Home › Forums › Closed Forums › Buying and Selling RE › HLS & others, what is NACA?
- This topic has 10 replies, 3 voices, and was last updated 15 years, 5 months ago by cr.
-
AuthorPosts
-
December 9, 2008 at 10:34 PM #14599December 9, 2008 at 10:58 PM #313589HLSParticipant
It’s a cult π
A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
You have any experience with them ?? . HLS
December 9, 2008 at 10:58 PM #313945HLSParticipantIt’s a cult π
A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
You have any experience with them ?? . HLS
December 9, 2008 at 10:58 PM #313977HLSParticipantIt’s a cult π
A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
You have any experience with them ?? . HLS
December 9, 2008 at 10:58 PM #313998HLSParticipantIt’s a cult π
A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
You have any experience with them ?? . HLS
December 9, 2008 at 10:58 PM #314069HLSParticipantIt’s a cult π
A group out of Mass. founded by a guy named Bruce Marks. He shows up on CNBC once in awhile.
They want people to join and be active in their group…
I’m yet to determine if he’s a good guy or a wacko.
Last I knew, they only have programs in certain areas and San diego county is not included.
There are price limits in areas that they do cover, called their service areas.I dont know much about their loans or who they are sold to. There is huge risk in no down loans, if that is what they still do.
IMO, any low down/no down programs, including FHA, artificially keep house prices higher than they should be and allow people who really shouldn’t be buying houses to buy them, just because they want to.
I’ve never looked into this group, but I will see what I can find out.
You have any experience with them ?? . HLS
December 10, 2008 at 10:15 AM #313737crParticipantI saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
So in other words, his answer was yes.
December 10, 2008 at 10:15 AM #314095crParticipantI saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
So in other words, his answer was yes.
December 10, 2008 at 10:15 AM #314127crParticipantI saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
So in other words, his answer was yes.
December 10, 2008 at 10:15 AM #314148crParticipantI saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
So in other words, his answer was yes.
December 10, 2008 at 10:15 AM #314219crParticipantI saw a video of Bruce Marks from about a year ago now, where at a conference on the mortgage crisis a renter who said he was unable to purchase a home because prices got so out of whack asked Marks why he should have to bail out the guy who lied on a loan application, and now can’t make his payment?
Amidst the cheers in the audience for their opposition to a bailout, Marks’ reply was something like if you talk to your friends and family you will probably find out those facing foreclosure are a lot closer to you than you think.
So in other words, his answer was yes.
-
AuthorPosts
- The forum ‘Buying and Selling RE’ is closed to new topics and replies.