NACA’s Free 24 Hour a Day Save-A-Thon (200 straight hours) Offers Same Day Solutions for Homeowners with Unaffordable Mortgages
(Washington, DC) The most effective foreclosure prevention event returns to Washington, DC. at the D.C. Convention Center, beginning Friday, July 23rd and running through Friday, July 30th. There will be hundreds of NACA counselors to determine an affordable mortgage payment for the borrower, and hundreds of staff from all the major lenders to process and approve these solutions. NACA has legally binding contracts with all of the major lender/servicers, including Fannie Mae and Freddie Mac to make mortgages affordable.
This will be NACA’s 20th Save-the-Dream event. NACA has been throughout the country, drawing homeowners from every part of the nation.
Homeowners from around the country are expected to camp out at the Washington Convention Center hoping for a chance to save their homes. More than 40,000 people came to NACA’s last event in Georgia (click here for media clips). That event ran for more than 100 straight hours. The Save the Dream Event in Washington will go much longer – Eight days, 24 hours a day. That’s nearly 200 hours of uninterrupted service. Many homeowners will get their mortgage payments cut the very same day by hundreds of dollars a month and sometimes over $1,000/month. And it’s FREE
“The Save the Dream event has worked for thousands, while the Obama administration’s plan to help homeowners avoid foreclosure is failing. NACA’s Save the Dream Tour has been the one shining light in the struggle to keep people in their homes,” said NACA CEO Bruce Marks. “This will be the 20th stop on the tour.”
NACA works directly with all the major Lenders/Servicers (who are also on tour with us) to provide same day solutions. We provide thousands of homeowners with long-term affordable payments by reducing their interest rates to 4%, 3% or 2% and sometimes reducing the outstanding principal. (i.e. This is called the “NACA Restructure”).
- “Attending a NACA Save the Dream Tour was a life changing event for my family. Our mortgage payment was reduced a thousand dollars a month and our interest rate went from 7.6% to 3.62%. Thank you NACA for giving us the chance to save our home,” said Flor Portillo of Laurel, MD.
- Carlos and Caitlyn Pavon of Silver Spring, MD saved their home through NACA. “NACA not only stopped the sale of our home, but we got a 2% interest rate. That means we are saving $965 a month,” said Carlos Pavon, Silver Spring, MD
- Homeowners like David Brown of Temple Hills, MD saved his home after attending the very first Save the Dream event in Washington, DC two years ago. “I’m so grateful that NACA worked out a way to cut my mortgage payment. This means everything to me”, said Brown.
- Torina Stephens of Austell, Georgia saw her interest rate drop from 9% to 2% after attending the event. “I didn’t think this was possible! NACA helped me save my home and it really saved my life. I’m saving $782 a month, “said Stephens. Kimberly Graham of Atlanta saved her home too. This is the best news I’ve had in a long time. I’m saving $727 a month and my interest rate was cut to 3%,” said Graham.
We’re able to help Hall, Stephens and thousands more because we’ve been successful in getting unprecedented legal agreements with all the major lenders including investors Fannie Mae and Freddie Mac to save homes for working families.
NACA’s 20th Save-the-Dream event begins July 23rd– July 30th. People should register online at www.naca.com or call 888-499-6222. About the Neighborhood Assistance Corporation of America (www.naca.com):
Founded in 1988, NACA is the largest national non-profit community advocacy and homeownership organization. Through its 40 offices nationwide and call centers, NACA has set the national standard in restructuring unaffordable mortgages for at-risk homeowners as well as providing the best mortgage in America for homebuyers.
News of NACA’s program and advocacy has been featured in national and local media. The Boston Globe chose Bruce Marks, founder and CEO of the Neighborhood Assistance Corporation of America (NACA), as its 2007 Bostonian of the Year. There is tremendous recognition for the effectiveness of NACA’s advocacy and for providing real, affordable homeownership solutions for working people. Bostonian of the Year.