Finally, some good news in the home loan arena…

An article in Sunday’s Denver Post describes an intriguing new avenue of help for homeowners having difficulty making their monthly house payments.

The Neighborhood Assistance Corporation of America (NACA) just opened an office in Denver in June. Nonprofit NACA can negotiate with lenders on behalf of borrowers to restructure bad loans or offer alternative financing on very competitive terms. Although FICO scores are checked, NACA considers a borrower’s character and such factors as the ability to stick to a budget and satisfy old debts. Not everyone will qualify, and the procedure can take up to 3, 6 or even 9 months if there are other debts to satisfy. However, foreclosure proceedings may be halted during the process.

NACA also offers loans for purchases on very competitive terms. Want more information?

There will be an NACA workshop Saturday, August 23 from 9 a.m. to 1 p.m. at Faith Temple at 12400 Hoffman Blvd. in Aurora.