: English (Other upcoming workshops will be offered in Spanish and Portuguese)
Sign up for this workshop at this link below! Open for 100 folks we already have 15 folks signed up!
Sign Up Here: https://www.naca.com/workshop/
http://www.facebook.com/home.
NACA
Source: www.naca.com
Executives of financial institutions have amassed huge fortunes on the backs of hardworking American families. While living in their many luxurious homes, they have refused to restructure mortgages that would allow families to stay in their homes. ...
Here is a concrete way for those of us with predatory mortgages to change our situation, and also advise others who may have one of these "products" sold on Cape Cod by Cape Cod Mortgage originators, when our local Cape Cod banks would not offer it's own citizens, products in house. NACA will be working with us in the next few weeks and months, so we can cure some of the bad debts made here on Cape Cod.
What will the response of our local banks to foreclosures. How can we assist folks who have started foreclosure. How can we convince the Sheriff not to evict folks, and to use the housing stocks to house homeless folks. We need to change the way business is done if we are going to help folks in our own "Beloved Community" ! We need to be the change we want.
Cape Cod Citizens Committee for Economic Recovery has planned a concrete solution which was an out growth from our discussions at our from our first meeting on Sunday, February 8th, 2009. by asking Cape Codders to attend the NACA next meeting which will be held on Saturday, March 14, 2009 from 9am -1pm
"Let's learn how to save our own homes or get a home, now that's real homeland security!"
Let's talk to local lenders about reissuing 50 year and 100 year mortgages.
If you have been blocked from buying your own home or investment property because you could not qualify for a bank mortgage...The answer is Seller Financing!
Seller financing is perfect for the self employed, small business owner, foreign nationals and people with Really Bad Credit!
Most seller financing programs will provide up to 100 year mortgage terms, fixed or adjustable; or even interest only mortgages for buyers who cannot or don't want to bank qualify!
All the joy of home ownership are yours immediately without; producing bank statements, credit or FICO score requirements, debt ratios, income tax returns or financial statements!
Imagine the pride you will feel announcing to your family, friends and co-workers the great news that you finally bought a house!
See their warm, admiring smiles as you walk them through your new home or investment property. Catch their approving nods and winks!
With seller financing, you will have the option of having all the financial benefits of owning real estate immediately available to you:
* Mortgage interest and real estate Tax write offs. These could reduce your net monthly payment to less than you would pay to rent the property!
* Property appreciation, get rich while you sleep in your new home!
* Equity buildup resulting from the pay-down of the mortgage
* The right to rent out the property for income
* Income-Shielding Depreciation on income property.
Properly structured, seller financing programs can also provide you with bullet-proof asset protection!
The same type Bill Gates, the Rockefellers, Buffetts, etc. and other wealthy owners of real estate use to maintain privacy and to prevent their property from falling prey to creditors, judgments, lawsuits and liens even IRS liens!
How do you locate properties you can purchase with seller financing? You can get started looking for your dream house today!
We suggest that you locate 7-10 properties in your area that you would love to own. They can be sold by Owner, (http://www.fsbo.com/) or are for rent (http://www.rentals.com/). Or check your local newspapers.
Contact the owners of the properties you are interested in. Take a look at the house and if you are interested, find out what the sale price or monthly rental is, then ask the owner one question:
If he could sell it for his full asking price, as long as it is not more than the market price, could he afford to take his equity, if any, in monthly payments?
Equity is the amount of the value of the house that exceeds his mortgage.
For example, if the house is worth $100,000 and he owes $80,000, he would have $20,000 equity. the plan would pay out this amount to him on a monthly payout over several years.
Or if it is a rental, ask him if he would be interested in a long term, 3 year or longer lease purchase, at the end of which the balance of the purchase price would be paid off.
Click on the link to submit the names, telephone numbers and email addresses of the owners along with details of the property to the Seller Finance Center,
Mail: sellerfinancecenter.com/ where it will be distributed to various seller finance sources.
They will verify the information with you and contact the owners of the property and attempt to negotiate a deal to allow you to buy the house with seller financing.
To qualify for seller financing,you must have enough up-front cash to offset the risks of offering you 6 figure financing without the benefit of the stringent safe guards demanded by banks.
You will also have to demonstrate that you are able to carry the financing and the other costs of owning the home. Unlike with banks, there are no set scores or ratios that you will have to meet. Weaker situations, or larger purchase prices will simply require more cash up front.
Seller financing could be the big break you and your family were looking for that will enable you to finally buy that dream home or investment property today!
Copyright 2006 Bill Young. Bill is a former bank mortgage officer and a licensed financial consultant. He is an active real estate investor, author and consultant. His company Metropolitan Business Council, offers a free-5 part Stop Foreclosure program to those facing foreclosure. http://CantPayYourMortgage.com
Article Source: http://EzineArticles.com/?expert=Bill_Young
Brewster is the next Meeting Location!
Our next 4cer House Meeting will be on Sunday, March 15th 2009 at the home of Pamela Lloyd Baker at 2PM! Meeting will start at 2 Sharp, followed by discussions, and refreshments.
Pamela Llyod Baker
Brewster, MA 02631 home - Map
Phone: 508-385-1820
(near by Our Lady of the Cape Church in West Brewster!)
We only have 83 spots out of 100 for this next workshop which will be at Plymouth Library Saturday, March 14th 9:am -1pm.
If we have enough folks we need (40), we will be offering a bus to transport folks from Harwich/ Barnstable Bus will be @ $ 8RT PP
If you are planning this workshop please Click Here to for free registration. If you are not pre-registered you won't get a seat.
Seed Newsvine
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