Being a homeowner is the goal of many individuals and families in and around Hempstead, Hewlett, Long Island, Nassau County, Valley Stream, and the surrounding areas, however this goal can be taken advantage of by unscrupulous lenders, agents, and others. Decades ago the Neighborhood Assistance Corporation of America (NACA) was founded to help minorities and other disadvantaged people realize the dream of homeownership, and the Law Offices of Aaron I. Katsman, P.C. is proud to be a partner with them in this work. With more than a decade of partnership, Aaron Katsman himself became the preferred settlement agent for the organization. No matter what your issue is with finding affordable housing, our team can often help resolve issues and help to clear a path toward your goal. Contact us today to learn more.
History of Lending Issues
Natisha Matthews, Esq.
Attorney
For those who had the resources, or had a history of homeownership, or just were the right color, getting a mortgage to purchase a home was not a problem. For the rest of people, if they could even get a mortgage, the terms were often horrible with higher interest rates, required a much higher down payment, or other aspects that made homeownership a dream for many that would never be realized. This was the case for decades until NACA was formed and worked to change things and provide an alternative for these marginalized groups.
Today, of all of the loans provided through the efforts of NACA and their network of lenders, only a tiny fraction – only 0.01% – have resulted in foreclosures. NACA is the country’s largest HUD-certified counseling organization in the country, and have helped tens of thousands of people who would have otherwise not realized their dream to become homeowners.
Problems Persist
While a great amount of work has been done to change things in the lending industry, problems continue to persist and affect people who want to become homeowners. This is why our team has been working with NACA for years to help make the dream possible for so many. With our legal expertise, contract negotiation skills, and experience we can help dismantle the old ways of doing things and showcase the benefits of broadening who can qualify for a home loan and to make those loans affordable to all.
If you have been involved with issues related to obtaining financing for a home, been told that you need substantial savings to qualify, have a credit score that doesn’t fit a box, or other issues in Hempstead, Hewlett, Long Island, Nassau County, Valley Stream, and the surrounding areas, you need to speak with our team at the Law Offices of Aaron I. Katsman, P.C. We can help you with legal issues and put you in touch with the right people to help you become a homeowner. Contact us today to learn more.